Daily List

November 21, 2014
bne/IntelliNews

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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Jan Cienski in Warsaw

There is no Polish equivalent of "hanging chad", so Poles are going to have to come up with their own term to describe the...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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Vodafone said it is not planning to sell its Hungarian business, Budapest Business Journal reported citing a company statement aimed at clarifying earlier...Read more

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Ben Aris in Moscow

On November 20 - almost one year to the day since the start of the Maidan protests that brought down President Viktor Yanukovych -...Read more

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Prosecutors from Romania's anti-corruption office DNA initiated a criminal investigation against Alina Bica, the head of the anti-crime body DIICOT, on...Read more

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The Romanian leading opposition party PNL has no intention of overthrowing the leftist government this winter, but will rather monitor it and demonstrate to...Read more

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Serbia and the visiting International Monetary Fund have reached an agreement on a new three-year precautionary loan deal worth some Û1bn, the head of the...Read more

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The Serbian government said it has moved further towards completing the merger of the country's motorways operator Koridori Srbije and state roads operator...Read more

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Ben Aris in Moscow

On November 20 - almost one year to the day since the start of the Maidan protests that brought down President Viktor Yanukovych -...Read more

November 21, 2014
bne/IntelliNews

Azerbaijan's Oil, Gas Processing and Petrochemical Complex (OGPC) will open two new gas processing and petrochemical plants in 2020, AzerNews reported on...Read more

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The IMF highlighted the risks posed to Tajikistan's fiscal stability by "loss-making" state-owned enterprises (SOEs) and a weak domestic tax system in a...Read more

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Russia will provide Armenia with a loan of $270mn for major repairs of the second unit of the Armenian nuclear power plant in Metsamor, news agency ARKA...Read more

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The four countries working on a Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline set a three-month deadline for all the project's major pending...Read more

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Kazakhstan will decide on its investment in the Iranian seaport of Bender Abbas next year, deputy head of Kazakhstan Termir Zholy national railway carrier...Read more

November 21, 2014
bne/IntelliNews

Continuing her hardline stance against Russia over its aggression in Ukraine, Lithuanian President Dalia Grybauskaite called Russia a "terrorist state" and...Read more

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Ben Aris in Moscow

On November 20 - almost one year to the day since the start of the Maidan protests that brought down President Viktor Yanukovych -...Read more

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Russian banks are facing the most pressure out of the major emerging markets, as the end of US quantitative easing leaves financing in those countries...Read more

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Visa CEO forÊRussia, the CIS and Southeastern Europe Andrew Torre has sent a letter toÊRussia's Central Bank withÊa number ofÊrequirements that Visa would...Read more

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Gazprom CEO Alexey Miller and Head of Petrovietnam Nguyen Xuan Sean have discussed the possibility of Gazprom Neft's acquisition of stake at Dung Quat oil...Read more

November 21, 2014
bne/IntelliNews

Ben Aris in Moscow

On November 20 - almost one year to the day since the start of the Maidan protests that brought down President Viktor Yanukovych -...Read more

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As Ukraine's pro-European politicians celebrate the signing of a 5-party coalition intended to implement the demands of the Euromaidan protests and...Read more

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Ukraine's politicians are moving slowly towards putting together a new coalition, following internationally acclaimed parliamentary elections on October 26...Read more

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The National Bank of Ukraine predicts that GDP will fall 4.3% in 2015, NBU Governor Valeriya Hontareva has said. In 2014, the NBU believes GDP will plunge 7...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

November 21, 2014
bne/IntelliNews

The number of newly-established businesses rose by 24% y/y, but declined 16% m/m, to 4,325 in October, data from the Union of Chambers and Commodity...Read more

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Turkish construction firm YDA Group obtained a Û315mn financing from a consortium of local and international lenders, including Russian Sberbank's Turkish...Read more

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The government plans to take steps towards a peace deal with the PKK by the parliamentary elections in June 2015, PM Ahmet Davutoglu said on November 20....Read more

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W. R. Grace & Co. announced on November 20 that it entered into definitive agreements to acquire the remaining 50% equity interest in the joint venture...Read more

bne/IntelliNews

Ben Aris in Moscow

On November 20 - almost one year to the day since the start of the Maidan protests that brought down President Viktor Yanukovych -...Read more

Weekly List

November 17, 2014
bne/IntelliNews

In a further blow to their already tarnished reputation, Latvian banks have been caught up in billion-dollar foreign exchange trading swindle, according to...Read more

bne/IntelliNews

Sanctions implemented byÊthe West againstÊRussian banks can affect Ukraine's economy, which Moscow earlier credited with $25bn, Russian President Vladimir...Read more

bne Intellinews

Russia's Central Bank will finish building its alternative to the SWIFT inter-bank messaging service by the end of May next year.

The regulator will...Read more

bne/IntelliNews

Fitch Ratings believes that recent sharp fall in ruble is adding pressure on bank's credit profiles and is going to leave some of them exposed. At the same...Read more

bne/IntelliNews

Hungary's OTP has reportedly halved to €150mn its initial bid for the purchase of 100% of Slovenia's second largest lender, Nova Kreditna Banka Maribor (...Read more

November 17, 2014
bne/IntelliNews

Britain's media regulator has threatened to bring sanctions against Russian state-run broadcaster RT after ruling that it breached U.K. codes on...Read more

bne/Intellinews

On Monday, business daily Vedomosti reported, citing a notice issued by CNN to Russian telecom providers, that the American TV channel would stop cable...Read more

bne/IntelliNews

Foreign companies will be obliged to seek government permission before buying a more than 25% stake in newspapers or magazines in Russia, business daily...Read more

bne/IntelliNews

Most Russians believe that the country's state-run news agencies have provided objective coverage of the events unfolding during the Ukraine conflict, a...Read more

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

November 17, 2014
bne

The Central Bank of Russia (CBR) has been forced to buy up gold produced by Russian miners which can't sell if on the international markets due to sanctions...Read more

bne

Russia's seaport cargo volumes for the first ten months paint a illuminative picture of the state of the Russian economy. Total volumes of cargo through the...Read more

bne Intellinews

In 2015, Belarus is set to run a budget surplus equal to 1.8% of GDP, which is about $2bn, Belarus' deputy finance minister Maxim Yermolovich said. He...Read more

bne Intellinews

In 2015, Belarus intends to place $1bn Eurobonds with maturity of ten years, Belarus' deputy finance ministerÊMaxim Yermolovich has announced. According to...Read more

bne/Intellinews

Belarus Development Bank plans to channel BYR8.3tn ($766.7mn) and €119.9mn to finance state programs. In particular, $601mn and €108.7mn will be invested...Read more

November 17, 2014
bne/IntelliNews

Russia has signed a deal with Iran to build two nuclear power plant units, in a possible prelude to a Russian-brokered solution to Iran's row with the West...Read more

Sberbank CIB

Russian public retail chains' LFL sales growth has accelerated from 7% y-o-y in 1Q14 to 14% in 3Q14, proving resilient to a drop in real wages. We...Read more

bne/IntelliNews

Hame Hartenberg Capital, in which Czech billionaire Finance Minister Andrej Babis invests, is among those interested in buying Czech food producer Hame,...Read more

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Enel has received three bids so far for its 66% stake in Slovak power producer Slovenske Elektrarne (SE), the CEO of the Italian company claimed on November...Read more

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The investment vehicle of billionaire Mikhail Prokhorov and a private pension company Blagosostoyanie have taken control of handset provider Svyaznoy,...Read more

November 17, 2014
bne

Russia's oil industry runs the risk of repeating the death spiral of the Soviet oil industry, should prices stay below $90, according to research by...Read more

bne

A poll by Russian pollster FOM found that while 71% of Russians are aware of Russian President Vladimir Putin's...Read more

bne/IntelliNews

McDonald's plans to open its first outlet in Kazakhstan in 2015. The company entered a partnership with Kazakh businessman Kairat Boranbayev, whose daughter...Read more

2014/11/10 22:10:39

Russians are happy that Russia has annexed Crimea but they don't want their children to fight in a war with Ukraine, a poll by independent pollster the...Read more

Sberbank CIB

Gazprom will not receive any prepayment from its Chinese partners for the construction of the Power of Siberia project, CEO Alexei Miller announced...Read more

November 17, 2014
bne

Russia's seaport cargo volumes for the first ten months paint a illuminative picture of the state of the Russian economy. Total volumes of cargo through the...Read more

UralSib

According to the Association of Trade Sea Ports (ASOP), throughput at Russian ports dropped 8.4% year-on-year to 424,871 TEU in October, with Global Ports...Read more

bne Intellinews

A new pan-regional transport and the justice company that unites the transport systems of Belarus, Russia, and Kazakhstan, has been registered.

The...Read more

Aeroflot

Aeroflot announces that Russia's Federal Aviation Agency has granted Pobeda, the low-cost carrier subsidiary of Aeroflot Group, an operator's certificate...Read more

bne/IntelliNews

According to the new investment program of Russian Railways (RZD) until 2020, out of RUB2.89 trillion in planned investments, RUB1.4 ($30bn) trillion will...Read more

November 3, 2014
Henry Kirby in London

Russia's foreign minister, Sergei Lavrov, said in October that relations between Russia and the US are at a post-Soviet "rock bottom." But more worrying,...Read more

November 17, 2014
bne/IntelliNews

The final price in the initial public offering of private life and pensions provider AvivaSa Emeklilik ve Hayat was TRY47 per lot of 100 shares, in the top...Read more

bne

With East-West relations at rock bottom, Russia's leading blue chip companies are toying with the idea of abandoning the London Stock Exchange as the long...Read more

UralSib

EBRD sells its 4% stake to Daimler. On Friday Kamaz (KMAZ RX - HOLD) reported that EBRD sold its 4% stake in Kamaz to Daimler. The price of the deal has not...Read more

bne/IntelliNews

Many investors are interested in Serbian drug maker Galenika and the government should soon make a formal decision to start its privatisation, the company's...Read more

bne/IntelliNews

The BoD of Russia's industrial holding AFK Sistema is not going to appeal the seizing of the 72% stake in Russia's fifth largest oil company Bashneft,...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.