Lukashenko says he may quit as president
Belarus hits EU with tit-for-tat sanctions
Belarusian police introduce colour-coded torture system for detained protesters
Kremlin publicly condemns Belarusian police brutality in hint of growing frustration with Lukashenko
Russian services PMI rises to 48.2, but remains underwater as recovery continues to slow
Russia to start mass vaccinations on December 7
Azerbaijan’s Aliyev calls on Armenia, Russia, Turkey and Iran to assist in creating Nakhchivan land corridor
FPRI BMB Russia: Sberbank releases a three-year transformation strategy to e-commerce concern
Ukraine’s banking sector continues recovery, but profits still lagging last year
Ukraine’s real wages up over 10% in October but have been stagnant in dollar terms for almost a year
FPRI BMB Ukraine: Public has confused opinions on resolving the Donbas conflict
Western Balkans plus Ukraine subsidised coal with over €900mn in 2018-2019
Estonian parcel robot firm Cleveron eyes €30mn state loan
Estonia’s chief auditor says €1bn in state COVID-19 loans issued haphazardly
Economic sentiment in CEE falls in November as recovery momentum splutters
Estonian animation studio Imepilt to hold IPO
Brighter days ahead: The economic bounce back in 2021
Central, Southeast Europe stock markets jump in anticipation of COVID-free future
VISEGRAD BLOG: An easing of trade tensions but still an uncertain situation for export-oriented Central Europe
Hungary's PM risks isolation as Poland mulls dropping EU budget veto
Poland ready to back down from veto of EU budget
Hungary's ruling party in damage control mode after MEP sex scandal bombshell
Poland’s PMI remains stuck just above the improvement line at 50.8 in November
Czech companies dominate this year’s Deloitte Technology Fast 50 CE
Coronacrisis to get worse before it gets better forecasts wiiw
EU diplomats say no chance of Bulgaria removing veto for Skopje to start EU accession talks
IMF says downside risks to Albanian economy are increasing
EU ministers fail to agree on launch of accession talks with Albania and North Macedonia
Western Balkans commit to green agenda and regional common market at Sofia summit
Bosnia’s opposition ousts nationalist parties in major cities
Bosnia’s main ethnic parties fight to hold onto power in local elections
Southeast Europe’s EU members to get biggest boost from next budget and recovery funds
Bulgaria imposes 3-week lockdown to slow down COVID-19 spread
CEE politicians highlight trade and security ties as they congratulate Biden
Breakaway Transnistria fully under Sheriff’s control as Obnovlenie party sweeps board in parliament election
Moldova’s presidential election is over, now the battle for the parliament begins
Moldova’s foreign policy reset
Russian establishment quick to congratulate Moldova's new president-elect
Rising COVID-19 cases put intense pressure on CEE healthcare systems
MEPs urge European Commission to act against Hungarian media financing in North Macedonia and Slovenia
North Macedonia mulls decriminalising cannabis to boost tourism
Retail surpass pre-crisis peak as Romanians shop instead of holiday
Romania’s stability election
Romanian venture capital firm Catalyst launches new €40mn-50mn fund for TMT
The state is back in business
Slovenian PM Jansa stands alongside Hungary and Poland in EU rule of law row
BEYOND THE BOSPORUS: Turkish number crunchers deliver November inflation surprise of 14%
Erdogan needs to go says analyst assessing Turkey’s economic collapse
Ukraine strikes deal with Turkey to produce killer drones instrumental in Karabakh conflict
In Karabakh deal, as many questions as answers
Protesters flood Yerevan demanding Armenia’s “traitor” PM quit over Nagorno-Karabakh surrender
Who emerge as the real winners from the bloody Nagorno-Karabakh conflict?
Below average 2020 wine production destined for volatile and uncertain global market
Iran calls on Saudis to limit $67bn defence spending to Tehran’s $10bn
Iranian prosecutors pledge to pursue Trump for Soleimani killing even after he leaves White House
No reaction from Kazakh elites as bombshell FT report says Nazarbayev’s son in law siphoned millions from pipeline scheme
UK court freezes $5bn in assets connected to fugitive Kazakh banker Ablyazov
Attack of the Debt Tsunami: global debt soars to a new all-time high
Kyrgyzstan's proposed new constitution provokes widespread revulsion
Kyrgyzstan's China debt: Between crowdfunding and austerity
CFC joins RWC in assessing KAZ Minerals buyout offer as under-valuation
China business briefing: Not happy with Kyrgyzstan
Mongolian coal exports to China paralysed as Beijing demands virus testing of truck drivers
Mongolia fears economic damage as country faces up to its first local transmissions of coronavirus
Mongolia in lockdown after suffering first local coronavirus transmissions
Mongolia’s wrestling culture: From the grasslands to the cage
No surprises in Tajikistan as Rahmon retains presidency with 91% of vote
A Tajikistan poised on verge of economic calamity set for vote
Tajikistan revives on-off dispute with Iran
Turkmenistan: The dammed united
Turkmenistan: Everybody yurts, sometimes
Dirty money investigation reviews identified payments worth $1.4bn linked to Turkmenistan
Uzbekistan unveils extensive privatisation programme
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Volkswagen has reportedly postponed its final decision on whether to build a $1.1bn car plant in Turkey as international criticism of the country’s military operation in Syria mounts, causing the carmaker to worry about potential reputational fallout should it commit to the investment.
If Turkey loses the investment, it will come as a significant blow to Turkish President Recep Erdogan, who only two weeks ago ordered senior officials in his ruling Justice and Development Party (AKP) to switch to Volkswagen's Passat model as a demonstration of Ankara’s willingness to help make a success of the plant for the auto giant. VW was also considering selecting Bulgaria as the potential location for the plant, but in recent months Turkey became the hot favourite to land it.
“We are carefully monitoring the current situation and look with concern at current developments,” a VW spokesman was quoted as saying by Reuters on October 15.
Erdogan, right, pictured on October 15 looking slightly distracted while meeting Kyrgyz President Sooronbay Jeenbekov in Baku, Azerbaijan, for the 7th Summit of the Turkic Council (Credit: Turkish Presidency).
Earlier this month, Volkswagen went through the technical necessity of establishing a subsidiary in Turkey’s western Manisa province to pave the way for the investment, even though it said it was still in the final stages of negotiation and that it had not made a final decision on whether to build the factory.
Volkswagen supervisory board member Stephan Weil, prime minister in Lower Saxony where the carmaker is based, told Reuters that he could not imagine that Volkswagen would make an investment given the current circumstances. Lower Saxony is an influential voice at the carmaker with a 20% shareholding.
“I have the impression that my view is shared by several other people in the supervisory board,” Weil said, adding that topic would have to be discussed at the next meeting of the supervisory board in mid-November.
“I very much hope that we will get back to a situation where the Turkish President realises that he has embarked on a very dangerous path, and the direction must be changed urgently,” he added.
German Chancellor Angela Merkel said on October 15 that she told Erdogan that the offensive must be stopped because it risked creating a humanitarian crisis. At least a 100,000 people in northern Syria have fled their homes to escape the Turkish offensive.
European Union countries agreed on October 15 to limit arms exports to Turkey, while US President Donald Trump has imposed sanctions on Turkey, although they are coming under fire for being merely ‘sanctions-lite’.
On October 16, the UK agreed to back the EU move against weapons exports to Turkey by agreeing not export any arms to the country that could conceivably be used in the Syria operation.
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