News
Ukraine on course to smash its 2019 grain harvest record, remain world’s biggest grain exporter
With the winter grain harvest still underway Ukraine’s farmers have already brought in more grain this season than in all of last year and are on course to smash the previous record.
Moldovan PM Sandu loses confidence vote
Shaky coalition between Sandu's pro-EU ACUM bloc and President Dodon's pro-Russian Socialists fractures after just five months.
Czech CEZ’s Turkey-listed JV restructures $854mn loan with Yapi Kredi Bank
Markets, meanwhile, draw breath as Erdogan prepares for November 13 White House meeting with Trump. Betting is that the two strongmen will reach an accommodation.
Ukraine main anti-graft agency detains former central bank governor's deputy
The National Anti-Corruption Bureau (NABU), the country's main anti-graft agency, has detained former deputy governor of the National Bank of Ukraine (NBU) Oleksandr Pysaruk among seven people who have been accused of embezzling UAH1.2bn ($49mn)
Moscow has the second highest road rage score in the world
Mister Auto released a survey of which cities in the world are the best and worst to drive in that found Moscow has the second highest road rage index in the world, after only Ulaanbaatar.
Moscow judge refuses to release two more Russian national Baring Vostok partners to house arrest
A Moscow court extended the pre-trial detention of the remaining two partners in the Baring Vostok fund, Ivan Zyuzin and Vagan Abgaryan, until January that worked with Russia’s top fund manager Michael Calvey.
Crisis within Moldova’s ruling coalition makes Plahotniuc’s party a key player again
Moldova’s parliament is poised to vote on the no-confidence motion submitted by the Socialist Party of President Igor Dodon against the government of Prime Minister Maia Sandu.
Far-right marches in Warsaw to celebrate Poland’s Independence Day
Tens of thousands of people joined the 10th Independence March, an annual event that has gained notoriety because it is organised by far-right parties and groups seen as gaining strength in Poland.
Ukraine president pledges to hold a referendum on farmland sales for foreigners
The Ukrainian authorities will allow farmland sale to foreign citizens and companies only if the Ukrainian people give consent to it at a referendum, the nation's President Volodymyr Zelenskiy said on November 11.
Turkey sells $2.5bn of 5-year eurobonds at 5.70%
Spread over US Treasury paper fell sharply to 407bp from 470bp seen at previous Turkish sale, held in July.
Germany fails to protect Nord Stream 2 from EU gas laws
Germany’s Bundestag parliament has failed to pass a bill that would have helped shield the controversial Nord Stream 2 gas pipeline project from recent amendments to the EU’s gas directive.
Romania’s former PM Dancila to face President Iohannis in second round of presidential elections
Klaus Iohannis seen heading for victory in the runoff in two weeks time, which will reinforce the new government headed by the centre-right PNL.
Albania, North Macedonia and Serbia agree to set up common market
Eliminating obstacles to the free movement of people, goods, services and capital will facilitate trade and investment in the Western Balkans — but the primary goal of all three countries is EU accession.
EBRD advises Turkey on reforms to open swollen bad debt burden to foreign buyers
Presently Turkish banks only permitted to sell NPLs to fellow domestic banks or country’s asset management firms. Hungry outsiders might place bids if Ankara opens market to investors looking to securitise the loans.
CONFERENCE CALL: President of Turkmenistan Gurbanguly Berdymukhamedov hits the road to woo investors
The President of Turkmenistan Gurbanguly Berdymukhamedov was in Italy this week for an Italian – Turkmenistan business forum took in Milan on October 7, to woo investors and diversify the economy
Romanian presidential election becomes a race for second place
Sunday’s vote will determine whether incumbent Klaus Iohannis faces recently dismissed prime minister Viorica Dancila or Dan Barna who represents the “new” centre-right against Iohannis’ old guard in the second round.
Russia’s RTS index hits six year high, MOEX sets a new all time record as Santa rally gets underway
Its been a good week for Russian stocks as the dollar denominated Russia Trading System index hit 1,471 as of November 7, its highest level in six years, and the ruble denominated Moscow Exchange Index crossed above 3,000 for the first time.
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Q3 FINANCIALS, TURKEY: Isbank beats peers with 9% profit growth but remains far behind real sector outperformers
Outperformers: Turkcell, Ford Otosan, Coca Cola Icecek, Ulker, Anadolu Cam, Enerjisa.
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Turkey’s mega airport ‘looking to refinance up to €5bn’
Grand infrastructure project got off to a less than auspicious start, hitting the share price of Turkish Airlines in the process.
Chinese interested to invest in flying car from Slovakia
Chinese investors might be interested in the flying car of Slovak designer Stefan Klein, as the Slovak News Agency learned at this year's China International Import Expo opened on November 5 in Shanghai.