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Southeast Europe
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Impeachable credentials
Nicholas Watson in Sofia
Mon, 15th Mar --
The offices of the Bulgarian prime minister may be just across the road from those of the president in Sofia, but a metaphorical chasm has opened up between the two institutions as the ruling GERB party insists it will press on with a plan to impeach President Georgi Parvanov.
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BLACK SEA BLOG: IMF money alone won't be enough for Romania
Bogdan Preda in Bucharest
Thu, 11th Mar --
It all looks pretty positive in comparison to Greece: Romania got another two instalments totalling €2.3bn from the IMF at the end of February, pushing the central bank's reserves to an all-time high of almost €30bn. But IMF cash won't be the miracle cure to pull the country out of the crisis.
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Restraining Serbia's eastern expectations
Ian Bancroft in Belgrade
Mon, 15th Mar --
Despite the heady optimism that accompanied Russian President Dmitry Medvedev's visit to Serbia last October during celebrations to mark the 65th anniversary of Belgrade's liberation by the Red Army, the six months since have been marked by a bout of wintery cold realism regarding Serbia's eastern prospects.
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Turkish delight as banks prosper
Nicholas Watson in Prague
Wed, 10th Mar --
Reports in March that 10 bidders are interested in buying a 21% stake in Turkish lender Garanti Bank confirms the huge interest that foreign investors have in the country's banking industry. And a look at the sector's latest financial results shows just why.
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CONFERENCE CALL: Shale gas and hot air
Matthew Day in Warsaw
Wed, 10th Mar --
Large parts of CEE appear to be sitting on one of the world's largest deposits of shale gas, and this has got the energy world excited. To quote one executive attending the "III CE Gas Summit 2010" in Warsaw in February: "It is a bit like discovering there's life on Mars."
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Albania looks to leverage 2009 growth to sell Eurobond
Clare Nuttall in Almaty
Tue, 9th Mar --
As one of only two European countries to actually grow in 2009, Albania's government regards now as a good time to issue its first-ever international bond. To maintain that strong growth, though, analysts warn Tirana needs to step up the reform process.
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FUNDS: Pharos Miro agric fund gives investors something to chew on
Guy Norton in London
Mon, 8th Mar --
Veteran Russian fund management group Pharos Financial and Dubai-based agribusiness specialist Miro Asset Management have teamed up to launch the Pharos Miro Agriculture Fund to tap into the evolving agricultural investment theme.
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Chinese takeouts in emerging Europe
Jiri Kominek in Prague
Fri, 5th Mar --
Czech tycoon Petr Kellner's PPF Group may be about to take its consumer lending business to China, but for the most part the investment is flowing in the other direction.
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COMMENT: The EU needs to act at home to counter Gazprom's power
Iana Dreyer of the European Centre for International Political Economy
Wed, 3rd Mar --
There is a clear link between most CEE gas markets still being monopolies and Europe's vulnerability to decisions by Gazprom to turn off the gas tap. A few antitrust cases in the new member states would go a long way toward remedying this.
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INTERVIEW: IMF's top CEE gunslinger back in town
Mike Collier in Riga
Wed, 3rd Mar --
The image of the grizzled cowboy coming reluctantly out of retirement for one last shoot-out in Dodge City may not immediately spring to mind when one meets the smiling countenance of the IMF's top trouble-shooter in CEE, but it is surprisingly apt.
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Romania's champions of energy
Graham Stack in Kyiv
Tue, 2nd Mar --
It has become fashionable in some parts of Europe to create national champions of energy that are big enough to stand up to powerful oil and gas suppliers (read: Russian ones), to invest the enormous sums needed in plants and infrastructure, and to expand abroad. Romania is now vying to join that crowd.
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FUNDS: Mid Europa sees steady improvement in private equity in 2010
Nicholas Watson in Prague
Tue, 2nd Mar --
A deal announced in December to buy out Invitel Holdings enabled emerging Europe-focused private equity house Mid Europa Partners to notch up two transactions in 2009 - a good performance during a time characterised by a lack of funding, wide gaps in valuations between buyers and sellers, and surprisingly few distressed deals.
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