Emerging Europe
LATEST ARTICLES
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Russia’s capabilities have been stretched by the global financial crisis and an economic slowdown but its dominant position as a commodity exporter can still be a strength if the necessary reform and reconstruction measures are put in place. A panel of Russia analysts discusses the key issues.
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Turkey debate: In a crisis, Turkey emerges stable and more confident
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Raiffeisen International has continued to post healthy profits despite difficult economic in the central and eastern European countries in which it operates. Chief executive Herbert Stepic accepts that the financial world has changed but tells Euromoney he believes there is no need for draconian regulation.
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The country’s banking crisis of 2000/01 spurred the regulatory regime that has served it so well during today’s global turmoil. But can it continue on a path of sustainable, low-volatility growth? And are investors demanding too high a risk premium for a stable credit and solid banking system?
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Russia’s president is distancing himself from the financial corruption of the past few years and pushing through legislation to curb insider trading. Russia’s rehabilitation with outside investors should do wonders for the country’s cost of capital. Elliot Wilson reports.
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The local speculators who dominate trading in Turkey’s burgeoning equity derivatives market have had a roller-coaster ride over the past year. But the market’s popularity has continued to grow and it looks set to become even busier. Dominic O’Neill reports.
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How much longer can Turkish banks increase profits while the economy shrinks? The luck and skill of the industry have meant that defaulting borrowers have not yet caused a credit-quality crisis. But in Turkey, financial meltdown is often just around the corner. Dominic O’Neill reports from Istanbul.
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