Omicron variant ends Romania’s stock market rally

Iulian Ernst in Bucharest December 3, 2021

In the final week of November, Romania’s stock market indices posted their steepest decline since the initial COVID-19 shock in February-March 2020.

Blinken and Lavrov talks break up after 30 minutes

Ben Aris in Berlin December 2, 2021

US Secretary of State Antony Blinken appealed to his Russian counterpart Foreign Minister Sergei Lavrov to choose diplomacy over coercion in face-to-face discussions in Stockholm but the two sides remain far apart.

EU challenges China’s Belt and Road with €300bn Global Gateway

bne IntelIiNews December 2, 2021

Bloc’s giant investment offer may appeal to countries worried by Chinese “debt-trap diplomacy”. Beijing warns against geopoliticising infrastructure.

Erdogan makes ‘Albayrak’s man’ new finance minister with Turkey still mired in lira crisis

Akin Nazli in Belgrade December 1, 2021

Move came at end of first day of ‘front door’ interventions by central bank on FX market that reportedly burnt up in excess of a billion dollars.

Montenegro’s biggest industrial plant KAP to halt production amid surging electricity prices

Denitsa Koseva in Sofia December 1, 2021

Montenegrin power company EPCG plans to hike the price it charges for electricity from January in line with rising prices on international markets.

Kosovo clamps down over omicron fears

Valentina Dimitrievska in Skopje December 1, 2021

Pristina follows governments of Croatia and Slovenia in tightening border restrictions but also introduces stricter rules for people inside the country.

Putin offers to start negotiations on a non-expansion of Nato to the east security deal

bne IntelliNews December 1, 2021

Russian President Vladimir Putin has called on the West to start talks on a security deal and legal guarantees that would prevent Nato from expanding East.

Serbian government caps prices of basic foodstuffs as inflation soars

Eldar Dizdarevic in Sarajevo November 30, 2021

Prices of sugar, flour, sunflower oil and other basic foodstuffs to be frozen at November 15 level.

Last Iraqi Airline flights evacuate migrants from Belarus as crisis winds down

bne IntelliNews November 30, 2021

The last two Iraqi Airlines flights evacuated migrants from Belarus that had asked to go home, on November 29.

45.6% of Montenegrins think their country is going in the wrong direction

bne IntelliNews November 30, 2021

Just 31.9% of respondents said Montenegro is going in a good direction as many complained the government's priorities do not align with those of the population.

Employees of Croatia’s Rimac Automobili attacked by racists in Zagreb

Denitsa Koseva in Sofia November 29, 2021

Electric hypercar producer Rimac Automobili is one of the most successful Croatian companies and has an increasingly international workforce.

Russia, China slam selective invitations to US “Summit for Democracy,” call US hegemony in international politics “anti-democratic”

Ben Aris in Berlin November 29, 2021

The foreign ministries of China and Russia have slammed the selective invites to a US-sponsored “Summit for Democracy” slated for December that saw countries like Poland and India invited, but some EU allies and Nato members excluded.

More details emerge of alleged coup plot in Ukraine

Ben Aris in Berlin November 29, 2021

President Volodymyr Zelenskiy told journalists at a press conference in that Kyiv had information suggesting a coup d'état was being planned in the coming months involving the country’s top oligarch and Ukraine’s richest man Rinat Akhmetov.

Leader of winning coalition Petr Fiala appointed new Czech prime minister

bne IntelliNews November 29, 2021

Ceremony held under strict hygiene conditions behind a plexiglass wall after President Milos Zeman contracts COVID-19.

Opposition parties in Kyrgyzstan reject preliminary results of parliamentary election

bne IntelIiNews November 28, 2021

Central Election Commission accused of fraud with claims that votes were stolen during 40-minute malfunction of tabulation monitor.

Weekend of protests against mining projects and pollution in Serbia

bne IntelliNews November 28, 2021

Clashes with police as environmental activists protest against legal changes they say benefit foreign investors in polluting projects.

Bulgaria’s likely new ruling coalition to make relations with North Macedonia a priority

bne IntelliNews November 27, 2021

The progress of both North Macedonia and Albania towards EU accession is stalled because of Bulgaria’s veto on the start of accession negotiations with North Macedonia.

Russian billionaire Usmanov has been re-elected to a fourth term as the President of the International Fencing Federation

bne IntelliNews November 27, 2021

Russian billionaire Alisher Usmanov has been re-elected to a fourth term as the President of the International Fencing Federation (FIE) during the body’s congress in Lausanne, Switzerland.

Concern mounts over new southern Africa coronavirus variant

bne IntelliNews November 26, 2021

The EU is planning a ban on travel from southern African countries after a new and highly infectious variant of the coronavirus virus was confirmed in Botswana and South Africa.

Romanian parliament backs new government after long political crisis

bne IntelliNews November 26, 2021

PSD and PNL put rivalries aside to form new government led by Nicolae Ciuca, ending lengthy political crisis.