Home Credit files for Hong Kong public offering

Nelly Tomcikova in Prague July 15, 2019

Consumer lender majority owned by Czechia's richest man Petr Kellner mulls Hong Kong listing that could raise more than $1bn.

Poll shows high hopes ahead of Ukraine’s weekend general election

Ben Aris in Belrin July 15, 2019

Zelenskiy’s Servant of the People party still riding wave of popularity. Looks set to win by far largest share of vote and possibly outright majority.

“Serious” interest rate cuts on the way: Erdogan

bne IntelliNews July 15, 2019

Under pressure Turkish president who fired central bank governor last week leaves no doubt he is at the monetary helm.

Moldova seeks to wipe out cigarette smuggling on eastern border

bne IntelliNews July 15, 2019

New government in Chisinau claims cigarette smuggling via the separatist republic of Transnistria was allowed to flourish under the previous administration.

Russian oil companies ask for $40bn in tax breaks for Arctic development

bne IntelliNews July 15, 2019

Discussions are ongoing on whether Russia's largest companies will be able to maintain stable long-term oil output with Siberian brownfields alone, without tapping into challenging Arctic offshore fields.

Ukraine's president under fire over plan to expand lustration

bne IntelliNews July 15, 2019

Newly elected President Volodymyr Zelenskiy wants to change the law to extend lustration to officials who held high-level posts following the 2014 Euromaidan, including former president Petro Poroshenko.

Montenegro poised to join wave of Southeast European Eurobond issuers

Denitsa Koseva in Sofia July 14, 2019

Podgorica is mulling a €500mn Eurobond to refinance maturing debt, following successful issues by Croatia and Serbia in June.

Kazakhstan hikes car output

Kanat Shaku in Almaty July 12, 2019

Neighbouring Uzbekistan produced six times more cars than Kazakhstan in 2018 — but that could change with the launch of a new $1.1bn Chinese-Kazakh joint venture.

Serbia’s central bank makes surprise cut to key rate

Denitsa Koseva in Sofia July 11, 2019

The National Bank of Serbia lowered the key rate to 2.75% after keeping it at 3% for thirteen consecutive months.

Bosnia’s Aluminij to file for bankruptcy

Denitsa Koseva in Sofia July 11, 2019

Troubled aluminium smelter was forced to halt operations as power supplies were cut off due to its unpaid debts, and no strategic partner has been persuaded to take it over.

EU may threaten Turkey with sanctions over Cyprus dispute

bne IntelliNews July 11, 2019

The European Union’s row with Turkey over access to potential deposits of oil and gas in the disputed waters around Cyprus has flared up again.

Russia’s oil output fell to a three-year low of 10.79mn bpd in early July

bne IntelliNews July 11, 2019

Russia’s oil output fell to a three-year low of 10.79mn barrels per day (bpd) in early July, due to a row between oil pipeline monopoly Transneft and Rosneft, the country’s biggest oil producer

IMF, Moldova reach staff-level agreement that will unlock next loan tranche

bne IntelliNews July 10, 2019

IMF officials commend "sound" 2019 supplementary budget and rehabilitation of banking sector, as the Fund prepares to issue a loan tranche of around $46.5mn.

Putin ridicules green energy in speech in Russia’s dirtiest region

Ben Aris in Berlin July 10, 2019

Russian President Vladimir Putin ridiculed green energy during a speech in Sverdlovsk, Russia’s dirtiest region, asking if anyone cares about the worms and birds that are killed by wind turbines.

Russian State Duma calls for sanctions on Georgia, but Putin urges restraint

bne IntelliNews July 10, 2019

The Duma proposed a ban on imports of Georgian wine and mineral water amid a spike in tensions between the two countries.

Two Russian comedians prank North Macedonia’s PM Zaev

Valentina Dimitrievska in Skopje July 10, 2019

Russian pranksters Vladimir "Vovan" Kuznetsov and Alexei "Lexus" Stolyarov called North Macedonia’s Prime Minister Zoran Zaev pretending to be ex-Ukrainian president Petro Poroshenko.

Construction of the Turkish Stream pipeline 90% finished

Ben Aris in Berlin July 9, 2019

Last week Russian state-owned gas giant Gazprom invited bank analysts on a trip to inspect the construction work of the Turkish Stream (aka TurkStream) pipeline. They report work on the pipeline is on schedule and that it is 90% complete.

Kazakhstan sign agreements with Total and Eni on offshore Abay block and Dunga oil field

Kanat Shaku in Almaty July 8, 2019

Thanks to gradual economic recovery in 2017-2018, foreign investor interest in Kazakhstan has been on the rise.

Georgian opposition TV host delivers expletive-laden philippic against Russia

bne IntelliNews July 8, 2019

Rustavi 2 host used some of the strongest swearwords in the language in his monologue that followed a week of protests sparked by a Russian deputy's speech to the Georgian parliament.

Budapest Pride march ends peacefully as far-right protesters sealed off

bne IntelliNews July 8, 2019

For the first time pride participants were able to march without police cordons, while a group of counter protesters was kept away from the march by police.