News

Market weighing up Uzbekneftegaz’s scheduled eurobond

Muzaffar Ismailov in Tashkent November 8, 2021

Rating agencies estimate that major projects to be completed in coming years might increase company’s Ebitda by more than 50% and contribute to the issuer’s deleveraging.

Hundreds of Middle Eastern migrants storm Polish border with Belarus in biggest clash yet

bne IntelIiNews November 8, 2021

Hundreds of migrants stormed the Polish border with Belarus where they confronted guards on November 8 in the biggest clash yet, orchestrated by the Lukashenko regime to punish the EU for sanctions imposed on Belarus.

Uzbeks engulfed by worst dust storm in at least 150 years

Muzaffar Ismailov in Tashkent November 8, 2021

Inhabitants of Tashkent struggle to breathe. Critical indicators suddenly showed city as second most polluted in the world.

New Czech government set to sign coalition deal

bne IntelliNews November 7, 2021

President Milos Zeman pledges to appoint ODS leader Petr Fiala as premier and enable opposition to take power as soon as possible.

Bulgaria reveals how millions of euros were siphoned off from Hemus motorway construction

Denitsa Koseva in Sofia November 6, 2021

Caretaker Interior Minister Boyko Rashkov says €30mn paid to construction companies was transferred to shell companies and then exported from the country in sacks.

Heavy rain causes floods and blackouts in Sarajevo

Eldar Dizdarevic in Sarajevo November 5, 2021

Parts of the Bosnian capital closed to traffic and dozens evacuated.

The Dutch Supreme Court overturns previous decision against the Kremlin awarding Yukos’ shareholders $50bn in damages

Ben Aris in Berlin November 5, 2021

The battle between the Kremlin and former Russian oil company Yukos took a new twist on November 5 when the Dutch Supreme Court overturned a decision forcing the Russian government to pay a $50bn arbitration award to the former Yukos shareholders.

Open Balkan members to speed up free flow of goods and services

Eldar Dizdarevic in Sarajevo November 5, 2021

Albania, North Macedonia and Serbia previously committed to the free movement of goods and services, but officials say this isn't yet happening in practice.

Poland and Hungary report highest new COVID-19 cases since April

bne IntelliNews November 5, 2021

Officials are considering new restrictions in both countries as fourth wave threatens health systems.

Turkey’s week of social media frenzy sucks in Erdogan, Syrians eating bananas and ‘hacked’ Israeli embassy

bne IntelIiNews November 4, 2021

Thirty accused of tweeting disinformation about president’s health. Syrians face deportation. Israelis deny sharing video mocking Ankara’s lack of combat aircraft.

Bulgaria arrests at least 10 over misuse of funds for Hemus motorway construction

Denitsa Koseva in Sofia November 4, 2021

Construction of the Hemus motorway linking Sofia with the port city of Varna has been marred by controversy and accusations of corruption for years.

Sberbank Europe to sell Hungarian unit and four other subsidiaries in CEE region

bne IntelliNews November 4, 2021

Buyer is Serbian tycoon Miodrag Kostic, who has built a financial empire with AIK Banka and Gorenjska Banka of Slovenia.

Czech central bank unleashes highest rate hike since 1997 to fight surging inflation

bne IntelliNews November 4, 2021

Two-week repo rate raised by 125 basis points to 1.75%.

Latvia declares state of emergency after spike in COVID-19 cases

bne IntelliNews November 4, 2021

Unvaccinated can be fired by employers and can only shop for essential items.

Books covered early in Russia’s Mercury Retail IPO

bne IntelIiNews November 4, 2021

EBRD lifts emerging Europe forecasts but warns of threats ahead

bne IntelliNews November 4, 2021

The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.

German MEP urges Albania to stop “mass killing” of street dogs

bne IntelliNews November 4, 2021

Martin Buschmann says Albania must follow EU regulations on animal protection as it works towards accession.

Nuclear deal talks restart date announced on same day Iran accuses US of interdicting Iranian oil tanker

bne IntelIiNews November 3, 2021

Negotiations to resume in Vienna on November 29. Americans deny interfering with vessel.

North Macedonia’s opposition leader calls for immediate snap general election

Valentina Dimitrievska in Skopje November 3, 2021

Ruling coalition's future uncertain after PM Zoran Zaev announced his resignation.

UK medical journal The Lancet publishes study, finds the one-shot Sputnik Light vaccine safe and effective

bne IntelliNews November 3, 2021

Russia’s sovereign wealth fund, RDIF, reported the results of a study in Sputnik Light's efficacy by inventor Gamaleya Center in the prestigious UK medical journal The Lancet that found the one-jab is safe and effective.

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