Political turmoil triggers interest rate normalisation cycle in Romania

Iulian Ernst in Bucharest October 5, 2021

A couple of hours before the fall of Florin Citu's government, the National Bank of Romania hiked the monetary policy interest rate by 25bp to 1.5%.

Romanian parliament votes to dismiss Florin Citu's government

Iulian Ernst in Bucharest October 5, 2021

After MPs vote to oust Citu, it's unclear how a new government could be formed by the current parliament, and early elections cannot be ruled out.

Serbia joins Clearstream, opening up domestic securities market to foreign investors

Eldar Dizdarevic in Sarajevo October 5, 2021

Clearstream included the Serbian capital market in its global network, enabling foreign investors to directly settle dinar-denominated government bonds.

Czech police to investigate allegations in Pandora Papers against Prime Minister Andrej Babis

bne IntelliNews October 5, 2021

Premier bought French chateau through secret loan from offshore companies but denies tax evasion.

New OCCRP Pandora Papers leak reveals more details of secret financial networks of New Europe’s elite

Ben Aris in Berlin October 4, 2021

A new leak of millions of documents dubbed the Pandora Papers has revealed more details of the use of offshore companies by the elite of New Europe, detailing their ownership of hundreds of millions of dollars of assets.

Latest poll before Czech general election shows potential stalemate

bne IntelliNews October 3, 2021

Prime Minister Andrej Babis embarrassed by Panama Papers disclosure that he acquired French chateau through offshore companies.

Ukraine claims Gazprom gas deal with Hungary is “use of gas as a weapon”, demands sanctions

Ben Aris in Berlin October 2, 2021

National gas company Naftogaz and the pipeline operator Gas Transmission System Operator of Ukraine claimed on October 1 that last week’s deal by Russia’s Gazprom to supply Hungary is use of gas as a "weapon" and have called for sanctions.

Dobrev could face uphill battle in Hungary's opposition run-off

bne IntelliNews October 1, 2021

Third placed candidate Marky-Zay and Budapest Mayor Gergely Karacsony will decide next week which of them should withdraw to give the other a clear run against Dobrev.

Fire rips through Romanian COVID-19 ward killing seven

Iulian Ernst in Bucharest October 1, 2021

Third deadly fire breaks out in a Romanian COVID-19 hospital as government struggles to manage the fourth wave of the pandemic.

Kremlin responds to opposing troops building up on Tajikistan-Afghanistan border

bne IntelIiNews October 1, 2021

It meanwhile emerges that US is in talks on using Central Asian bases for over-the-horizon counter-terrorism operations in Taliban-controlled nation.

Russian IT major Softline to hold IPO, use cash for M&As

bne IntelliNews October 1, 2021

The international digital transformation and cybersecurity solution and service provider has announced that it plans to list on the London Stock Exchange.

Poland extends state of emergency on border with Belarus until end of November

Wojciech Kosc in Warsaw October 1, 2021

Government weaponises refugees as threat to Poles, while opposition accuses it of violating international law by not allowing them to file for protection.

Czech central bank hikes interest rates to 1.5%

bne IntelliNews October 1, 2021

Bank board defies government by raising rates by 75 bps, the largest increase in 24 years.

Taliban and Tajikistan engage in sabre-rattling

Eurasianet October 1, 2021

Dushanbe has irked the Taliban by offering a haven to its foes.

Serbia and Kosovo strike temporary deal

Valentina Dimitrievska in Skopje September 30, 2021

Standoff to end in northern Kosovo after officials reach agreement ending crisis sparked by Kosovo's new rules for car number plates.

Journalists threaten strike over resignation of Slovenian news agency director

Valentina Dimitrievska in Skopje September 30, 2021

PM Janez Jansa’s rightwing government cut off funding for Slovenian news agency STA in 2020, sparking criticism from the European Commission and international media watchdogs.

Erdogan says Turkey looking at fighter jet, submarine and more nuclear cooperation with Russia

bne IntelIiNews September 30, 2021

Turkish president may be trying to force Washington to cut his regime some slack. Biden ambassador nominee for Ankara has said he will push Turkey to “live up to its status as a Nato ally”.

Klara Dobrev wins first round of historic Hungarian opposition primary but run-off could be nailbiter

bne IntelliNews September 30, 2021

Budapest Mayor Gergely Karacsony and independent Peter Marki-Zayare also set to make the cut to be opposition candidate to face Hungarian strongman Viktor Orban.

Iran alludes to Baku’s relations with Israel as it defends war games by Azerbaijan border

bne IntelIiNews September 29, 2021

Tehran, peeved at military exercises involving Azerbaijani, Turkish and Pakistani forces, appears to have resorted to sabre-rattling.

EU and US officials try to defuse Kosovo-Serbia tensions

Valentina Dimitrievska in Skopje September 29, 2021

Representatives of both sides in Brussels for talks after Pristina's decision to make Serbian drivers to replace their plates with temporary ones to enter Kosovo elevated tensions in northern Kosovo.