News
Kosovan PM given ultimatum to tackle tensions in north
US envoy Escobar says Pristina has two days to respond to US, EU demands or face consequences.
Romanian hydropower giant Hidroelectrica announces imminent IPO
Upcoming IPO to be the largest in the history of Romania's capital market.
Kyrgyzstan: Security services arrest alleged coup plotters from obscure party
President Japarov appears most nervous of alleged plots that mirror how he himself came to power.
Iran proclaims itself a hypersonic missile power
Tehran claims the Fattah could hit Israel within 400 seconds but at the same time is a “message of security” to the people of the Middle East.
Ukraine calls for further sanctions against Russia as Kakhovka dam crisis worsens
Ukraine has called the EU and G7 to implement a new round of sanctions against Russia following the destruction of the Kakhovka dam in occupied Kherson on June 6.
EU’s top court strikes at the heart of Polish government’s judicial reform
CJEU rules PiS government’s judicial reform of 2019 constitutes a breach of the European Union legal order.
Bulgaria’s parliament endorses new government with rotating PM
Government backed by Gerb-SDS and Change Continues-Democratic Bulgaria appointed after two months of tense negotiations.
EC bans Ukrainian grain imports to Central Europe for another five months, Kyiv bans sugar exports in response
Five EU member states bordering Ukraine will be allowed to keep some of their restrictions on imports of Ukrainian agricultural produce in place until September 15, the European Commission decided on June 5.
Nova Kakhovka dam destroyed, unleashing a tidal wave of flood waters into southern Ukraine
The massive Nova Kakhovka dam has been destroyed in the early hours of June 6, releasing a tidal wave of flood water that quickly swamped towns and villages downstream in southern Ukraine and triggered evacuation orders by local authorities.
US blocks assets of Russia-linked agents involved in conspiracy against Moldova
US sanctions leading members of Russian intelligence-linked “malign influence group” suspected of trying to destabilise Moldova.
Russia’s economy in danger of overheating as war shocks wear off
The Central Bank of Russia is worried that the Russian economy is overheating due to high levels of investment and rising consumption in a very tight labour market, the bank said in its monthly update.
Russia says Ukrainian assault has been prevented in Donetsk Oblast, but Kyiv dismisses claim as Ukraine makes advances in Donbas
Russia claims to have blunted a Ukrainian assault in Donetsk Oblast, but Kyiv says Moscow is sowing disinformation as Ukraine makes advances in Donbas, Reuters reported on June 5.
German Chancellor Scholz roasts pro-Russian hecklers in an uncharacteristically fiery speech
German Chancellor Olaf Scholz shocked observers after he put down hecklers at a speech in Berlin, delivering a fiery speech that condemned Russian President Vladimir Putin as a “warmonger” and a “murderer” on June 3.
Prime Minister Orban flies to Ankara for Erdogan’s swearing-in ceremony
Prime Minister Viktor Orban attended the inauguration ceremony of Turkish President Recep Tayyip Erdogan on June 3, the only representative of an EU member country to do so. No information was released on the informal talks between the two leaders.
Anti-government march gathers 500,000 in Warsaw
The march followed intense weeks in Polish politics, marked by the Law and Justice (PiS) government’s missteps, which echoed at home and abroad, and likely fuelled the turnout at the rally, the biggest in Poland’s history since communism.
‘Orthodox’ Simsek gets finance post in Erdogan’s new cabinet
How much market orthodoxy Turkish strongman can swallow is now the question.
Turkey deploys commandos in Kosovo after violent protests
The commando battalion deployed to address mounting tensions in the region.
Istanbul-listed Garanti BBVA renews syndicated loan at 73% rollover rate
Benchmarks are painfully high as SOFR remains above the 5%-level, compared to the 0.05% seen in October 2021, while 12-month Euribor is testing the 4%-level, compared to the minus 0.5% recorded in October 2021.
Hungary’s windfall tax and rising energy costs push foreign retailers into the red in 2022
The sector is bracing for more losses in 2023, according to the retail association OKSZ.
Hungary pushes banks and investment funds to hold more government bonds
The government slapped a 13% tax on savings and set minimum levels for investment funds' holdings of government bonds. Banks can also cut windfall tax if they increase purchases of local government bonds.