Daily List

bne

The European Bank for Reconstruction and Development's (EBRD) latest economic forecast for Central Europe raises expectations for 2014 growth, powered by...Read more

bne

Poland's dreams of turning itself into a major shale gas producer took another hit on September 17 when 3Legs Resources, previously seen as sitting on some...Read more

VTB Capital

Global. There were no real surprises last night when the FOMC announced its latest monetary policy decision. The FOMC tapered its monthly bond purchases by...Read more

Erste

Negative industrial output growth reflects slowing economy. The figure at -1.9% y/y in August surprised not only the market, which expected a marginally...Read more

Clare Nuttall in Bucharest

The Russian economic slowdown is taking its toll on the former Soviet countries of Central Asia and the Caucasus, which have seen the first drop in...Read more

bne

Southeast Europe (SEE) is only slowly recovering from the 2009 economic crisis and is held back by failure to reinvigorate reform efforts, the European Bank...Read more

bne

A Serbian court has put Tsvetan Vassilev, the largest shareholder in Bulgaria's Corporate Commercial Bank (CCB) under house arrest. Vassilev is wanted by...Read more

Today's Zaman

Following a visit to Turkey on Tuesday, Russian Economy Minister Alexey Ulyukayev has said Turkey and Russia may sign agreements in the agricultural sector...Read more

Novinite

Fearing a price dispute between Moscow and Kiev may lead to disruptions in Russian gas deliveries via Ukraine, Bulgaria is preparing to avert a gas crisis...Read more

Balkan Insight

Croatia hopes to raise about 400 million euro from sales of loss-making state companies, hotels, a port and a bank.

Croatia's State Office for State...Read more

Azernews

All the technical work on the creation of railway lines in the direction of the Georgian-Turkish border will be completed by late September within the...Read more

bne

The Russian economic slowdown is taking its toll on the former Soviet countries of Central Asia and the Caucasus, which have seen the first drop in...Read more

RIA Novosti

Gulnara Karimova, daughter of Uzbekistan's President Islam Karimov, faces criminal prosecution as part of a massive investigation into the corruption and...Read more

DFWatch

The conflict between the Georgian president and the government soured even more on Wednesday after the TV company Rustavi 2 exposed private correspondence...Read more

Tengrinews

Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate...Read more

bne

The Russian economy will contract slightly 2014-2015 under the impact of EU and US sanctions, with the downturn rippling across countries in the post-Soviet...Read more

bne

Setember 18

Ukraine's president Petro Poroshenko told the country's parliament that laws controversially establishing political and economic autonomy...Read more

bne

Russia is still mulling its options on a new round of retaliatory sanctions against the West, following EU and US sanctions implemented September 12 against...Read more

bne

The fallout continues after the arrest September 17 of Russia's 15th richest men, Vladimir Yevtushenkov, owner of the country's largest mobile phone...Read more

UralSib

But higher rate forecasts for end-2015 help strengthen the dollar. The US markets finished the day just slightly in the green (with the S&P up 0.1%)...Read more

Nikolai Holmov, OdessaTalk

The saying goes, a picture paints a thousand words. So here is the picture in question. Indeed, it is President Poroshenko holding aloft the Ukraine-EU...Read more

bne

The text of a crucial and controversial law on providing special status for the Donbas region of East Ukraine appears to have been changed after the law...Read more

bne

Ukraine's woes put it in a class of its own across Eastern Europe and the Soviet Union, says the European Bank of Reconstruction and Development, with GDP...Read more

Concorde Capital

The Russian Armed Forces remain active despite the legislation approved by Ukraine's parliament on Sept. 16 establishing self-governance in the occupied...Read more

Concorde Capital

Ukrainian equities fell back in red on Wednesday, Sept. 17. The WIG Ukraine Index of Warsaw-traded stocks slid 1.0%, pulled down by KDM Shipping (KDM PW -14...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

Moscow Times

The Russian currency plunged to historic lows against the dollar Thursday as the European Union appeared to end more than a week of vacillation by opting to...Read more

Economic Times of India

IMF and the World Bank, RBI Governor Raghuram Rajan has said.Ê

"I don't think it was primarily meant to challenge the existing multilateral...Read more

RIA Novosti

Tougher EU sanctions will not affect the stability of Russian banks, even though sanctions could limit the growth of financing arrangements, former Deputy...Read more

BNN

The only remaining potential buyer of Citadele Bank, American Ripplewood Holdings wants to reduce the already minimal price set by the Latvian government -...Read more

ITAR-TASS

Russian top bank Sberbank is considering a possibility of being listed on the Singapore Exchange, CEO German Gref said in an interview with local daily The...Read more

September 15, 2014
B92

Prime Minister Aleksandar Vucic says it is necessary to make savings of EUR 700 million to ensure financial consolidation in the year to come.

Vucic...Read more

Hurriyet Daily News

Turkey-based global airport operator TAV has signed an agreement with Limak Group for the acquisition of a 40-percent share in Istanbul's Sabiha Gokcen...Read more

Romania Insider

Oil and gas company OMV Petrom has recently completed the modernization of Petrobrazi Refinery in Romania, following investments of EUR 600 million, carried...Read more

RIA Novosti

Bosnian Serbs are closely monitoring the referendum on Scottish independence in hopes that a "yes" vote will boost their own chances of proclaiming a...Read more

CapEcon

The slowdown in Central and South Eastern Europe in the second quarter has raised concerns about the region's exposure to the crisis in Ukraine. In this...Read more

FT

Poland has joined calls for the EU to spend more to boost growth, deepening the chorus of dissent against German-led plans to rein in spending across the...Read more

Renaissance Capital

We see Russian GDP accelerating from 0.8% in 2014 to 1.7% in 2015 (Bloomberg consensus 1.2%). The main risks arise from geopolitics, and below we quantify...Read more

BOFIT

The decline of a couple of per cent in total investments during the first six months of this year was due to investments by small businesses and the grey...Read more

VTB Capital

Today, the CBR decided to leave rates unchanged, with the key rate at 8.00%, against our expectations and in line with consensus. Despite a signal in July's...Read more

bne

Financially challenged Russian metals giant Mechel is considering selling one of its core facilities, Chelyabinsk metal works, CEO Oleg Korzhov told...Read more

RIA Novosti

Ukrainian President Petro Poroshenko, who still owns Sevastopol Marine Plant (SMP), has put it up for sale, acting Sevastopol governor told RIA Novosti on...Read more

Robert Anderson in Prague

Piano Media, the Central Europe-based media paywall company, has acquired the much larger Press+ of the US for an undisclosed sum to become the market...Read more

VTB Capital

News: Rosneft is negotiating a deal to sell 85-90 gas stations to Trafigura, Kommersant reports. The divestiture of the assets was ordered by the Federal...Read more

bne

A joint venture between state-owned industrial corporation Rostec and Canada's Bombardier for constructing Q400 planes in Russia is delayed for at least a...Read more

Jan Ondrich

CEE politicians talk of nuclear power projects at home is the result of inertia, not forward-looking policy based upon sound analysis. They use two mistaken...Read more

Mark Adomanis in Washington

The ongoing fiasco in Ukraine, for which there is more than enough blame to go around, and the escalating standoff with the EU and Nato have convinced quite...Read more

Concorde Capital

The Ukrainian and European parliaments will ratify the Ukraine-EU Association Agreement simultaneously on Sept. 16, Ukrainian President Petro Poroshenko...Read more

Ben Aris in Vienna

The European Union said it would go ahead implement new sanctions on Russia on Friday, September 12, despite the general agreement that a ceasefire is...Read more

RIA Novosti

American oil giant ExxonMobil is exploring the possible influence of the United States sanctions against Russia on the joint project in the Arctic with...Read more

September 15, 2014
AKIpress

Population of Kazakhstan has increased by 0.9% in January-July 2014 and equaled 17.3 million people, said chairman of the Statistics Committee of the...Read more

AKIpress

The volume of oil production in Kazakhstan in 2015 is projected at 81.8 million tons, said on Monday Minister of National Economy Erbolat Dossayev during...Read more

Jan Cienski in Warsaw

In life, you often get what's coming to you, is one of the aphorisms that the pricklier countries of Central Europe should probably take to heart when...Read more

bne

President Petro Poroshenko has submitted the EU-Ukraine Association Agreement to parliament for ratification, 10 months after his predecessor Viktor...Read more

Uzdaily

Number of resident population of Uzbekistan made up 30.703 million people, according to preliminary data, or grew by 0.7% or 210,000 people in the first...Read more

September 1, 2014
bne:Chart

Ukraine's crumbling finances has had the bond markets desperately trying to gauge the dangers and potential of state debt throughout the crisis. The likely...Read more

VTB Capital

News: The Central Bank registered Bashneft's SPO on 5 September, according to Interfax. Formally, the company is allowed to place new shares both...Read more

bne

Russia's Finance Ministry is trying to save the pensions savings system from being entirely liquidated, according to business daily Vedomosti.

The...Read more

Sberbank CIB

MSCI is consulting with the investment community to enhance the methodology for its global investable market indexes. The deadline for feedback is November...Read more

Renaissance Capital

Yesterday (9 September), Mail.ru raised $81mn via the sale of a 4% stake in QIWI. For QIWI, we see the news as neutral to slightly positive, reducing the...Read more

Moscow Times

Russian stocks rebounded on Friday as investors concluded that the market had over-reacted to new European Union sanctions against Moscow over the Ukraine...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.