By bne IntelliNews Slovenia-based multinational company Dewesoft announced its plans last week to build a new hi-tech park in the central Slovenian town of Trbovlje, a former mining and industrial centre. The City of Acrobats technology park will be a …
Ukrainian secret service detains Motor Sich president over Russian collaboration accusations
By Dominic Culverwell in Berlin Ukraine’s secret service (SBU) has detained the head of Motor Sich, the major aircraft engine manufacturer, over allegations of Russian cooperation, the Kyiv Independent reported on October 23. According to the SBU, Viac…
Chicken change: Russian poultry industry hit by sanctions
The Russian poultry industry will be hit hard by the sanctions for the military invasion of Ukraine, with little alternative sources to imported feed additives, egg-hatching equipment, packaging and labels, according to the market analysis of Poultry W…
Hungary’s Viktor Orban flees Budapest’s huge anti-government protest
By bne IntelliNews Tens of thousands of protestors gathered in central Budapest for the largest anti-government demonstrations in years demanding better working conditions and higher wages for teachers on October 23, marking the 66th anniversary of the…
Kazakhstan profits from global sunflower shortage
By Joanna Lillis for Eurasianet Kazakhstan has long relied on black gold, or petroleum, to keep revenues flowing into its coffers, but now it is experiencing a mini yellow gold rush. Production and exports of sunflower oil have skyrocketed in Kazakhsta…
Putin puts Russia into economic martial law, makes cabinet war HQs
While Vladimir Putin has imposed martial law in the four occupied Ukrainian regions, his latest decree has also introduced a legal base for an effective economic martial law for all of Russia with the establishment of the Coordination Council headed by…
IMF increases global inflation outlook in 2022 to 9.9%
The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 9.9% on average over the c…
Viktor Orban flees Budapest on national holiday as anti-government protestors hold huge protest in solidarity with teachers
By bne IntelliNews Tens of thousands of protestors gathered in central Budapest for the largest anti-government demonstrations in years demanding better working conditions and higher wages for teachers on October 23, marking the 66th anniversary of the…
Moldova faces power blackouts after Transnistria halves electricity supplies
By Iulian Ernst in Bucharest The MoldGRES power plant in Moldova’s separatist Transnistria region halved its production and supply as of October 24, after the separatist authorities declared a state of emergency citing the 30% reduction in the volume o…
Turkey’s opposition ‘twiddles thumbs’ as country ‘rapidly declines as a functioning state’
By bne IntelIiNews Turkey’s political opposition is “sitting around and twiddling its thumbs”, even though the country is “rapidly declining as a functioning state”. So contends Foundation for Defense of Democracies (FDD) analyst Sinan Ciddi, who asks …