News

State prosecutor makes u-turn in investigation into Czech PM

Nelly Tomcikova in Prague September 3, 2019

Prime Minister Andrej Babis has been facing an investigation over alleged European subsidies fraud in the Stork's Nest case for the past four years. Now the state prosecutor has changed his mind and suggested his supervisors halt the probe.

New Ukraine government pledges to launch land market in 2020

bne IntelliNews September 3, 2019

Newly elected Ukrainian Prime Minister Oleksiy Honcharuk has pledged to liberalise the nation's land market in Ukraine by the middle of the next year.

Georgia’s PM resigns, says he “fulfilled my mission”

Iulian Ernst in Bucharest September 3, 2019

Speculation that Mamuka Bakhtadze’s departure is related to intrigue surrounding nation’s flagship infrastructure project, Anaklia deep-sea port.

KPMG says Moldovan investor falsified financial statements to claim $500mn from Kazakhstan

Iulian Ernst in Bucharest September 3, 2019

Auditor’s decision to withdraw three years of reports is likely to change the outcome of the $500mn international legal battle between businessman Anatol Stati and the Kazakh state.

Turkey looks at buying Russian Su-57 fighter jets after US F-35 rebuff

bne IntelliNews September 2, 2019

Analysts warn of “slippery slope” with Ankara taking ‘Eurasian option’ of staying in Nato but deepening ties with Russia and Iran.

Russian crab licences redistribution to bring state at least $2bn

bne IntelliNews September 2, 2019

The value of new licences for crab fishing in Russia stands at RUB125.5bn ($1.9bn), Vedomosti daily reported citing the documents by the Ministry of Agriculture and approved by the Prime Minister Dmitry Medvedev.

New Ukraine foreign minister seeks Donbas peace within six months

bne IntelliNews September 2, 2019

Ukraine's newly appointed Foreign Minister Vadym Prystaiko is going to secure " a new page in the peace process" over the Donbas crisis within the next six month.

VW ‘one tax pledge away from choosing Turkey over Bulgaria for €1bn plant’

bne IntelliNews August 30, 2019

Erdogan administration reportedly trying to come up with formula that would not hit other automakers on market ravaged by recession.

Slovakia to block EU trade deal with Mercosur countries over Brazil's approach to Amazon

Nelly Tomchikova in Prague August 30, 2019

EU should use all available platforms to force Brazil to change its behaviour, says Slovak Agriculture Minister Gabriela Matecna.

Turkey’s Koc Holding confirms talks after report partner Unicredit is sizing up possible sale of Yapi Kredi Bank stake

Akin Nazli in Belgrade August 29, 2019

Shares in lender nosedive. Koc likely keen to avoid SPO that would hurt bank’s market value and reputation.

19 arrests made in “Kruja Highland” anti-drug operation in Albania

bne IntelliNews August 29, 2019

The Albanian government says large-scale cannabis plantations have been wiped out in the last few years, but the fight against drug cultivation continues.

Russian Aquaculture fishing major boosts sales 16-fold in 1H19

bne IntelliNews August 29, 2019

Russian Aquaculture boosted its turnover 16-fold year-on-year to RUB4.9bn ($73.6mn) under IFRS and emerges as a major player in the sector after only three harvests

Ukraine chief prosecutor Lutsenko resigns

bne IntelliNews August 29, 2019

Ukrainian Prosecutor General Yuriy Lutsenko signed a letter of resignation on August 29, as the nation's newly elected parliament, the Verkhovna Rada, meets for its first day of work.

Ukraine president asks parliament to appoint political novice Honcharuk for PM

bne IntelliNews August 29, 2019

Ukrainian President Volodymyr Zelenskiy has proposed 35-year-old lawyer and his close personal friend Oleksiy Honcharuk for the post of Prime Minister.

US State Department clears $500mn missile deal with Hungary

bne IntelliNews August 29, 2019

The deal would be would be the largest arms procurement since Hungary began its army modernisaton programme in 2017. PM Viktor Orban's government has accelerated efforts to overhaul its ageing weaponry.

Istanbul’s new opposition mayor scraps transfer of 350mn lira to pro-Erdogan foundations

bne IntelliNews August 28, 2019

“It’s incredible. On what are you spending the people’s money?” says Ekrem Imamoglu.

UniCredit ‘in talks to pave way for sale of stake in Turkey’s Yapi Kredi Bank’

Akin Nazli in Belgrade August 28, 2019

Italian group bought shares with Koc Holding for €2.5bn, but market value has tumbled. Shareholding hit by Turkish lira crisis and recession.

Belarus’ leading supermarket chain Eurotorg closes a $52.7mn syndicated loan facility agreement

Ben Aris in Moscow August 28, 2019

Eurotorg has set up as a modern organised retail supermarket chain to capitalise on the growth of the retail business in Belarus, which is seeing the emergence of a middle class that is driving retail development.

Turkmen police ‘detaining people standing in ATM queues amid cash shortages’

bne IntelliNews August 28, 2019

Move reported after autocrat Berdimuhamedov criticised cash machine lines. Citizens of country facing economic crisis often even have to spend night hours queuing up to access money.

Romania’s opposition not ready to find replacement for PM Dancila

Iulian Ernst in Bucharest August 28, 2019

Viorica Dancila might survive the collapse of the ruling coalition, as opposition parties are more concerned about positioning ahead of the general elections next year than forming a new ruling coalition.

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