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 2 I Contents bne July 2021
Senior editorial board
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20 6
   COMPANIES & MARKETS
4 International banking groups look to expand in Central and Southeast Europe de-spite pandemic
6 Poland's PKN Orlen bulks up to play in the big league
8 Merger between Moneta Money Bank and Air Bank in trouble after proxy firms come out against
9 Russian stocks Geneva summit rally comes to an end after 36 weeks of straight inflows
10 Russian government tweaks 50% dividend payout rule for state companies
11 European commissioner confirms €30bn EU investment plan for Western Balkans
12 Romexpo real estate project exposes divisions within Romania’s ruling coalition
13 Romanian developer One United Properties to launch IPO
14 Citigroup winding up brokerage in Turkey
15 Russia to reduce its dollar holdings in its NWF rainy day fund to zero
17 Russian e-commerce recorded one of the world’s highest growth rates in 2020
18 Tinkoff offers virtual phone secretary to all Russian mobile phone users
19 Turkey’s Getir online rapid groceries business raises $555mn in new funding round
19 Albanian fintech Rubicon raises pre-seed funding round
20 Coal bandits
26 Gazprom confesses to several big
methane leaks this year
27 IEA calls for $1 trillion of annual investment into clean energy in developing economies
29 Central bank says 50% of Romanian bank loans bear climate change risk
COVER FEATURE
30 The climbing cost of carbon
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