Dubrovnik plans to tax foreign cruise ships

bne IntelliNews September 30, 2019

The Croatian city of Dubrovnik is planning to introduce a tax on foreign cruise ships from 2021, which is being overwhelmed by hoards of tourists

Czech Republic ranked 22nd most economically free country in the world, according to Economic Freedom Index

Nelly Tomchikova in Prague September 30, 2019

The Czech Republic was ranked as the 22nd most economically free country among the 162 countries in the world in 2018 (based on 2017 data), according to the Economic Freedom of the World Index published by Canadian institute Fraser.

Standard & Poor’s upgrades Ukraine’s rating to B as IMF gives the Zelenskiy government a mixed report card

Ben Aris in Berlin September 29, 2019

International ratings agency is upbeat on Ukraine as it upgrades the country's long-term foreign currency score to B from B-, on the same day the IMF issued a mixed report on Ukraine's progress.

Ukraine security and defence council's chief Danylyuk unexpectedly resigns

bne IntelliNews September 27, 2019

Recently appointed secretary of the Ukrainian National Security and Defence Council (NSDC) Oleksandr Danyluk has written a resignation letter, the presidential office said on September 27.

European Parliament committee rejects Hungarian, Romania commissioners-designate

bne IntelliNews September 27, 2019

In an unprecedented development, MEPs Rovana Plumb and Laszlo Trocsanyi were rejected by the European Parliament Committee on Legal Affairs over conflicts of interest.

Czech PM Babis criticized Greta Thunberg for being hysterical at UN

Nelly Tomchikova in Prague September 27, 2019

The Czech Prime Minister Andrej Babis (ANO) denounced the speech of 16 year old climate activist Greta Thunberg at the General Assembly of the United Nations calling it “hysterical.”

FTSE Russell raises Romania to secondary emerging market status

Iulian Ernst in Bucharest September 27, 2019

Finance Minister Eugen Teodorovici welcomes decision from FTSE Russell that puts Romania among "select club of high profile exchanges" and is expected to result in inflow of investment.

Moldova signs €264mn funding package to connect to Romania’s power grid

Iulian Ernst in Bucharest September 27, 2019

Project is of critical importance for the diversification of Moldova’s electricity supply — but highlights the need for more generation capacity in Romania.

Russia's Gazprom moves ahead in buying out large subcontractors

bne IntelliNews September 26, 2019

Natural gas giant Gazprom reportedly closed a deal to buy out 100% of its largest subcontractor Stroygazmontazh controlled by stoligarch Arkady Rotenberg.

Hungarian government ready to fight "brandy war" ahead of local elections

bne IntelliNews September 26, 2019

The Hungarian government will fight to reverse a ruling on taxing palinka, the traditional fruit brandy, a popular theme among rural voters where the ruling Fidesz party is expected to secure another landslide.

Ukrainian President Volodymyr Zelenskiy meets with US President Donald Trump at UN

Ben Aris in Berlin September 25, 2019

Zelenskiy sat with Trump for an uncomfortable half an hour in front of the cameras at the UN General Assembly on September 25.

LG files patent infringement lawsuits against Turkish home appliances maker Arcelik

bne IntelliNews September 25, 2019

Legal action, also aimed at German affiliates, claims “unlicensed implementation” of South Korean giant’s freezer door-ice making technology.

Turkey “barely trying” to cut carbon emissions says National Geographic

bne IntelliNews September 25, 2019

“Climate change report card” notes, for instance, that country is pushing ahead with huge expansion of coal-fired plants. Meanwhile, largest lake in the Mediterranean region, Beysehir, seen as on course to dry out by 2040s.

Ukraine to boycott PACE autumn session following Russia’s readmission

bne IntelliNews September 25, 2019

The Ukrainian delegation to the Parliamentary Assembly of the Council of Europe won’t participate in its autumn session between September 30 and October 4, according to its official statement published on September 23 by People’s Servant MP Yelyzavet

Two Czech companies among five fastest growing in EMEA

Nelly Tomchikova in Prague September 25, 2019

Czech companies Prusa Research and are among the top 5 fastest-growing technology companies in Europe, Middle East and Africa region (EMEA).

International lowcost carriers bid for 33 destinations from Russia

bne IntelliNews September 25, 2019

International low-cost airlines Ryanair, EasyJet and Wizzair have submitted bids for 33 destinations out of St Petersburg airport Pulkovo as of 2020, which would require that the airport complies with the Open Skies regime

Slovenia’s cash-strapped Adria Airways suspends flights

Valentina Dimitrievska in Skopje September 24, 2019

Adria says it is "intensively searching for solutions" with potential investors, as it suspends flights for two days.

Estonian police searching for ex-head of local Danske Bank unit

bne IntelliNews September 24, 2019

Police have warned that Aivar Rehe, who headed the branch at the centre of a €200bn money laundering scandal, may be in danger after he disappeared early on September 23.

Prosecutors freeze assets of Air Moldova and private company that purchased it

Iulian Ernst in Bucharest September 24, 2019

The seizure was carried out in connection to "large scale money laundering" during the privatisation of Air Moldova, prosecutors from Moldova’s National Anticorruption Centre announced.

Czech Prime Minister Andrej Babis falls two places to rank fourth richest man in a Czech-Slovak wealth ranking

Nelly Tomchikova in Prague September 24, 2019

The 2019 ranking of the 50 richest Czechs and Slovaks compiled by the Euro weekly shows some significant changes. While Czech billionaire Petr Kellner remains top dog, the Czech Prime Minister Andrej Babis (ANO) has fallen two spots to number four.