Daily List

November 28, 2014
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Private equity firm Abris Capital Partners plans to sue Poland, which is forcing it to sell FM Bank PBP, local press reported on November 27.

The PE...Read more

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Standard & Poor's has assessed the industry and country risk for the Czech life and property/casualty (P/C) insurance sectors as intermediate, the...Read more

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Slovak Prime Minister Robert Fico announced on November 27 that his government is planning a further set of populist measures for 2015. The country will see...Read more

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November 27, 2014November 27, 2014November 27, 2014November 27, 2014

Latvia's national gas utility Latvijas GazeÊhas no intention...Read more

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Following a series of emergency government meetings to push theÊbudget through before end of year, the Latvian government submitted the draft fiscal plan to...Read more

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Matteo Cassani, the 42-year-old general manager of Enel Energie and Enel Energie Muntenia Ð the distribution companies held by Italian group Enel in Romania...Read more

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The leaders of the ethnic Hungarian party in Romania, the UDMR, has decided to pull out of the governing leftist coalition, the daily Bursa reported....Read more

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Moldova's 3.2mn voters will determine on November 30 not just who will be the 101 members of the parliament for the next four-year term but also the country...Read more

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The ruling Romanian Social Democrat party (PSD) has expelled three senior members and will reshuffle its cabinet ministers in response to the defeat of...Read more

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The real average net monthly wage in Macedonia grew 1.7% y/y in September, accelerating from a 1% y/y rise in the previous month, on the back of higher...Read more

November 28, 2014
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President of Kazakhstan's Union of Farmers Auezkhan Darinov has pointed out discrepancy in official data regarding harvest results, according to an...Read more

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Kazakhstan will produce 100mn tonnes of oil in 2020, Minister of Energy Vladimir Shkolnik said at the Energy Charter Conference. He boasted that Kazakhstan...Read more

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The Chief Prosecutor's Office in Georgia has filed criminal charges against former President Mikhail Saakashvili in relation to the high-profile murder of a...Read more

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The opening of the first Carrefour hypermarket in Armenia, scheduled for end of January 2015, has sparked fears of price hikes and unfair competition,...Read more

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Total outstanding loans by Tajik credit institutions grew by 27.2% y/y to TJS9,267.3mn ($1.82bn), the National Bank of Tajikistan said in a statement on...Read more

November 28, 2014
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The ruble weakened against the dollar and the euro on November 27 as the OPEC oil cartel announced in Vienna it is not going to cut output. Brent oil went...Read more

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Russia's second-largest oil producer Lukoil had US GAAP net profit decline by 48% y/y to $1.62bn in Q3 vs. $3.11bn for the same quarter of the previous year...Read more

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The investment arm of Russia's second-largest bank VTB, VTB Capital, does not exclude a wave of defaults on ruble bonds in 2015, the bank's officerÊAlexei...Read more

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Russian Railway's 2015 investment program will amount to over RUB400bn, Prime Minister Dmitry Medvedev said at government's meeting on Thursday.

"The...Read more

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Russian oil company Lukoil expects all the restrictions barring the company from listing in Hong Kong to be lifted by mid-2015, Vice President Leonid Fedun...Read more

November 28, 2014
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Ukraine's president Petro Poroshenko is looking to hire international reform talent into the new government, with former Georgian president Mikheil...Read more

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The Russian Armed Forces are forming strike units as part of a 'small groups'Êstrategy of fighting in Ukraine's Donbas region this winter,ÊAndriy Lysenko, a...Read more

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Ukraine's President Petro Poroshenko is working with international headhunters to hire foreigners as government ministers, according to sources quoted by...Read more

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The government has approved the increase of the state debt for the end of 2014 by UAH161.392bn to UAH 968.354bn, writes...Read more

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The extraordinary general shareholder meeting of Gaztek (Kyiv) decided to place UAH700mn ($47mn) B series bonds. The...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

Weekly List

November 24, 2014
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The Central Bank of Russia (CBR) has published benchmark rates for capping unsecured consumer loans for commercial banks in Q1/15, under a law that was...Read more

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Czech banks extended CZK12.83bn (€464mn) in mortgage loans in October, down from CZK13.8bn a month earlier despite record-low interest rates, the Fincentrum...Read more

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Russia's second-largest bank,Êstate-controlled VTB Bank, has requested RUB250bn ($5.4bn) worth of subordinated loans from the sovereign National Welfare...Read more

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Sberbank has become the first Russian bank to launch financing of letters of credit in Chinese yuan (CNY), the bank has announced in a press release. This...Read more

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Russian ministry of economic development had prepared a bill for investing up to 20% of the sovereign National Welfare Fund (NWF), not exceeding RUB709bn,...Read more

November 24, 2014
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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

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On November 17, Mail Group announced the sale of online recruitment platform HH.ru to a group of private investors led by Elbrus Capital for RUB9.85bn ($...Read more

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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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The Russian electronic trade market may exceed RUB1tn by the beginning of 2016 as compared to RUB520bn in 2013, TelecomDaily reported Thursday, referring to...Read more

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Wishes in, business continues to flourish. The volume of goods purchased by Russian consumers in foreign online stores is set to double this year to $5.1bn...Read more

November 24, 2014
bne Intellinews

Central Europe is falling behind in the innovation race, according to the European Bank for Reconstruction and Development's latest Transition Report.ÊNew...Read more

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In 2015, Central and Eastern Europe/Commonwealth of Independent States (CEE/CIS) will endure its fourth consecutive year of economic growth below 3% -Êthe...Read more

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Chris Weafer of Macro-Advisory

In a memorable speech delivered in late 1992, Britain's Queen Elizabeth II described the year just ending as an "Annus...Read more

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Russia's largest oil producer Rosneft is going to receive RUB300bn ($6.35bn) worth of state support from the sovereign National Welfare Fund (NWF),...Read more

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Russia's industrial output in October posted growth of 2.9% y/y, according to RosStat, the fastest y/y increase since December 2012. The result took...Read more

November 24, 2014
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VTB has stopped months-long negotiations to buy the fashion house of Italian designer Roberto Cavalli, The Wall Street Journal reported Thursday, citing...Read more

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Czech beverage maker Kofola in a consortium with P&P company, controlled by Slovenia's Polic, has allegedly offered some €60mn for the purchase of the...Read more

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Hungary's MVM and MOL have submitted a joint bid for Slovak power utility Slovenske Elektrarne (SE), they announcedÊon November 20. The news is unlikely to...Read more

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Hungary's MVM and MOL have submitted a joint bid for Slovak power utility Slovenske Elektrarne (SE), they announced on November 20. The news is unlikely to...Read more

Sberbank CIB

Mail.ru Group yesterday announced the sale of 100% of job search portal Headhunter.ru to a pool of investors led by Elbrus Capital for RUB9.85bn ($214m)....Read more

November 24, 2014
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Russian President Vladimir Putin met with the leaders of the western world at the weekend at the G20 summit, the first face-to-face meeting of all the world...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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Olim Abdullayev in Dushanbe

The construction of a new $3.2bn Chinese gas pipeline through Tajikistan is the most significant investment in the...Read more

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The Hungarian government has proposed a bill to protect local retailers from being driven out of business by big foreign chains. The draft bill would force...Read more

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Meat producer Cherkizovo has gained from Russia's sanctions on Western food imports, with net profit surging eightfold on the year in the third quarter to...Read more

November 24, 2014
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A group of major train producers have complained to the Federal Anti-Monopoly Service that an international tender for the Moscow metro is designed so that...Read more

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The Russian Direct Investment Fund (RDIF) has attracted an Arab sovereign fund for cooperation in the construction of Moscow's Central Ring Road, Director...Read more

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Moscow's central Tverskaya Street has seen 19 shops and restaurants abandon their premises this past year and the sites are still vacant.

Boutiques...Read more

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President Vladimir Putin has commissioned a program for developing Russia's road network by July 2015, according to a Kremlin transcript published on Friday...Read more

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According to rough estimates, 1,247 facilities of railways' infrastructure in the east of Ukraine were damaged during military operations as of November 17...Read more

November 24, 2014
Henry Kirby in London

 

A recent poll by Russia’s Levada Centre shows that 39% of Russians believe corruption has got worse in the last 15 years, down from 60% in 2010,...Read more

November 24, 2014
Sberbank CIB

? Russia the worst performer among BRICST. Russia saw 0.40% of AUM ($177.3m) redeemed in the week to November 19, according to EPFR Global data.

...Read more

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Russian smartphone maker Yota Devices will offer shares privately to raise $100mn, a source familiar with the company's plans told Prime.

The talks...Read more

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Hungary's MVM and MOL have submitted a joint bid for Slovak power utility Slovenske Elektrarne (SE), they announced on November 20. The news is unlikely to...Read more

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CNPC is interested in acquiring a stake of more than 10% in Vankorneft, the Head of International Affairs at CNPC, Zhang Xin said, Interfax reported. No...Read more

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China'sÊstate-owned Three Gorges Corporation, eponymous operator of the world's largestÊhydroelectric plant, could take a stake in RAO ES Vostok, a...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.