Hungary's ruling Fidesz boycotts extraordinary parliament session on Sweden's Nato accession

bne IntelliNews August 1, 2023

Hungary remains the only EU member state not to have ratified Sweden's accession to Nato.

Hungary in race to host another major EV battery investment

bne IntelliNews August 1, 2023

Hungary is already set to be the world's second-largest EV battery manufacturer after the completion of new investments, as the government aims to make it a global EV battery powerhouse.

US sanctions top Bosnian Serb officials

Iulian Ernst in Bucharest August 1, 2023

Member of the Bosnian presidency Zeljka Cvijanovic and Republika Srpska PM Radovan Viskovic among those sanctioned for undermining the agreements that ended the 1992-95 Bosnian war.

Banana crates from Ecuador now ‘usual suspect’ for Turkey's cocaine police

Akin Nazli in Belgrade July 31, 2023

Potato and cheese shipments also popular with drug smugglers. Turkey’s Mersin port a top destination for narcos.

Business as usual in Moscow’s International Business Center as commuters return to the office just one day after Ukrainian drone strikes

bne IntelliNews July 31, 2023

The Moscow International Business Center, better known as Moscow City, is a commercial district hosting seven of Europe’s ten-highest skyscrapers, and houses offices for the country’s largest and best-known businesses.

Rights activists push for ban on Bulgaria’s far-right Vazrazhdane Party

bne IntelliNews July 31, 2023

Petition launched by Bulgarian Helsinki Committee accuses pro-Kremlin party of actively undermining Bulgaria's democratic legal order.

Fitch upgrades Armenia as war migrants add dynamism to economy

bne IntelIiNews July 31, 2023

Ratings firm notes inflow of up to 65,000 people supported growth of 12.6% in 2022, with 7.2% expected this year.

Czech oligarch Kretinsky reaches an agreement on entry into French retailer Casino

bne IntelliNews July 31, 2023

Kretisnky’s consortium will own between 50.4% and 53% of Casino’s shares after debt restructuring of French retail group.

Czech cyanide maker Draslovka in talks on potential IPO

bne IntelliNews July 31, 2023

World’s largest producer of sodium cyanide is considering a listing in London or another international exchange.

Ministers from North Macedonia’s junior ruling party resign to pave way for constitutional changes

Valentina Dimitrievska in Skopje July 30, 2023

DUI ministers stand down in attempt to broker deal with opposition VMRO-DPMNE to get controversial changes needed for EU accession through parliament.

Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation

bne IntelliNews July 30, 2023

Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.

Industry insiders fear Turkish apparel exports may shrink 10% this year

bne IntelIiNews July 29, 2023

Global downturn and overvalued lira hit $50bn sector.

Ukraine advances in Zaporizhzhia and Donetsk: Is the main stage of the counter-offensive underway?

Dominic Culverwell in Kyiv July 28, 2023

Is the main stage of Ukraine’s counter-offensive underway? Ukraine made noticeable advancements on July 26 and 27 along three fronts in the Western Donetsk and Zaporizhzhia regions, with the bulk of troops deployed in the south-east.

Putin to send six African countries grain “free of charge”, refuses to rejoin Black Sea Grain Initiative

bne IntelliNews July 28, 2023

Putin stated that Russia had the ability to “fill in the gap left by the withdrawal of the Ukrainian grain from the global market, either by selling its grain or by transferring it for free to the neediest countries in Africa”.

Sunwoda to set up EV battery plant in Hungary with €1.5bn investment

bne IntelliNews July 28, 2023

Hungary ranks fourth globally in electric vehicle battery production, and is set to move up to second place.

Poland says it is ready to “isolate” Belarus to protect border

Wojciech Kosc in Warsaw July 28, 2023

Poland has been eyeing the 418-kilometre-long border with Belarus with extra vigilance since the relocation of the Wagner mercenary group from Russia.

Turkey’s new central bank chief applauded for hiking inflation forecast to ‘realistic’ 58% from 22%

bne IntelIiNews July 27, 2023

Ex-Wall Street banker brought in to help get Turkey on to more conventional economic tracks also vows to continue pushing up rates.

Nato warns Russia poses escalation risks in Bulgaria’s Black Sea economic zone

Denitsa Koseva in Sofia July 27, 2023

Russia’s new warning area in the Black Sea is within Bulgaria’s exclusive economic zone.