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bne May 2021 Contents I 3
CENTRAL EUROPE
EASTERN EUROPE
48 IKEA’s New Europe Empire
55 Unbundled: the Gas Transmission System Operator of Ukraine
58 Russia gets ready for green power and problems from costing carbon
61 Belarus introduces new restrictions on political parties and media
EURASIA
62 Kyrgyzstan: Referendum hands Japarov the super- presidency he craved
63 Kyrgyzstan president prescribes poison root for COVID-19
66 Iran makes defiant “60%” uranium move in wake of suspected attack by Israel
67 Azerbaijan accused of fomenting ethnic hatred with display of dead Armenian soldiers’ helmets
30
38
58
75
30 Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia
32 Zelenskiy meets Macron as Russia engages in a diplomatic dance over a possible Biden- Putin summit
35 Hungarian millionaire’s persecution shows reality of 'rule of law' in Viktor Orban’s Hungary
36 UEFA's 'unfair' punishment of Czech football player raises furore among fans and politicians
SOUTHEAST EUROPE
38 The new number 1 in Romania’s private medical sector
40 Bulgaria’s new sheriff in town 42 Next steps for Romania’s
Fondul Proprietatea
44 COVID cabin fever creates
a middle class Balkan jetset
OPINION
68 Russia-Ukraine war alert – what’s behind it and what lies ahead?
71 Few routes to power in Bulgaria’s fragmented new parliament
73 Russian 'sanctions bubble' vs Ukrainian and Turkish fundamentals
75 It’s time for a new pan- European security treaty
NEW EUROPE IN NUMBERS
79 Minor outflows from Russian equity and bonds, despite talk of war with Ukraine