Czech beer company Plzensky Prazdroj records the highest sales in its history in 2018

bne IntelliNews May 28, 2019

Czech beer company Plzensky Prazdroj sold a record 11.5mn hectolitres of beer in 2018 in the Czech Republic and abroad, up by 4% year-on-year. Sales abroad stood at 4.3mn hectolitres, up by 4.5% y/y, the highest number in the company's history, accor

Legal battle over Ukraine snap elections snowballs

bne IntelliNews May 28, 2019

The Ukrainian Supreme Court has refused to consider a lawsuit challenging last week's President Volodymyr Zelenskiy’s decree on the nation's parliament's dissolution and call for early parliamentary elections.

Zelenskiy returns Ukraine citizenship to ex-Georgia president Saakashvili

bne IntelliNews May 28, 2019

New Ukrainian President Volodymyr Zelenskiy has reversed his predecessor Petro Poroshenko's decision to strip the citizenship held by former Georgian president Mikheil Saakashvili.

Russia plans another Eurobond this year, to pause buy back

bne IntelliNews May 28, 2019

Russia could sell another Eurobond this year denominated in euros or US dollars, the head of the Finance Ministry's debt department Konstantin Vyshkovsky told in an interview to Bloomberg on May 28.

Czechia sends representatives of populist ANO, neo-fascist SPD and Communists to European Parliament

Nelly Tomcikova in Prague May 28, 2019

Czech voters sent representatives from the ruling ANO party, fascist and communists to the European parliament at the European Union (EU) elections at the weekend.

Bosnia, Serbia warn of countermeasures against Kosovo if tariffs not removed by July 1

Denitsa Koseva in Sofia May 27, 2019

Damages to Serbian companies amounted to €1mn a day since the punitive 100% tariffs were imposed by Pristina last November, minister says.

Trump: ‘Toppling Iranian leadership not my aim and I think Tehran wants a deal’

bne IntelliNews May 27, 2019

Analyst responds that US president changes his mind within 24 hours and “wouldn’t be surprised to see him going to war with Iran tomorrow”.

Prison sentence for party leader caps disastrous day for Romania’s ruling PSD

bne IntelliNews May 27, 2019

Liviu Dragnea, arguably Romania’s most powerful politician, has been ordered to surrender to the police today after receiving a final 42-month sentence from the high court.

Ukrainian oligarch Kolomoisky seeks quarter of PrivatBank as part of amicable agreement

bne IntelliNews May 27, 2019

Controversial oligarch Ihor Kolomoisky is ready to sign an “amicable agreement” with the authorities over PrivatBank, owned by the businessman until it was nationalised in late 2016, in exchange for around 25% of shares in the bank.

Viktor Orban’s Fidesz party sweeps to victory at European Parliament election

bne IntelliNews May 27, 2019

Fidesz’ victory was never in doubt, but the results will lead to a reshuffling of the opposition landscape in the run-up to the municipal election in the autumn.

UPDATED: Double blow for Romania’s ruling PSD in justice referendum, European Parliament election

Carmen Simion in Bucharest May 27, 2019

PSD sees its share of the vote slump in European Parliament election, while voters resoundingly back a block on the party's controversial justice reforms.

Poland’s PiS cruises to victory in European election

Wojciech Kosc in Warsaw May 26, 2019

PiS regained momentum after polls appeared narrowed in the run-up to the vote, putting it in a strong position ahead of this autumn's general election.

Lithuanians pick new president in continuation vote

Wojciech Kosc in Warsaw May 26, 2019

The new head of state will be picked in a run-off vote between two largely centre-right contenders who are seen as likely to just fine-tune "Iron Lady" Dalia Grybauskaite’s legacy, not overturn it.

Shell expects substantial oil reserves at Shpiragu-4 well in Albania

bne IntelliNews May 26, 2019

Potential flow of several thousand barrels of oil per day, says Shell Upstream Albania, after carrying out drilling tests near Berat.

Launch of “Operation Broom” cleanup in North Macedonia marred by MP drug scandal

Valentina Dimitrievska in Skopje May 24, 2019

PM Zoran Zaev pledged to sack party and government officials who have performed poorly after voters punished the ruling coalition’s candidate for the government’s domestic failings in the recent presidential election.

European election in Poland a warm-up ahead of national vote

Wojciech Kosc in Warsaw May 24, 2019

Political parties have been doing their utmost to rally voters for the Sunday vote in hope that a good result will set off a wave on which they will ride to a victorious night this autumn, when the national election takes place.

Yields on Russian OFZ sovereign treasury bills fall to 9-month lows as foreign demand rises

Ben Aris in Berlin May 23, 2019

Russian Ministry of Finance ruble-denominated OFZ treasury bills were trading close to their highest levels in nearly two years in the first weeks of May.

Officials from nations “representing US” visited Iran says Iranian national security spokesman

bne IntelliNews May 23, 2019

“Message of power and resistance of Iranian nation was conveyed to them”. Ex-British navy chief, meanwhile, cautions Americans would need million or more soldiers to occupy Iran. Warns of Iraq War-style quagmire.

New Ukraine president under fire for proposal of referendum on peace with Russia

bne IntelliNews May 23, 2019

The team of Ukrainian President Volodymyr Zelenskiy is considering holding a referendum on concluding agreements with Russia to bring peace in the Donbas war, head of the presidential staff Andriy Bohdan said on May 21.

Ukraine's PrivatBank launches legal battle against its former owners in US court

bne IntelliNews May 23, 2019

Ukraine's PrivatBank, nationalised in late 2016, has instituted legal proceedings against its former owners, Ihor Kolomoisky and Gennadiy Bogolyubov, as well as "other individuals and companies", before a Court in Delaware in the US