News

China, India overtake Germany as Russia’s biggest buyer of crude oil

bne IntelliNews June 22, 2022

Oil imports by China and India from Russia have surged thanks to the sanctions on Russia in May to overtake Germany as Russia’s biggest trade partner.

Tajikistan: Citizen journalists targeted by relentless repression machine

Eurasianet June 22, 2022

Conventional media outlets have all been obliterated by the government.

Warnings of more political instability if Bosnia fails to secure EU candidate status

bne IntelliNews June 22, 2022

President Dodik threatens to scupper cross-party agreement to work towards EU membership if member states don’t offer candidate status at this week’s EU Council meeting.

Prague council corruption case rocks Czech political scene

bne IntelliNews June 22, 2022

Heads roll and opposition parties demand ejection of STAN party from the government after kickbacks scandal.

Russia demands end to Kaliningrad transit restrictions

Linas Jegelevicius in Vilnius June 21, 2022

Lithuania says restrictions are due to EU sanctions and talk of blockade is 'plucked out of thin air'.

South Korea’s W-Scope to build €720mn battery separator film plant in Hungary

bne IntelliNews June 21, 2022

The €720 million project creating 1,200 jobs is the largest investment so far announced this year in the country.

EU neighbours push for Bosnia to get candidate status

bne IntelliNews June 20, 2022

Croatia and Slovenia want Bosnia to be given candidate status along with Ukraine at this week’s EU Council meeting.

Serbia to produce enough wheat to feed the Western Balkans

bne IntelliNews June 20, 2022

Amid high demand and fears of shortages, agriculture minister says Serbia will produce 3mn tonnes of wheat this summer.

Face to face with Putin, Kazakhstan’s president refuses to recognise Ukraine breakaway republics

Peter Baunov in Nur-Sultan June 20, 2022

Hours later, Moscow announces difficulties with Kazakh oil shipments. Some analysts, however, argue the Kremlin benefits from Nur-Sultan’s moves to avoid sanctions.

Hungary’s EU ambassador steps down two weeks after blocking the extension of sanctions to Patriarch Kirill

bne IntelliNews June 20, 2022

Hungary’s permanent representative to the EU, Tibor Stelbaczky, has reportedly stepped down from his post. The Hungarian Embassy in Brussels refused to confirm or deny the report.

North Macedonia’s opposition VMRO-DPMNE seeks snap elections with major protest

Valentina Dimitrievska in Skopje June 19, 2022

Thousands join opposition protest in Skopje, where anti-government sentiment is fuelled by soaring living costs and failure to progress towards EU accession.

Putin praises Bosnia’s Dodik for loyalty to Russia

bne IntelliNews June 19, 2022

Bosnian Serb leader travels to St Petersburg for SPIEF 2022 forum after blocking Bosnian efforts to impose sanctions on Russia.

Putin lashes out at the West during his SPIEF keynote and prepares Russians for a long fight

Ben Aris in Berlin June 18, 2022

Putin lashed out at the West during his keynote speech at St Petersburg International Economic Forum (SPIEF) on June 17, claiming that it was using Russia as a scapegoat to excuse its failure to control inflation.

FBK accuses Putin and Miller of using Gazprom as “bottomless purse” in latest scandal report

bne IntelIiNews June 18, 2022

A report by Navalny's Anti-Corruption Foundation claims Gazprom CEO Alexey Miller has allegedly embezzled from Russia's gas giant to fund a network of properties and offshores. Putin's inner circle is also accused of profiting from the theft.

Albania trails neighbours in auto-parts production but economists see a chance to catch up

bne IntelliNews June 17, 2022

IFC and World Bank report says Albania could take advantage of new opportunities created by post-COVID nearshoring and shift to e-mobility.

Czechia to appeal €625mn international arbitration award over cancelled blood plasma contract

bne IntelliNews June 17, 2022

Diag Human wins investment protection treaty claim in 30-year-old case.

'Ukraine belongs to the European family,' declare EU premiers

Dominic Culverwell in Berlin June 17, 2022

Leaders of Germany, France, Romania and Italy announced their support for Ukraine’s European Union candidate status, but with qualifications, at a major meeting in Kyiv on June 16.

All bang and no buck at Russia's SPIEF22

bne IntelIiNews June 17, 2022

Russia's premier investment event normally attracts thousands of business people from across Europe to hobnob with the Russian elite, but this year a mere 115 Western companies chose to take part.

High-ranking politicians from Serbia and Bosnia attend ‘Russia’s Davos’ shunned by West

bne IntelliNews June 17, 2022

While most European leaders stayed away from the SPIEF 2022 forum after Russia’s invasion of Ukraine, Bosnian President Milorad Dodik was there and made a rousing defence of Putin.

Turkey on verge of total bankruptcy says Erdogan’s former economy czar

bne IntelIiNews June 16, 2022

“The future of our children is at stake. We are faced with a matter of economic and financial survival,” says Ali Babacan.

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