News

Wave of anti-China protests poses dilemma for Kazakhstan’s new president

bne IntelliNews September 5, 2019

Many ordinary Kazakhs who see the Chinese as an economically invasive force of no benefit to them want Kassym-Zhomart Tokayev to cancel his upcoming visit to Beijing.

Hungarian PM's aspirations to designate EU enlargement commissioner fall through

bne IntelliNews September 4, 2019

Viktor Orban's track record in hollowing out democratic institutions and weakening the rule of law likely put pressure on the new European Commission president not to go ahead with nomination of Hungarian ex-justice minister Laszlo Trocsanyi.

Fitch warns political turmoil impairs Romania’s capacity to pursue needed economic adjustments

bne IntelliNews September 4, 2019

The break-up of Romania's governing coalition increases political uncertainty ahead of a busy electoral calendar and amid a backdrop of rising macroeconomic imbalances.

Ukraine government sees 40% GDP growth in five years, triggers worries over debt repayment

bne IntelliNews September 4, 2019

Ukrainian Prime Minister Oleksiy Honcharuk expects that Ukraine's GDP will grow by 5% in 2020, and over the next five years the government will ensure that the economy grows by "at least 40%"

Czech billionaire Petr Kellner’s Home Credit is one step closer to Hong Kong stock exchange listing

Nelly Tomchikova in Prague September 4, 2019

Hong Kong Stock Exchange Listing committee has given the green light to Czech consumer lender Home Credit of Czech billionaires Petr Kellner and Jiri Smejc to IPO on the exchange, daily E15.cz reported on September 2.

Hungary tops OLAF fraud statistics

bne IntelliNews September 3, 2019

The European Anti-Fraud Office carried out the highest number of investigations in Hungary among EU members last year and closed the most cases with recommendations.

Russia's Rosneft oil major claims Druzhba crisis still unresolved

bne IntelliNews September 3, 2019

Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.

UK-based Dechra shifts testing operations to Croatia, Netherlands ahead of Brexit

Clare Nuttall in Glasgow September 3, 2019

Veterinary medicine company with two centuries of history in England moves analytical testing operations abroad as part of its preparations for a hard Brexit.

State prosecutor makes u-turn in investigation into Czech PM

Nelly Tomcikova in Prague September 3, 2019

Prime Minister Andrej Babis has been facing an investigation over alleged European subsidies fraud in the Stork's Nest case for the past four years. Now the state prosecutor has changed his mind and suggested his supervisors halt the probe.

New Ukraine government pledges to launch land market in 2020

bne IntelliNews September 3, 2019

Newly elected Ukrainian Prime Minister Oleksiy Honcharuk has pledged to liberalise the nation's land market in Ukraine by the middle of the next year.

Georgia’s PM resigns, says he “fulfilled my mission”

Iulian Ernst in Bucharest September 3, 2019

Speculation that Mamuka Bakhtadze’s departure is related to intrigue surrounding nation’s flagship infrastructure project, Anaklia deep-sea port.

KPMG says Moldovan investor falsified financial statements to claim $500mn from Kazakhstan

Iulian Ernst in Bucharest September 3, 2019

Auditor’s decision to withdraw three years of reports is likely to change the outcome of the $500mn international legal battle between businessman Anatol Stati and the Kazakh state.

Turkey looks at buying Russian Su-57 fighter jets after US F-35 rebuff

bne IntelliNews September 2, 2019

Analysts warn of “slippery slope” with Ankara taking ‘Eurasian option’ of staying in Nato but deepening ties with Russia and Iran.

Russian crab licences redistribution to bring state at least $2bn

bne IntelliNews September 2, 2019

The value of new licences for crab fishing in Russia stands at RUB125.5bn ($1.9bn), Vedomosti daily reported citing the documents by the Ministry of Agriculture and approved by the Prime Minister Dmitry Medvedev.

New Ukraine foreign minister seeks Donbas peace within six months

bne IntelliNews September 2, 2019

Ukraine's newly appointed Foreign Minister Vadym Prystaiko is going to secure " a new page in the peace process" over the Donbas crisis within the next six month.

VW ‘one tax pledge away from choosing Turkey over Bulgaria for €1bn plant’

bne IntelliNews August 30, 2019

Erdogan administration reportedly trying to come up with formula that would not hit other automakers on market ravaged by recession.

Slovakia to block EU trade deal with Mercosur countries over Brazil's approach to Amazon

Nelly Tomchikova in Prague August 30, 2019

EU should use all available platforms to force Brazil to change its behaviour, says Slovak Agriculture Minister Gabriela Matecna.

Turkey’s Koc Holding confirms talks after report partner Unicredit is sizing up possible sale of Yapi Kredi Bank stake

Akin Nazli in Belgrade August 29, 2019

Shares in lender nosedive. Koc likely keen to avoid SPO that would hurt bank’s market value and reputation.

19 arrests made in “Kruja Highland” anti-drug operation in Albania

bne IntelliNews August 29, 2019

The Albanian government says large-scale cannabis plantations have been wiped out in the last few years, but the fight against drug cultivation continues.

Russian Aquaculture fishing major boosts sales 16-fold in 1H19

bne IntelliNews August 29, 2019

Russian Aquaculture boosted its turnover 16-fold year-on-year to RUB4.9bn ($73.6mn) under IFRS and emerges as a major player in the sector after only three harvests

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