bne_newspaper_November_23_2018

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Content:
2 Top Stories
6 The Regions This Week 10 Chart
12 Central Europe
15 Southeast Europe
18 Eastern Europe 20 Eurasia
22 Opinion
24 Lists24 Lists
November 23, 2018 www.intellinews.com
Poland’s PiS backtracks on reforms that created rift with Brussels
Wojciech Kosc in Warsaw
Poland’s ruling Law and Justice (PiS) party passed an amendment to the law on the Supreme Court on November 21 that effectively cancelled a key element of the reform of the judiciary that had the European Commission sue Warsaw in the EU’s top court.
The passing of the legislation appears to be a
Number of Russian banks falls below 500 as sector clean-up enters its end game
Ben Aris in Berlin
The number of banks in Russia has fallen below 500 for the first time since the 1990s, as the Cen- tral Bank of Russia (CBR) campaign to clean up the sector moves into its end game.
Since taking over in 2013 CBR governor Elvira Nabiullina has steadily closed about 100 banks a year. Altogether the central bank has revoked
major defeat for PiS. Reforming the Supreme Court was a key plank in the party’s plan to overhaul the judiciary, which PiS said needed cleansing of communist-era judges as well as curbing corporatism and making courts more efficient.
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The number of Russian banks fell to below 500 in November for the first time since the 1990s.
licences from more than 400 banks and sanitised more than 30 credit organisations, according to Nabiullina. Those sanitised include three “very large banking groups,” Nabiullina said at the Congress of Financiers of Kazakhstan.
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