The strength of Islamists in the ruling AKP lay behind the Turkish legislature’s refusal to bend to US military strategy. The consequences may be dire for the Turkish economy and terminal for the AKP government.

The removal of old-guard managers from Egypt's state banks, proposals to clean up NPLs and new capital rules are shaping up the banks for a sell-off.

Pfandbrief issuers are increasingly abandoning jumbos in favour of more traditional smaller issues taken to market as strategic need demands.

The spectre of a return to Balkan-style politics has raised its ugly head again and threatens to undermine Croatia's recent politico-economic renaissance. Has the country the wherewithal to keep its EU dream alive?

Is Kenneth Rogoff making an about-turn? The IMF research head's latest paper seems to back the views of fund critics.

The hope is that the EBRD’s annual meeting in Tashkent in May will give a much-needed lift to Uzbekistan’s ailing economy. But relations with multilaterals have never been worse, and the country’s human rights record raises questions about why the meeting is taking place there at all.

Gazprom’s recent Eurobond was something of a sovereign surrogate but investors and analysts worry that the money raised won’t do much to hasten the company’s reconstruction.

President Nursultan Nazarbayev wants Kazakhstan to become a regional capital markets hub for central Asia. But as Guy Norton reports from Almaty, attracting sufficient investor demand will not necessarily be easy.

Grigori Marchenko, governor of the National Bank of Kazakhstan, talks to Euromoney’s Guy Norton about how the Kazakh banking sector became a model for its neighbours and his plans for the future.

While many who invested in the collateralized debt obligations market in the 1990s are bailing out after heavy losses, new players with a less emotional approach are enjoying some attractive gains.

Norway

Investment Banking

After leaving Deutsche Bank, Simon Adamson, previously co-head of European credit research at the bank, joined the London office of independent fixed-income research firm CreditSights on April 1. The New York-based company has more than doubled in size to boast a research team of 17 senior analysts since it was founded in November 2000 by Glenn Reynolds, former head of global corporate bond research at Deutsche Bank. Although CreditSights has a couple of independent competitors in the US, it is the first independent to set up in Europe. Adamson joins Anja King and Nesche Yazgan who started at CreditSights last November, to make a three-strong London team which is becoming something of an enclave of former Deutsche bankers. King was co-head of European high-grade credit research along with Adamson and Yazgan covered investment-grade automotives and transportation and telecoms equipment. Of the 17 senior analysts at CreditSights before Adamson's arrival, eight joined from Deutsche.

Issuer: Allianz Size: e3.5 billion to e4 billion Bookrunners: Citigroup, Deutsche Bank, Goldman Sachs, UBS Warburg

Russia’s largest and smallest companies are vastly outstripping in growth the relics of the Soviet system that languish in the middle but employ most of the working population.

President, Bank of America, Asia

Things are so tough in investment banking that major institutions are prepared to let award-winning credit analysts decamp to the buy side. Among them are some high-fliers in Euromoney's latest annual credit research poll. Kathryn Tully reports.

Hungarian privatization has helped place the economy among the best emerging-market performers of the 1990s. However, questions about the transparency of deals reappeared this year.

CEO, Coller Capital

With falling GDP per capita and minuscule foreign direct investment, things could be going better in Uzbekistan. One positive development, though, is the corporate bond market.