Belarus tests new BUK missile system as a low-key arms race in Eastern Europe gathers momentum
CSTO states express serious concern over terrorist threat in Afghanistan
Armenia refuses to host Eurasian Economic Union summit
COMMENT: Trump 2.0 could be a blessing for Belarus
Did Russia shoot down the Azal passenger plane that crashed in Kazakhstan?
Plane crashes in Kazakhstan on Baku-Grozny flight with nearly 70 onboard
Russia sentences dual US-Russian citizen to 15 years on espionage charges
Sanctioned Russian cargo ship sinks in Mediterranean after explosion
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
Ukraine invasion was ‘spontaneous’ and unplanned, Putin claims
Bulgaria’s interim PM Glavchev refuses to sign 10-year military support deal with Ukraine
Telia willing to sell its Latvian operations back to government if price is right
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FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown
IMF: The 2004 EU enlargement was a success story built on deep reform efforts
Czech National Bank keeps interest rates at 4%
Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne
Hungary grants political asylum to fugitive former PiS minister
Hungarian households have joint lowest consumption levels in EU
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Polish producer price deflation eases further in November
Slovakia’s Fico in surprise visit to Putin in Moscow
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Albania imposes one-year TikTok ban
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BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans
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Russia reaps harvest of chaos in nearby democracies
Croatian Bosqar Invest acquires bakery Mlinar in €100mn deal
TikTok says it has stepped up moderation ahead of Croatian presidential election
Kosovo bans main Serb party from running in general election
Kosovo's population down 12% since 2011
Kosovo’s president slams EU’s “unfair” treatment
Moldova's economy shrinks by 1.9% y/y in Q3
Bureks vs. Big Macs
Serbia faces backlash over controversial foreign agents bill
North Macedonia's central bank lowers key interest rate by 0.25 pp to 5.55%
North Macedonia’s ex-deputy PM Grubi reportedly flees to Kosovo to avoid detention in corruption case
Romania's ruling coalition survives elections
Romanian liberals orchestrated Georgescu campaign funding, investigation reveals
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Tens of thousands rally in Belgrade demanding accountability over Novi Sad railway station disaster
Turkey hikes minimum wage by 30% in line with financial market demands
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INTERVIEW: Asian Infrastructure Investment Bank financing Central Asia’s green future
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Azerbaijan trades barbs with French and US diplomats in online "Twiplomacy"
Azerbaijan’s Aliyev lines up with Russia and Trump, admits Georgia interference
PROFILE: Georgian President Salome Zourabichvili
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Russia sells stakes in Kazakhstan uranium JVs to China
Kyrgyzstan’s President Japarov demotes liberal democracy in favour of a “traditionalist” ideology
Adylbek Kasymaliev appointed new chief of Kyrgyzstan’s cabinet ministers, predecessor dismissed amid tax corruption scandal
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HESS: Mongolia’s unique success story between rock and a hard place at risk
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Tajikistan: Officials announce discovery of major rare earth deposits
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Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
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Tunisian President Kais Saied re-elected for second term
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Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
South Korea’s won slides as martial law crisis sparks market turmoil
China unveils $71bn swap facility to revitalise flagging economy
Nozomi Energy snaps up major solar portfolio in Japan
Fukushima's forgotten victims as Japan shifts back to nuclear power
Balancing growth and sustainability: Southeast Asia’s energy dilemma
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Israel's Mossad chief calls for direct Iran strike after missile hits Tel Aviv
PODCAST: Emerging Global's Mathew Cohen talks with Ruthie Blum
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Saudi Arabia extracts lithium from oilfield runoff, plans commercial pilot
Christmas tree set on fire in Syrian city by masked gunmen
ISTANBUL BLOG: After “conquering” Damascus, Erdogan turns his eye to the Kurds
Israel launches biggest strike in Yemen, killing 40 people
TEHRAN BLOG: Pezeshkian's dilemma over Haniyeh's assassination
Iranian foreign ministry condemns Haniyeh's assassination in Tehran
Reactions to the killing of Haniyeh in Tehran
Argentina announces ambitious nuclear programme linked to AI development
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IMF: Breaking Latin America’s cycle of low growth and violence
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Bolivian ex-president Evo Morales faces formal charges of human trafficking
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
US-Cuba rum war spills over as Biden law stirs Havana Club row
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Mexican cartel boss who created fearsome Zetas returns to face justice after US deportation
Paraguay stands firm with Taiwan amid growing Chinese pressure
Murder exposes secret prostitution ring in Peruvian Congress
Protests in Bangladesh escalate, demanding president leave office
Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina
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US imposes preliminary duties on Southeast Asian solar imports
COMMENT: From Globalisation to “slowbalisation” as FDIs decline on trade and geopolitical woes
Angkor Archaeological Park attracts nearly 700,000 foreign tourists in nine months
Asia’s shipbuilding renaissance: record orders and rising prices
Almost two-thirds of Malaysians favourable towards China
Blinken warns Taiwan crisis could trigger global economic turmoil
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
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Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved
Valuation questions raised over Blackstone's $2.1bn IPO of India’s International Gemmologist Institute
Where does nuclear power-use stand in post-COP29 Asia?
Boldly brewing where no one has brewed before: Japanese sake to be made in space
BCPG to invest $945mn in power projects, prioritising clean energy
Malaysia’s industrial growth slows in October following mixed sector performance
Myanmar junta to allow observers for controversial 2025 election amid ongoing conflict
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Russian pivot to the Global South includes unscrupulous army recruiting practices
North Korea’s missile support to Russia raises alarms at UN
North Korean troops face heavy losses in Russia-Ukraine War as conflict intensifies
North Korean troops suffer casualties in Ukraine conflict
South Korea intensifies military drills to bolster defences against North Korean drone threat
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
South Korea's acting president rejects six controversial bills amid growing tensions
Korean won dips to crisis levels amid US rate cuts and market volatility
Sri Lanka’s merchandise exports in October up 18.22%
Taiwan boosts defence with advanced Abrams tanks amid rising Chinese tensions
Japan plans tax hike to fund $280bn military buildup
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
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MBH Bank issued MREL-eligible bonds with a nominal value of €350mn on Wednesday, the lender said on October 12.
MBH Bank had planned to issue €300mn of the bonds but raised the issue amount after investors made offers to subscribe to around €600m of the securities.
The senior preferred bonds have a four-year maturity, pay a fixed rate of 8.625%, and are callable after three years. The purpose of issuing senior unsecured bonds is general corporate financing and serves to meet MREL requirements.
Around half of the four-year bonds were subscribed by international capital market players, it added.
In view of the need to comply with MREL requirements and the increasing need to restructure the customer funding structure from deposits to bonds, MBH Bank plans to renew its current issuance programme with a total amount of HUF400bn (€1bn), the lender said in its H1 2023 report.
MBH Bank completed the three-way tie-up between three mid-sized banks, MKB Bank, Takarekbank and Budapest Bank at the end of April to become the country’s second-largest lender with HUF10.5 trillion (€27bn) in assets, 500 branches, 2mn clients and 10,000 employees. Deposits exceed HUF6.4 trillion and its loan portfolio is close to HUF5 trillion.
State-owned asset manager Corvinus BHG sold 8.2% of its shares in MBH Bank to the lender in an OTC transaction, reducing its stake to 20.01%, it was announced on December 12. Details on the exact ... more
Hungary saw the largest reduction in the volume of non-performing loans (NPLs) among the 17 Central and Eastern European economies, according to a report by the European Bank for Reconstruction ... more
MBH Bank’s outstanding loan stock rose 18%, above the sector average, to HUF5.9 trillion (€14.3bn) in the first nine months, while deposits grew by 16.3% to over HUF7.6 trillion, Hungary’s ... more
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