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  • Charge of the greenhorns
    Romania's government is pushing ahead with reforms to secure foreign borrowing, despite its limited experience of the capital market. By Laura Covill
    April 01, 1997
  • Open all hours
    The development of over-the-counter structured products has provided foreign investors with a way into Russia's bond and currency markets. Ted Kim reports on the instruments on offer to foreign institutions, not just in Russia, but in many of eastern Europe's markets
    April 01, 1997
  • Finance begins at home
    Domestic Russian government bills, GKOs, are already popular with investors. Now it looks as though Russian companies will coat-tail their government and issue in the local market. By Sophie Roëll
    April 01, 1997
  • Eastern Europe: The rush for funds
    April 01, 1997
  • The year of the bond
    Russia's debut in the Eurobond market last year was just the start. Expect deals this year from several large cities and a brace of top Russian corporates
    April 01, 1997
  • Turkey's hidden billions
    Turkey hopes official recognition of its $15 billion shadow economy ­ thriving on exports to goods-starved Russia ­ may help boost its low credit ratings. But ratings agencies say that doesn't solve the fiscal imbalance. By Metin Munir
    April 01, 1997
  • Now for a real privatization
    The privatization of Romania's banks has been repeatedly stalled over the past three years. Now the new government is taking the job seriously in order to get its World Bank credits back. But will it find any buyers?
    April 01, 1997
  • Passing the point of no return
    Don't be distracted by chaos in Albania, Bulgaria or Russia ­ there is no chance of a return to communism in eastern Europe. Nigel Dudley reports
    April 01, 1997
  • Azerbaijan
    April 01, 1997
  • Central Asian outlook
    April 01, 1997
  • Pressure on the system
    Improvements in infrastructure and a range of legislative controls are attracting foreign investors to Russia's equities market. But can the trading systems cope? By Brad Durham
    April 01, 1997
  • Rich man, poor man
    As Russia's two largest cities prepare to float their first Eurobonds, Moscow dominates the Russian business and financial landscape. But number two St Petersburg is trying harder. By Craig Mellow
    April 01, 1997
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