News

Czech police point to Russia's GRU as investigation into ammunition explosion is shelved

Albin Sybera April 30, 2024

Czech interior minister says that Russia is “transgressing valid international agreements” after it refused to cooperate with Czech authorities on the case.

Georgian oligarch Ivanishvili advocates repression, blames Western “Party of War” for country’s ills

Ben Aris in Berlin April 30, 2024

Founder of Georgian Dream's strong comments indicate that the party is not planning to back down, despite big demonstrations against the 'foreign agents' bill over the past two weeks.

Poland’s Tusk orders thorough probe into Orlen’s $370mn botched oil deal

Wojciech Kosc in Warsaw April 30, 2024

Orlen's PiS-appointed CEO reportedly disregarded warnings from the company's security team about head of Swiss subsidiary's alleged Hezbollah links.

France's EDF seen as favourite as Czech nuclear tender enters next stage

Albin Sybera April 30, 2024

It is already clear that the estimated price of CZK160bn (€6.4bn), which the Czech government calculated in 2020, will be exceeded.

European bank still in Russia see profits quadruple, pay over €800mn in taxes

bne IntelliNews April 30, 2024

Western banks that have continued operations in Russia paid more than €800mn in taxes last year, marking a fourfold increase from pre-war levels, despite pledges to reduce their exposure following the full-scale invasion of Ukraine - FT.

Putin did not order death of Navalny, US intelligence agencies conclude

bne IntelliNews April 29, 2024

US intelligence agencies do not believe that the death of Alexey Navalny was ordered by President Vladimir Putin, the Wall Street Journal has reported.

Tajikistan protests to Russia over treatment of citizens with 1,000 stranded at Moscow airport

bne IntelliNews April 29, 2024

Central Asians have faced xenophobic backlash since March terror attack allegedly committed by Tajik gunmen.

Startup Defence Builder to build drones and technology requested by the army

Adrien Henni in Barcelona April 29, 2024

Ukraine has witnessed a surge in defence tech innovation initiatives. Defence Builder is a startup accelerator aimed at fostering collaboration between Ukraine’s military, business and startup community to develop technologies requested by the army.

Poland facing arbitration over Warburg Pincus' complaint about rules limiting pharmacies

Wojciech Kosc in Warsaw April 29, 2024

Polish legislation limits pharmacy ownership to pharmacists only, restricts opening of new pharmacies near existing ones, and sets a cap where one owner can only have four pharmacies nationwide.

Orban uses CPAC to bolster role in growing 'anti-globalist' coalition

Tamas Csonka in Budapest April 29, 2024

Orban is admired by representatives of the Trumpist US right-wing for his tough immigration policies and advocacy for families and Christian conservatism.

Police use pepper spray on demonstrators in Tbilisi protesting against foreign agents law

bne IntelliNews April 29, 2024

Tensions soared in central Tbilisi after thousands of demonstrators filled the centre of the city on April 28 to protest against the so-called foreign agents law that is making its way through parliament.

Poland signs $1.6bn deal with South Korea for Chunmoo rocket artillery systems and missiles

Wojciech Kosc in Warsaw April 29, 2024

A significant portion of Poland's new military acquisitions has come from South Korea, including light combat aircraft, tanks and self-propelled howitzers.

Europe’s top human rights body has no plans to sanction Turkey over failure to free Kavala

bne IntelliNews April 28, 2024

No willingness on part of member states to penalise Ankara amid Ukraine war and other crises requiring solidarity, says Council of Europe.

Gaza aid flotilla unable to depart Turkey after Guinea-Bissau withdraws vessel flagging

bne IntelliNews April 28, 2024

Organisers of mercy mission say Israel pressured West African nation.

Hungary’s OTP makes reported record bid for EU bank

Tamas Csonka in Budapest April 28, 2024

Hungarian lender says target is in an EU country in which OTP did not have a presence, triggering speculation.

Ukraine waits impatiently for new US ammunition as intense Russian attacks continue

bne IntelliNews April 28, 2024

Ukraine needs at least seven Patriot air defence systems, Ukrainian President Volodymyr Zelenskiy said, urging allies “not to waste time,” in his daily broadcast on April 27, as Ukraine continues to get pummelled by Russian missiles.

Czech tycoon Kretinsky enters steel business with 20% stake in Thyssenkrupp

Albin Sybera April 28, 2024

EP is in talks to acquire a further 30% of the steel business in a pursuit of forming a 50:50 joint venture.

Fitch believes Bulgaria unlikely to enter eurozone in January 2025

bne IntelliNews April 28, 2024

Return to political instability has put Sofia’s eurozone entry target date at risk.

It’s no slip-up, there are almost no bananas in Turkmenistan

bne IntelliNews April 27, 2024

Analysis shows Turkmens consume less than one banana per person per year.

Saddam-era Iraqi howitzers get delivered to Ukraine

bne Gulf bureau April 27, 2024

Weapons once belonging to Iraq’s former dictator Saddam Hussein’s regime are now being delivered to Ukraine via the Baltic Sea in the strangest of developments this year in the war in Ukraine.

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