Features

Renewed frontier – Georgia’s TBC Bank laying groundwork for move into Uzbekistan

Will Conroy in Prague February 22, 2020

The LSE-listed lender’s CFO Giorgi Shagidze spoke to bne IntelliNews about the bank’s plans for a country that has won international plaudits for its reforms.

TURKEY INSIGHT: Pure genius. With economy back on cliff-edge Erdogan’s MPs propose expanding credit guarantee fund

Akin Nazli in Belgrade February 19, 2020

Same day gives lira another wobble as central bank throws on another 50bp rate cut.

Fox Marble eyes expansion as it hopes to turn a corner in 2020

Clare Nuttall in Glasgow February 18, 2020

London-listed Fox Marble is developing world-class marble deposits that have long lain idle in the Western Balkans.

Belarus emerges as Europe's leading high tech hub

Vladimir Kozlov in Moscow February 18, 2020

Best known as “Europe’s last dictatorship”, Belarus has a secret. Over the last decade it has grown a blossoming high tech industry that earned the small northern republic nearly $15bn last year – as much as Russia earns from arms exports.

SEMrush to SEO success

Ben Aris in Berlin February 18, 2020

BRICKS & MORTAR: Russian real estate ready for takeoff in 2020

Ben Aris in Berlin February 18, 2020

Investment into Russia’s real estate sector surged in 2019 as the market finally turned the corner and brought the crisis years to a close.

BRICKS & MORTAR: Small, prosperous Slovenia lures retail investors but eurozone slowdown looms

Clare Nuttall in Ljubljana February 17, 2020

Slovenia has seen a high level of investment by retailers over the last three years, but this is expected to slow as the eurozone crisis bites across the region.

Russia becomes a safe haven in an increasingly turbulent world

Ben Aris in Berlin February 17, 2020

International investors used to worry about geopolitical Russia risk, but the fiscal fortress Putin has built now makes Russia's capital markets look like a safe haven.

Ukraine's bank sector profit triples in 2019 as the sector gets on the path to sustained recovery

Ben Aris in Berlin February 17, 2020

Profits in Ukraine’s banking sector tripled in 2019 to hit UAH59.6bn as of December, as a full recovery of the sector is now well underway.

"Westlessness" dominates the discussion at the Munich Security Conference

Ben Aris in Berlin February 16, 2020

The West has lost the initiative to illiberal powers like China and Russia that are now acting on their own, according to the "Westlessness" report produced ahead of the Munich Security Summit.

Russia’s utility sector set to rally in 2020 as reforms progress

Ben Aris in Berlin February 15, 2020

After a very strong rally Russia’s stock markets have been hit by fears of a global coronavirus epidemic and collapsing oil price. The market has given up all its gains, but not so the utilities sector which is up 16% YTD.

TURKEY INSIGHT: Bearish sentiment builds on reports of foreign disinvestment and outsized bet against splintering lira

bne IntelliNews February 14, 2020

Currency “seems on invisible string attached to 6.00 level,” says one analyst, adding: “When it snaps, dollar-lira is likely to shoot toward May 2019 high at 6.2457.”

US Treasury Department accuses Russian tycoon Deripaska of laundering money but offers no evidence

Ben Aris in Berlin February 14, 2020

Sanctions placed on companies belonging to magnate appear based on a short, flimsy error-strewn memo, full of hearsay and almost entirely dependent on unreliable press reports.

Trust in Putin continues to fall, numbers in on PM Mishustin for first time

Ben Aris in Berlin February 14, 2020

Independent pollster Levada Center finds confidence rating in Russian leader has almost halved in past two years to 35%. But his personal popularity remains at an impressive 68%.

Russia’s CBR switches tactics from prudence to stimulation

Ben Aris in Berlin February 10, 2020

The Central Bank of Russia (CBR) has switched tactics from running a prudent monetary policy to a more aggressive attempt to stimulate economic growth following its February 7 decision to shave another 25bp off the key monetary policy rate to 6%

TURKEY INSIGHT: Markets finally hit lira for six again as ‘state interventions fail’

bne IntelliNews February 7, 2020

Jitters over a combination of negatives and global market dynamics send currency to weakest level since last May.

#bneTech: OneWeb’s big satellite launch at Kazakh cosmodrome steps up race with Bezos, Musk to offer high-speed internet “everywhere”

Kanat Shaku in Almaty February 7, 2020

UK company has Soyuz rockets deal and $1.7bn backing from Airbus, Coca-Cola, Virgin, Qualcomm and Softbank to deploy global network.

Banks on the run: odds shorten on Turkey losing both Unicredit and HSBC

bne IntelliNews February 5, 2020

Foreign investors unnerved by unpredictable and tight controls placed on economy by Erdogan regime are, meanwhile, largely avoiding Turkish sovereign bonds.

Slovenia’s “Banana King” takes to the skies

Valentina Dimitrievska in Skopje February 3, 2020

Why the world’s sixth-largest banana trader, Slovenian businessman Izet Rastoder, bought up the licences of bankrupt Adria Airways.

Returning migrants and trade disruptions: eastern EU members anticipate the cost of Brexit

bne IntelliNews January 31, 2020

Central European carmakers, Polish food producers and Czech brewers are among those expected to be hard hit by Brexit, but until a trade deal between the EU and UK is reached — or not — the extent of the fallout is impossible to predict.

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