Belarus decision on Eurobond placement in 2020 depends on Russian loans

bne IntelliNews July 3, 2019

Belarus may avoid placing a Eurobond in 2020 if Russia releases an inter-governmental loan of $630mn that has been snarled up in politics, the Belarusian Finance Minister Maxim Yermolovich said on July 2.

Cooperation with IMF remains a priority for Ukrainian authorities, Zelenskiy says

bne IntelliNews July 3, 2019

Cooperation with the International Monetary Fund (IMF) is a priority for the Ukrainian authorities, the nation's President Volodymyr Zelenskiy told IMF first deputy managing director David Lipton in Toronto on July 2.

Moldovan prosecutors reportedly seize properties connected to former leader Plahotniuc

Iulian Ernst in Bucharest July 3, 2019

Several properties registered with Finpar Invest Ltd have been seized in a money-laundering case, Rise Moldova investigative NGO reported, but the legal grounds for the seizures are unclear.

Plane war: Czechia and Russia ban each others flights only to reinstate them the same day

Nelly Tomcikova in Prague July 3, 2019

The Russian Ministry of Transport unilaterally banned Czech airlines Ceske Aerolinie (CSA) from flying over Siberia on the Prague-Seoul route prompting Czechia to ban Russian flights to Prague

Turkey collecting bids for 5-year eurobonds at initial price guidance of around 6.65%

Akin Nazli in Belgrade July 2, 2019

Ministry of Treasury and Finance has mandated BNP Paribas, Citigroup and HSBC in order to issue US dollar-denominated eurobonds due 2024.

The biggest banks in the Czech Republic to support investments instead of paying sector taxes

Nelly Tomcikova in Prague July 2, 2019

The biggest banks in the Czech Republic, Ceská Sporitelna, CSOB bank, Komercni Banka and UniCredit bank confirmed that they are ready to invest up to CZK7bn (€274.9mn) in the National Development Fund

Russia's government prepares new KPI for SEO managers

bne IntelliNews July 2, 2019

Russian government has prepared new Key Productivity Indicators (KPI) for top managers of State Owned Enterprises (SEOs) for the next three years, Vedomosti daily reported on July 2 citing the decree signed by the Prime Minister Dmitry Medvedev.

Russian debt and equity placements in 6M19 up 25% from 2018

bne IntelliNews July 2, 2019

Debt and equity deals by Russian corporate issuers in January-June 2019 have already exceeded all placement volume for the entire last year by 25%, RBC business daily reports on July 2 citing the estimates of Dealogic platform.

Supercar entrepreneur seeks to revitalise Croatia's car industry

bne IntelliNews July 2, 2019

Rimac Automobili founder Mate Rimac says Croatia could become Central Europe's next car manufacturing hub.

New real estate projects slated to open this year in Moscow will triple new retail space

bne IntelliNews July 2, 2019

Commercial real estate is recovering in Moscow with three large projects currently under construction that will triple the amount of new space coming on the market this year, according to a report by real estate consultant JJL.

Ukraine takes “world’s large grain exporter” title from Russia

bne IntelliNews July 2, 2019

Russia has been the global grain exporter top dog for the last three years, but as the agricultural marketing year ended on June 30, it looks like Ukraine has snatched the title back from its erstwhile rival.

Ukraine Railway gets a $500mn Eurobond away on second attempt

bne IntelliNews July 2, 2019

Ukrainian Railway followed the government into the international debt capital market with a $500mn Eurobond issued to high demand on June 2.

Continuity expected at the helm of Romania's central bank

bne IntelliNews July 2, 2019

All major political parties have swung behind Mugur Isarescu, who has headed the National Bank of Romania since 1990, despite recent clashes between government officials and the monetary authority.

South Korean e-car battery maker to set up new plant in Hungary

Levente Szilagyi in Budapest July 1, 2019

Hungary wins yet another investment amidst stiff competition, bringing it one step closer to an annual HUF10 trillion in automotive industry production, he added.

Hundreds of Kazakh oil workers protest at Tengiz oilfield, brawl with foreign workers

bne IntelliNews July 1, 2019

Kazakh oil workers rallied to protest unequal labour and pay conditions among local and foreign workers.

Russian-born UK banker sells stake in Latvian boutique bank linked to regulatory controversies

bne IntelliNews July 1, 2019

PNB, earlier named Norvik, was at the centre of the controversy that embroiled Latvia’s central bank governor Ilmars Rimsevics in early 2018 and which has continued to haunt Latvia since.

Trump-Erdogan meeting brings no logic to S-400 row but temporary relief for Turkish assets

Akin Nazli in Belgrade July 1, 2019

Markets have focused on the meeting since the Turkish side has been saying for a while that Erdogan would solve the sanctions issue with Trump in Osaka.

Iranian Guardian Council clears EEU temporary free trade agreement

bne IntelliNews June 30, 2019

Iran’s top legal vetting committee, the Guardian Council, has confirmed the bill of temporary agreement for launching a free trade agreement between Iran and the Eurasian Economic Union (EEU), according to Mehr News Agency on June 27.

Russia and Saudi Arabia agree to prolong Opec+ deal for at least six months

bne IntelliNews June 30, 2019

Russia and Saudi Arabia agreed to prolong the Opec+ global oil output cut deal for at least six months, under which 25 oil producing countries cut the extraction by 1.2mn barrels as compared to October 2018

First Gay Pride march held in North Macedonia

bne IntelliNews June 30, 2019

North Macedonia held its first Gay Pride march on June 29 with several hundred gay men, lesbians and human rights activists participating in the event.