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4 I Contents bne June 2018
Senior editorial board
Ben Aris (Berlin) editor-in-chief & publisher
Clare Nuttall (Bucharest) news editor
+49 17664016602 baris@bne.eu
+40 757369985 cnuttall@bne.eu
Eurasia & Southeastern Europe
William Conroy (Bucharest)
editor
Central Asia
Kanat Shaku (Almaty) bureau chief
Eastern Europe
Sergei Kuznetsov
(Kyiv, Minsk)
Subscriptions
Stephen Vanson
(London)
Advertising
Elena Arbuzova (Moscow) business development director (CIS)
Design
Olga Gusarova (London) art director
wconroy@intellinews.com
kshaku@intellinews.com
skuznetsov@bne.eu
+44 753 529 6546 svanson@intellinews.com
1220
14
+7 9160015510 earbuzova@bne.eu
+44 7738783240 ogusarova@bne.eu
6 THE MONTH THAT WAS COMPANIES & MARKETS
10 Latvian government mulls ban on doing business with shell companies
11 Tajiks going back for more after 2017’s successful bond debut
12 Hypermarkets in decline in Russia as Auchan moves upmarket
13 Macedonian PM expects €100mn investments into medical cannabis production
14 The advertising market in Russia and Ukraine continues to boom
15 Macedonia to revive stalled hydropower projects
16 S&P cuts overheating Turkey deeper into junk on risk of hard landing
16 SkyPower Global to invest $1.3bn in constructing Uzbek solar power plants
17 Saudi fund lines up 51% of troubled Tajik bank amid anti-Iran rhetoric
18 Czech 3D printer giant Prusa Research buys d omestic rival Futur3D
19 Fort Ross Ventures launches $200mn fund to help US startups enter Russian market
20 Turkish lira hammered again after Erdogan ‘unchained’ stakes claim to monetary role
22 Moldova’s top banks, insurers up for sale
23 Russia's Mail.ru acquires Bit.Games developer
COVER FEATURE
24 Erdogan raises a white flag in
the lira crisis
26 Turkey’s debt-fuelled dive
CENTRAL EUROPE
30 Poland opens proceedings against Gazprom’s "consortium" over Nord Stream 2
Cover illustration: Illarion Gordon
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