Turkey’s Antalya Airport operator TAV-Fraport forecloses on Onur Air’s eight aircraft

Akin Nazli in Belgrade June 24, 2021

Court of bailiffs orders low-cost carrier to cease flying. Though planes are worth €145mn, the foreclosure is for just €26,000, sources complain to newspaper.

Saudi murderers of Jamal Khashoggi ‘received paramilitary training in US’

Akin Nazli in Belgrade June 24, 2021

Contract with Arkansas group was reportedly approved by State Department.

EU threatens legal steps against Hungary's anti-LGBT regulation

bne IntelliNews June 24, 2021

Thirteen EU states have condemned Hungary’s law in a joint statement, saying the anti-LGBT clauses of the bill violate the right to free expression.

NBU sacks deputy governor Dmytro Sologub

bne IntelliNews June 24, 2021

The Council of the National Bank of Ukraine has sacked well-respected Deputy Governor Dmytro Sologub, who as part of the previous management team oversaw a comprehensive clean-up of Ukraine’s banking sector.

PMs of Albania and North Macedonia lash out at EU over lack of accession progress

Valentina Dimitrievska in Skopje June 23, 2021

Bulgarian veto on start of accession talks with North Macedonia blocks both countries.

Columnist makes case that Turkey has become caricature state

bne IntelIiNews June 23, 2021

“The spiral of mismanagement has been running at full speed, at times astonishing even Erdogan loyalists,” writes Burak Bekdil.

Czech central bank raises key rate by 25bps to 0.5%

bne IntelliNews June 23, 2021

Global inflationary pressures together with the fast recovery in the region from the pandemic are sparking fears that this could set off an inflationary spiral.

Russia fires warnings shots across the bows of UK warship off the Crimea shores

bne IntelliNews June 23, 2021

In the first exchange of fire since the end of the Cold War, a Russian ship fired warning shots across the bows of a UK naval ship off the coast of Crimea on June 23.

Kazakhstan unlikely to meet Paris commitments

Eurasianet June 23, 2021

Nur-Sultan likes to boast of its green credentials, but the reality, say researchers, is a carbon-intensive “business as usual.”

Bulgaria keeps veto on launch of EU accession talks with North Macedonia

Valentina Dimitrievska in Skopje June 22, 2021

No progress towards EU membership for North Macedonia or Albania despite pressure on Bulgaria from fellow member states to drop veto.

Hungary’s central bank begins monetary tightening cycle by raising rates for first time in 10 years

bne IntelliNews June 22, 2021

MNB becomes first central bank in the EU to raise rates since the outbreak of the pandemic.

Moneta Money Bank shareholders fail to back PPF takeover

Robert Anderson in Prague June 22, 2021

PPF is expected to restructure the deal to achieve its long-term ambition to build a Czech banking empire.

Romanian developer One United Properties to launch IPO

Iulian Ernst in Bucharest June 22, 2021

One United contracts new loans as it aims to raise €54mn with 10% IPO, which would price the company at up to €540mn.

OSCE election observers praise free and fair conduct of Armenian election

Neil Hauer in Yerevan June 21, 2021

Observation comes with main opposition alliance refusing to concede what official results show was a crushing defeat.

Turkey to import wheat and animal feed barley amid substantial price gains and drought

Akin Nazli in Belgrade June 21, 2021

USDA cuts 2021/22 Turkish barley and wheat production estimates.

Putin unveils a new pre-election spending boost

Ben Aris in Berlin June 21, 2021

Russian President Vladimir Putin hopes to give the flagging support for the ruling United Russia party a pre-election boost by unveiling another big spending package on the social sphere and infrastructure ahead of the September 19 Duma elections.

Ukraine imposes sanctions against oligarch Dmitry Firtash for trading titanium with Russia

Ben Aris in Berlin June 20, 2021

The government in Ukraine has imposed sanctions on oligarch Dmytro Firtash for selling titanium to Russian defence sector enterprises at a time when Ukraine was de facto at war with its north-eastern neighbour.

EU reaches deal on sectoral Belarus economic sanctions

Ben Aris in Berlin June 20, 2021

The European Union has agreed on a broad package of sanctions on Belarus that target the latter's key sectors, including sanctions on the financial sector, and overcoming objections from Austria.

Confusion over the Biden administration's commitment to military support for Ukraine

Ben Aris June 20, 2021

There is a confusion over the commitment of the Biden administration to military support for Ukraine after reports appeared over the weekend that a $100mn military aid package that includes lethal weapons had been suspended.