bne_newspaper_October_12_2018

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Content:
2 Top Stories
7 The Regions This Week 11 Chart
13 Central Europe
15 Southeast Europe
18 Eastern Europe 21 Eurasia
23 Opinion
26 Lists24 Lists
October 12, 2018 www.intellinews.com
Belarus' new nuclear power plant will change the energy balance in the Baltics
Ben Aris in Berlin
Construction of Belarus’s new Astravets nuclear power plant is almost complete. Under a deal signed in 2007, Russia’s Atomstroyexport is building the controversial $11bn plant that
is 90% financed by the Kremlin, and the first reactors of the 2.4GW plant are due to go online in December 2019 with the power station fully operational a year later.
“They’ve hit the wall, and hard”: Record Turkish current account surplus suggests deep recession
Akin Nazli in Belgrade
Turkey’s current account swung to a surplus of $2.59bn in August, the highest monthly surplus ever and the first seen since September 2015, the central bank announced on October 11.
Timothy Ash of Bluebay Asset Management re- sponded in an e-mailed comment: “Suggests
The Astravets nuclear power plant in Belarus is almost complete.
Belarus’s neighbours have been against the plant from the beginning, especially Lithuania and Poland.
Located in the western Grodno region, near the border with Lithuania, the plant is only 60km
See page 2
deep recession as the price of rebalancing. Likely as deep as 2008/09, perhaps worse, between 08/09 and 01/02. The cost of failed policy respons- es earlier this year — when every economist worth their salt were telling them to slam the brakes on.
See page 5