Turkey scrimps on detail in explaining how May’s inflation is ‘only 73.5%’

Akin Nazli in Belgrade June 5, 2022

Gone are the average prices recorded for each item in the CPI basket. ENAG contends inflation is 161%.

Czech authorities tighten rules for Ukrainian refugees

bne IntelliNews June 5, 2022

The Czech Republic is starting to show strains over how to cope with the slowing but continued influx of Ukrainian refugees into the country.

Controversial Bulgarian cultural centre in North Macedonia set on fire

Valentina Dimitrievska in Skopje June 5, 2022

Arson attack on centre named after a Nazi collaborator complicates efforts to mend relations between Sofia and Skopje and unblock North Macedonia's EU path.

Albania’s chief of defence set to become next president

bne IntelliNews June 4, 2022

Ruling Socialists prepare to elect their pick for president, Major General Bajram Begaj, with opposition MPs threatening a boycott.

Kyrgyzstan: Pit wall cracks raise questions over future of giant Kumtor gold mine

Aigerim Turgunbaeva June 3, 2022

The president has preventively denied any future responsibility for accidents that might happen at the mine.

Estonia’s PM kicks Centre party out of governing coalition

Linas Jegelevicius in Vilnius June 3, 2022

Kallas proposes to form a new government with the Isamaa party and Social Democrats.

Oil embargo, SWIFT, Yandex CEO and National Depository part of EU’s sixth sanction package

bne IntelliNews June 3, 2022

The European Council has officially adopted the EU sixth sanction package for Russia’s military invasion of Ukraine, according to the June 3 announcement and the official EU journal entry.

EU agrees to delist Russian orthodox leader from sanctions list after Hungarian pressure

bne IntelliNews June 3, 2022

The EU’s sixth sanction package against Russia can finally come into force, a month after it was first proposed.

Uzbekistan sees bread prices skyrocket

Joanna Lillis for Eurasianet June 2, 2022

Tashkent is seeking to boost domestic flour production at a delicate time, with the war in Ukraine garbling food supply chains.

National Bank of Ukraine raises discount rates to a whopping 25%

Dominic Culverwell in Berlin June 2, 2022

The National Bank of Ukraine raised the discount rate by a massive 15%, from 10% to 25%, Epravda reported on June 2.

Austria and Switzerland combined: Viral maps show true size of Russia's occupation of Ukraine

Social media correspondent Dominic Culverwell June 2, 2022

Several maps showing the true size of Russia’s occupation in Ukraine have gone viral, with many Europeans left shocked when comparing the total area with their own country.

Orban wants Russian Patriach removed from EU's sanctions list

bne IntelliNews June 2, 2022

Hungary has continued to block approval of the sixth package of sanctions against Russia, this time over the inclusion of the head of the Russian Orthodox Church, Patriarch Kirill.

Russia edges closer to bond default

bne IntelliNews June 2, 2022

Missed $1.9mn interest payment triggers first default event on Russian sovereign debt for a century.

European Commission says Romania meets none of the euro adoption criteria

Iulian Ernst in Bucharest June 2, 2022

Romania has repeatedly pushed back its euro adoption timetable, and doesn’t plan to join the single currency area sooner than 2029.

Brussels to release recovery fund cash for Poland despite doubts over rule of law reform

Wojciech Kosc in Warsaw June 2, 2022

Poland has reformed disciplinary regime for judges to meet EU concerns over their impact on the rule of law, but still has to reappoint sacked judges and prove new system will not be politicised.

Croatia set to become the eurozone's 20th member in January 2023

Denitsa Koseva in Sofia June 1, 2022

Croatia has met all conditions to adopt the euro, say new reports from the European Commission and the European Central Bank.

Turkey halts talks with Greece as Erdogan cranks up hard power foreign policy

bne IntelIiNews June 1, 2022

Election clock is ticking on Turkish leader’s bid to win round Turks shocked by extent of economic crisis.

INTERVIEW: Ukraine calls for a total ban on all Russians travelling overseas

Jason Corcoran in Dublin June 1, 2022

Oleksii Makeiev, Ukraine’s Ambassador and Special Envoy for Sanctions, has called for a total ban on all Russian passport holders from travelling overseas in a potential major escalation of punitive measures imposed since the invasion in February.

Croatia’s Rimac Group raises €500mn in series D investment round

bne IntelliNews June 1, 2022

Croatian electric hypercar producer valued at over €2bn after funding round led by SoftBank Vision Fund 2 and Goldman Sachs Asset Management.

Belarus drastically eases entry restrictions for foreigners

bne IntelliNews June 1, 2022

Belarus drastically eases entry restrictions for foreigners in an attempt to bolster tourism revenues. Apart from more people from neighbouring countries coming to visit friends and family, the Belarus' international isolation continues to increase.