Daily List

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The EU agreed a package to cut greenhouse gas emissions by 40% below 1990 levels by 2030 at its energy summit early on October 24. The deal was passed...Read more

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Hungary announced on October 23 that it is now ready to press criminal charges against the distributor of Norwegian NGO funds. The move is the latest in a...Read more

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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

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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

Markit

The Eurozone saw a marginal upturn in growth of business activity in October, according to the flash PMI results. The headline Markit PMI(tm) rose from...Read more

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Kosovan Foreign Minister Enver Hoxhaj said on October 23 that Kosovo and Serbia must sign a peace agreement before Serbia enters the EU, and called on...Read more

WSJ

Bulgaria's central bank is ready to let the country's fourth-largest bank fail, requiring the government to top up a fund to compensate depositors after an...Read more

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The OECD has voiced serious concerns over the record on detecting and investigating foreign bribery allegations in Turkey where just one prosecution -...Read more

Reuters

Slovenia plans to reduce its public-sector wage bill by 3 pct in 2015 to reduce its budget gap to below 3 percent of gross domestic product, in line with...Read more

Hurriyet Daily News

As widely expected, the Central Bank kept its policy rates constant at its Oct. 23 rates meeting.

Analysts interpreted the move as proof of its...Read more

October 24, 2014
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Once the darling of foreign investors, Mongolia has struggled to live up to expectations and clouds have now gathered over its horizon as foreign...Read more

Kazinform

Today Minister of National Economy of Kazakhstan Yerbolat Dossayev attended the signing ceremony of the memo of understanding on the foundation of the Asian...Read more

Azernews

The construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is slated to start in 2015.

This remark was made by Turkmen...Read more

Trend

A resolution to the Nagorno-Karabakh conflict depends on the political will of the presidents of Armenia and Azerbaijan, and not on treaties or alliances,...Read more

AKIpress

The merger of the Kazkommertsbank and BTA Bank will be the number one bank in Kazakhstan, said Chairman of the National Bank of Kazakhstan Kairat Kelimbetov...Read more

October 24, 2014
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Russia's traders are on tenterhooks ahead of a review of the country's sovereign credit rating by agency S&P scheduled for October 24, with speculation...Read more

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Rosneft may buy a 43% stake in oilfield services company Saipem, currently held by Italian energy giant Eni, according to Rosneft CEO Igor Sechin.

...Read more

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A 19.5% stake in the world's largest listed oil company, Rosneft, slated for privatisation by 2016, should be sold for at least $16.7bn, according to the...Read more

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Sweden has called off the search for a suspected submarine vessel in waters near Stockholm, after reports and photos from locals triggered fears of activity...Read more

UralSib

Russia faces downgrade to junk Despite global optimism, Sistema leads Russia lower as ruble weakens further. Global stocks had another positive day...Read more

October 24, 2014
Ben Aris

Let's face facts: Ukraine is already a banana republic and this weekend's crucial parliamentary elections could mark the end of two decades of failure and...Read more

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Currency trader George Soros says that international donors to Ukraine are pressuring holders of Ukrainian sovereign debt to accept a haircut on their debt...Read more

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The European Union could provide Ukraine with a bridge loan so that Kyiv can make advance payments to Russia's gas company Gazprom for winter gas, German...Read more

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Ukraine is to go to the polls on October 26 in early elections likely to give forces supporting President Petro Poroshenko a strong majority in the...Read more

Paul Globe, Interpreter

70% of Ukrainians say that there is a war going on between Russia and Ukraine, while only 26% of Russians agree with that, a remarkable testimonial to...Read more

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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

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At least 19 UK-registered companies are suspected of involvement in the laundering of around $20bn in dirty Russian money via banks in Moldova and Latvia,...Read more

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Citigroup will quit 11 small markets for retail banking, the US banking giant announced on October 14, including Hungary and the Czech Republic. The...Read more

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Hungary's governing Fidesz party stormed to its "third win" this year, as it was confirmed to have overwhelmingly won local elections held on October 12....Read more

Concorde Capital

Net individual demand for foreign cash in Ukraine increased to $265m in September compared to $201m in the prior month, the National Bank of Ukraine (NBU)...Read more

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Polish regulators have reacted furiously to GE's announcement that it wants to sell its local subsidiary bank BPH, insisting that the US conglomerate has...Read more

October 20, 2014
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Share prices of Russia's two largest internet stocks have again fallen beyond their IPO prices, indicating that Russia's slowing economy and disturbing...Read more

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Russia's leading quality independent newspaper Vedomosti looks as though it will be sold to businessmen close to Russian President Vladimir Putin, according...Read more

TASS

The number of Russian Internet users has stopped growing within the population, remaining at last year's 66% level, suggests an opinion poll by VTsIOM...Read more

The Moscow Times

The majority of the Russian population supports a curb on Internet freedoms in theory, a new study showed Tuesday.

Fifty-four percent of the...Read more

UralSib

The law will be implemented from 2016. Amendments to the law limiting foreign investment in the Russian mass media were signed by President Vladimir Putin,...Read more

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Ratings agency Moody's cut Russia's credit rating one level to Baa2, the second-lowest investment grade, from Baa1, with a negative outlook, citing sluggish...Read more

Tim Ash, Standard Bank

We have been seeing some pretty substantive moves on the ruble in recent months - reflecting $strength, weak oil/commodity prices, Ukraine/sanctions risk,...Read more

Eurostat

Euro area annual inflation was 0.3% in September 2014, down from 0.4% in August. This is the lowest rate recorded since October 2009. In September 2013 the...Read more

EurasiaNet

As the price of oil falls, and as Russia's Central Bank struggles to keep the ruble from hitting a new record low each day, Kazakhstan's currency is facing...Read more

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Less than a week after finally agreeing to cut interest rates, Poland's central bankers are back to bickering and sowing confusion over further steps to...Read more

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Russia's leading quality independent newspaper Vedomosti looks as though it will be sold to businessmen close to Russian President Vladimir Putin, according...Read more

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Russia and China signed a raft of 40 agreements encompassing trade, energy, finance and technology, following a meeting between Russian prime minister...Read more

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Russian corporate giants are looking to close big deals with players from other emerging markets - Argentina, India and China - as Russia's breakdown in...Read more

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Britain will block a bid by Russia's Mikhail Fridman to buy the oil and gas assets of German utility firm RWE, which has assets inÊBritish coastal waters,...Read more

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Citigroup will quit 11 small markets for retail banking, the US banking giant announced on October 14, including Hungary and the Czech Republic. The...Read more

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Governing parties in the Czech Republic and Hungary shored up their positions in Senate and local elections over the weekend, although turnouts continued to...Read more

Jan Cienski in Warsaw

Poland has been Ukraine's most voluble supporter in the EU and a strong backer of sanctions against Russia, despite the consequences for the Polish economy...Read more

VTB Capital

News: According to Naftogaz CEO Yury Vitrenko, quoted by Kommersant, the company has filed a lawsuit against Gazprom in the Stockholm Arbitration Court to...Read more

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Mongolia's troubled copper-gold mine Oyu Tolgoi has suffered another setback, as operator Turquoise Hill Resources cut production estimates for 2014....Read more

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Russia is proposing to build a natural gas pipeline to Japan's northern island of Hokkaido from Russia's island of Sakhalin, Japan's Nikkei paper reported...Read more

The Moscow Times

Eastern European airline Wizz Air is in advanced talks with a Russian fund to jointly invest in a project in the country which could boost the budget...Read more

Sberbank CIB

Arkady Rotenberg has sold his 68.5% stake in Marc O'Polo, which controls 38.6% of Mostotrest, to his son, Igor Rotenberg, reports Vedomosti this morning....Read more

RIA Novosti

The Kiev-controlled areas of southeastern Ukraine, which were damaged during the armed conflict in the region, will cost about $2 billion to rebuild,...Read more

The Moscow Times

A memorandum signed Monday paved the way toward long-anticipated Chinese participation in the construction of Russia's first high-speed railway, which will...Read more

The Moscow Times

Aeroflot's replacement for low-cost airline Dobrolyot, grounded in August by Western sanctions over Russia's role in the Ukraine crisis, will fly to eight...Read more

October 20, 2014
Sberbank CIB

The economic malaise that is sweeping Europe is affecting Ukraine, Belarus and Kazakhstan in very different ways.

Because of the de facto war in the...Read more

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According to Forbes, the first reason for Russia's feared investigative committee's probe into Vladimir Evtushenkov - owner and founder of Russia's largest...Read more

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The shares of Russia's two largest internet stocks have again fallen beyond their IPO prices, indicating that Russia's slowing economy and disturbing...Read more

UralSib

Russia-China Investment Fund postpones deal. The Russia-China Investment Fund (RCIF) has put the deal to acquire a minority stake in AFK Sistema's (SSA LI...Read more

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Russian authorities are moving ahead with a campaign to plug external and internal tax loopholes, with the government preparing a new law on 'de-...Read more

UralSib

RTS index closes at a new multi-year low. The RTS index lost another 2% yesterday to close at 1,045, a five-year low. Remarkably, the closing level was also...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.