News

New faces but no break from the past expected from North Macedonia’s government in waiting

Valentina Dimitrievska in Skopje January 11, 2022

Opposition VMRO-DPMNE calls for snap election despite Dimitar Kovacevski's pledges to tackle energy crisis and solve dispute with Bulgaria to unblock EU accession process.

Sistema reported to be close to buying PPF's Russian Home Credit Bank

bne IntelliNews January 11, 2022

Sistema's Mobile TeleSystems mobile operator has been building up strong banking and fintech verticals after the incorporation of MTS Bank.

Russia reports poor harvest, Ukraine bumper crop in 2021

bne IntelliNews January 11, 2022

Droughts, death of winter crops and a shortage of migrant workers for seasonal field work hit Russia’s 2021 harvests, which was down to a three-year low, the Russian Ministry of Agriculture reports. Ukraine had one of its best harvests ever.

Dovish Romanian central bank raises interest rate by modest 25bp to 2.0%

Iulian Ernst in Bucharest January 11, 2022

The 25bp rate hike was smaller than analysts anticipated, and left Romania with the lowest refinancing rate among its peers.

Man portrayed as ‘foreign terrorist’ by Kazakh officials turns out to be visiting Kyrgyz musician

bne IntelIiNews January 11, 2022

Case adds to pressure on Central Asian country to prove unrest was very much work of groups abroad.

Kremlin-led bloc will crush any attempts at ‘colour revolutions’ says Putin in wake of Kazakhstan unrest

bne IntelIiNews January 11, 2022

Russian leader joins Kazakh president in describing violent unrest as work of foreign-backed terrorist groups

Heavy EU spending failed to improve rule of law in Western Balkans

bne IntelliNews January 10, 2022

Over €700mn spent to little effect in candidate and prospective candidate countries, finds European Court of Auditors.

Russia says no progress made during first day of security deal talks with US

Ben Aris in Berlin January 10, 2022

No progress was made during the first day of the Russo-US talks on Moscow's demand for legal guarantees of no more expansion of Nato and especially of Ukraine’s inclusion.

Court dismisses case against Polish writer for calling President Duda a 'moron'

Wojciech Kosc in Warsaw January 10, 2022

Case reignited the long-standing debate in Poland about limits of freedom of speech and the extent to which public figures are protected against criticism.

Norwigean fertiliser producer Yara initiates wind-down of its sourcing of Belarusian potash

bne IntelliNews January 10, 2022

Today, the Norwigean fertiliser producer Yara announced a wind-down in its sourcing of Potash from the Belarusian state-owned company JSC Belaruskali.

Bosnian Serbs celebrate unconstitutional Republika Srpska Day

Eldar Dizdarevic in Sarajevo January 10, 2022

Controversial celebration took place as Bosnian Serb politicians are seeking to remove Republika Srpska from state-level institutions, prompting fears about the breakup of Bosnia.

Russian troops could be gone within week from Kazakhstan, says Tokayev’s spokesman

bne IntelIiNews January 10, 2022

President steps up purge of security agency amid persistent speculation of clash with Nazarbayev clan.

Russian talks with the West over Nato expansion kick off

Ben Aris in Berlin January 9, 2022

The first round of talks between the West and Russia over cutting a new pan-European security deal for the next decades have kicked off in Geneva.

Kazakhstan: Masimov’s downfall, from the corridors of power to a jail cell

Joanna Lillis for Eurasianet January 9, 2022

Masimov has been arrested and charged with treason only days after being fired.

Kazakhstan’s former security services chief detained as rumours of palace infighting grow amid country’s unrest

bne IntelIiNews January 8, 2022

‘Grey cardinal’ Karim Masimov faces claims of high treason. Press secretary of ex-president Nursultan Nazarbayev, meanwhile, denies speculation the former leader has fled the country.

Albanian police use tear gas to disperse protest at opposition Democrats’ HQ

bne IntelliNews January 8, 2022

Supporters of Democrats’ former leader Sali Berisha forced their way into building as power struggle with current leadership turns violent.

Fugitive banker Ablyazov lays claim to filling opposition vacuum in Kazakhstan as president says forces will shoot-to-kill

bne IntelIiNews January 8, 2022

Tokayev seeks to delegitimise protests as “terrorist” but has provided no evidence to back claim that unrest results from foreign plot.

Inflows into EM and Russian securities resume after Christmas sell-off

bne IntelliNews January 7, 2022

Funds flows reversed and began flowing back into Russia’s securities following a sharp sell-off in the last two months of 2021 on the back of rapidly rising geopolitical tensions.

Romania’s central bank expected to hike refinancing rate on January 10

Iulian Ernst in Bucharest January 7, 2022

The rate hike in Poland earlier this week encouraged expectations for a similar move in Bucharest, where the BNR has been more cautious until now.

Kazakhstan upheaval impacts country’s banks, bonds, equities and uranium and oil industries

bne IntelIiNews January 6, 2022

Banks and stock market remain closed. Sovereign bond yields are hit. Uranium prices surge.

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