Daily List

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Police raided offices across the country belonging to Slovakia's dominant power producer Slovenske Elektrarne on July 23 hunting for documents from related...Read more

By Jan Cienski in Warsaw

Poland's economy is showing increasing signs of slowing, with new data released on July 23 indicating sluggish retail sales growth. The poor numbers come on...Read more

Jan Cienski in Warsaw

Polish refiner PKN Orlen continues to be haunted by its disastrous 2006 decision to invest in Lithuania's Mazeikiu refinery. The company announced on July...Read more

Reuters

The Czech Republic's coalition appeared to be in disarray on Wednesday after parliament approved a surprise cut in petrol tax and then overturned that...Read more

Portfolio

Hungarian oil and gas group MOL responded to the Croatian Economy Minister saying the government may prepare to buy out MOL from INA. It said in a statement...Read more

bne

Bulgaria's coalition government announced its resignation on July 23, as widely expected ahead of snap elections scheduled for October. The next government...Read more

David O'Byrne in Istanbul

Turkey's state-owned high street bank Turkiye Halk Bankasi is to sell its insurance subsidiary Halk Sigorta and its life insurance and pensions subsidiary...Read more

bne

Chisinau plans to appeal to the World Trade Organisation (WTO) for sanctions against Russia after Moscow banned fruit and vegetable imports from Moldova....Read more

Today Online

Kosovo's constitutional court suspended the appointment of the speaker of parliament on Wednesday, deepening a political crisis over who gets to rule the...Read more

Romania Insider

Romania will open a legal case against Italian group Enel asking it to pay EUR 521 million for the 23.6 percent stake that the Romanian state holds in the...Read more

Visor

(KMG LI)(RDGZ KZ), HOLD, TP US$13.75/GDR Impact: NEGATIVE

Facts/News. KMG EP yesterday provided its operating update for 1H2014. The overall...Read more

Jacopo Dettoni in Ulaanbaatar

After experiencing the buzz of double-digit growth rates and lavish interest from international investors, Mongolia's economic miracle has turned a bit...Read more

RFE

The chairman of the youth wing of the opposition Musavat (Equality) party in Azerbaijan has been detained.

Musavat party officials say Farac Karimli...Read more

RFE

Russia's cement-producing giant Eurocement is facing the loss of its facility in Uzbekistan in a nationalization drive by the Central Asian country.

...Read more

Eurasia.net

The idea of linking Turkmenistan, Afghanistan and Tajikistan by rail appears to have wheels once more, following reports earlier this year that the project...Read more

Press release

A majority of the Board of Directors of the European Bank for Reconstruction and Development (EBRD), including all EU member states and several non-EU...Read more

DeAWM

Asoka Wšhrmann, CIO Deutsche Asset & Wealth Management, on the geopolitical tensions

I.ÊUkraine-Russia conflict: political implications

...Read more

RIA Novosti

Russia may suspend imports of all food products from Ukraine due to the country's association with the European Union, a senior official with Russia's...Read more

Tim Ash, Standard Bank

What is now clear on the ground is that Ukraine is at war, and with significant casualties suffered now by both sides on a daily basis - tens of lives lost...Read more

RIA Novosti

The cockpit voice recorder (CVR) of the Malaysia Airlines Boeing 777, which crashed in eastern Ukraine on July 17, is in good condition, the International...Read more

Tim Ash, Standard Bank

What is now clear on the ground is that Ukraine is at war, and with significant casualties suffered now by both sides on a daily basis - tens of lives lost...Read more

Concorde Capital

EU Energy Commissioner GŸnther Oettinger opposes sanctions on Russian natural gas and oil but doesn't rule out sanctions on energy technology and equipment...Read more

Concorde Capital

Ukraine's Interior Ministry has irrefutable evidence of Russian Defense Minister Sergey Shoygu's involvement in transferring Russia military hardware to...Read more

Reuters

Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday Kiev would impose sanctions on Russian individuals and companies who directly or indirectly...Read more

RIA Novosti

The cockpit voice recorder (CVR) of the Malaysia Airlines Boeing 777, which crashed in eastern Ukraine on July 17, is in good condition, the International...Read more

bne

June 7, 2013

To cheering crowds greeting his return at the airport, Turkish Prime Minister Recep Tayyip Erdogan in general kept to his...Read more

VTB Capital

News: The Central Bank of the Republic of Turkey has published its regular weekly statistics: lending growth accelerated to 24.8% YoY and outflows from the...Read more

VTB Capital

News: Having returned home late last night, Prime Minister Tayyip Erdogan made a brief statement at 3am at Ataturk Istanbul airport to the pro-AKP crowd...Read more

Hurriyet Daily News

More than 10,000 supporters of Prime Minister Recep Tayyip Erdogan flocked to Istanbul's AtatŸrk Airport to greet him on his return from his four-day trip...Read more

VTB Capital

In May, the VTB Capital Banks Index was down 5.9%, underperforming both MSCI EM Banks (-1.9%) and MSCI RU (-3.6%). Russian banks were in a volatile trading...Read more

Weekly List

July 21, 2014
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Bulgaria extended special supervision of Corporate Commercial Bank (CCB) by two months on July 15, after politicians failed to reach agreement on a bailout...Read more

VTB Capital

In our Global Macro Watch Ð July 2014, Running out of road, we highlighted several risks facing financial markets Ð not least of which were adverse...Read more

Ben Aris in Tbilisi

Steady economic growth and low exposure to international markets have left Georgia's banking sector sheltered from the worst of the financial storms that...Read more

bne

According to a Romanian daily, OTP would like to buy Banca Millennium. The total assets of the Romanian bank were EUR 588mn and the equity value is EUR...Read more

Sberbank CIB

The US yesterday announced new sector sanctions on certain Russian companies. In the financial space, this targets Gazprombank, Russia's third-largest bank...Read more

July 21, 2014
bne

The International non-commercial organization Internet Corporation for Assigned Names and Numbers (ICANN) has approved creating a top-level domain for...Read more

Georgian Co-Investment Fund

GCF, a US$6bn Georgia based private equity fund, backed by the prominent members of international investment community, such as: Dhabi Group and Ras Al-...Read more

Sberbank CIB

IBS Group has announced the long-awaited "spin-off" of Luxoft, its offshore programming unit. However, the transaction will be structured as an exchange...Read more

Sberbank CIB

Mail.ru Group announced that its main shareholders (Naspers and entities of Alisher Usmanov) intend to convert their class A shares to common. As a result,...Read more

UralSib

Voice services may be launched in August. MegaFon (MFON LI Ð Hold) subsidiary Scartel, which operates under the Yota brand name, may start providing voice...Read more

July 21, 2014
bne

As the head of the National Bank of Kazakhstan, Kairat Kelimbetov is the leading spokesman and policymaker for economic policy in Kazakhstan. He is also a...Read more

RBS

Geopolitical risks in the region rose in July as the Ukrainian army doubled its efforts to regain control over Donbass. Last weekend, Ukraine accused Russia...Read more

bne

Moody's Analytics, a leading independent provider of economic forecasting, today released its latest economic outlook for Central and Eastern Europe (CEE...Read more

FT

Emerging and frontier market countries have borrowed a record amount of money in capital markets in the first half of this year, even as central bankers...Read more

VTB Capital

The economy entered the summer with the long-awaited convergence between demand and supply, as the abnormal strength in manufacturing output faded, while...Read more

July 21, 2014
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Poland will slash its revenue target from privatisations this year, the treasury minister warned on July 14, as Warsaw struggles to offload the smaller...Read more

Proprietary Intelligence

Russian M&A during the first half of the year fell to levels last seen in the 2009 financial crisis due to Russia-Ukraine standoff. Overall deal value...Read more

bne

Oligarch and governor of Dnipropetrovsk Ihor Kolomoisky called for firms that had "been privatised illegally" to be renationalised yesterday. Kolomoisky...Read more

bne

Poland-based Getin Bank is planning on acquisitions in Central Eastern Europe, Reuters reported on Friday. CEO Piotr Kaczmarek said the prime target is...Read more

bne

July 21, 2014

VimpelCom's Wind Italy and Hutchison are in advanced talks to combine their Italian entities, Bloomberg reports referring...Read more

Teneo

July 21, 2014

18 July 2014

The UN Security Council will hold a meeting today, 18 July, to discuss the downing of the Malaysian Airline...Read more

Ben Aris in Tbilisi

"Invest in Georgia, a market with access to over 900m people." That's one of the straplines for the state investment agency of the small Caucasus republic....Read more

bne

Polish Prime Minister Donald Tusk has had a terrible few weeks since the transcripts of several controversial conversations featuring senior ministers were...Read more

Bloomberg

Those who believe meaningful economic sanctions against Russia are possible should watch the deal-making activity of the giant state oil company Rosneft....Read more

ITAR-TASS

Russian Finance Minister Anton Siluanov does not rule out bankruptcy of debt laden metals and mining group Mechel, the minister told journalists during the...Read more

Reuters

Laws preventing airlines fromÊcharging forÊfood andÊbaggageÊÑ theÊlast obstacles standing inÊthe way ofÊsignificantly cheaper airfares inÊRussiaÊÑ will be...Read more

UralSib

Changing routes to Southeast Europe. Aeroflot Group (AFLT RX Ð Hold) has changed its routes to a number of destinations in Europe to bypass Ukraine....Read more

bne

Air Astana has once again achieved a Skytrax 4 Star rating and was named as the Best Airline in Central Asia and India at the 2014 World Airline Awards...Read more

ITAR-TASS

There were no restrictions on flights in the sector of airspace in Eastern Ukraine where the Malaysian Airlines Boeing 777 jet crashed Thursday afternoon en...Read more

The Moscow Times

Moscow's transport department will add another 153 streets toÊthe city's paid parking zone onÊAug. 1, according toÊa departmental order published online....Read more

July 21, 2014
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The tension in the West was highlighted yet again by the lopsided sanctions imposed on Russia on July 16. While Washington targeted Russian banks and oil...Read more

VTB Capital

News: AFK Sistema, which currently owns 84% in Bashneft, announced that it has received notice from OJSC REESTR of restrictions on transactions involving...Read more

bne

EM Rates - Mid range value: Spreads of EM rates vs. USD in both 5y and 10y widened marginally over the past week, trading around the middle of the 5-year...Read more

Reuters

Moscow shares fell onÊThursday after Washington imposed its toughest economic sanctions onÊRussia yet, sending shares inÊits largest oil producer Rosneft...Read more

bne

The Polish government's budget saving plan to seize most of the assets in privately run pension funds and shift them to the state-run retirement system is...Read more

VTB Capital

Dividend distribution season is approaching its peak in Russia. We estimate the total amount to be paid to portfolio investors at above USD 10bn, with the...Read more

Special Reports

Azerbaijan

Azerbaijan treads a cautious diplomatic path

Azerbaijan is in a situation Poles can sympathise with - wedged between two powerful and occasionally belligerent neighbours, both of which have occupied it in the past. But while it has in common with Poland a difficult relationship with Russia, on its other flank lies not liberal democratic Germany, but theocratic and difficult Iran.

Not quite Spring in Azerbaijan

The demonstration ended with rubber bullets, water cannon and arrests - a common denouement to protests in Azerbaijan. But were the scenes in Baku on March 10 the sign of a swelling popular movement that could topple President Aliyev, or merely a minor drama involving a small rent-a-mob bent on provocation and with little support?

Azerbaijan's ambitions in space

In February, Azerbaijan launched its first commercial communications satellite Azerspace-1, which is designed to tap into the massive demand for high-quality broadband internet, data and broadcasting services across the Caucasus, Central Asia and Africa.

Promoting Azerbaijan

While businesses are figuring out what to make of the investment opportunities in Azerbaijan, the country is hard at work at finding ways to attract investors and encourage the growth of its non-oil sector.

Baku pushes Azerbaijan's high-tech sector

A state-owned venture capital fund is poised to start making its first investments in Azerbaijan, where the government is aggressively pushing the development of its ICT sector as part of its efforts to diversify the economy.