News

Romania officially becomes an emerging market

bne IntelliNews September 21, 2020

Bell rings on Bucharest Stock Exchange's first session after elevation to emerging market status, opening up the Romanian capital market to funds with billions of euros under management.

Hackers release another 1,000 Belarusian police officers' names after OMON again ratchets up violence at weekend rallies

Ben Aris in Berlin September 21, 2020

Riot police, operating in larger groups, slowly escalating level of violence. Officers are grabbing protesters making their way home. Scandalous move sees authorities intern six-year-old son of detained activist in orphanage.

Cargolux launches Shenzhen-Budapest cargo flights

Tamas Szilagyi in Budapest September 21, 2020

A significant proportion of the e-commerce goods originating from China arrive in Central and Eastern Europe from the Shenzhen area, putting Budapest in a strong position in the region's trade with China.

US flips Security Council the bird on Iran

bne IntelIiNews September 20, 2020

Washington claims right to unilaterally reimpose UN sanctions on Tehran. France, Germany and UK lead opposition to move they say is legally void.

Skopje tries to fix row with Bulgaria over revolutionary hero that could derail EU bid

bne IntelliNews September 19, 2020

Both sides claim ownership of Goce Delcev, who fought for an independent Macedonia at the turn of the 20th century.

Foreign investors drop net $30mn of Borsa Istanbul shares

Akin Nazli in Belgrade September 18, 2020

“Sad to see Turkey's weight in MSCI Emerging Markets index hitting all time low at 0.3%,” remarks observer. Regulator cuts “direct market access” of UBS’ London branch to stock exchange. Garanti BBVA's Spanish parent at lowest level since 1995.

Sberbank starts taking climate risk seriously

By Richard Lockhart in Edinburgh September 18, 2020

Russia’s Sberbank has set out its climate agenda, which aims to reduce the bank’s carbon footprint and put climate risk at the top of its investment strategy.

Zelenskiy's rating down by a quarter in just three months

Ben Aris in Berlin September 18, 2020

Ukrainian President Volodymyr Zelenskiy’s approval rating has tumbled from over 70% last year to just 29% now, but he remains by far the most popular politician in the country.

Poland’s ruling coalition in crisis over Kaczynski’s pet bill on animal rights

Wojciech Kosc in Warsaw September 18, 2020

Poland’s United Right coalition appeared to be coming apart at the seams after a bill boosting protection of animal rights passed in the parliament thanks to cross-party support rather than the usual partisan vote.

Kosovan opposition MPs block adoption of economic recovery law

Iulian Ernst in Bucharest September 18, 2020

Head of Kosovo's Chamber of Commerce says "economic collapse is inevitable" without the law as businesses will be forced into bankruptcy without state support.

Lukashenko warns of war, closes the Western borders… not

Ben Aris in Berlin September 18, 2020

Belarus' President Alexander Lukashenko called on the people of Poland and Lithuania to “stop your crazy politicians”, who he warned are spoiling for war, and announced that he was closing the borders with Poland, Lithuania and Ukraine.

Novichok found in a water bottle in Navalny’s hotel room

bne IntelliNews September 18, 2020

Colleagues of anti-corruption blogger and opposition activist Alexei Navalny found a bottle of water containing traces of the nerve agent Novichok used to poison him in a water bottle in his hotel room in Tomsk.

FPRI BMB Russia: Russia approves a new federal budget with 4.4% GDP deficit

FPRI BMB Russia September 18, 2020

The Russian government approved the Ministry of Finance’s proposal for Russia’s 2021-23 budget on September 16, which has been amended to include a 4.4% GDP deficit

Foreign investors' share in Turkey’s sovereign eurobonds falls south of 50%

Akin Nazli in Belgrade September 17, 2020

Day also sees Turkish lira slump to latest all-time low.

Croatian electric supercar champion reportedly closing in on Bugatti acquisition

bne IntelliNews September 17, 2020

Croatia’s Rimac Automobilii is understood to be close to a deal with VW Group to acquire luxury automaker Bugatti.

Pentagon ‘has no plans to withdraw’ from Incirlik nuclear airbase in Turkey

bne IntelIiNews September 17, 2020

Statement comes after Republican senator said US was considering shifting forces to Crete given that the path Turkish president Erdogan is on “is not good”.

Protesters rally against PiS’ plans to ban fur farms in Poland

bne IntelliNews September 17, 2020

Several hundred protesters gathered in front of the headquarters of Poland’s ruling Law and Justice party to rally against plans to ban fur production in Poland.

Human Rights Watch documents police beatings, torture of protesters

Ben Aris in Berlin September 16, 2020

Human rights watchdog Human Rights Watch has released a report detailing the brutal police beatings and torture by Belarusian security forces during the crackdown on demonstrations after the blatantly falsified presidential elections.

Moody's downgrades 13 Turkish banks, outlooks kept at negative

Akin Nazli in Belgrade September 16, 2020

Move follows unscheduled cutting of Turkey’s sovereign rating to all-time low in junk five days ago.

Demonstrators protest as Chinese top diplomat visits Ulaanbaatar amid row over claimed native language suppression in Inner Mongolia

Anand Tumurtogoo in Ulaanbaatar September 16, 2020

Many Mongolians outraged, claiming Beijing is muzzling Mongolia into submission. But nation's economy hugely dependent on China, which accounts for more than half of its foreign trade. Ministers unlikely to see provoking giant neighbour as an option.

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