Kocharyan proposes Russia-style 'foreign agents' law for Armenia

Neil Hauer in Yerevan June 18, 2021

Opposition leader has also invoked the spectre of George Soros. Analyst says move might be attempt to play to apparent far-right groups among his base.

Romexpo real estate project exposes divisions within Romania’s ruling coalition

Iulian Ernst in Bucharest June 18, 2021

€3bn development is among an increasing number of topics where the centre-right coalition is failing to find common ground.

Montenegro's parliament finally approves budget for 2021

Denitsa Koseva in Sofia June 17, 2021

PM Zdravko Krivokapic strikes deal with unruly coalition partners by dropping amendment that would have allowed government to borrow €900mn for early loan repayments.

Moscow introduces mandatory coronavirus vaccination

Ben Aris in Berlin June 17, 2021

In what will be the most unpopular move since the state increased retirement ages, Moscow Mayor Sergey Sobyanin announced a mandatory vaccination scheme on June 16. The mayor’s decision comes as infection rates in the Russian capital soar.

Showman Slavi Trifonov’s vehicle edges ahead in polls before Bulgaria’s July general election

Denitsa Koseva in Sofia June 17, 2021

There Are Such People now has a narrow lead over ex-PM Boyko Borissov’s Gerb but as race tightens its unclear whether political newcomers will manage to secure a majority.

Russian government tweaks 50% dividend payout rule for state companies

bne IntelliNews June 17, 2021

Russia's Prime Minister Mikhail Mishustin signed a new order on dividend payments for state companies, which brings clarifications to adjusted net income calculations for paying at least 50% of IFRS net profit, Izvestia reports.

Putin and Biden meet in Geneva for "constructive" talks

bne IntelliNews June 17, 2021

Russian President Vladimir Putin and US President Joe Biden held three hours of “constructive” talks in Geneva, although few details were released.

Porsche Engineering the latest to set up in Romanian auto-manufacturing hub Timisoara

Iulian Ernst in Bucharest June 16, 2021

News of Porsche Engineering’s second Romanian R&D site follows investment announcements from components producers Dräxlmaier and Continental.

Albania introduces new high denomination banknote as demand for cash grows

bne IntelliNews June 16, 2021

Pandemic further boosted demand for cash that was already pushed up by combination of economic growth and low banking penetration.

Leaders of Serbia and Kosovo fail to make progress in normalisation dialogue

Valentina Dimitrievska in Skopje June 15, 2021

Serbian President Aleksandar Vucic says there was nothing the two sides could agree on at meeting with Kosovan PM Albin Kurti.

Erdogan pays historic visit to post-war Nagorno-Karabakh

bne IntelIiNews June 15, 2021

Analysts will watch for any continuation or further toning down of Turkey's aggressive foreign policy in wake of Turkish president's meeting with Joe Biden.

Turkey, China in firing line as Biden holds summit with Nato allies

bne IntelliNews June 15, 2021

Nato leaders designated China as presenting “systemic challenges” in a communiqué issued after a one-day summit in Brussels on June 14, as US President Joe Biden continued his tour through Europe.

Hungary’s most powerful oligarch says he is just a lightning rod for attacks on Orban

bne IntelliNews June 14, 2021

Hungary’s opposition is putting Meszaros at the centre of its campaign in what promises to be the closest elections since 2002.

US sanctions on Russia’s OFZ local debt come into force

bne IntelliNews June 14, 2021

The US sanctions imposed on April 15 that bar US investors from buying Russian Ministry of Finance ruble-denominated OFZ treasury bills in primary auctions come into force on June 14.

Moscow back on lockdown as coronavirus infection rate surges again

bne IntelliNews June 13, 2021

Moscow Mayor Sergey Sobyanin put the Russian capital back into lockdown after an alarming surge in the coronavirus infection rate, which has seen some hospitals back at full capacity.

Lukashenko pushing illegal Iraqi refugees over the border into Lithuania

bne IntelliNews June 13, 2021

Belarus' President Alexander Lukashenko is transporting Iraqi immigrants to Minsk and helping them illegally cross the border into Lithuania, as he makes good on a threat to “flood the EU with drugs and refugees.”

Belarus is the “North Korea” of Europe, says US diplomat

bne IntelliNews June 11, 2021

The barred US ambassador to Belarus, Julie Fisher, called Belarus the “North Korea of Europe” in testimony before a US Senate Foreign Relations Committee hearing.

European commissioner confirms €30bn EU investment plan for Western Balkans

bne IntelliNews June 11, 2021

Plan will only be effective if region works together Oliver Varhelyi tells summit marred by verbal clash between prime ministers of Serbia and Kosovo.

Merger between Moneta Money Bank and Air Bank in trouble after proxy firms come out against

bne IntelliNews June 11, 2021

Proxy voting firms Glass Lewis and Institutional Shareholder Services have recommended Moneta Money Bank shareholders vote against the acquisition of PPF´s Air Bank, Czech and Slovak Home Credit and Benxy.

MPP's Khurelsukh wins landslide victory in Mongolia’s presidential election

bne IntelIiNews June 10, 2021

Party now commands presidency as well as supermajority in parliament.