News

Ministry reveals Montenegro massively overspent on motorway project that ramped up country’s debt

Denitsa Koseva in Sofia November 16, 2021

Two feasibility studies published by the capital investment ministry indicate Montenegro’s previous government borrowed at least $140mn more than the first priority stretch of the Bar-Boljare motorway should have cost.

Slovenia launches mass mobilisation of medical staff to fight pandemic

Valentina Dimitrievska in Skopje November 16, 2021

Shortages of doctors and nurses reported as latest wave of pandemic overwhelms Slovenian hospitals.

Budapest Airport owners enter due diligence process with government

bne IntelliNews November 16, 2021

Owner AviAlliance confirmed reports that the consortium had received a revised, non-binding bid.

Poland asks its top court to rule on legality of EU’s fine over Turow mine

Wojciech Kosc in Warsaw November 16, 2021

The move marks another ratcheting up of Poland's dispute with the EU, with the tribunal being asked to rule on whether the CJEU itself is breaching the EU treaty.

Russia strikes deal on Iran's multi-trillion dollar Chalous gas field as ‘final act securing control over European energy market’

bne IntelIiNews November 16, 2021

Tehran said to be expecting geopolitical payoff by giving up control of field that makes Iran holder of world’s biggest gas reserves.

German regulator Bundesnetzagentur suspends the approval of Nord Stream 2 gas pipeline, gas prices spike

bne IntelliNews November 16, 2021

In a surprise decision, the German Bundesnetzagentur, responsible for awarding the certification that would allow the controversial Nord Stream 2 gas pipeline, has suspended the process, killing off hopes for an early start to the pipeline's work.

FSUOGM: Sechin warns of energy “super cycle”

bne IntelliNews November 16, 2021

Russia’s state-owned Rosneft has followed other oil and gas majors in reporting a surge in profits in the third quarter on the back of higher prices, with its CEO Igor Sechin predicting a “super cycle” in energy markets.

EU slaps Belarus with new sanctions for stoking migration crisis at Poland’s border

Wojciech Kosc in Warsaw November 16, 2021

A list of people and entities to be hit by asset freezes and travel bans is expected to be finalised in the coming weeks.

Russia's Sber pulls out of VK (Mail.ru) stake, JVs overshadowed

bne IntelliNews November 15, 2021

Russia's largest lender Sber has sold its 36% stake in MF Technologies, which controls 57.3% of VK (former Mail.ru Group) for RUB12.8bn ($175mn) to Gazprombank.

EU to expand the scope of sanctions on Belarus as migrant crisis deepens

bne IntelliNews November 15, 2021

EU foreign ministers in Brussels said on November 15 they will expand the scope of sanctions on Belarus in response to the migrant crisis on the border with Poland, where thousands of refugees are trapped in rapidly deteriorating conditions.

Top opposition politicians back protesting farmers in Albania

bne IntelliNews November 15, 2021

Cash-strapped farmers hit by soaring energy and fertiliser costs are demanding Edi Rama’s government rethink the 2022 budget to give them more support.

Change Continues to start coalition talks after winning Bulgarian snap election

Denitsa Koseva in Sofia November 15, 2021

Bulgaria’s newest political player has the chance to form a government if it manages to bring together a diverse group of smaller parties.

As lira carnage mounts BBVA moves to snap up rest of Turkish bank Garanti

Akin Nazli in Belgrade November 15, 2021

Spain-based group sees chance to acquire stake at bargain price. Some critics worry Turkey’s economic distress means foreign investors will bag too many assets on the cheap.

Cabinet fires GarPok director allegedly for attempt to pay to all green energy producers

Cameron Jones in Kyiv November 15, 2021

Cabinet fires GarPok director allegedly for attempt to pay to all green energy producers

Change Continues and Gerb neck-and-neck in Bulgarian parliament election

Denitsa Koseva in Sofia November 14, 2021

Politicians from both parties say they will try to form a government as exit polls indicate a very tight race.

Far right's state-approved Independence March passes through Warsaw without major incidents

Wojciech Kosc in Warsaw November 12, 2021

Warsaw mayor Rafal Trzaskowski tried to block the march in court but was overridden by the government’s decision to make the march a state event.

Disappearance of ethnic Albanian MP thwarts opposition attempt to overthrow North Macedonia’s government

Valentina Dimitrievska in Skopje November 11, 2021

Besa leader called the police after party member Kastriot Rexhepi failed to turn up for crucial vote — but Rexhepi later appeared in a Facebook video claiming to be “fine and in good health”.

Lukashenko threatens to cut gas supplies to Yamal-Europe gas pipeline if EU imposes new sanctions, promises to send refugees dry firewood

bne IntelliNews November 11, 2021

Belarus' President Alexander Lukashenko threatened to cut off gas transit to Europe through his country by shutting down the Yamal-Europe pipeline if the EU imposes new sanctions on the country.

Climate change ‘destroying honey production in Kyrgyzstan’

bne IntelIiNews November 11, 2021

Disappearing glaciers leading to a loss of meltwater, leaving beekeepers high and dry.

EU prepares fresh sanctions on Belarus in response to the refugee crisis

bne IntelliNews November 11, 2021

The EU accused Belarus' President Alexander Lukashenko of running a “gangster state” and is preparing fresh sanctions ahead of a meeting of the foreign council on November 15.

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