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4 I Contents bne September 2017
Senior editorial board
Ben Aris (Berlin) editor-in-chief & publisher
Will Conroy
deputy managing editor
Robert Anderson (Prague) managing editor
Clare Nuttall (Bucharest) news editor
Nicholas Watson (Prague) contributing editor
Advertising & subscription
Elena Arbuzova (Moscow) business development
Design
Olga Gusarova (London) art director
+49 17664016602 baris@bne.eu
wconroy@bne.eu
+42 0603517867 randerson@bne.eu
+40 757369985 cnuttall@bne.eu
+42 0731582719 nwatson@bne.eu
+7 9160015510 earbuzova@bne.eu
+44 7738783240 ogusarova@bne.eu
6 THE MONTH THAT WAS COMPANIES & MARKETS
10 Sugar, sugar – up in Ukraine and down in Russia
13 Czech rate setters take the plunge
14 Fitch says IBA debt restructuring insufficient
15 Brno top destination for tech startups in CEE/CIS
15 Russia has the most barriers to trade for European exporters
16 Sale of Bulgarian airfare search company to spur on local market
17 Turkey’s Anadolu, AB InBev brew up merger to take
on contracting Russian, Ukrainian markets
18
20 26
32 34
36
Belarus, China mull $500mn investment fund, closer cooperation
COVER FEATURE
Russia’s banking sector on the edge again
Health of bank sector
CENTRAL EUROPE
CEE/CIS economic hubs face $1.3 trillion infrastructure gap
Lithuania receives its first shipment of US LNG
SOUTHEAST EUROPE
Wild capitalism threatens the untamed rivers of Southeast Europe
ICT Group 29 International Bank of Azerbaijan 14
Lietuvos Duju Tiekimas (LDT) 34 Lukoil 30
Lukoil Garant 25
20
13
17
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COMPANIES MENTIONED
AB InBev (Page 17) Aliquantum Energy 37 Anadolu Efes 17 Astarta12
BioFoodLab 40-43
Carlsberg 17 Cheniere Energy 30
Great Stone logistics and manufacturing park 18
Hydev 37


































































































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