Daily List

November 24, 2014
bne/Intellinews

A poll conducted by Ipsos has shown Hungary's ruling party Fidesz losing some of its lead over the opposition following mass demonstrations against...Read more

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Poland's second biggest utility, Tauron, announced a tender for a general contractor for a new CCGT bloc at the Elektrownia Lagisza power plant, with a...Read more

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Jan Cienski in Warsaw

Poland's opposition leader Jaroslaw Kaczynski has gone from leader to loser in the country's convoluted local elections, but...Read more

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Poland's mining woes are so serious - yet the industry is so vital to the country's energy security - that the most recent effort to save the sinking...Read more

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Ben Aris in Kyiv

Ukraine's economy is on his knees after 20 years of neglect and robbery, but there is one sector that is already flourishing and...Read more

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French-owned IEL OIE Balkan Renewable Energy will start building a 50MW wind farm in the northern Serbian municipality of Kikinda in 2015, company officials...Read more

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Romania's government is considering enforcing a new taxation system for companies that exploit crude oil, natural gas and other natural resources, online...Read more

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Romania's attractiveness for investors considering whether to establish operations in Central and Eastern Europe* in 2014 increased by 2pp y/y to 9% - only...Read more

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Serbia will not have to tap the international markets by the end of 2014, the head of the country's public debt administration was quoted as saying by...Read more

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Ben Aris in Kyiv

Ukraine's economy is on his knees after 20 years of neglect and robbery, but there is one sector that is already flourishing and...Read more

November 24, 2014
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The Central Bank of Azerbaijan (CBA) is planning to invest $1bn in Asian securities markets, AzerNews reported on November 20 citing the bank's Deputy...Read more

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Kazakh miners are looking for new export markets due to the falling demand in Russia and China, Executive Director of the National Association of Mining and...Read more

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On November 23 Georgia's Prime Minister Irakli Garibashvili, inaugurated the new transport terminal of the Shah Deniz-2 gas pipeline in the Black Sea port...Read more

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Uzbekistan has halved the acreage of land dedicated to cotton production over the last 20 years to address food security, news agency AKIpress reported on...Read more

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Kazakhstan surprisingly lifted a ban imposed on the sale of a number of alcoholic beverages made in Russia in its territory, the Russian agency for consumer...Read more

November 24, 2014
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Founder of PIK Group Yuri Zhukov placed under house arrest till December 17, Kommersant reported citing a ruling by Moscow's Babushkinsky district court....Read more

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China's state-owned Three Gorges Corporation, eponymous operator of the world's largest hydroelectric plant, could take a stake in RAO ES Vostok, a...Read more

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Russian president Vladimir Putin plans to abide by the Russian constitution, and rules out monarchy or presidency for life, he said in an interview with...Read more

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Russia's government is discussing an option to cut the oil output in order to support the global oil prices, energy minister Alexander Novak told the press...Read more

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Russian Railways (RZD) could increase its 2015 investment program by another 6.5% or RUB25bn ($545mn) to RUB415bn, Prime reports citing sources in the...Read more

November 24, 2014
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President of the PACE Anne Brasseur has congratulated the Ukrainian people on the progress made towards strengthening the democratic process and rule of law...Read more

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Ben Aris in Kyiv

Ukraine's economy is on his knees after 20 years of neglect and robbery, but there is one sector that is already flourishing and...Read more

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The Ministry of Finance expects the GDP fall of 4.5% and inflation of 13.4% in 2015, Denys Fudashkin, a deputy finance minister, has told a briefing. He...Read more

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The VAB Bank, a big commercial bank based in Kyiv, was declared insolvent and was taken into provisional administration with absence of means for its...Read more

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Ukraine, that has not yet started toÊpurchase Russian gas, is acting unreasonably, Russian Energy Minister Alexander Novak told Sputnik News Agency Saturday...Read more

November 24, 2014
bne/IntelliNews

The main risk for Turkey remains a capital flows reversal, associated with monetary policy normalization in advance economies or changes in the country risk...Read more

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Turkish Dia Holding announced on November 21 that obtained a Û272mn financing from Russian Sberbank's Turkish unit Denizbank, Turkish private lender Yapi...Read more

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Garanti Bankasi, one of Turkey's largest lenders by asset size, informed in a filing with the Bourse Istanbul that it obtained on November 21 a one-year $1...Read more

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U.S Vice President Joe Biden paid a three-day official visit to Turkey, in a bid to gain more support from Ankara against Islamic State (also known as ISIS...Read more

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Ben Aris in Kyiv

Ukraine's economy is on his knees after 20 years of neglect and robbery, but there is one sector that is already flourishing and...Read more

Weekly List

November 24, 2014
bne Intellinews

The Central Bank of Russia (CBR) has published benchmark rates for capping unsecured consumer loans for commercial banks in Q1/15, under a law that was...Read more

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Czech banks extended CZK12.83bn (€464mn) in mortgage loans in October, down from CZK13.8bn a month earlier despite record-low interest rates, the Fincentrum...Read more

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Russia's second-largest bank,Êstate-controlled VTB Bank, has requested RUB250bn ($5.4bn) worth of subordinated loans from the sovereign National Welfare...Read more

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Sberbank has become the first Russian bank to launch financing of letters of credit in Chinese yuan (CNY), the bank has announced in a press release. This...Read more

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Russian ministry of economic development had prepared a bill for investing up to 20% of the sovereign National Welfare Fund (NWF), not exceeding RUB709bn,...Read more

November 24, 2014
bne/IntelliNews

It's already got its own search engine called Sputnik, but now in an effort to better control the contents on RuNet, the Kremlin plans to launch its own...Read more

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On November 17, Mail Group announced the sale of online recruitment platform HH.ru to a group of private investors led by Elbrus Capital for RUB9.85bn ($...Read more

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Czech-Slovak financial group Penta is looking to extend its recent foray into Slovak media by buying Zoznam, the country's second most viewed web portal,...Read more

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The Russian electronic trade market may exceed RUB1tn by the beginning of 2016 as compared to RUB520bn in 2013, TelecomDaily reported Thursday, referring to...Read more

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Wishes in, business continues to flourish. The volume of goods purchased by Russian consumers in foreign online stores is set to double this year to $5.1bn...Read more

November 24, 2014
bne Intellinews

Central Europe is falling behind in the innovation race, according to the European Bank for Reconstruction and Development's latest Transition Report.ÊNew...Read more

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In 2015, Central and Eastern Europe/Commonwealth of Independent States (CEE/CIS) will endure its fourth consecutive year of economic growth below 3% -Êthe...Read more

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Chris Weafer of Macro-Advisory

In a memorable speech delivered in late 1992, Britain's Queen Elizabeth II described the year just ending as an "Annus...Read more

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Russia's largest oil producer Rosneft is going to receive RUB300bn ($6.35bn) worth of state support from the sovereign National Welfare Fund (NWF),...Read more

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Russia's industrial output in October posted growth of 2.9% y/y, according to RosStat, the fastest y/y increase since December 2012. The result took...Read more

November 24, 2014
bne/IntelliNews

VTB has stopped months-long negotiations to buy the fashion house of Italian designer Roberto Cavalli, The Wall Street Journal reported Thursday, citing...Read more

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Czech beverage maker Kofola in a consortium with P&P company, controlled by Slovenia's Polic, has allegedly offered some €60mn for the purchase of the...Read more

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Hungary's MVM and MOL have submitted a joint bid for Slovak power utility Slovenske Elektrarne (SE), they announcedÊon November 20. The news is unlikely to...Read more

bne/IntelliNews

Hungary's MVM and MOL have submitted a joint bid for Slovak power utility Slovenske Elektrarne (SE), they announced on November 20. The news is unlikely to...Read more

Sberbank CIB

Mail.ru Group yesterday announced the sale of 100% of job search portal Headhunter.ru to a pool of investors led by Elbrus Capital for RUB9.85bn ($214m)....Read more

November 24, 2014
bne/IntelliNews

Russian President Vladimir Putin met with the leaders of the western world at the weekend at the G20 summit, the first face-to-face meeting of all the world...Read more

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Jan Cienski in Warsaw

An aggressive Russia and growing worries about its reliability as an energy exporter should have provided a big boost to...Read more

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Olim Abdullayev in Dushanbe

The construction of a new $3.2bn Chinese gas pipeline through Tajikistan is the most significant investment in the...Read more

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The Hungarian government has proposed a bill to protect local retailers from being driven out of business by big foreign chains. The draft bill would force...Read more

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Meat producer Cherkizovo has gained from Russia's sanctions on Western food imports, with net profit surging eightfold on the year in the third quarter to...Read more

November 24, 2014
bne/IntelliNews

A group of major train producers have complained to the Federal Anti-Monopoly Service that an international tender for the Moscow metro is designed so that...Read more

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The Russian Direct Investment Fund (RDIF) has attracted an Arab sovereign fund for cooperation in the construction of Moscow's Central Ring Road, Director...Read more

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Moscow's central Tverskaya Street has seen 19 shops and restaurants abandon their premises this past year and the sites are still vacant.

Boutiques...Read more

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President Vladimir Putin has commissioned a program for developing Russia's road network by July 2015, according to a Kremlin transcript published on Friday...Read more

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According to rough estimates, 1,247 facilities of railways' infrastructure in the east of Ukraine were damaged during military operations as of November 17...Read more

November 24, 2014
Henry Kirby in London

 

A recent poll by Russia’s Levada Centre shows that 39% of Russians believe corruption has got worse in the last 15 years, down from 60% in 2010,...Read more

November 24, 2014
Sberbank CIB

? Russia the worst performer among BRICST. Russia saw 0.40% of AUM ($177.3m) redeemed in the week to November 19, according to EPFR Global data.

...Read more

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Russian smartphone maker Yota Devices will offer shares privately to raise $100mn, a source familiar with the company's plans told Prime.

The talks...Read more

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Hungary's MVM and MOL have submitted a joint bid for Slovak power utility Slovenske Elektrarne (SE), they announced on November 20. The news is unlikely to...Read more

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CNPC is interested in acquiring a stake of more than 10% in Vankorneft, the Head of International Affairs at CNPC, Zhang Xin said, Interfax reported. No...Read more

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China'sÊstate-owned Three Gorges Corporation, eponymous operator of the world's largestÊhydroelectric plant, could take a stake in RAO ES Vostok, a...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.