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The Regions This Week
June 28, 2019 www.intellinews.com I Page 6
Southeast Europe
Albanian opposition parties risk being declared violent organisations by the US if there is any future violence during anti-government protests, US diplomats warned according to broadcaster Top Channel. Opposition activists have been protesting since February, and the demonstrations often ended in violence and clashes with police officers.
The Romanian government passed an emergency decree regulating ridesharing services. The law stipulates requirements similar to those imposed on traditional taxi operators. Representatives of Uber and Clever said it is “good news” for drivers and customers.
Norway’s ScandGreen Energy expressed interest in developing waste-to-energy projects in Kosovo, where it plans to invest up to €65mn. The waste recycling sector is one of the sectors with great potential in Kosovo, but it is underdeveloped.
Turkish Dogan Holding’s indirect subsidiary Boyabat Elektrik Uretim will restructure its loan debt under an agreement reached with creditors. The seven-year deal — with a grace period of two years — foresees annual principal payments of $2mn under a cash sweep mechanism.
North Macedonia’s PM Zoran Zaev withdrew
his proposal to take over the finance ministry as part of a government reshuffle after the anti- corruption body suggested that Zaev could not be prime minister and finance minister at the same time as this would create a conflict of interest.
Montenegro's industrial production and industri- al sales declined further in May after posting falls in each of the previous four months, statistics office data indicated. The industrial output declined 4.8% y/y in May after falling 27.6% y/y in April, affected by the manufacturing and utilities sectors.
US aerospace manufacturer Pratt & Whitney pulled the plug on its Turkey operations, pointing to problems in production quality, aviation news site Airport Haber reported. There have reportedly been increasing tensions at the Turkish Engine Center (TEC), a joint venture between Pratt & Whitney and Turkish Technic.
Days of unusually heavy rains flooded streets
in Serbia’s capital Belgrade with the situation only beginning to improve in the afternoon of June 25. Mayor Zoran Radojcic said malfunctions in two pumping stations had caused the floods, which raised concerns about the poor condition of Belgrade’s water network.
Standard & Poor’s rating agency raised its
long- and short-term issuer credit ratings on Slovenia’s SID Bank to 'AA-/A-1+' from 'A+/A-1' with stable outlook. The improvement of the rating follows the agency’s upgrade of Slovenia’s rating on June 14, 2019, as SID Bank is 100% owned by the Slovenian government.
The EBRD approved plans to provide a senior long-term loan to Croatia’s Studenac, the second largest food retailer on the country’s coast. Studenac, an existing client of the development bank, will use the loan to finance its purchase
of Istarski Supermarketi, a retailer in the Istria region, and for its future expansion.
Romania’s government is moving ahead with plans for a fiscal amnesty. The amnesty proposed by the finance ministry targets 2,773 companies, of which 2,663 are private companies, 30 are state-owned companies, and 28 other companies are mixed-stock (state + private), according to a document released by the ministry of finance and quoted by Profit.ro.