News

PPF agrees to sell two Home Credit operations in Southeast Asia

Albin Sybera, Robert Anderson in Prague November 25, 2022

Japan's MUFG to pay $615mn for Philippines and Indonesian businesses of PPF's consumer finance brand.

NGOs attack Czech cabinet proposal to give whistleblowers weak protection

Albin Sybera November 25, 2022

Government's belated proposal leaves out protection for anonymous whistleblowing or for whistleblowing of non-criminal transgressions.

Pashinyan refuses to sign CSTO declaration after bloc's failure to help Armenia

Ani Mejlumyan in Yerevan November 25, 2022

Getting the CSTO to send military assistance to Armenia and to condemn Azerbaijan's attacks were two of Yerevan's fundamental demands going into the summit.

V4 leaders meet as EC poised to take unprecedented action towards Hungary

Albin Sybera November 25, 2022

Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.

Austrian chancellor confirms support for Croatia’s Schengen entry, but not Bulgaria’s or Romania’s

bne IntelliNews November 25, 2022

Austria and Sweden are expected to veto enlargement of the Schengen are to Romania and Bulgaria at the EU Council meeting in December.

Frazzled Iran coach Queiroz tells media, ‘Why don’t you ask Southgate about Afghanistan?’

bne IntelIiNews November 25, 2022

Ahead of Wales World Cup match, focus is again on whether Iranian players will sing national anthem.

Gazprom unveils its biggest investment programme in eight years as it begins to reorientate to the east

bne IntelliNews November 24, 2022

Gazprom announced its biggest investment programme since 2014 of $35bn as the company prepares to embark on major capital-intensive work that may include new pipelines to Europe and China and suggests is may be expecting higher earnings from Europe.

Kyrgyzstan claims to be mulling end to graft-ridden customs service

Eurasianet November 24, 2022

But a contentious procurement law in the works has fuelled scepticism about government claims to be fighting corruption.

Moldovans respond to latest blackout with solidarity for Ukraine

bne IntelliNews November 24, 2022

When their country was plunged into darkness, Moldovans joined Ukrainians in tweeting their defiance of Russia with the hashtag #withoutyou.

Hungary faces suspension of EU funds, according to German press reports

Tamas Csonka in Budapest November 24, 2022

Budapest said to receive RRF funds but €7.5bn of Cohesion Funds will remain frozen.

Turkey’s Syria airstrikes ‘directly threatened’ US personnel says Washington

bne IntelIiNews November 24, 2022

Erdogan says ground offensive is next. Kurdish groups accuse Ankara of using Istanbul bombing as pretext for military incursion.

European Parliament calls for ‘reenergised’ enlargement process – but only for countries that back Russia sanctions

bne IntelliNews November 23, 2022

MEPs want accession completed by 2030 and a majority vote to approve new members, but say accession talks with Serbia should be halted if it doesn’t align with EU on sanctions.

Serbia and Kosovo reach agreement to end number plate dispute

Valentina Dimitrievska in Skopje November 23, 2022

Deal to ease tense situation in northern Kosovo, after EU High Commissioner Josep Borrell warned earlier this month of risk of a new conflict.

Ukraine plunged into darkness as Russia launches a renewed ferocious missile attack on its power stations

Dominic Culverwell in London November 23, 2022

Ukraine braces for its worst winter since World War 2, Kyiv’s Mayor Vitali Klitschko said, as the country suffers another wave of virulent Russian strikes.

EU releases symbolic gas and preliminary oil cap price numbers

Ben Aris in Berlin November 23, 2022

The European Commission released preliminary prices for the gas and oil price caps at a level that is more of a symbolic gesture than the stringent sanctions that will crush the Kremlin's budget that many were hoping for.

Orban sparks diplomatic storm with football scarf featuring Greater Hungary

Tamas Csonka in Budapest November 23, 2022

Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.

Enel to exit Romania as it sees no room for further growth

Iulian Ernst in Bucharest November 23, 2022

“Friendly separation” planned just two years after Enel announced €2bn investments in green energy projects in Romania.

Fast food fans fear McDonald’s has left Kazakhstan

Kanat Shaku in Almaty November 23, 2022

Franchisee introduces indefinite closure of all restaurants. Supply issues are cited, but details are scarce.

Relaunch of Russian gas supplies to Azerbaijan raises questions about Baku-Brussels deal

bne IntelliNews November 22, 2022

Russia’s Gazprom announced on November 18 it would deliver up to 1bn cubic metres of natural gas to Azerbaijan between now and March under a new contract with the latter country’s state-owned oil firm SOCAR.

IMF approves €530mn arrangement for North Macedonia

Valentina Dimitrievska in Skopje November 22, 2022

Precautionary and Liquidity Line to help Skopje address global shocks from the COVID-19 pandemic and Russia’s invasion of Ukraine.

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