News

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.

Uzbekistan tells COP26 it aims to cut emissions by 35% within decade

Muzaffar Ismailov in Tashkent November 11, 2021

Deputy PM says climate in Central Asia changing twice as fast as in other regions due to the drying up of the Aral Sea.

Norwegian Refugee Council calls on world to help Iran deal with hundreds of thousands of fled Afghans

bne IntelIiNews November 10, 2021

Ahead of harsh winter, 4,000 to 5,000 people from Afghanistan are crossing Iranian border daily says humanitarian NGO.

North Macedonia’s PM Zaev to postpone resignation ahead of crucial EU summit in December

Valentina Dimitrievska in Skopje November 10, 2021

Influential international leaders including German Chancellor Angela Merkel reportedly contacted Zaev to urge him not to step down before summit.

Romania’s central bank cautiously raises refinancing rate by 25bp

Iulian Ernst in Bucharest November 10, 2021

National Bank of Romania increased the refinancing rate to 1.75%, against consensus expectations for a steeper tightening of the monetary stance.

Poland, Lithuania close borders with Belarus as Lavrov suggests EU pay Minsk to keep refugees

bne IntelIiNews November 10, 2021

Lithuania’s parliament declared a state of emergency at the country’s border with Belarus on November 9. It has closed the border to prevent migrants seemingly deployed by Minsk crossing.

Hungary’s central bank under pressure to make more aggressive rate hike as inflation hits nine-year high

bne IntelliNews November 10, 2021

Consumer prices in Hungary rose 6.5% y/y in October, their fastest rate since 2012.

‘Expect less water next year,’ Kyrgyzstan warns downstream neighbours

Ayzirek Imanaliyeva for Eurasianet November 10, 2021

Relations between upstream and downstream Central Asian countries can be tense. This won’t help.

Unicredit set to complete exit from Turkey's Yapi Kredi Bank with sale of remaining 20% stake

Akin Nazli in Belgrade November 10, 2021

Group will book €1.6bn loss on transaction. Market value of Yapi Kredi has tumbled in recent years amid Turkey’s economic turmoil.

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