News

Warmer climate to have positive impact on Czech economy says Deloitte study

bne IntelliNews September 16, 2020

Agriculture to suffer but other sectors would benefit, as temperatures in Czechia are set to continue rising faster than the global average.

EU’s relationship with Turkey has reached “watershed moment” says foreign policy chief Borrell

bne IntellIiNews September 15, 2020

Remarks to European Parliament come as bloc moves towards possible imposition of sanctions on Ankara over east Mediterranean drilling rights dispute.

Navalny out of coma and off ventilator, says he wants to go home

bne IntelliNews September 15, 2020

Russia’s anti-corruption blogger and opposition activist Alexei Navalny is out of his coma, off the ventilator and said on September 14 that he wants to go home to Russia in his first post on social media since being poisoned.

A third of Russians consider Russia to be a great power

bne IntelliNews September 15, 2020

About a third of Russians (37%) consider Russia a great power, another 29% think that the country will become one again in the next 15-20 years, according to the state owned pollster, the Russian Public Opinion Research Centre (VTsIOM).

Early voting accounts for almost half ballots cast in Russia’s regional elections

Ben Aris in Berlin September 15, 2020

The fact that there was such a high share of early votes cast in the September 13 elections raised concerns of vote rigging.

Poland’s mining unions threaten strikes over decarbonisation plans

Wojciech Kosc in Warsaw September 15, 2020

Polish mines will go on strike unless a deal is reached over Poland’s path to reduce the use of coal in its power sector, the country’s powerful mining unions said on September 14.

Czech Railways reported nearly CZK2bn loss due to coronavirus

bne IntelliNews September 14, 2020

Number of passengers dropped by 90% when travel restrictions were introduced but rail operator wasn't able to cut costs sufficiently, said Ceske Drahy chairman and CEO Vaclav Nebesky.

Polish e-commerce platform Allegro officially announces IPO

Wojciech Kosc in Warsaw September 14, 2020

Allegro says it hopes to raise PLN1bn (€224.9mn) from the IPO on the Warsaw Stock Exchange. It's set to become Poland’s biggest listed company and one of the biggest on the Warsaw bourse.

Lukashenko, Putin meet in Sochi, Russia grants $1.5bn bailout loan... and more?

Ben Aris in Berlin September 14, 2020

Embattled Belarusian President Alexander Lukashenko flew to Sochi in Russia and met with Russian President Vladimir Putin to broker a rescue deal on September 14.

Bulgarian court sentences populist Volya party leader for extortion

Denitsa Koseva in Sofia September 14, 2020

Businessman-turned-politician Vesselin Mareshki gets four-year sentence for extortion, claims he was “perfect victim” as Sofia seeks to improve its image on fighting corruption ahead of EU rule of law report.

Navalny’s smart voting scores rare successes in Russia’s regional elections

Ben Aris in Berlin September 14, 2020

The “smart voting” tactics promoted by anti-corruption blogger and opposition activist Alexei Navalny delivered a few successes in Russia’s regional elections held on September 13.

Bucharest to open first new metro line since 1990

bne IntelliNews September 14, 2020

The first segment of the Romanian capital's fifth metro line is opening this week wth 10 stations, serving one of the city's biggest residential areas.

Weekend spike in COVID-19 cases in Czechia and Hungary

bne IntelliNews September 14, 2020

As second wave descends on Central Europe, debate rages in Prague over PM Andrej Babis’ handling of the pandemic, while Hungary's Viktor Orban insists containment measures won’t paralyse the economy.

Estimated quarter of million Belarusians turn out for March of the Heroes

Ben Aris in Berlin September 14, 2020

Protests against Belarus’ self-appointed President Alexander Lukashenko continue to gather momentum. Protesters work to unmask and shame violent security officers online. Latest gathering blow to country’s dictator ahead of meeting with Putin.

Macron draws wrath of Erdogan after ‘attempt at driving wedge’ between Turkey’s people and leader

bne IntelIiNews September 13, 2020

Turkish president tells French counterpart “not to mess” with his country, adding “you’re going to have more problems with me”.

The Belarusian Banshees

Ben Aris in Berlin September 13, 2020

“You shall not pass!” chanted the shrieking women as the OMON riot police tried to push at least 20 women out of the way of a van full of detainees.

Poland plans concerted effort to build national photovoltaic industry

Wojciech Kosc in Warsaw September 13, 2020

Poland, which still produces over 70% of its electricity by burning climate-warming coal and lignite, has to build a cleaner energy mix in the coming decades.

Trump gets second Nobel Peace Prize nomination for Serbia-Kosovo economic normalisation deal

bne IntelliNews September 13, 2020

Critics say nomination of US government makes a mockery of the peace prize.

Moody’s hits Turkey with downgrade to all-time lowest rating in unscheduled move

Akin Nazli in Belgrade September 12, 2020

Says country’s external vulnerabilities are increasingly likely to crystallise in a balance of payments crisis, while its institutions appear unwilling or unable to effectively address the challenges.

Romania’s car production rebounds post-lockdown

Iulian Ernst in Bucharest September 11, 2020

Car production was up 10% y/y in July-August, driven by the boost in production at Ford's Craiova factory.

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