Page 1 - bne IntelliNews 26th May

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Content:
2 Top Stories
5 The Regions This Week 9 Chart
10 Central Europe 12 Southeast Europe 15 Eastern Europe 17 Eurasia
20 Opinion
23 Lists24 Lists
May 26, 2017 www.intellinews.com
New law to allow Romania’s “port oligarchs” to cash in
bne IntelliNews
A draft law currently being considered in Romania would set fees to lease land and infrastructure
at Black Sea and Danube ports at extremely low levels for the next decade, allowing private port operators to make tens of millions of euros in profit at the expense of the state, industry insiders claim.
Russia’s Otkritie uses London bank as collateral for €250mn loan
bne IntelliNews
The fast-growing Russian lender Otkritie is using its London brokerage business as collateral for a €250mn loan to help fund a brazen streak of acqui- sitions, bne IntelliNews can reveal.
Financial analysts said they believe the shad-
owy lender, which has close connections to key Kremlin-controlled entities, may be using the loan
Port of Constanța.
The low rents charged have already resulted in a lack of competition and a low level of infrastruc- ture development at Romania’s ports including the largest, Constanta. Allowing this to continue would most likely see some shipping companies
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to fund the purchases of the insurance colossus Rosgosstrakh, a diamond business, as well as to plug holes in a lender previously ad-fronted by Hol- lywood actor Bruce Willis.
Filings made early this month with UK Companies
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