Croatia signs €999mn deal to buy 12 used Rafale fighter jets

Denitsa Koseva in Sofia November 25, 2021

Nato member Croatia signs deal to bolster its air defences after tender process was delayed by the pandemic.

Iranians cheered by collapse of lira flood over Turkish border for Black Friday shopping

Daniel Rad in Dublin November 25, 2021

With Iran’s rial typically suffering only bad news given US sanctions, day-trippers didn’t need telling twice to make journey to bag some bargains.

Joe Biden leaves out Hungary from list of participants in US Democracy Summit

bne IntelliNews November 25, 2021

Viktor Orban is the only premier among the EU member states not taking part in the two-day event.

Tehran City Council renames streets in dig at Azerbaijan

Javid Agha in Baku November 25, 2021

Road renamings celebrate historic Iranian links to the South Caucasus, as well as jailed Shiite group.

Bosnia risks running out of coal as miners refuse to return to work

Eldar Dizdarevic in Sarajevo November 25, 2021

Miners have gone home after two days of protests in Sarajevo, but say they won't return to the mines until their demands are met.

Poland’s government-controlled top court says European human rights convention clashes with Polish Constitution

Wojciech Kosc in Warsaw November 25, 2021

After declaring it can ignore European Court of Justice, Poland's Constitutional Tribunal now claims it can dismiss ECHR rulings.

Slovakia declares two-week lockdown amid record growth in positive COVID-19 cases

bne IntelliNews November 25, 2021

Slovakia has recorded the world´s fastest rise in positive cases.

Migrants continue to try to cross Poland’s border from Belarus, but the camp has gone

Ben Aris in Berlin November 25, 2021

Middle Eastern migrants continue to try to storm the Polish border from Belarus, but security forces say the woodland camp is largely gone.

Bulgaria confirms veto on start of EU membership talks with North Macedonia

Denitsa Koseva in Sofia November 24, 2021

Bulgarian decision blocks opening of EU accession talks with both North Macedonia and Albania.

Bosnian coal miners hold mass protest in Sarajevo

Eldar Dizdarevic in Sarajevo November 24, 2021

6,500 miners from seven mines in the Bosnian Federation held a protest in Sarajevo, forcing a shutdown of mining in the entity.

Moscow claims US rehearsing nuclear strike against Russia as East-West tensions rise further

bne IntelliNews November 24, 2021

Russia claims that US bombers flying only 20 km from Russia’s border were rehearsing a nuclear strike on Russia from two different directions earlier this month, the Defence Ministry said in a statement on November 23.

Ukraine asks Gazprom to extend gas transit deal for 15 years

bne IntelliNews November 24, 2021

Ukraine has asked Russia’s gas behemoth Gazprom to extend the current gas transit deal that expires in 2024 for another 15 years and has offered to cut transit fees in half.

Commercial activity in Turkey grinding to halt amid uncontrolled lira depreciation

Akin Nazli in Belgrade November 23, 2021

Collapse of currency pushing up prices of imported raw materials. Fertilizer and other producers sitting on output as they cannot determine how prices will develop.

At least 46 people from North Macedonia died in bus crash in Bulgaria

Valentina Dimitrievska in Skopje, Denitsa Koseva in Sofia November 23, 2021

Tourist bus returning to North Macedonia from Istanbul caught fire and overturned, killing at least 46 people.

Romanian political crisis ends with formation of unlikely ruling coalition

Iulian Ernst in Bucharest November 23, 2021

Romania’s two biggest parties — the National Liberal Party and Social Democratic Party — put aside their rivalry to form a new government headed by Nicolae Ciuca.

Russia’s Gazprom threatens to cut Moldova’s gas off in 48 hours over unpaid bill

Ben Aris in Berlin, Iulian Ernst in Bucharest November 23, 2021

Russia’s national gas company Gazprom warned the Moldovan government on November 22 it would cut off gas supplies unless an overdue payment for gas was settled within 48 hours.

Hungary’s central bank in tight spot as EUR/HUF rate slips past 370

bne IntelliNews November 23, 2021

Risk aversion in emerging markets, Hungary’s lax response to record COVID-19 infections, and the financial consequences of the EU's rule of law proceedings push forint to near record lows.

Turkey will need emergency rate hikes soon say analysts

bne IntelIiNews November 22, 2021

Currency sinks to yet another all-time low versus dollar of near 11.50 after defiant Erdogan vows to succeed in his "economic war of independence".

US Senator Menendez submits new harsh Russian sanctions bill if Ukraine invaded

bne IntelliNews November 22, 2021

With geopolitical tensions rising to their highest level since April on reports of a Russian troop build-up near Ukraine, US Senate Foreign Relations Chairman Bob Menendez introduced possible harsh new sanctions on Russia to a defence spending bill.

Russian retail investment boom drives IPO of SPB Exchange

bne IntelliNews November 22, 2021

Russia's second-largest stock exchange bourse, SPB Exchange, has raised about $175mn in a highly anticipated initial public offering (IPO) on its own platform, Reuters reported citing the announcement of the bourse.