bne_newspaper_February_22_2019

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Content:
2 Top Stories
6 The Regions This Week 10 Chart
11 bne Invest
16 Central Europe
18 Southeast Europe 19 Eastern Europe 20 Eurasia
21 Opinion
24 bne Tech
February 22, 2019 www.intellinews.com
Has Turkey equity market recovery rally run its course?
Akin Nazli in Belgrade
Turkey’s stock market has returned 52% since last August as it recovers from a deep plunge caused by last year’s currency crisis. But now investors are starting to wonder if the recovery rally has
run its course.
VTB Capital downgraded Turkish equities to equal weight from overweight in emerging markets
Russia gets a second female billionaire
Ben Aris in Berlin
Moscow has more billionaires per square kilo- metre than any other city in Europe, but they are almost all men. Almost. But not quite.
Until this year Russia has had only one female bil- lionaire – Elena Baturina, who made her money in Moscow’s construction sector in the wild 90s.
although it is still relatively more upbeat on banks than non-financials in Turkey portfolios, Akin Tuzun of the Russian investment bank said on February 19 in a research note entitled “Turkish Equities - Taking profits in overweight positions”. The Turkish equity market has risen 52% in dollar
See page 2
Russia gets a second female billionaire, Tatyana Bakalchuk, the founder and owner of Russia's biggest online store Wildberries
An impressive figure and astute businesswoman, but by an odd coincidence her husband was Mos- cow mayor Yuri Luzhkov, who also was in charge of handing out building permissions in the capital and managed a city budget the size of New York’s for more than decade.
See page 5