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bne July 2021 Contents I 3
CENTRAL EUROPE
34 Hungary’s most powerful oligarch says he is just
a lightning rod for attacks on Orban
36 Hungary seems all set for a record year in 2021
SOUTHEAST EUROPE
EASTERN EUROPE
46 M.Video-Eldorado Russia's retail lion
50 Russia’s sanctions soft underbelly: precision machine tools
54 Kyrylo Shevchenko, Governor of the National Bank of Ukraine
EURASIA
58 Armenia's Pashinyan wins re-election in landslide
59 MPP's Khurelsukh wins landslide victory in Mongolia’s presidential election
61 Erdogan pays historic visit to post-war Nagorno-Karabakh
62 No sign election of Raisi as Iran’s president will derail efforts to restore nuclear deal
63 Khamenei given Iran made coronavirus vaccine shot
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38 Turkey, China in firing line as Biden holds summit with Nato allies
39 Albanian judge who appeared in designer clothes on TikTok suspended
40 Two jail terms amounting to 3,576 years handed down for conspiracy to frame Turkey’s Fenerbahce football club
42 Albanian MPs impeach President Ilir Meta
44 Illegal organ transplant scandal revealed at Bulgarian VIP hospital
45 Montenegro’s ruling coalition in question after justice minister sacked over genocide denial
OPINION
64 More speed, less haste – finding the right balance in preparation for Uzbekistan’s SOE privatisation
66 Biden meets Putin: America, Russia, and the return of diplomacy
68 The challenges of targeting Minsk and doing more harm than good
71 Russia hits herd hostility to vaccines as COVID rages
NEW EUROPE IN NUMBERS
75 Russians consider the US to be the number one “unfriendly country”