Turkish cement firms’ shares plunge after Syria attack begins and EU shows no appetite to finance home-building for refugees

bne IntelliNews October 10, 2019

Ankara is seeking around $26bn to build homes for Syrian refugees in areas it claims it is clearing of Kurdish “terrorists”.

Czech government spent tens of millions of public money on foreign trips

bne IntelliNews October 10, 2019

Czech Prime Minister Andrej Babis (ANO) and his ministers have been busy traveling around the world, spending millions in public money on 290 business trips abroad.

US senator threatens to hit Turkey with “sanctions from hell” over Syria operation

bne IntelliNews October 10, 2019

Trump allowed incursion “completely against everybody else's advice”, says Republican Graham, adding: “He will get 100% of the credit if he knows something the rest of us don't. And he's going to get 100% of the blame... no middle ground."

Ukraine's PrivatBank reports record high jump in net profit amid de-nationalisation crisis

bne IntelliNews October 9, 2019

Ukraine's largest lender PrivatBank, nationalised in late 2016, has reported a five-fold year-on-year jump in net profit to UAH27.4bn ($1.1bn) in January-September., as a court in Kyiv delayed its verdict on whether to return the bank to its former o

Turkey’s Akbank renews syndicated loan at 83% renewal ratio

Akin Nazli in Belgrade October 9, 2019

As autumn refinancing season arrives, renewal ratios are low, costs remain higher than prior to the currency crisis and 2-year maturities have vanished despite so many positive headlines on country’s economic recovery curve.

Slovenia central bank tightens measures to curb "excessive" consumer lending

bne IntelliNews October 9, 2019

Compulsory new measures introduced after banks ignored central bank’s recommendations, allowing consumer credits to surge despite the recent slowdown in economic activity.

NEWSBASE: Third of large Russian oilfields unprofitable: Rosnedra

bne IntelliNews October 9, 2019

Russian subsoil licensing agency Rosnedra has taken an inventory of Russia’s major oilfields and found that one third of them are unprofitable to develop.

NEWSBASE: Gazprom advances LNG plans

Newsbase October 9, 2019

Russia’s Gazprom has struck a deal with Germany’s Linde on setting up a joint venture to design facilities for the processing and liquefaction of natural gas.

Steinmeier says his formula exists, but planned troop withdrawals fail

Ben Aris in Berlin October 9, 2019

Former German foreign minister Frank-Walter Steinmeier confirmed he proposed the so-called Steinmeier formula in 2015 as a way to break a deadlock over implementing the stalled Minsk II process, contradicting former president Petro Poroshenko.

Russia blocks booming suspicious coal exports to Ukraine via Belarus

Sergei Kuznetsov in Minsk October 9, 2019

The Russian authorities have been blocking exports of coal from its territory to Ukraine through the territory of neighbouring Belarus, according to the Ukrainian Ministry of Energy and Coal Mining.

Polish MEP Robert Biedron reportedly saves man and his 2-year-old son from a burning car

Wojciech Kosc in Warsaw October 9, 2019

Dramatic rescue by the first openly gay politician to win a parliament seat in Poland might just give the left-wing Lewica coalition some extra points in the general election on October 13.

TURKISH MARKETS: Shares and lira sturdy despite ‘tanks at Syria border’ and ‘The Dude’s’ in action

Akin Nazli in Belgrade October 8, 2019

State banks seen making interventions to brake currency. Analyst advises going with mythical equities punter whom he suspects is Erdogan's “private punting pot”.

US senator warns he’ll call for freezing of Turkey’s Nato membership if Ankara attacks Kurds

bne IntelliNews October 8, 2019

Turkish membership of Western military alliance already under strain from Erdogan’s purchase of Russian missile systems.

Russian billionaire Fridman called to testify in Spanish court

bne IntelliNews October 8, 2019

The case is reportedly related to the alleged law violation when Fridman-linked entities received control of technology company ZWW.

10,000 people demonstrate against the Steinmeier plan in Kyiv

Ben Aris in Berlin October 7, 2019

Demonstrators gathered on Kyiv’s Maidan square on October 6 against Ukrainian President Volodymyr Zelenskiy’s decision to accept the so-called Steinmeier formula ahead of his first Normandy Four meeting.

A new era in Kosovan politics as opposition parties prepare to form government

Valentina Dimitrievska in Skopje October 7, 2019

Popular discontent with established parties in Kosovo helped Vetevendosje and the LDK to victory in Sunday’s general election and they are now poised to form a government that will most likely exclude the PDK for the first time since independence.

Sex, corruption, cocaine, Hungary’s election campaign gets dirty

Levente Szilagyi in Budapest October 7, 2019

An anonymous blogger has released a sex video showing Zsolt Borkai, the Fidesz mayor of one of Hungary's largest cities, on a yacht with prostitutes less than one week before the local government elections, local media reported on October 6.

Cyprus accuses Turkey of “bullying tactics of an era long gone” as drill ship heads for ‘licensed’ waters

bne IntelliNews October 4, 2019

On same day, Greek PM warns Ankara not to “exploit” the migrant crisis for its own ends as overcrowded camps experience sharp spike in arrivals.

Ukraine president rejects 'capitulaton' in Donbas peace talks with Russia

bne IntelliNews October 4, 2019

Ukrainian President Volodymyr Zelenskiy has rejected alleged "capitulation" and "surrender of Ukraine's national interests" during the Donbas peace talks with Russia.

Has the flood of foreign investment into Ukraine’s local bond market run its course?

Ben Aris in Berlin October 4, 2019

Ukraine’s finance ministry only raised $3.1mn from the sale of bonds at its weekly bond auction on October 1, down from $524mn a week earlier.