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4 I Contents bne October 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 Rosneft sells 14% stake to China’s CEFC in biggest ever Russo-Chinese deal
11 Warsaw rated most attractive financial centre in CEE
12 CEE commercial real estate investment falls 6% in first half
13 Kazakhstan hires banks and advisers to ready Air Astana and Kazatomprom IPOs for 2018
14 Kazakhstan’s new stock exchange set for “test run” in December
15 Russky Standart group's profits soar as illegal vodka production eradicated
16 London suspends Estonian ride sharing service Taxify
17 Hungary’s government mulls action against big brewers
18 Slovenia files lawsuit against European Commission as Teran wine dispute escalates
19 IMF delays $5.5bn bailout due to Mongolian government crisis
20 Croatian startup sets the benchmark for smart benches
21 Tajikistan's international bond debut raises $500mn at 7.125%
23 EBRD mulls acquisition stake in Raiffeisen's subsidiary in Belarus
COVER FEATURE
24 Eastern Europe’s blockchain
revolution
27 Russia'smobileeconomyat4%ofGDP to outgrow agriculture, insurance
28 The blockchain of public record 29 Whoppercoin & and UAZik vans
on the chain
1210
13
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COMPANIES MENTIONED
Air Astana (Pages 9, 10) Antena 3
Bitfury 28 Brickblock 26 Burger King 29
CEFC 10
Central European Media Enterprises (CME) 35 Commerzbank 51
Digi TV 35 EBRD 23, 40
Fiat Chrysler Automobiles 8 Heineken 17
Include Ltd 20
Intact Media Group 35
Mahle 8


































































































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