News

Russia rejoins grain deal after threatening to pull out

Dominic Culverwell in Berlin November 2, 2022

Russia has reversed its recent threats and will resume the Black Sea grain deal just days after suspending its involvement following a strike on its fleet in Crimea.

Serbia reaches €2.4bn stand-by arrangement with IMF

Valentina Dimitrievska in Skopje November 2, 2022

New arrangement to help Serbia with emerging external and fiscal financing needs in the current "challenging global economic environment", IMF says.

Serbian army shoots down drone near Kopaonik

bne IntelliNews November 2, 2022

Unmarked drones were spotted over Serbian territory, entering from the direction of Kosovo.

Russia mulls Gosplan 2.0 Soviet state orders system

bne IntelliNews November 2, 2022

Russia is mulling reviving the Soviet system of state-controlled supply-side market management, or Gosplan, albeit currently only for the needs of the industrial military complex and the invasion of Ukraine.

Czechia moves closer to passing new public media legislation

Albin Sybera November 2, 2022

Government bill is designed to strengthen the independence of public media and prevent the kind of pressure on them from parliament-appointed boards that has been criticised by international journalist organisations.

Yuriy Vitrenko, head of Naftogaz, resigns

Dominic Culverwell in Berlin November 2, 2022

The chairman of Naftogaz, Ukraine’s largest national oil and gas company, will step down from his position on November 3, the Kyiv Independent reported on November 1.

Ukraine and the West call Moscow's bluff on grain deal suspension, but will Russia retaliate?

Dominic Culverwell in Berlin November 2, 2022

Ukraine is continuing to ship grain from its ports despite Moscow threatening to pull out of the Black Sea Grain Initiative after Russian warships were hit in a drone strike last week.

Azerbaijan cracks down on alleged armed group backed by Iran

bne IntelliNews November 2, 2022

Regime arrests 19 members of group it says was founded and funded by Azerbaijani Shia Islamist group Huseyniyyun.

Nokian Tyres to build €650mn plant in Romania after quitting Russia

Iulian Ernst in Bucharest November 2, 2022

The plant will serve the Central Europen market after the group initiated a controlled exit from Russia where it used to produce 80% of its passenger car tyres.

Poland says Koreans should build its second nuclear power plant

Wojciech Kosc in Warsaw November 1, 2022

Government now talking about building three nuclear power plants, with two reactors each.

Latvia becomes first EU country to enter recession

Linas Jegelevicius in Vilnius November 1, 2022

Compared to the second quarter of 2022, GDP fell by 1.7%, while y/y the economy contracted by 0.6%.

Czech holiday weekend sees a clash of demonstrations over Ukraine

Albin Sybera in Prague November 1, 2022

Third pro-Russian demonstration smaller than the previous rallies and was followed by a slightly larger demonstration “against fear” and in support of Ukraine.

Transnistria threatens to cut off Moldova's electricity supplies

Iulian Ernst in Bucharest November 1, 2022

Moldova has failed to sign a contract with MoldGRES in separatist Transnistria, leaving the country short of power and facing blackouts.

Putin's negotiations with Armenia and Azerbaijan don't bring any concrete results

Ani Mejlumyan in Yerevan, Cavid Aga in Baku November 1, 2022

The Sochi summit underscored Russian efforts to regain the initiative in the Armenian-Azerbaijani negotiating process from the EU and US.

Public mass trials to open in Tehran for 1,000 arrested amid Iran unrest

bne IntelIiNews November 1, 2022

Ukraine, meanwhile, makes case that Fifa should expel the Iranian football team from the upcoming Qatar world cup finals.

US Supreme Court rules plaintiffs can sue Turkey over Erdogan security detail’s 'brutal brawl' with protesters

bne IntelIiNews October 31, 2022

Anti-Turkish regime activists were badly beaten in 2017 melee that followed talks between Donald Trump and Turkey's strongman leader.

Ukraine’s attack on Sevastopol is a world first

Gav Don October 31, 2022

Kyiv has claimed two hits on Russian navy surface ships following an innovative attack by seven unmanned surface vessels on Russia’s fleet base at Sevastopol. At present Moscow is admitting to a single hit, on a mine countermeasures vessel.

Andrej Babis to stand for Czech presidency

Albin Sybera October 31, 2022

Controversial populist billionaire and former premier had scattered hints in recent months that he would propose another member of his party to stand, as opinion polls showed that he would lose a run-off.

Poland picks Westinghouse Electric to build first nuclear power plant

Wojciech Kosc in Warsaw October 31, 2022

US company chosen ahead of France’s EDF and the Korean company KHNP.

Russia suspends Ukraine grain export deal following “massive” drone attack on Black Sea fleet

bne IntelliNews October 31, 2022

Russia has suspended the Istanbul grain deal signed in July that has allowed Ukraine to export its grain around the world, claiming Ukrainian had carried out a “massive” terrorist drone attack on Russia’s Black Sea fleet.

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