News

Czechia paid five times more for energy imports from Russia than it spent on aid to Ukraine

Albin Sybera April 17, 2024

The amount of money Czechia spent on Russian energy imports until the end of 2023 could finance more than three weeks of Russian fighting in Ukraine.

Russia's AvtoVAZ to start exporting Lada cars to Iran in 2024

bne Tehran bureau April 17, 2024

Russian carmaker AvtoVAZ is set to return to the Iranian market after a 25-year hiatus, the company’s president, Maxim Sokolov, has said, ignoring Middle East tensions.

Dubai airport, city and roads still underwater from historic floods

Deema Kanaani in Dubai April 17, 2024

Dubai witnessed "chaos" on April 17, with continued road closures and travellers urged not to come to the airport, a day after a storm accompanied by rains flooded large portions of the city.

Russian missile attack kills over a dozen people in Chernihiv, Ukraine

bne IntelliNews April 17, 2024

At least 14 people were killed and over 60 others injured, including two children, as Russian forces launched a devastating missile attack on the city of Chernihiv on the morning of April 17, according to reports from the Prosecutor General's Office

Sick-looking Iranian president warns Israel of 'strong response'

bne Tehran bureau April 17, 2024

Iranian President Raisi looks ill in cabinet meeting

Tension mounts as Georgian riot police clash with protesters over foreign agents bill 2.0

Tornike Mandaria in Tbilisi April 17, 2024

Charles Michel, head of the European Council, emphasised that the draft law contradicts Georgia's EU accession trajectory.

Shutdown of controversial far-right conference in Brussels triggers debate over free speech

Tamas Csonka in Budapest April 17, 2024

The conference demonstrates the spread and rise of the radical right, which could become the third largest force in the European Parliament in June.

Pro-Kremlin Voice of Europe resumes operations from Kazakhstan

bne IntelliNews April 17, 2024

Media platform that has promoted far-right EU politicians was expelled from Czechia last month.

Creditors of Liberty Steel Ostrava greenlight restructuring plan

Albin Sybera April 17, 2024

Creditors vote to eject biggest of them, power supplier Tameh Czech, from the list of creditors.

US investor to build $1bn magnesium mining complex in Romania

bne IntelliNews April 17, 2024

First European magnesium mining project in a decade will ease continent's reliance on imports from China.

Russian peacekeeping forces reportedly leaving Nagorno-Karabakh

Cavid Aga in Baku April 17, 2024

Withdrawal would be a significant shift in the post-conflict landscape of the South Caucasus.

IMF says Estonia should take decisive steps to restore its competitiveness

Linas Jegelevicius in Vilnius April 17, 2024

The slow start to 2024 means the economy will stagnate this year, but the recovery should gain further momentum in 2025, the IMF forecast.

Serbia’s President Vucic, the prophet of doom

bne IntelliNews April 16, 2024

The Serbian president has repeatedly warned that the world could be heading for the worst conflict since WW2.

Russia pushes Iran to release its sailor from captured Israeli container ship

bne Tehran bureau April 16, 2024

Iranian authorities said they would provide Russian embassy officials with access to its citizen who was captured as part of the crew of the Israeli-owned MSC Aries.

Israel's financial markets hold despite Iranian missile strikes and threat of regional war

Ben Aris in Berlin April 16, 2024

Israel's financial markets shrugged off the April 13 Iranian missile strikes, which will have a minimal economic impact in the short term, say analysts

Georgian Dream leader punched in head by MP amid uproar over return of “the Russian law"

bne IntelliNews April 16, 2024

President takes to social media to declare: "Georgia will not surrender to resovietisation."

Russia’s war economy boosted by rising oil prices

bne IntelliNews April 16, 2024

Brent crude oil prices remained near a six-month high this week, hovering around $90 per barrel amidst fears of an oil price spike driven by escalating geopolitical tensions in the Middle East.

US Speaker Johnson releases preliminary details of a new $43bn Ukraine aid package

bne IntelliNews April 16, 2024

US Speaker of the House Mike Johnson has released preliminary details of a new aid package for US allies that he says could be put to a vote this week.

Fiala meets Biden to discuss support for Ukraine

Albin Sybera April 16, 2024

US President praises Czech initiative to purchase ammunition for Ukraine outside the EU.

Hungary attracts Southeast Asian guest workers in growing numbers

Tamas Csonka April 16, 2024

At the same time CEE workers leave because of Hungary's low wages.

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