News

Plans for higher water taxes threaten to push down Hidroelectrica valuation ahead of IPO

Iulian Ernst in Bucharest March 25, 2021

Romanian hydropower group Hidroelectrica could pay 55% higher taxes for the water it uses under amendments currently under debate in the parliament.

Czech car producer Skoda halves profit in 2020

bne IntelliNews March 25, 2021

VW subsidiary still manages to increase domestic and European market shares.

Montenegro's government accuses chief special prosecutor of blocking probes into President Djukanovic

Denitsa Koseva in Sofia March 24, 2021

At least four corruption probes involving the president are on chief special prosecutor Milivoje Katnic's desk, claimed Deputy PM Dritan Abazovic.

Opposition leader Djilas files charges against Serbia's president

Eldar Dizdarevic in Sarajevo March 24, 2021

Dragan Djilas fights back in media war over offshore companies as leading politicians position themselves ahead of next year’s presidential and parliamentary elections.

Russia has “no relations with the EU”, Beijing closes ranks with Moscow

Ben Aris in Berlin March 24, 2021

Russian Foreign Minister Sergei Lavrov said that Russia has “no relations with the European Union”, as Beijing made a public display of closing ranks with Moscow in opposition to the US sanctions policy.

Slovak president calls for PM to resign to end government crisis

bne IntelliNews March 24, 2021

So far four ministers have resigned in the rolling cabinet crisis and parliament has been adjourned amid the growing chaos.

Polish writer faces prison for calling President Duda a 'moron'

Wojciech Kosc in Warsaw March 23, 2021

Prosecutors use contentious law on insulting the president to punish writer who ridiculed Duda's comments on US election.

Turkey’s debt ‘least appealing in EMs’

bne IntelIiNews March 23, 2021

Erdogan administration has lost its credibility for the medium term with latest firing of a central bank governor, says emerging markets head at AllianceBernstein in New York.

Conference addresses reform and regulation issues facing Tashkent Stock Market

Alisher Kalandarov in Tashkent March 23, 2021

Still very early days for Uzbekistan’s bourse. Investors need “fast, transparent and reliable data,” says US SEC commissioner.

Russian oligarch Abramovich sues Harper Collins and “Putin’s People” author for defamation

Ben Aris in Berlin March 23, 2021

Abramovich sues over allegation that President Vladimir Putin asked him to buy Chelsea FC as a means of extending Russia’s soft power.

Slovak Economy Minister resigns but coalition crisis rumbles on

bne IntelliNews March 23, 2021

SaS leader Richard Sulik says Prime Minister Igor Matovic must now fulfil his pledge to quit, but the two rivals still disagree about the balance of ministers in the cabinet.

Turkey’s banks “key source of vulnerability” amid lira strife

bne IntelIiNews March 22, 2021

Crunch point may soon arrive as lenders attempt to deal with large burden of short-term maturing FX external debts. These amount to $88.7bn, or 12.5% of GDP.

Bulgaria expels two Russian diplomats as spy scandal escalates

Denitsa Koseva in Sofia March 22, 2021

Sofia rounded up six Bulgarian nationals suspected of spying for Russia, which has a strong presence in the Southeast European country’s energy sector.

NBU on the defensive in war against Kolomoisky as deputy governor accused of embezzlement

Ben Aris in Berlin March 22, 2021

Investigators are looking into how the NBU shared information with corporate sleuths Kroll and others it hired to probe fraud at the oligarch's nationalised bank Privatbank.

Motor Sich assets impounded, state to take over control

bne IntelliNews March 22, 2021

A Kyiv court has impounded all assets and shares of the aerospace firm Motor Sich, as the government gets ready to "return the company to the people".

Kosovan parliament votes in new government led by Albin Kurti

Valentina Dimitrievska in Skopje March 22, 2021

Kurti returns to power after left-wing nationalist Vetevendosje's resounding election victory but faces tough tasks of responding to pandemic and appointing Kosovo's new president.

Russia’s cartoon Masha and the Bear becomes a top global entertainment brand

Ben Aris March 22, 2021

Russian cartoon Masha and the Bear has been ranked in the top three most popular children's entertainment brands in Europe, Africa and the Middle East, according to the Kidz Global international research agency.

Germany’s Merkel says Sputnik V purchases possible if EU fails to find alternative sources of vaccines

Ben Aris in Berlin March 22, 2021

Chancellor Angela Merkel concedes that Germany may buy the Russian-made Sputnik V vaccine if no alternative sources of vaccines are found soon.

Russia backs down from Twitter shutdown after the US network allegedly silences opposition voices

Ben Aris in Berlin March 22, 2021

The Russian government says it is “reconsidering” its policy to Twitter after it appears the US company started to close Russian opposition accounts.

Belarus President Alexander Lukashenko names possible successors

bne IntelliNews March 22, 2021

Belarusian President Alexander Lukashenko named former minister of the interior and presidential aide Yuri Karayev and former health minister Vladimir Karanik as possible successors if he were to stand down as president.

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