News
Saudi Arabia restores 2mnbpd out of 5.7mnbpd following drone missile attack
Saudi Arabia has already restored 2mn barrels per day (bpd) of oil production from the 5.7mnbpd that were knocked out by last weekend’s drone and missile attack on its largest production facilities at Abqaiq and Khurais.
Ukraine central bank brands attacks on former governor as 'terror' against reformers
The board of the National Bank of Ukraine (NBU) has branded a series of attacks on its former governor Valeria Gontareva, her family and property as "no longer a series of incidents", but "terror".
Bulgaria’s Bulgartransgaz signs deal on Turkish Stream construction with Arkad
Contract signed after Supreme Court ruling reinstates Arkad as winner in the tender to build the Bulgarian leg of the second line of the Turkish Stream pipeline.
Zelenskiy overtakes Putin in Russian popularity polls as Russians become increasingly vocal
Stark contrast between Ukraine's two vibrant and hotly disputed elections this year and the turgid recent Moscow city government elections where most opposition candidates were barred have fuelled dissent in Russia.
Poland and Lithuania say Nord Stream 2 is energy security threat in CEE region
Warsaw and Vilnius fear Moscow will use the pipeline as a geopolitical tool against the region, Ukraine in particular.
Poland hints at stopping purchases of Russian gas altogether
Poland finally has the infrastructure to reduce dependence on Russian gas, after it built an LNG terminal in the western town of Swinoujscie.
Turkey's banking regulator demands lenders write off $8bn of loans
Officials make big move against fallout from currency crisis.
Money continues to flow out of Hungarian investment funds
€792mn divested from investment funds in June-August, as retail investors preferred the new Hungarian super bond.
Russia, Belarus reportedly ink 'economic confederacy’ roadmap
Russia and its neighbouring post-Soviet republic Belarus have inked a roadmap with the aim to form "an economic confederacy" by 2022, the Kommersant business daily reported on September 16.
Azerbaijan launches massive military drill
Azerbaijan’s armed forces launched massive operational and tactical exercises involving up to 10,000 personnel on September 16, in show of strength related to its long running dispute with Armenia over the disputed Nagorno Karabakh region
Study shows Slovaks trust carmakers and banks more than politicians and government
Slovaks see carmakers as more trustworthy than politicians, according to a new survey conducted by IMAS International for Erste Group, the Slovak News Agency (SNA) reported on September 16.
EU moves forward with Article 7 procedure against Hungary
Hungary’s incoming Justice Minister Judit Varga was grilled at the first hearing by EU affairs ministers, as Budapest tries to play down criticism over the rule of law and frame procedure as an attack on its anti-migration policies.
Trump stops short of pinning definitive blame on Iran for Saudi oil attacks
Critics may see his cautious approach as evidence of a vulnerability: an aversion to getting dragged into an unpopular Middle East war in the run-up to the 2020 US election.
Albania drafts new project for Vlora airport
The Albanian authorities renewed their efforts for the project after negotiations with a Turkish tie-up of Cengiz, Kolin and Kalyon failed in April this year due to disagreements with the government over the project.
Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way
Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.
Zelenskiy looking for a breakthrough to end the Donbas conflict with Russia
Zelenskiy hopes to secure the withdrawal of Russian forces from the Donbas in the east of the country, where more than 13,000 Ukrainian servicemen have been killed in the conflict in the last five years.
Ukraine’s infrastructure ministry may pay compensation to Kolomoisky for Ukraine International Airlines' sanctions loses
Ministry says it is willing to pay a reported $216mn of compensation to Ukraine International Airlines that belongs to oligarch Ihor Kolomoisky for loses incurred because of a Russian overflight ban.