Latest Updates

GAZ workers' livelihoods on the line as road trip protestors arrive in Vienna

The ten GAZ workers on a road trip across Europe to highlight the plight of Russia's second largest car plant arrived in Vienna on December 4 and delivered a letter to the US ambassador to highlight their plight.

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Attacks on the National Bank of Ukraine escalate

The attacks and intimidation on the National Bank of Ukraine, allegedly being carried out by oligarch Ihor Kolomoisky, went up a notch on December 3 when protestors targeted the private residence of NBU governor Yakiv Smolii.

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Saxo Bank’s Outrageous Predictions 2020

What are the odds on China, Iran and Russia creating a new world currency? On Moscow slashing oil production? And on Hungary making a ‘Huxit’ while Trump gets an election hammering?

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Russia's $55bn Power of Siberia gas pipeline to China comes online

Russia’s Gazprom flagship Power of Siberia gas pipeline mega-project that connects Russia’s Siberian gas fields with China came online on December 2, after the investment of billions of dollars that will earn the company billions more

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TURKEY INSIGHT: Credit-juiced economy back on road of growth

Erdogan administration in hurry to get back in fast lane but analysts warn reckless driving could spark fresh build-up of macro imbalances.

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ISTANBUL BLOG: Funny my arse

Trump comes up with a lame Turkey pun. Erdogan comes up with F-16 warplanes in the skies of Ankara as target practice for his newly acquired Kremlin missiles.

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CONFERENCE CALL: UzInvest Forum talks tech

Uzbekistan is a youthful country with a reported 60% of the population under the age of 30. The younger generation, which has only known digital technology, is moving into the tech sector with gusto.

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ISTANBUL BLOG: Officials scrub out NPLs as Baron Jim ticks off Turkey bashers

Red ink turns to invisible ink but it would be unpatriotic of any Turk to shift uncomfortably in their seat as the president has let it be known that policy rates and inflation will soon fall into single digits and will stay there.

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A new era of expansion and competition in Uzbekistan’s retail sector

Local retail champions are expanding aggressively in the face of competition from international players attracted by the opening up of Uzbekistan’s economy.

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Poland’s oil and gas giant Orlen plans takeover of utility Energa

New York judge tells Turkey’s Halkbank to turn up and enter plea in Iran sanctions busting case

Leaked documents show Kosovan PM Haradinaj spent €500,000 on lunches

Poland’s oil and gas giant Orlen plans takeover of utility Energa

PKN Orlen aims to build a strong group capable of competing on the international market, but takeover plans raise questions about Energa’s controversial project to build a major new coal-fired power plant.

New York judge tells Turkey’s Halkbank to turn up and enter plea in Iran sanctions busting case

Move must be made before state lender can challenge US court’s ability to hold trial, he adds.

Leaked documents show Kosovan PM Haradinaj spent €500,000 on lunches

Expenses scandal erupts in Kosovo as local media report that Haradinaj spent an average of €1,000 each working day on extravagant lunches during less than two years in office.

News

Russian Olympic athletes should be allowed to compete under the Russian flag says businessman Alisher Usmanov

Russian oligarch and president of the Olympic fencing committee Alisher Usmanov weighed into the doping scandal on December 6, sending a letter to the Olympic committee saying competing under the national flag is a right, not a privilege.

Poland launches huge renewable energy auction in bid to improve energy mix

Polish energy market regulator URE launched an auction for up to 2.5 gigawatts of onshore wind power capacity as Warsaw seeks to meet the EU-required target of a 15% share of renewable energy in final energy consumption by 2020.

Vanquisher of Erdogan’s grip on Istanbul chosen by Bloomberg as one of top 50 people of 2019

Ekrem Imamoglu seen as possibly biggest threat to Turkish strongman in next presidential election.

Bosnia finally names prime minister 14 months after election

As Bosnia's new state-level prime minister, Zoran Tegeltija says he will implement much needed reforms to unlock the country’s EU membership path and secure a new deal with the IMF.

Uzbekistan mulls soum Eurobond as it explores funding options

Having made a successful debut on the international bond market this year, Uzbekistan is considering options for future funding that could include a Eurobond issue in the local currency.

Russian Olympic athletes should be allowed to compete under the Russian flag says businessman Alisher Usmanov

5 hours ago

Poland launches huge renewable energy auction in bid to improve energy mix

2 days ago

Vanquisher of Erdogan’s grip on Istanbul chosen by Bloomberg as one of top 50 people of 2019

2 days ago

Bosnia finally names prime minister 14 months after election

2 days ago

Uzbekistan mulls soum Eurobond as it explores funding options

4 days ago

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Tech

Estonia’s “secret career app” MeetFrank raises funds for international expansion

Latest round of venture capital funding for startup that aims to internationalise job searches comes amid further tightening of labour markets across CEE.

Foreign investors drive Romania’s IT industry

Foreign owned companies generate three quarters of the revenues in Romania’s IT industry and drive the market up based on rising exports that account for 80% of the industry’s turnover, finds industry association ANIS.

Russian messaging services Telegram and TamTam shut down terror group channels after London Bridge attack

The Russian TamTam messaging service got caught up in the London Bridge terror attack after Islamic State used the little known service to claim responsibility for the attack that claimed the lives of two Londoners.

Amazon to open pan-European e-commerce logistics centre in Poland

International online retail giant Amazon is preparing to open a 210,000 sqm e-commerce logistics centre serving the whole European market in Gliwice, southern Poland, revealed industrial real estate company Panattoni, which built the facility.

Major Romanian cable operator RCS&RDS to purchase key rival

RCS&RDS will start by using the Digital Cable Systems and AKTA Telecom networks, with the assets to be purchased later.

Estonia’s “secret career app” MeetFrank raises funds for international expansion

2 days ago

Foreign investors drive Romania’s IT industry

3 days ago

Russian messaging services Telegram and TamTam shut down terror group channels after London Bridge attack

4 days ago

Amazon to open pan-European e-commerce logistics centre in Poland

6 days ago

Major Romanian cable operator RCS&RDS to purchase key rival

6 days ago

More Tech

Opinion

Zimin Foundation: Science at the heart of our philanthropic efforts

On November 21, some of Russia’s top writers, journalists, academics, scientists and publishers gathered in Moscow for the annual “Enlightenment Prize”. The purpose of the annual Prize is to support Russian scientists and science journalists

COMMENT: Turning Ukraine's ship of state around

I recently watched more than 30 new members of Ukraine’s parliament give up their precious time off to spend hours in a windowless room in Kyiv to learn more about the development of the rule of law, market institutions, and policy.

TURKEY INSIGHT: Erdogan extends swap deal with Qatar to $5bn

Turkish president, under pressure to secure capital inflows, also returns to old appeals to “patriotic” Turks to dump foreign currencies. Potential nemesis Imamoglu, meanwhile, has been getting friendly with global financiers.

IMF Blog: Frontier market borrowing binge

Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing

COMMENT: Delivering for Dushanbe, now is the time to open the country

Walking down Rudaki Avenue, in the heart of the Tajik capital of Dushanbe the roads have been fixed, but there are few people on the street and even fewer businesses

Zimin Foundation: Science at the heart of our philanthropic efforts

9 days ago

COMMENT: Turning Ukraine's ship of state around

16 days ago

TURKEY INSIGHT: Erdogan extends swap deal with Qatar to $5bn

12 days ago

IMF Blog: Frontier market borrowing binge

17 days ago

COMMENT: Delivering for Dushanbe, now is the time to open the country

16 days ago

More Opinion

Data

Russia's car sales decline continues in November at 6.4%

Sales of new passenger cars and light commercial vehicles (LCVs) in Russia continued its decline, decreasing by 6.4% in November 2019, according to the report by the AEB Automobile Manufacturers Committee.

Real effective rate of Turkish lira up 11% since May

Level of 77.35 compares to record low of 62.45 seen in September 2018 following the currency crash.

Turkey’s CPI up less than expected to 10.56% in November leaving real interest rate at 3.44%

Inflation level won’t stop rate-setters easing further next week says one analyst. Another says they face a “difficult decision”

Setback for Turkish recovery as November auto sales come in flat

Data imply consumers could be losing their appetite for taking on fresh debt despite new availability of cheaper loans.

Russia analysts caught off guard by sudden plunge of November manufacturing PMI

Analysts were caught off guard by the sudden plunge of Russia’s November manufacturing PMI result to 45.6, the lowest result in a decade, from an already low 47.2 in October.

Russia's car sales decline continues in November at 6.4%

2 days ago

Real effective rate of Turkish lira up 11% since May

4 days ago

Turkey’s CPI up less than expected to 10.56% in November leaving real interest rate at 3.44%

4 days ago

Setback for Turkish recovery as November auto sales come in flat

5 days ago

Russia analysts caught off guard by sudden plunge of November manufacturing PMI

5 days ago

More Data

Features

Perspectives | Uzbekistan internationalises legal landscape to entice foreign investors

Two lawyers examine Uzbekistan’s plans to lure investors by using English law.

IIB building up CEE identity after relocation of HQs to Budapest

fectly placed to grow further after the relocation of its HQ s to Budapest. Of the five major international development banks operating in the EU, IIB is the only one stationed in the region and is building on its CEE identity

AFC Capital: Uzbekistan’s capital markets at tipping point

CMDA announces short-listing of 20 companies for IPO/SPO through Tashkent Stock Exchange.

CEE “brimming with opportunities” in renewables — and airports

In a sign of the complex politics surrounding climate change, CEE has huge opportunities for investment into two growth areas: renewable energy and airports, finds a new study by law firm CMS.

Used clothing marketplace Vinted becomes Lithuania's first ever $1bn tech unicorn

Lithuania-based Vinted has raised €128mn in its latest funding round, which values the company at over $1bn making it Lithuania's first ever tech unicorn.

Perspectives | Uzbekistan internationalises legal landscape to entice foreign investors

2 days ago

IIB building up CEE identity after relocation of HQs to Budapest

4 days ago

AFC Capital: Uzbekistan’s capital markets at tipping point

4 days ago

CEE “brimming with opportunities” in renewables — and airports

5 days ago

Used clothing marketplace Vinted becomes Lithuania's first ever $1bn tech unicorn

10 days ago

More Features

Blogs

BUCHAREST BLOG: New faces, new policies, but the same old uncertainty

Romania’s new government is preparing to undo some of the measures taken by its predecessors that dismayed investors, but with a shaky majority and elections already looming the scope for improvements is limited.

KYIV BLOG: Ukraine is a captured state

The assault by paid-for protesters on the National Bank of Ukraine this week is more than worrying. It highlights the fact that Ukraine is a state that has been captured by the oligarchs.

BRICKS & MORTAR: Small shops in Hungary wither even as consumption rises

Smaller shops have trouble financing rising wages and have been hit by the migration of workers to larger, multinational retailers.

BRICKS & MORTAR: Whither Russian Property Yields?

In an era of cheap money property yields have been driven down more or less across the board. The significant outlier is the Russian market.

ISTANBUL BLOG: The Turkish ‘moustaches’ that no one dare singe

Scheme to boost ‘foreign’ participation in state lira bonds latest device in efforts to convince onlookers Turkey’s economy will soon once more be rocketing away. Turkey, say the Turks, “is a funny country as long as you’re not a citizen of it”.

BUCHAREST BLOG: New faces, new policies, but the same old uncertainty

3 days ago

KYIV BLOG: Ukraine is a captured state

10 days ago

BRICKS & MORTAR: Small shops in Hungary wither even as consumption rises

13 days ago

BRICKS & MORTAR: Whither Russian Property Yields?

16 days ago

ISTANBUL BLOG: The Turkish ‘moustaches’ that no one dare singe

17 days ago

More Blogs

Latest Updates

News

​Russian oligarch and president of the Olympic fencing committee Alisher Usmanov weighed into the doping scandal on December 6, sending a letter to the Olympic committee saying competing under the national flag is a right, not a privilege.

Polish energy market regulator URE launched an auction for up to 2.5 gigawatts of onshore wind power capacity as Warsaw seeks to meet the EU-required target of a 15% share of renewable energy in final energy consumption by 2020.

Ekrem Imamoglu seen as possibly biggest threat to Turkish strongman in next presidential election.

As Bosnia's new state-level prime minister, Zoran Tegeltija says he will implement much needed reforms to unlock the country’s EU membership path and secure a new deal with the IMF.

Having made a successful debut on the international bond market this year, Uzbekistan is considering options for future funding that could include a Eurobond issue in the local currency.

Tech

Latest round of venture capital funding for startup that aims to internationalise job searches comes amid further tightening of labour markets across CEE.

Foreign owned companies generate three quarters of the revenues in Romania’s IT industry and drive the market up based on rising exports that account for 80% of the industry’s turnover, finds industry association ANIS.

The Russian TamTam messaging service got caught up in the London Bridge terror attack after Islamic State used the little known service to claim responsibility for the attack that claimed the lives of two Londoners.

International online retail giant Amazon is preparing to open a 210,000 sqm e-commerce logistics centre serving the whole European market in Gliwice, southern Poland, revealed industrial real estate company Panattoni, which built the facility.

RCS&RDS will start by using the Digital Cable Systems and AKTA Telecom networks, with the assets to be purchased later.

Opinion

On November 21, some of Russia’s top writers, journalists, academics, scientists and publishers gathered in Moscow for the annual “Enlightenment Prize”. The purpose of the annual Prize is to support Russian scientists and science journalists

I recently watched more than 30 new members of Ukraine’s parliament give up their precious time off to spend hours in a windowless room in Kyiv to learn more about the development of the rule of law, market institutions, and policy.

Turkish president, under pressure to secure capital inflows, also returns to old appeals to “patriotic” Turks to dump foreign currencies. Potential nemesis Imamoglu, meanwhile, has been getting friendly with global financiers.

Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing

Walking down Rudaki Avenue, in the heart of the Tajik capital of Dushanbe the roads have been fixed, but there are few people on the street and even fewer businesses

Data

Sales of new passenger cars and light commercial vehicles (LCVs) in Russia continued its decline, decreasing by 6.4% in November 2019, according to the report by the AEB Automobile Manufacturers Committee.

Level of 77.35 compares to record low of 62.45 seen in September 2018 following the currency crash.

Inflation level won’t stop rate-setters easing further next week says one analyst. Another says they face a “difficult decision”

Data imply consumers could be losing their appetite for taking on fresh debt despite new availability of cheaper loans.

Analysts were caught off guard by the sudden plunge of Russia’s November manufacturing PMI result to 45.6, the lowest result in a decade, from an already low 47.2 in October.

Features

Two lawyers examine Uzbekistan’s plans to lure investors by using English law.

fectly placed to grow further after the relocation of its HQ s to Budapest. Of the five major international development banks operating in the EU, IIB is the only one stationed in the region and is building on its CEE identity

CMDA announces short-listing of 20 companies for IPO/SPO through Tashkent Stock Exchange.

In a sign of the complex politics surrounding climate change, CEE has huge opportunities for investment into two growth areas: renewable energy and airports, finds a new study by law firm CMS.

Lithuania-based Vinted has raised €128mn in its latest funding round, which values the company at over $1bn making it Lithuania's first ever tech unicorn.

Blogs

Romania’s new government is preparing to undo some of the measures taken by its predecessors that dismayed investors, but with a shaky majority and elections already looming the scope for improvements is limited.

The assault by paid-for protesters on the National Bank of Ukraine this week is more than worrying. It highlights the fact that Ukraine is a state that has been captured by the oligarchs.

Smaller shops have trouble financing rising wages and have been hit by the migration of workers to larger, multinational retailers.

In an era of cheap money property yields have been driven down more or less across the board. The significant outlier is the Russian market.

Scheme to boost ‘foreign’ participation in state lira bonds latest device in efforts to convince onlookers Turkey’s economy will soon once more be rocketing away. Turkey, say the Turks, “is a funny country as long as you’re not a citizen of it”.

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Russian oligarch and president of the Olympic fencing committee Alisher Usmanov weighed into the doping scandal on December 6, sending a letter to the Olympic committee saying competing under the national flag is a right, not a privilege.