Daily List

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The Czech unit of UK telecommunications group Vodafone reported profit of CZK208mn (Û7.5mn) in the fiscal year to March 2014, down by some CZK750mn from the...Read more

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Latvia is blocking the development of a pan-Baltic gas market, state-owned Lithuanian LNG importer Litgas claimed on December 2, by failing to open up its...Read more

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Estonia's e-residency project, launched this month, could weigh on the country's IT systems or expose it to an influx of criminal activity, a government...Read more

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Polish broadcaster TVN claimed on December 2 that several international giants are jockeying to buy control of the company, and added it could name a buyer...Read more

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The sanctions imposed by the West on Russia over its involvement in the Ukraine conflict are harming business confidence in Hungary, a government official...Read more

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Romania's main opposition party will vote against the 2015 budget planning bill in January and will initiate a non-confidence motion in early February, as a...Read more

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Montenegro's privatisation agency said it has opened a new tender for the sale of the cigarette maker Novi Duvanski Kombinat Podgorica (NDKP), which is the...Read more

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The development of a pipeline to link the Black Sea shore with Podisor is a strategic project for Romania's natural gas sector, Energy Minister Eugen...Read more

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Russia's decision to axe the South Stream gas pipeline project is a blow for South-East European countries from Bulgaria to Austria, which had hoped the...Read more

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The CPI rate in Kazakhstan advanced by 7.6% y/y in November, the State Statistics Committee has informed. In m/m terms, inflation reached 0.6% while since...Read more

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The Georgian parliament has passed a controversial government-backed bill on surveillance that allows the Ministry of Interior to retain direct access to...Read more

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The Kazakh National Chamber of Entrepreneurs has denied the possibility of switching to national currencies in trade within the Eurasian Economic Union (EEU...Read more

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Rio Tinto-controlled Turquoise Hill delayed the closing of a sale of over a half of its 50% stake in South Gobi Resources, a coal mining firm with...Read more

December 3, 2014
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President Vladimir Putin announced that Gazprom would abandon its much hyped $30bn South Stream gas pipeline project, which by running from Russia to...Read more

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Russia's government has decided to prolong the 'cash for clunkers' old vehicle utilization program into 2015 and to expand the existing 2014 program by...Read more

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Russia's ministry of economic development has presented a worsened economic outlook for 2015, in which $80 per barrel oil price translates into stronger...Read more

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Russia's second-largest bank VTB Bank is determined to take one of the most indebted Russia's industrial holdings Mechel to court, as all other attempts to...Read more

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Ukraine has still to pay for over 1 billion cubic meters (bcm) of natural gas it needs in December, $385m, outgoing energy minister Yury Prodan said on...Read more

December 3, 2014
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Natural gas sales by exploration and production company JKX Oil & Gas may fall up to 50% in Ukraine in December, the company reported on December 1....Read more

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Ukraine's state budget collections declined 2.9% yoy in November, according to a State Treasury report. In October, it grew by 3.1% y/y.

In 11M14,...Read more

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Ukraine has still to pay for over 1 billion cubic meters (bcm) of natural gas it needs in December, $385m, outgoing energy minister Yury Prodan said on...Read more

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Five weeks after parliamentary elections in Ukraine on October 26, the crisis-stricken country is one step away from getting a new government - including...Read more

November 28, 2014
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Anadolu Group may complete the purchase of a stake in supermarket chain Migros by the end of January, Anadolu Group's chairman Tuncay Ozilhan told Reuters...Read more

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The Central Bank of Turkey on November 27 released the minutes of the Monetary Policy Committee (MPC) meeting held on November 20 where the Bank left its...Read more

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Islamic lender Kuveyt Turk has launched a $250mn dual-currency murabaha loan into general syndication, bankers told Reuters on November 27.

The...Read more

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The seasonally & calendar adjusted tradeÊ& service turnover index rose 4.8% q/q in the third quarter of 2014, the statistics institute TUIK said on...Read more

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Consumer confidence continued to fall in November as consumers' assessments of economic outlook, job prospects deteriorated.

The consumer confidence...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.