Anti-corruption prosecutors say seizure is connected to a money laundering case concerning the privatisation of Air Moldova last year.
Slovenian national carrier Adria Airways's decision to file for bankruptcy followed the demises of a series of other European airlines against the underlying trend of an air transport market in the throes of consolidation.
Sharp fall in CPI driven by post-currency crisis base effects offers scope for more rate cuts, but analysts worry central bank will be too aggressive as Erdogan administration pushes for a big credit-fuelled rebound from recession.
Private banks lately mandated Morgan Stanley as adviser for sale of special purpose vehicle that holds 55% stake of Turkey’s largest integrated telco. Fact that privatisation deal ends in 2026 may dissuade potential buyers.
Official claims Israeli and Arab agents had plan to detonate explosives by grave of Major-General Qassem Soleimani’s father. Iranian armed forces, meanwhile, unveil new drones and micro-mine and micro-robot units.
The ruling by the EU’s top court will allow mortgage borrowers to ask Polish courts to convert their loans into the local currency, and is expected to lead to more borrowers taking legal action against banks.
Foreign Minister Peter Szijjarto says move guarantees domestic supply security and allows Hungary to store gas for other countries, after Gazprom agrees to top up Hungary's gas reserves.
Senate speaker states “Uzbek president has made a decision” to apply for membership of the Moscow-led trade bloc.
A subsidiary of the System Capital Management (SCM) Holdings that belongs to Ukraine’s biggest oligarch Rinat Akhmetov and Raga Establishment “formally and finally settled the dispute” concerning the sale of Ukrtelecom back in 2013.
Country’s largest private bank saw interest from around 70 qualified individual and institutional investors, including pension and investment funds.
Ataka leader removed from TV studio by police after he launches a homophobic attack on his coalition partner’s candidate for Sofia mayor.
Poland’s energy sector would need €300bn-€400bn for transformation towards carbon-neutrality while the price tag for the entire Polish economy to meet the EU’s climate ambitions could be €700bn-€900bn, Energy Minister Krzysztof Tchorzewski said.
While the opposition seems to have consolidated sufficient support in parliament to win the no-confidence vote, it does not have the necessary coherence to replace Viorica Dancila's cabinet with a new government.
Volodymyr Zelenskiy has agreed with the other members of the Trilateral Contact Group that oversees the negotiations to end fighting in the Donbas to adopt the so-called Steinmeier formula to bring the war in Donbas to an end.
Hungary has reached the limit of new job creation so the goal will shift from creating workplaces to strengthening technological development and R&D.
Disillusioned with official corruption, Kosovans are turning away from the ruling parties ahead of this Sunday's snap general election.
Issue may provide opportunity for Ankara to market its new medium-term economic strategy, but analysts say it is plagued by inconsistencies.
Slovenian Economy Minister Zdravko Pocivalsek warned earlier that the financial hole in the company is much larger than expected. Local media estimate Adria's debts at €90mn.
“He fell asleep twice during an afternoon meeting,” says one Western financier after meeting mid-level Uzbek official made busy by Shavkat Mirziyoyev’s reform-packed agenda.
Looking to hang on to assets long enough to extract some profit, lenders continue to explore setting up “bad bank” to house higher-quality NPLs.