News

Kremlin issues warning after Kyiv uses Turkish drone in eastern Ukraine strike

bne IntelIiNews October 27, 2021

Bayraktar T2B said to have destroyed Russian-made howitzer in separatist-controlled area. Russia says uses of battlefield technology risks destabilising conflict situation.

Taiwan eyes economic representation in Vilnius by the end of 2021

Linas Jegelevicius in Vilnius October 27, 2021

Visit took place at a low point in relations between Vilnius and Beijing, with the latter vehemently opposing attempts to recognise Taiwan internationally.

Poland moots plans to make its army one of Nato’s largest

Wojciech Kosc in Warsaw October 27, 2021

Poland plans to more than double the size of its military to at least 250,000 troops, the country’s defence ministry said.

Constitutional Court ruling goes against key Bulgarian political player Petkov ahead of general election

Denitsa Koseva in Sofia October 27, 2021

Kiril Petkov, seen as a contender to become Bulgaria’s next prime minister, was found to have broken the law by holding dual citizenship while serving as caretaker minister.

Owner of Russian wine retailer Red & White to top IPO boom

bne IntelliNews October 27, 2021

Valuation of Mercury Retail, which owns Red & White and the Bristol food retail chain, could be as high as $20bn-25bn.

FX outlets in Turkey to stop trading in protest at new ID rule

bne IntelIiNews October 27, 2021

Government made move amid fresh wave of lira depreciation that took currency to just short of 10 to the dollar.

Romania’s Blue Air to stick to London IPO plan despite failed reverse takeover

Iulian Ernst in Bucharest October 27, 2021

Ridgecrest terminated talks on a possible takeover of Romanian low-cost airline Blue Air, but the airline still plans to press ahead with a London IPO in 2022.

From blue chips to green energy, new SPB index reveals the complex tastes of Russian retail investors

Theo Normanton in Moscow October 27, 2021

The SPB100 Index has been launched on the St Petersburg-based SPB Exchange. Trading started yesterday in the index that records the performance of prime stockpicks from Europe, America and Asia in the portfolios of Russian retail investors.

Slovenia’s economy shows signs of slowdown

Valentina Dimitrievska in Skopje October 26, 2021

As recovery continues, Slovenia is running up against the constraints of shortages of raw materials, intermediate products and skilled workers, central bank warns.

Kazakhstan turning ‘blind eye’ to Chinese corporate polluters – watchdog

Eurasianet October 26, 2021

Government agencies and Kazakh-Chinese companies are using the pandemic to shield themselves from scrutiny.

Moldova looks beyond Russia for natural gas supplies

Iulian Ernst in Bucharest October 26, 2021

As Moldova struggles to strike a new natural gas deal with Russia’s Gazprom, Chisinau has mandated state-owned company Energocom to buy additional gas from EU countries.

Taiwan launches big trade mission to Czechia and Slovakia

bne IntelliNews October 26, 2021

Visit is symbolic of the resurgence of links between the countries and Taiwan, and the downgrading of ties with China.

Sudden spike in coronavirus infections in Croatia and Slovenia

Clare Nuttall in Zadar Croatia October 25, 2021

Officials urge people to observe restrictions and get vaccinated as infections rise sharply.

Serbian President Vucic reins in Dodik to calm situation in Bosnia

Eldar Dizdarevic in Sarajevo October 25, 2021

Meeting between Bosnian Serb leader and Serbian president held after rising tensions in Bosnia following Milorad Dodik's announcement that Serbs would withdraw from joint state-level institutions.

Hungary marks anniversary of anti-Soviet uprising in high-pitch campaign mode

bne IntelliNews October 25, 2021

Hungarian election campaign starts early as Orban warns of Soros-led plot to return puppet master Gyurcsany to power.

Russia's CBR ramps up key rate to 7.5% in hawkish move

bne IntelliNews October 25, 2021

The board of the Central Bank of Russia resolved to increase the key interest rate by 75 basis points to 7.5% at the policy meeting of October 22, making a hawkish move that surprised the market.

Erdogan orders 10 western ambassadors declared persona non grata after ‘impudent’ Kavala release call

bne IntelIiNews October 23, 2021

Move may prove to be nothing more than rhetoric. An election is not far off and Erdogan, under pressure on many fronts, is floundering in the opinion polls.

Rare 'rat king' found in Estonia

bne IntelliNews October 22, 2021

It is likely that it is just the second registered finding of such a phenomenon in the world this century – and the last one was also in Estonia.

Russia's Renaissance Insurance raises $250mn in IPO

bne IntelliNews October 22, 2021

Russian insurance company Renaissance Insurance Group announced the final price for its initial public offering (IPO) on Moscow Exchange of RUB120 ($1.69) per ordinary shares and completed its IPO on October 21.

Romania’s president appoints General Nicolae Ciuca as second PM-designate

bne IntelIiNews October 22, 2021

Ruling PNL party plans to form a minority cabinet with the support of the ethnic Hungarian UDMR, and without their former partners, the USR.

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