News

Ukraine parliament greenlights Ukrainian language bill

bne IntelliNews April 25, 2019

Ukraine's parliament, the Verkhovna Rada, adopted on April 25 a draft law on the Ukrainian language, which provides for the mandatory use of the national language by government agencies, local self-government and in other spheres of public life

Estonia’s president appoints coalition of centrists and far-right

Wojciech Kosc in Warsaw April 25, 2019

Despite losing the general election in March, Centre Party leader Juri Ratas will preside over a coalition government he managed to piece together with the highly controversial far-right EKRE party and the conservative Fatherland group.

Bulgaria probes EU-funded guest houses as "Apartmentgate" scandal widens

Denitsa Koseva in Sofia April 25, 2019

Revelations that top politicians had bought high-end apartments for a fraction of their value shocked Bulgaria. Now prosecutors suspect EU rural development funds were used to build luxury villas.

Turkey loath to replace Iranian oil with Saudi and UAE supplies under US sanctions pressure

bne IntelliNews April 25, 2019

Ankara has fraught relations with two countries Washington says it should rely on and is opposed to harsh US approach to Tehran. Turkish foreign minister notes Iran’s crude is cheaper.

Romanian MPs pass controversial changes to criminal legislation

Carmen Simion in Bucharest April 24, 2019

Changes to the criminal codes have been widely criticised for weakening the rule of law and Romania’s anti-corruption fight, sparking mass protests in the country and criticism from the EU and Romania’s foreign partners.

Russia eases path to citizenship for Ukraine's Donbas

bne IntelliNews April 24, 2019

Russian President Vladimir Putin signed an order simplifying the procedure for obtaining a Russian passport for residents of the rebel-controlled Donetsk and Luhansk regions of eastern Ukraine

Russian fast food operator Burger Rus plans IPO

bne IntelliNews April 24, 2019

Fast food was the fastest growing segment of the Russian catering market in 2018, a sector that is underrepresented on the equity market, which could raise investor interest.

China hits out at US over ‘no waivers’ policy on Iranian oil shipments

bne IntelliNews April 23, 2019

Iran’s oil minister says Trump will regret politicising crude supplies. Fuel price impact on American middle classes could be Tehran’s best hope of strategy failing.

Kazakh ruling party and Nazarbayev back Tokayev as election candidate

Nizom Khodjayev in Nur-Sultan April 23, 2019

Ballot box victory for interim president a foregone conclusion as authoritarian Kazakhstan has no real opposition parties.

Hungary's electric sports aircraft maker expands production

Levente Szilagyi in Budapest April 23, 2019

Magnus Aircraft will complete construction of a 5,000 sqm composite parts plant by the end of this summer to boost production of its flagship composite sports aircraft.

Russia’s Sberbank reportedly eyes media major Rambler, registers Sber trademark

bne IntelliNews April 22, 2019

Russia’s largest bank and digital economy powerhouse Sberbank plans to buy a stake in major internet media group Rambler controlled by Alexander Mamut, Vedomosti daily and RBC business portal reported on April 22 citing unnamed sources close to the d

Pro-western candidate leads slightly in first round of North Macedonia’s presidential election

Valentina Dimitrievska in Skopje April 22, 2019

Voting will go to second round as Stevo Pendarovski was less than one percentage point ahead of opposition candidate Gordana Siljanovska-Davkova in election that revealed deep divisions over country’s recent name change.

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