News

King of the castle: Gazprom shares soar, closing the gap with Russia’s most valuable company Sberbank

Ben Aris in Berlin June 1, 2019

Gazprom stocks soared 30% in a matter of days in May after the management doubled its dividend payout.

Netherlands asks EU to suspend visa free travel for Albanian citizens over organised crime concerns

bne IntelliNews June 1, 2019

Albanian citizens have been able to travel free to EU countries since December 2010, but Dutch MPs voted to suspend this citing the growing number of crimes committed by the Albanian mafia.

"Dirty diesel" cars still on the roads in Central, Southeast Europe

bne IntelliNews May 31, 2019

Across the EU just 10mn of the 43mn diesel cars and vans caught in the Dieselgate scandal have been recalled, and recall rates are lowest in the eastern EU members, finds Transport & Environment.

Moscow has the second fastest rising prices for luxury apartments in the world

bne IntelliNews May 31, 2019

The real estate market has begun to revive on the back of a nascent economic recovery and luxury housing is leading the way.

Ukraine ex-PM Tymoshenko seeks prime minister post

bne IntelliNews May 31, 2019

She has already been Ukraine’s Prime Minister twice and now the opposition firebrand Yulia Tymoshenko is seeking the office for a third time

Russia's Yandex.Taxi could launch helicopter flights

bne IntelliNews May 31, 2019

Russia's Yandex.Taxi taxi aggregator is in early talks to add helicopter transportation option to its application, Kommersant daily reported on May 30 citing unnamed sources close to negotiations between the company

Russia's retailer Magnit starts delivery testing

bne IntelliNews May 31, 2019

Russia's second-largest retailer Magnit launched delivery services from its stores in the southern city of Krasnodar, the company said on May 30. The collection and delivery is executed by local delivery company Broniboy.

Turkey raises €1bn from local lenders via 364-day euro lease certificates

Akin Nazli in Belgrade May 30, 2019

As country prepares for week-long holiday, geopolitical ‘messaging’ lifts lira and Erdogan camp prepares ground for Istanbul revote.

Ukraine court cancels central bank's move to exclude PwC from register of auditors

bne IntelliNews May 30, 2019

The Kyiv District Administrative Court has cancelled the decision of the National Bank of Ukraine (NBU) to exclude local operations of PricewaterhouseCoopers (PwC) from the register of audit firms that are eligible for bank audits.

Russian president Putin enacts capital Amnesty 3.0

bne IntelliNews May 30, 2019

Russian President Vladimir Putin signed a package of laws and decrees that prolong the ongoing capital amnesty and repatriation drive from June 1 2019 to February 29 2020, Vedomosti daily said on May 30 citing state legal information portal.

Hungary's second largest broadcaster confirms sale to oligarch

bne IntelliNews May 30, 2019

Businessman Jozsef Vida is to acquire TV2's media portfolio after its former owner Andy Vajna, the Hollywood producer and government commissioner for the film industry, died in January.

Brussels raises “deeper concerns over functioning” of Turkey’s market economy

bne IntelliNews May 30, 2019

Annual progress report on country's EU accession path says economic turmoil has exposed vulnerabilities built up over years.

EC recommends unconditional launch of accession talks with Albania and North Macedonia

Valentina Dimitrievska in Skopje May 29, 2019

European Commission says the two Western Balkan countries have delivered on reforms and urges EU governments to allow talks to begin.

IMF to resume talks with Ukraine after snap elections

bne IntelliNews May 29, 2019

The International Monetary Fund (IMF) is ready to discuss further cooperation with Ukraine after the nation's snap parliamentary elections scheduled for July, head of the IMF's mission Ron van Roden told President Volodymyr Zelenskiy on May 28.

Deripaska slams US Treasury Office of Foreign Assets Control memo accusing him of playing politics

Ben Aris in Berlin May 29, 2019

Russian metals magnate Oleg Deripaska said the evidentiary memorandum that set out OFAC's justifications for last year's April 6 round of sanctions was “full of false claims and factual inaccuracies”.

Romanian PSD moves to fix image after former leader sent to prison for corruption

Iulian Ernst in Bucharest May 29, 2019

PM Viorica Dancila announces steps aimed at re-establishing the credibility of the party, including with broad government and party reshuffles.

Russian business ombudsman Titov complains to Putin about the poor investment climate

Vadim Dumes in Paris May 29, 2019

Russian presidential ombudsman for business Boris Titov presented the annual report to the President Vladimir Putin, delivering a sharp criticism of the investment and entrepreneurship climate in the country, Vedomosti daily reported on May 28.

India ‘likely to resume taking Iranian oil exports’

bne IntelliNews May 28, 2019

New Delhi-based publication cites government official as saying re-elected Modi administration “is not keen” on the attempted US blockade of Iran’s crude.

Turkey’s top 500 saw 2018 profits wiped out by crisis-triggered financing costs says industry chamber

bne IntelliNews May 28, 2019

Debt ratio of big industrial companies climbed to 67%, the "most negative" on record.

Turkish government to tap additional TRY2.5bn from private pension funds

Akin Nazli in Belgrade May 28, 2019

Running out of gas in its bid to get a grip on Turkey’s tottering economy, Erdogan administration seizes on money market portfolios. And as clerics in Pakistan issue fatwa against dollar buying, Turks wonder “could it happen here?”

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