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BUSINESS6d agoRussia’s Wildberries Finding Fertile Ground in Central AsiaThe Russian e-commerce retailer has announced yet another new logistics facility, this time in Uzbekistan.The Diplomat
BUSINESS6d agoRussia asks Vietnam for planes as illegally re-registered Western fleet falls apartMoscow proposed wet-leasing Vietnamese aircraft, crews and maintenance, but any transfer would involve Airbus or Boeing jets, exposing Vietnamese carriers to secondary sanctions. Nearly a fifth of Russia's largest airlines' planes are already grounded, double the normal downtime rate.EuroNews [en]
BUSINESS6d agoHas Russia’s fuel crisis given Iranian oil an opening in Central Asia?Iran's oil exports have struggled amid a US blockade. A Russian energy crisis because of Ukrainian attacks could help.Al Jazeera [en]
BUSINESS6d agoLuxury developers flocked to the 'Hamptons of Hungary' — but some projects are stallingLake Balaton in south-west Hungary has been a popular vacation destination for decades, but average transaction prices are falling.CNBC
BUSINESS6d agoBallard secures 4.8 MW order for Romania’s first hydrogen train fleetBallard has secured a 4.8 MW order to provide technology for Romania's first hydrogen train fleet. This represents a significant step in the adoption of hydrogen technology in transportation in Romania.Seeking Alpha Tech
BUSINESSOct 6Russian gold floods Hong Kong as sanctions shift bullion trade to Asia: reportA report indicates that Russian gold is increasingly being traded in Hong Kong, suggesting a shift in the global bullion market due to international sanctions. This highlights the adaptation of trade routes and financial flows in response to geopolitical pressures.Seeking Alpha Tech
BUSINESSOct 6UniCredit gets Putin’s approval to sell part of its Russian businessThe Italian bank plans to keep its international payments business while selling its other Russian operations. The approval contrasts with Moscow’s recent moves to place several Western companies’ local assets under temporary management.EuroNews [en]
BUSINESSOct 5Russian gold floods Hong Kong as Western sanctions redraw bullion tradeThe surge underscores how Russia's gold trade has been rerouted after its invasion of Ukraine in 2022 shut its producers out of major Western markets.CNBC
BUSINESSOct 5Ukraine and Germany to deepen partnership to support war-affected businessesUkraine’s Minister of Economy and Environment Oleksandr Kravchenko met on October 4 with Germany’s Federal Minister for Economic Affairs and Energy Katherina Reiche during her visit to Kyiv.Ukrinform [en]
BUSINESSOct 5Putin authorizes Italian banking group UniCredit to spin off part of its Russian bank and sell the remaining businessVladimir Putin has signed an order allowing the Italian financial group UniCredit to restructure its Russian subsidiary, UniCredit Bank, and sell all of the subsidiary’s shares. The document was published on Russia’s legal information portal.Meduza [en]
BUSINESSOct 5Putin authorizes reorganization of UniCredit's Russian divisionIn May bank signed deal to sell part of AO Bank's assetsANSA [en]
BUSINESSOct 5Washington Capitals hockey star Alexander Ovechkin to launch his own beer brand in RussiaHockey player Alexander Ovechkin is launching his own beer brand, OVI, in Russia. Bochkarev Breweries will produce the beer, Kommersant reported.Meduza [en]
BUSINESSOct 5A decade of the Azerbaijan Grand Prix: more than just a raceThe 10th Azerbaijan Grand Prix brought thousands of international visitors to Baku, highlighting Formula 1’s growing impact on tourism, hospitality, jobs and the wider local economy.EuroNews [en]
BUSINESSOct 5Tajikistan Taps Iran as Russian Fuel Runs DryDushanbe's emergency hedge against Russia's fuel crisis puts Tajikistan in the path of U.S. secondary sanctions.The Diplomat
BUSINESSOct 5Polish antitrust watchdog reportedly probes Google over media publisher paymentsA Polish antitrust watchdog is reportedly investigating Google regarding payments to media publishers. This investigation could have implications for Google's operations and media compensation practices in Poland.Seeking Alpha Tech
BUSINESSOct 4Ukraine and Germany sign energy agreements worth more than €155 millionUkraine and Germany have signed a series of agreements in the energy sector; the total value of the portfolio exceeds 155 million euros.Ukrinform [en]
BUSINESSOct 4Zelensky: Ukraine has not yet closed USD 4B deficitUkrinform [en]
BUSINESSOct 4Russia’s nuclear plants are ageing. Who will pay to dismantle them?Moscow faces a huge decommissioning bill at home even as it expands its nuclear industry abroad.Al Jazeera [en]
BUSINESSOct 4How deadlock in the Ukraine war is crippling global food pricesTwo of the world’s largest exporters of grain, locked in war for more than four years, have seen exports plunge even further over the last year. Prolonged conflict around the Black Sea threatens both economies - and those most in need, writes James C. ReynoldsThe Independent World
BUSINESSOct 4Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel ScarceAs Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.NYT World
BUSINESSOct 3Twelve state-owned coal mining enterprises to be transferred to State Property FundThe Cabinet of Ministers has adopted a decision to transfer 12 integral property complexes of state-owned enterprises from the management of the Ministry of Energy to the State Property Fund of Ukraine.Ukrinform [en]
BUSINESSOct 3Azerbaijan International Investment Forum: Where capital meets opportunityThe 2nd Azerbaijan International Investment Forum brought together representatives from more than 70 countries to discuss investment, trade, infrastructure and diversification, with more than $10 billion in contracts and agreements signed.EuroNews [en]
BUSINESSOct 3With the launch of the digital ruble, Moscow hopes to circumvent Western sanctions a bit moreDÉCRYPTAGE - La présidente de la Banque centrale de Russie, Elvira Nabioullina, a supervisé le lancement du rouble numérique et doit désormais en démocratiser l’usage auprès des citoyens.Le Figaro International
BUSINESSOct 3Hungarian restaurants struggle: costs match Europe but revenues lag behindA new study says tourist traps create competition that squeezes quality restaurants, as foreign visitor numbers fall and most Hungarians cannot afford to eat out regularly.EuroNews [en]
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