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Latest Special Report:
Turkey's time
Special Reports Archive
Is Turkey to the east looking west, or already in the west looking east?
David O'Byrne in Istanbul
Turkish supermarket BIM brings discounts to the region
David O'Byrne in Istanbul
Power to the market
David O'Byrne in Istanbul
Turkey's nuclear dawn approaches
David O'Byrne in Istanbul
Turkey's financial dreams
Tim Gosling in Prague
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News
Kyrgyz president blames "sabotage" for failure of Jerooy auction
bne
Wed, 15th May -- Kyrgyzstan's President Almazbek Atambaev on May 14 blamed clan politics and "open sabotage" for the failure of the government's attempt to find a developer for Jerooy, the country's second largest gold deposit.
 
Serbian rates cut as central bank insists inflation will drop
bne
Wed, 15th May -- Serbia's central bank cut its benchmark interest rate on May 14 for the first time since January 2012, with the strong dinar, weak demand, and the outlook for this year's harvest likely to keep a lid on price growth.
 
Polish govt gives conflicting signals over push to develop shale gas
bne
Wed, 15th May -- Poland plans to pass legislation in an attempt to reignite foreign investor interest in its push to explore for shale gas, an official claimed on May 14. That flies in the face of recent reports that Warsaw has lost its enthusiasm for the unconventional gas, and has no interest in supporting exploration - particularly by companies from overseas.
 
Turkey tests regional clout with provocative Iraqi Kurdish oil deal
bne
Wed, 15th May -- Provoking fury from Baghdad, and a likely tough discussion during his upcoming trip to the US, Turkish Prime Minister Recep Tayyip Erdogan announced on May 14 that a state-run company has signed a deal with ExxonMobil and the Iraqi Kurdistan Regional Government to prospect for oil in Kurdish-administered northern Iraq.
 
Spies "R" US
bne
Wed, 15th May -- Russia's Federal Security Service (FSB) arrested US diplomat Ryan Fogle on May 14, who was allegedly caught red handed trying to recruit a Russian Interior Ministry official to spy for the CIA.
 
Mongolian growth slowing rapidly
bne
Tue, 14th May -- Mongolia's economic growth slowed dramatically in the first quarter of 2013, due to a fall in coal prices and a fall in demand from China, the country's main export market.
 
Eurogroup encouraged by Slovenian reforms, but stresses urgency
bne
Tue, 14th May -- Slovenia must take "swift and decisive" action to address its economic imbalances, Eurozone finance ministers warned on May 13 in Brussels, while agreeing to new aid tranches for bailout recipients Greece and Portugal.
 
Hungary's OTP in merger talks but warns against driving out foreign banks
bne
Tue, 14th May -- OTP Bank is discussing the acquisition of a pair of Hungarian banks as their foreign owners look to quit the country due to rough handling from the government, the CEO of Hungary's largest lender said on May 13.
 
Poland's PZU eyes Croatia's Osiguranje as Balkan launchpad
bne
Tue, 14th May -- Polish state-controlled insurer PZU is honing in on an acquisition target after years of looking, with its CEO announcing it hopes to buy a stake in Croatia's Osiguranje. The deal would provide PZU with a stepping stone into the Western Balkans, though Andrzej Klesyk admitted PZU might struggle to secure a majority stake.
 
Russian state companies retain escape clause in proposed order for 35% dividends
bne
Mon, 13th May -- The Russian government is mulling an order that would oblige state-controlled companies to raise dividends further, as it seeks funds to help balance the budget, according to reports. However, officials and analysts question the effectiveness of the move unless companies are forced to report their financial results according to international standards.
 
Ukraine president to pardon Tymoshenko asap, says Yanukovych adviser
bne
Mon, 13th May -- Ukrainian President Viktor Yanukovych will pardon Yulia Tymoshenko as soon as the current investigations against her are satisfied, a non-staff adviser to the president claimed on May 10.
 
Kazakh finance minister confirms return to international debt market
bne
Mon, 13th May -- The Kazakh government is planning to return to international markets later this year, Finance Minister Bolat Zhamishev said on May 10. He confirmed that Astana is planning to raise up to $1bn with a sovereign Eurobond issue, in order to set a new benchmark more than a decade after its last external debt issue.
 
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COMMENT: Russia falling into the middle-income trap
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Obuv Rossii puts shoe on right foot
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BayernLB denies in talks with OTP about exiting Hungary bank market
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Railroads to Afghanistan
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Poland's lack of consistent law, planned high taxes discourage shale gas
Bogdan Turek in Warsaw
 
Georgian priests lead mob on homophobic rampage
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Moody's hands Turkey another precious investment grade
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