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4 I Contents bne March 2018
Senior editorial board
Ben Aris (Berlin) editor-in-chief & publisher
Will Conroy
deputy managing editor
Robert Anderson (Prague) managing editor
Clare Nuttall (Bucharest) news editor
Advertising & subscription
Elena Arbuzova (Moscow) business development
Design
Olga Gusarova (London) art director
+49 17664016602 baris@bne.eu
wconroy@bne.eu
+42 0603517867 randerson@bne.eu
+40 757369985 cnuttall@bne.eu
+7 9160015510 earbuzova@bne.eu
+44 7738783240 ogusarova@bne.eu
Please direct comments, letters, press releases and other editorial enquires to editor@bne.eu
All rights reserved. No part of this publication may be reproduced, stored in or introduced to any retrival system, or transmitted, in any form, or by any means electronic, mechanical, photocopying, recording or other means of transmission, without express written permission of the publisher. The opinions or recommendations are not necessar- ily those of the publisher or contributing authors, including the submissions to bne by third parties. No liability can be attached to the publisher for these comments, nor for inaccuracies, errors
or omissions. Investment decisions or related actions taken on the basis of views or opinions that appear herein are the responsibility of the reader and the publisher, contributors and related parties cannot be held liable for these actions.
bne Intellinews is published by Emerging Markets Direct OU
Print issue:
£4.50/$6.75/€5.90 . €499/year
6 THE MONTH THAT WAS COMPANIES & MARKETS
10 Russia gets back to investment grade rating
14 Collapse of ABLV prompts new questions about stability of Latvia’s leading banks
15 Kazakhstan to spend $60mn annually for three years
on Astana International Financial Centre
16 The founder of Russian supermarket giant Magnit’s calls it a day
17 MTG confirms sale of Bulgaria’s Nova Group to Petr Kellner
18 Auto-parts producer to close Romanian factory due to worker shortage
19 EIB to go ahead with controversial €1.5bn loan for TAP pipeline
20 Kazakh car output triples in January
21 Russian Novaport plans IPO after consolidating 20 airport assets
22 The death of Russia’s DRs
24 Unilever slurps up Romania’s
Betty Ice
25 US dollar nearly hits IRR50,000 mark for first time in history
26 COVER FEATURE
Ukraine's 'Untouchables' are battered but unbowed
CENTRAL EUROPE
30 Polish president signs divisive “Holocaust bill”
32 Visegrad countries united in rejecting two-speed Europe concept and migration quotas
33 Social Democrats give Babis hope of becoming Czech PM
SOUTHEAST EUROPE
36 European Commission unveils Western Balkans enlargement strategy
37 Poor infrastructure holds back economic growth in Western Balkans
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