2019

The Levant At A Crossroads

The Levant At A Crossroads

Levantine banks operate in fragile economies in a region facing severe upheaval. Some are finding a way through the chaos better than others.

Erdogan Backlash Emboldens Pro-West Politicians

Erdogan Backlash Emboldens Pro-West Politicians

September saw a further weakening in the governing AKP party’s once-unassailable hold on power in Turkey, with respected former Deputy Prime Minister Ali Babacan announcing he will establish a new pro-business, pro-West party, citing “deep differences” with the AKP, or ...

Turkey: Ripe For Reform?

Turkey: Ripe For Reform?

Postelection, Turkey needs to take tangible measures to restore economic stability and government credibility and strengthen domestic capital markets.

Balkan Spring

Balkan Spring

Even with investor and public worries about corruption, the dynamic Balkan economies offer opportunities with the promise of EU membership.

Poland's Secret Sauce

Poland's Secret Sauce

Flexibility, consistent economic policies and strong regulation are some of the ingredients behind Poland’s ongoing expansion—which analysts say is likely to continue.

2018

Talking Up The Turkish Economy

An unexpected uptick in economic growth, a failed military coup and geopolitical tensions haven’t kept Turkey down. And the country’s president, Recep Tayyip Erdoğan, looks set to strengthen his hold on power with snap elections called for June.

2017

The Levant: Sun Shines Through Clouds

Defined loosely as the region spreading from Israel, Lebanon, Jordan and Syria in the northeast, and including Egypt in the southwest, with Cyprus off the shore, the Levant sees many points of light despite the current gloomy outlook.

Uzbekistan Comes In From The Cold

Since becoming president in December, Shavkat Mirziyoyev has embraced the West, the IMF and the EBRD normalizing relations with the country after a 10-year freeze.

Cyprus Rising

Cyprus is emphasizing sustainable growth and addressing problems such as high unemployment and nonperforming loans.

Turkey’s Way Forward

With the presidential referendum finally over, Turkish business wants to see its government get back to probusiness reforms.

The Caucasus: Signs Of Spring?

Last year, after a difficult 2015, it seemed that just about everything that could go wrong for the South Caucasus actually did. In April, simmering tensions between Azerbaijan and Armenia over the contested region of Armenian-occupied Nagorno-Karabakh exploded into renewed ...

Tough Times For The Brexit Queen

Ever since Theresa May became Britain’s prime minister in the wake of last year’s fateful EU referendum, she has sought to define herself—and her government—as something more than just the executors of the “people’s will” in carrying out Brexit.

Protests In Bucharest Curb Election Winners

Even by the Balkans’ standards, the honeymoon accorded Romania’s new Social Democratic Party (PSD) government was brief after the party’s victory in the December 11 elections.

Romania: New Govt Seeks To Spark Growth

Romania’s voters gave an overwhelming endorsement to the Social Democratic Party (PSD) in the December 11 parliamentary elections. Now the challenge is to spur growth while keeping a lid on corruption. 

2016