BREAKING: Ukraine cancels dollar bond sale after NBU governor resigns

bne IntelliNews July 2, 2020

Ukraine cancelled a planned offering of dollar-denominated Eurobonds after Yakiv Smolii stepped down as NBU governor citing a “systematic” campaign against the central bank.

Moldova’s ruling Socialists accused of “abducting” MP after he defected to Pro Moldova

Iulian Ernst in Bucharest July 2, 2020

Stefan Gatcan fled the country after telling prosecutors he was physically forced to sign his resignation as an MP by his former colleagues from the Socialist Party.

Ukraine’s NBU governor Smolii quits under pressure from oligarchs

Ben Aris in Berlin July 2, 2020

Yakiv Smolii, the governor of the National Bank of Ukraine (NBU), has quit his job, citing pressure from a “systematic” campaign against him and the central bank by oligarch Ihor Kolomoisky.

Russian vote through changes to constitution in referendum, Putin cleared to rule until 2036

bne IntelliNews July 2, 2020

With 99.9% of the vote counted, 77.93% of Russians voted for changes to Russia’s constitution and 21.26% against in a referendum on July 1. The turnout was 65%.

Turkey hit by VW’s scrapping of auto plant plan and refusal by Europe to list country as safe for tourism

bne IntelIiNews July 1, 2020

German auto giant says it can no longer see demand for proposed factory’s output. Ankara tells EU travel and coronavirus officials to correct their “mistake” as soon as possible.

Montenegro legalises same-sex civil partnerships

Denitsa Koseva in Sofia July 1, 2020

Montenegro became the first Western Balkan state to legally recognise same-sex couples. PM Dusko Markovic says "no room for discrimination based on sexual orientation in a European Montenegro".

Armenian officials rule out new lockdown even as COVID worsens

Ani Mejlumyan for Eurasianet July 1, 2020

"Our strategy is to learn how to live alongside the virus."

Turkey’s Akbank sells $500mn of 5-year eurobonds at 6.80%

Akin Nazli in Belgrade July 1, 2020

Private lender’s deal is expensive, but there are expectations that emerging market investors have finally opened up for corporate and financial institution issuance.

Russian petrochemical giant Sibur raises $500m in 5-year eurobonds with a record-low 2.95% coupon

Ben Aris in Berlin July 1, 2020

Russian petrochemical giant Sibur Holding has issued a $500m 5-year eurobond on the Irish Stock Exchange with the lowest coupon yield ever for a Russian corporate of 2.95%, on June 30.

Valery Tsepkalo out of the Belarusian presidential race, six candidates left in

bne IntelliNews July 1, 2020

Valery Tsepkalo, one of the three leading opposition candidates that want to run against Belarus President Alexander Lukashenko in the August 9 presidential elections, has been excluded from the race. The other two are in jail.

Macron accuses Erdogan of massively importing jihadists into Libya

bne IntelIiNews June 30, 2020

Calls it a “criminal” intervention by “a country which claims to be a Nato member”.

Uzbekistan eyes green debt sale marketed as sukuk

bne IntelIiNews June 30, 2020

Islamic finance currently makes up tiny proportion of $950bn global green bond market.

Clearstream adds Romanian equities to its network

Iulian Ernst in Bucharest June 30, 2020

Foreign investors have been pushing for the move that will give them easier access to the Romanian capital market.

Belarus’ election commissions rejecting opposition candidates' signatures, investigations launched into Tsepkalo

Ben Aris in Berlin June 30, 2020

It has been dubbed “the signature revolution” but the hundreds of thousands of signatures Belarus’ opposition figures have gathered that are part of the application process to stand in the presidential elections have been rejected

Azerbaijan faces prospect of COVID doctor shortage

Eurasianet June 29, 2020

The coronavirus has continued to spread rapidly, and President Ilham Aliyev put the blame on residents who don’t wear masks.

Duda and Trzaskowski re-launch campaigns ahead of final stage of crucial presidential contest

Wojciech Kosc in Warsaw June 29, 2020

Poland's incumbent President Andrzej Duda and his rival Rafal Trzaskowski are appealing to the electorates of candidates eliminated in the first round as they prepare to face each other in the run-off in July.

Iran asks Interpol to place Trump on ‘Wanted List’ for assassination of general Soleimani

bne IntelIiNews June 29, 2020

Country identifies 36 individuals accused of "murder" and "terrorism” with US president "at the top of the list". Issues arrest warrants.

Saakashvili says Russia "way ahead" of Ukraine in making reforms

bne IntelliNews June 29, 2020

In remarkably candid comments, former Georgian president and recently appointed head of Ukraine’s Reform Committee Mikheil Saakashvili said that Russia was “way ahead” of Ukraine in many key reforms.

Poles set up Duda-Trzaskowski showdown in July’s presidential run-off

Wojciech Kosc in Warsaw June 28, 2020

Incumbent President Andrzej Duda led the first round of the presidential election and will meet the liberal opposition’s Rafal Trzaskowski after the final two weeks of the most brutal campaign in Poland’s recent history.

International financial institutions scale back their support for Zelenskiy’s government over reform backsliding fears

bne IntelliNews June 28, 2020

Backsliding on reforms and rising political instability within Zelenskiy's administration have led Ukraine’s international donors to pare back their financial support until the government better demonstrates its commitment to the reform agenda.