Daily List

bne

Russia's Gazprom said on October 29 that it will seek to open talks with the new European Commission on expanding its access to the Opal pipeline, which...Read more

Kester Eddy in Budapest

Hungary's bungled handling of the US visa ban on what Washington calls corrupt government officials has focused international attention on...Read more

bne

The European Union may step up sanctions on Russia if the Kremlin recognises elections to be held by rebels in Ukraine's eastern Donbass region on November...Read more

David O'Byrne, Kester Eddy and Nicholas Watson

When Hungary's Napoleonesque prime minister, Viktor Orban, declared in a grandiose speech in July that Vladimir Putin's Russia is a more attractive...Read more

Erste

After yesterday's FOMC meeting, no significant changes to the monetary stance were announced. Hints concerning the timing of the first interest rate hike...Read more

Andrew MacDowall in London

Serbia is not attempting to balance EU ambitions with close ties with Russia, Serbian Prime Minister Aleksandar Vucic told bne, indicating he would toe the...Read more

David O'Byrne, Kester Eddy and Nicholas Watson

When Hungary's Napoleonesque prime minister, Viktor Orban, declared in a grandiose speech in July that Vladimir Putin's Russia is a more attractive...Read more

bne

Egypt has joined Greece and Greek Cyprus in calling for Turkey to stop exploration work for gas deposits in disputed waters off the Cyprus coast. Turkey's...Read more

Businessweek

Bulgarian ex-Prime Minister Boyko Borissov plans to form a minority government to avoid a rerun of this month's election, risking further political upheaval...Read more

MINA

Macedonian police is working to determine the exact type of weapon used to fire two bullets at the Government building on Tuesday evening. Interior Minister...Read more

October 30, 2014
October 30, 2014

Jacopo Dettoni in Almaty

Centerra Gold has warned that its long-debated restructuring would would be jeopardised if the Kyrgyz government lost a...Read more

bne

Kazakhstan's giant copper producer Kazakhmys increased its output of copper cathode by 10% year on year to 59,000 tonnes in its eastern province of deposits...Read more

Trend

The US continues to encourage the sides to take constructive steps to resolve the Nagorno-Karabakh conflict, spokesperson for the US Department of State Jen...Read more

EURASIANET

Turkmenistan has the world's fourth-largest natural gas reserves and exports billions of dollars worth of gas every year. But its copious reserves are...Read more

Tenginews

Advisor to the Governor of the National Bank of Kazakhstan Olzhas Khudaibergenov explained the losses of the Single Pension Fund (SPF) as of the end of...Read more

October 30, 2014
bne

The European Union may step up sanctions on Russia if the Kremlin recognises elections to be held by rebels in Ukraine's eastern Donbass region on November...Read more

bne

The European Union is to provide written guarantees covering payments to Russia for gas supplied to Ukraine, according to the CEO of Russia's state gas...Read more

bne

The US Federal Reserve announced that the monetary policy of quantitative easing had been concluded, after its meeting on October 28-29. The announcement...Read more

bne

German exports to Russia collapsed by 26.3% on year in August, after sanctions imposed by the West in Russia over alleged aggression in Ukraine, and...Read more

UralSib

Fed ends QE, EMs again stronger than DMs. The FOMC meeting failed to deliver any real surprises as the Fed announced it would end its QE program next month...Read more

October 30, 2014
bne

The European Union may step up sanctions on Russia if the Kremlin recognises elections to be held by rebels in Ukraine's eastern Donbass region on November...Read more

bne

The European Union is to provide written guarantees covering payments to Russia for gas supplied to Ukraine, according to the CEO of Russia's state gas...Read more

bne

The People's Front party, founded and led by Ukraine's prime minister Arseny Yatsenyuk, and President Petro Poroshenko's eponymous Petro Poroshenko Bloc are...Read more

bne

Ukraine's newly elected MPs currently earn only UAH6500, or $500 per month, complained a prominent journalist elected to parliament on October 26.

...Read more

Concorde Capital

Ukrainian equities drew demand in Europe on Wednesday, Oct. 29. The WIG Ukraine Index of Warsaw-traded stocks increased 0.2%, or 5.3% in four straight...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

October 27, 2014
Nick Kochan in London

Documents related to a Moscow arbitrage court hearing seen by bne allege there is a €145m hole in the finances of a now-bankrupt Russian insurance company...Read more

Galt & Taggart

Banking System Structure: The Kazakh banking system reported assets of KZT15,463 billion ($99 billion) as of 1 January 2014,2 equivalent to 46% of GDP.3 The...Read more

bne

Russian banks depositors prefer bank safes rather than deposits because of their non-confidence to the credit institutions and uncertainty in political...Read more

bne

Around a dozen Eurozone banks have failed stress tests and will need to find new capital, the European Central Bank will reveal on October 26, a report...Read more

Concorde Capital

The National Bank of Ukraine (NBU) estimates the total recapitalization needs of the three state banks at UAH12.5bn, which the State Savings Bank (...Read more

October 27, 2014
bne

Russian mobile telecoms giant MTS has put its Ukrainian subsidiary up for sale, according to business daily Vedomosti. In the second quarter of 2014, MTS...Read more

Belta

Belarus has improved its positions on the global Internet access ranking Ookla Netindex, BelTA learned from representatives of the Belarusian...Read more

bne

Russia's communications ministry is not discussing preferences for Internet search engine Sputnik, launched by telecom giant Rostelecom in May and intended...Read more

TASS

The CyberBerkut group of hacktivists said on Saturday it had disrupted the functioning of the electronic counting system and the website of the Ukrainian...Read more

Portfolio.hu

Hungary's Economy Minister Mih‡ly Varga has on Tuesday submitted to Parliament a draft on changes to the tax regime to be implemented in 2015. An amendment...Read more

October 27, 2014
bne

Kairat Kelimbetov, head of Kazakhstan's central bank, has denied there are plans to devalue the national currency amid the falling oil prices and Russian...Read more

bne

The Polish economy continues to spit out mixed signals to keep investors and the central bank on their toes. Better-than-expected industrial production in...Read more

Kester Eddy in Budapest

Rozsa Beer is crystal clear when it comes to offering her opinion on the Hungarian economy. Mrs Beer, 59, who has retired from running a small knitting...Read more

bne

Polish industrial production data reported on October 17 offered a rare bright spot in the recent gloom that has sat over Central Europe. The data could...Read more

Renaissance Capital

We expect external debt repayments to peak in 4Q14. We tentatively assume RUB43/$ at end-2014. If oil prices bounce back to $105/bl in 2015, we believe the...Read more

October 27, 2014
bne

Media group ITI and French group Canal+ put their 51% stake in TVN - one of Poland's major television broadcasters - up for sale late on October 16. The...Read more

Tim Gosling in Prague

Latvia has halted talks with E.ON over buying a 47% stake in national gas utility Latvijas Gaze because the price is too high, the country's prime minister...Read more

Tim Gosling in Prague

With Russia playing cat-and-mouse with Europe over gas deliveries, the need to diversify energy supplies has never been greater. However, the deadlock over...Read more

UralSib

Agrees to acquire 40% in Concept group ... AFK Sistema (SSA LI - Not Rated) announced yesterday that it has agreed to acquire a 40% stake for RUB1bn ($25m)...Read more

Erste

According to press sources, INA has won a lawsuit against the state at the highest court in Croatia and will receive Croatian exploration concessions back (...Read more

October 27, 2014
Jan Cienski in Warsaw

Poland is a fairly flat country with few striking landmarks, an architectural heritage that pales in comparison with France and Italy, no queen and it has a...Read more

bne

Hungary announced on October 22 that it is preparing legislation that would allow it to bypass EU oversight and start building its section of the South...Read more

bne

When Russian President Vladimir Putin cut off European Union imports of agricultural products earlier this year, one of the rationales was to give a boost...Read more

bne, Ria, Concorde Capital

The European Parliament voted on Oct. 23 to prolong its unilateral free trade regime with Ukraine until the end of 2015. In April 2014, the parliament...Read more

bne

Excitement is building that stalled nuclear power projects around Central and Eastern Europe might finally get off the ground, following a recent agreement...Read more

October 27, 2014
RIA Novosti

A contract has been signed on the construction of a major logistics base in the northeastern Chinese city of Harbin for trade and economic cooperation with...Read more

Sberbank CIB

Mostotrest and four other construction heavyweights (Stroygazconsulting, Crocus International, Koltsevaya Magistral and DSK Avtoban) have submitted bids in...Read more

bne

Russia will start constructing a RUB29bn bridge across the Amur River on the border with China, together with the country in 2016, a year later than...Read more

Terrence Edwards in Ulaanbaatar

The Trans-Mongolian Railway badly needs an overhaul if it is to operate as an effective trade route between Russia and China. That could finally happen now...Read more

TASS

Four staff members of Moscow's Vnukovo International Airport were detained on suspicion of their duties' negligence in regard to the Falcon-300 private jet...Read more

October 27, 2014
bne:Chart

Is Russia still an ethical investment? bne sources say some fund managers have been pulling their money out of Russia, afraid of reputational risks or...Read more

October 27, 2014
bne

Korean Air will participate in the capital hike of struggling flag carrier CSA Czech Airlines, the Central European airline said on October 23. CSA, which...Read more

bne

A long-discussed bill aimed at reducing Russian businesses' use of offshore vehicles for tax avoidance has been introduced to parliament.

The draft...Read more

bne

Latvia has halted talks with E.ON over buying a 47% stake in national gas utility Latvijas Gaze because the price is too high, the country's prime minister...Read more

bne

Russian oil giant Lukoil said on October 22 that is working on a possible listing on the Hong Kong Stock Exchange, Lukoil Vice President Leonid Fedun told...Read more

The Moscow Times

Russia's Rosneft Chief Executive Igor Sechin said he sees share price at no less than $8.12 per share at possible stake sale by the state, news agencies...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.