Daily List

bne

Russia and Ukraine are meeting on October 21 to hammer out a new agreement over Ukraine's debts to Russia and future pricing for Russian gas, as winter...Read more

Kester Eddy in Budapest

Washington has banned a group of Hungarian officials from entering the US because of suspicions of corruption, worsening what is already a strained...Read more

Dr Nicholas Spiro of Spiro Sovereign Strategy

Volatility in global financial markets is surging as investors fret about the state of the global economy.

The CBOE's Volatility Index, commonly...Read more

bne

A week ago, the editorial team at respected Slovak daily SME walked out in protest at a deal handing control of their owner, publisher Petit Press, to...Read more

Jan Cienski in Warsaw

The "Waitergate" recording scandal in which top Polish officials were recorded while eating at fancy Warsaw restaurants is looking increasingly like a...Read more

bne

The Croatian media is agog at the arrest of Milan Bandic, the mayor of Zagreb, and at least 15 of his closest associates on corruption charges.

After...Read more

Clare Nuttall in Bucharest

The discovery that €5m worth of cash had been stolen from Albania' central bank resulted in a large-scale inquiry with more than 16 of the bank's employees...Read more

bne

After failing so far to strike a coalition deal, former prime minister and GERB party leader Boiko Borisov said October 20 he would hold another round of...Read more

InSerbia News

The former town hall building in North Kosovska Mitrovica, where are now civil protection premises, came under attack twice on Sunday evening.

...Read more

Al Jazeera

Foreign minister says Iraqi Peshmerga forces being "facilitated" to cross Turkey's border with Syria.

Turkey has said it is helping Iraqi Kurdish...Read more

October 20, 2014

Jacopo Dettoni in Almaty

Kyrgyzstan may seek a delisting of Centerra Gold to prevent its shares being seized through international court and...Read more

bne

Shares of KazTransOil, Kazakhstan's national oil shipment operator, are falling due to external market conditions and the February devaluation of the...Read more

Trend

Azerbaijan plans to bring its pension adjustment system to mirror Germanys. A special twinning project aimed at creating conditions for the reform of the...Read more

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Sign up for bne's Invest in Azerbaijan monthly newsletter for free; read the latest issue or sign up to receive it each month...Read more

AKIpress

Kazakhstan is seeking to spur growth by drawing in overseas investors to its resources sector.

The country, in the midst of fine-tuning details of a...Read more

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

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

Russia and Ukraine are meeting on October 21 to hammer out a new agreement over Ukraine's debts to Russia and future pricing for Russian gas, as winter...Read more

bne

The head ofÊFrench oil and gas major Total, 63-year-old Christophe de Margerie, was killed in Moscow late at night on October 20, when his business jet...Read more

UralSib

US leads global stocks higher, Russia continues to fall. Global stocks, led by the US markets, posted a mild 0.8% gain as the S&P500 closed 0.9% higher...Read more

bne

Ukraine's industrial collapse, resulting largely from the war in the east and restricted access to Russian markets, slowed in September to down 16.6% on the...Read more

bne

Ukraine's largest sunflower oil and grain producer, Warsaw-listed Kernel, has announced a nearly $100m net loss for financial year 2014, in further bad...Read more

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

bne

Russia and Ukraine are meeting on October 21 to hammer out a new agreement over Ukraine's debts to Russia and future pricing for Russian gas, as winter...Read more

The Moscow Times

The head of the State Duma's Foreign Affairs Committee has denied Russia's involvement in the downing of Malaysian Airlines flight MH17 following the...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

bne

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

bne

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

bne

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

bne

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
bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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

bne

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.