About: oligarchs

Digital 18-01-2021

New player shakes up Bulgarian media landscape

United Group, a leading multi-play telecoms and media provider in South-East Europe, has bought a large chunk of the Bulgarian media, as its latest acquisition was cleared by the country’s anti-cartel body on Monday (18 January). 
Europe's East 11-01-2021

Billionaire Georgia party leader Bidzina Ivanishvili says quitting politics

The billionaire leader of Georgia's ruling party, Bidzina Ivanishvili, who is widely seen as the Western-backed country's most powerful man, announced Monday (11 January) he was quitting politics.
Central Asia 30-12-2020

Russian court sentences Kazakh kleptocrat to 15 years in prison

A Russian court sentenced on Tuesday (29 December) the former chairman of Kazakh BTA Bank's board of directors, Mukhtar Ablyazov, to 15 years in prison, Russian media reported. The story of Ablyazov, a fugitive for years, has been turned into a book as a striking example of the ability of post-Soviet kleptocrats to benefit from Western “hospitality”.
Eastern Europe 29-10-2020

Georgian opposition unite to oust billionaire’s ruling party

Georgians vote on Saturday (31 October) in tightly contested parliamentary elections pitting an unlikely union of opposition parties against the increasingly unpopular ruling party led by the country's richest man.
Digital 13-10-2020

Jourova promises action plan to protect independent journalism

The European Commission (EC) will present by the end of the year an action plan to protect independent journalism, Commission Vice President Věra Jourová announced on Monday (12 October) during the conference "Media Freedom in Bulgaria", organised by EURACTIV Bulgaria.
Global Europe 08-10-2020

France, Germany and UK seek Russia sanctions over Navalny poisoning

Germany, France and Britain on Wednesday (7 October) directly accused Russia of "involvement and responsibility" in the poisoning of Kremlin critic Alexei Navalny, announcing that they will seek EU sanctions over the case.
Europe's East 07-10-2020

EU, Ukraine hold live summit in Brussels to discuss trade ties, reforms and security

During the first live summit with international partners in Brussels following the outbreak of the pandemic on the continent, the EU and Ukraine leaders met on Tueasday (6 October) to take stock of cooperation amid what critics say is a...
Global Europe 07-10-2020

Navalny demands EU crackdown on oligarchs close to Kremlin

Kremlin critic Alexei Navalny called on the European Union to take tough action against oligarchs close to the Kremlin as he continues his recovery in Germany after being poisoned by a nerve agent in the banned Novichok family.
Politics 26-08-2020

Hungary foreign minister: vacation on tycoon’s yacht is ‘my private life’

Hungarian Foreign Minister Péter Szijjártó rejected allegations of corruption and calls for his resignation on Tuesday, speaking to the media for the first time after he was photographed aboard the yacht of a government-friendly tycoon more than a week ago.
Europe's East 07-08-2020

Zelenskiy’s oligarch friend accused by US of stealing, laundering billions

The Justice Department of the United States accused on Tuesday (6 August) Ihor Kolomoysky, an oligarch considered close to Ukrainian President Volodymyr Zelenskiy, of stealing billions from a bank he owned, and of laundering this money over the world.

Borissov fends off ‘kompromats’, says will sleep with a gun

Bulgarian Prime Minister Boyko Borissov called an extraordinary meeting of his GERB party (EPP-affiliated) on Wednesday (17 June) to refute a leaked recording and photos suggesting heavy-handed brinkmanship and corruption.
Economy & Jobs 13-05-2020

EPP proposes law to protect small farmers against oligarchs

The European People's Party group called on Wednesday (13 May) for an EU law to prevent oligarchs and land-grabbers drawing on EU subsidies at the expense of small and medium-sized farming businesses. The practice is widespread in countries in Eastern Europe and Italy.
Europe's East 27-02-2020

Zelenskiy signals government reshuffle as experts warn against reform backpedal

Ukrainian President Volodymyr Zelenskiy signaled a potential reshuffle of his government on Wednesday (26 February) that local media said could include axing Prime Minister Oleksiy Honcharuk in favor of businessman and veteran politician Serhiy Tihipko.
Europe's East 24-02-2020

Poroshenko fights selective justice ‘at the orders of Zelenskiy’

Former Ukrainian President Petro Poroshenko is fighting a court decision to have him brought in by force for questioning by the State Bureau of Investigations (SBI). Poroshenko's lawyers and his party said this latest development illustrates what the West calls “selective justice” in Ukraine.
Europe's East 20-11-2019

Ukraine to change law on bank insolvency in bid for IMF loans

Ukraine is finalising changes to legislation on bank insolvency in consultation with the International Monetary Fund as part of efforts by Kyiv to secure a new loan programme, a senior state official told Reuters.
Freedom of thought 29-10-2019

Media-shy Czech mogul buys TV empire spanning five EU countries

The PPF investment group owned by Petr Kellner, who keeps a low profile despite being the Czech Republic's wealthiest man, said Monday (28 October) it had sealed a deal for the CME media group running 30 TV stations in five Central European states.
Europe's East 16-10-2019

Ukrainian oligarch linked to Zelenskiy suffers blow in London court

Ukraine’s new President Volodymyr Zelenskiy hardly expected to become a protagonist in a possible impeachment of his US colleague Donald Trump. On top of that, his name has now also appeared in the press in relation to a London court case of possible financial malpractice involving billions of dollars. 
Europe's East 25-06-2019

Thousands in Tbilisi demand Georgia’s de-oligarchisation

Thousands of anti-government protesters rallied on Monday (24 June) in the Georgian capital for the fifth consecutive day as the increasingly unpopular ruling party's promise of sweeping reforms failed to appease mass demonstrations.
Europe's East 24-06-2019

Georgian protesters slam ‘Putinism’, raise pressure on ruling oligarch

Several thousand anti-government protesters took to the streets of the Georgian capital Tbilisi for a fourth day on Sunday (24 June) as tensions rose between Moscow and its ex-Soviet neighbour.
Europe's East 27-02-2019

Comedian takes centre stage in Ukraine’s presidential race

In a popular Ukrainian TV series, comedian Volodymyr Zelenskiy plays a president who is scrupulously honest and outwits crooked lawmakers and shadowy businessmen who try to stand in his way.
Energy 19-07-2018

EU and Ukraine in tug of war over Naftogaz unbundling

The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission from production and supply, which the country had agreed to as a condition for receiving massive Western financing.

Cyprus to cap its ‘golden visa’ program

Stung by criticism it has been selling European Union passports for cash, Cyprus has tightened vetting procedures in a scheme that grants Cypriot citizenship to investors, the finance minister said yesterday (22 May).
Global Europe 09-04-2018

Gazprom CEO Miller says proud of inclusion on US sanctions list

The CEO of Russia's Gazprom , Alexei Miller, said on Friday (6 April) he was proud of having been included on a new US sanctions list and that the company's policies were right.
Global Europe 29-09-2017

Russian oligarchs create political party in Cyprus

Russian oligarchs who have acquired Cypriot citizenship have created a new political party in Cyprus, which supports further UN talks on the future of the divided island and aims to take part in the next European elections in 2019.