News

Kaczynski’s “hat trick” latest in slew of PiS promises ahead of key election in Poland

Wojciech Kosc in Warsaw September 9, 2019

PiS is campaigning heavily before the October 13 general election in Poland that the incumbent party hopes to win big in order to secure the domination it gained in 2015.

Moldovan banks close accounts of key Transnistrian companies

Iulian Ernst in Bucharest September 9, 2019

Moldovan central bank says move is in line with international regulations against money laundering and terrorism financing, but officials in the breakaway republic suspect a political motive too.

Record lending fuels Hungary's banking sector growth

Levente Szilagyi in Budapest September 9, 2019

Hungarian banks reported near-record profit in the first half spurred by an upswing in lending, but the branch of networks continued to shrink, central bank data showed.

Opposition MPs boycott vote as “Moscow's man” Gakharia is made Georgia’s PM

Iulian Ernst in Bucharest September 9, 2019

Decision to make controversial interior minister the new prime minister set to fuel tensions in the run-up to next year's general election.

Bosnia holds peaceful first pride parade amid heavy police presence

bne IntelliNews September 8, 2019

Bosnia's first pride parade was attended by thousands, going beyond the organisers’ expectations that only around 500 people would participate.

EU’s Hahn ready to help Bosnia solve political deadlock as deadline for PM nomination expires

Denitsa Koseva in Sofia September 7, 2019

Bosnia has been without a government since the October 2018 elections, as deep divisions over its relationship with Nato have kept party leaders from forming a coalition.

Ukraine and Russia swap 70 prisoners of war

Ben Aris in Berlin September 7, 2019

Among those released in the first concrete move towards ending the conflict between the two countries were Ukrainian film director Oleg Sentsov and the 24 sailors captured by Russia during a naval clash in the Kerch Strait in November.

Ukraine's long awaited anti-corruption court starts work

bne IntelliNews September 6, 2019

It took Ukrainian President Volodymyr Zelenskiy three working days to do what former president Petro Poroshenko failed to do over several years. Ukraine’s Anti-Corruption Court started work on September 5, as planned.

Hungarian central bank governor calls for comprehensive stimulus programme

bne IntelliNews September 6, 2019

To continue with catching up to the west, Hungary’s growth needs to outpace the EU average of 2%, says central bank governor Gyorgy Matolcsy.

Turkish Airlines files awaited downward revision in 2019 targets

Akin Nazli in Belgrade September 5, 2019

Flagship carrier cuts revenue forecast by $0.6bn and passenger volume expectation by 4mn. Difficulties include serious teething problems at Turkey’s new mega airport.

Fox Marble launches €195mn arbitration proceedings against Kosovo

Valentina Dimitrievska in Skopje September 5, 2019

Fox says there was a "clear failure by the Kosovo government" to protect its rights over the Malesheva quarry.

Moldova’s government abrogates concession contract for Chisinau airport

Iulian Ernst in Bucharest September 5, 2019

Decision came shortly after a fund owned by Nat Rothschild took control over Avia Invest, which holds the concession, from an unknown owner represented by Ilan Shor, the visible beneficiary of Moldova's $1bn bank frauds.

Wave of anti-China protests poses dilemma for Kazakhstan’s new president

bne IntelliNews September 5, 2019

Many ordinary Kazakhs who see the Chinese as an economically invasive force of no benefit to them want Kassym-Zhomart Tokayev to cancel his upcoming visit to Beijing.

Hungarian PM's aspirations to designate EU enlargement commissioner fall through

bne IntelliNews September 4, 2019

Viktor Orban's track record in hollowing out democratic institutions and weakening the rule of law likely put pressure on the new European Commission president not to go ahead with nomination of Hungarian ex-justice minister Laszlo Trocsanyi.

Fitch warns political turmoil impairs Romania’s capacity to pursue needed economic adjustments

bne IntelliNews September 4, 2019

The break-up of Romania's governing coalition increases political uncertainty ahead of a busy electoral calendar and amid a backdrop of rising macroeconomic imbalances.

Ukraine government sees 40% GDP growth in five years, triggers worries over debt repayment

bne IntelliNews September 4, 2019

Ukrainian Prime Minister Oleksiy Honcharuk expects that Ukraine's GDP will grow by 5% in 2020, and over the next five years the government will ensure that the economy grows by "at least 40%"

Czech billionaire Petr Kellner’s Home Credit is one step closer to Hong Kong stock exchange listing

Nelly Tomchikova in Prague September 4, 2019

Hong Kong Stock Exchange Listing committee has given the green light to Czech consumer lender Home Credit of Czech billionaires Petr Kellner and Jiri Smejc to IPO on the exchange, daily E15.cz reported on September 2.

Hungary tops OLAF fraud statistics

bne IntelliNews September 3, 2019

The European Anti-Fraud Office carried out the highest number of investigations in Hungary among EU members last year and closed the most cases with recommendations.

Russia's Rosneft oil major claims Druzhba crisis still unresolved

bne IntelliNews September 3, 2019

Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.

UK-based Dechra shifts testing operations to Croatia, Netherlands ahead of Brexit

Clare Nuttall in Glasgow September 3, 2019

Veterinary medicine company with two centuries of history in England moves analytical testing operations abroad as part of its preparations for a hard Brexit.

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