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Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
Global news and insight for corporate financial professionals
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
In 2021, the world’s companies will back off bond buying in favor of paying down debt and making strategic acquisitions.
For many trade finance banks that still relied on legacy systems and paper-based processes, the Covid crisis put them on a forced march into the future.
Household saving is defined as the difference between a household’s disposable income and its expenditures on goods and services. During the pandemic it rose to historical highs everywhere.
On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ...
These banks provided financial support and more—for their employees, their clients and their countries.
Pro-EU former Prime Minister Maia Sandu beat pro-Russia incumbent Igor Dodon with 58% of the vote.
Can Turkey's new economic team bring stability to policymaking?
Baku is rolling out ambitious plans for economic expansion and reform. But first, there are worsening regional tensions and currency woes to grapple with. And Covid.
Turkish aspirations to become an energy exporter may clash with a Greek-led coalition of states.
Emerging and developing economies will likely be hardest hit by Covid-19. Rebuilding will require addressing preexisting conditions as well as the new ones.
Divided Poland narrowly re-elects the Law and Justice party president.
Europe's most illiberal democracy may no longer be a democracy.
Following a period of heady growth, the region’s economies are expected to slow in the face of the eurozone slump, lower EU investment, and coronavirus.
What does the next decade have in store for Turkey?
Conflicts persist, but analysts see economic reforms continuing and democracy taking hold in a crossroads region.
A surprise win in the EU's newest member state.
Non-performing loans are a threat to Turkey's economic health.
Despite political unrest, and criticism from trading partners, Turkey continues to draw foreign direct investment. Can FDI help it return to economic expansion?
Levantine banks operate in fragile economies in a region facing severe upheaval. Some are finding a way through the chaos better than others.
Egypt and Lebanon may have very different economies but they have one thing in common: the importance of their central banks.
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 ...
Armenia’s popular new government is undertaking an ambitious economic overhaul. The early reviews are good.
Election re-run results in blow to Turkey's ruling AKP.
Postelection, Turkey needs to take tangible measures to restore economic stability and government credibility and strengthen domestic capital markets.
Absence of election turmoil opens opportunity for economic reforms.
Slovakia bucks the global trend towards nationalism.
Greece's economy has improved markedly from the dark days of 2009.
Even with investor and public worries about corruption, the dynamic Balkan economies offer opportunities with the promise of EU membership.
Broadly positive developments last year suggest reform and economic development could take deeper root in 2019.
Greece makes a deal with its neighbor to change the country's name to North Macedonia.
Flexibility, consistent economic policies and strong regulation are some of the ingredients behind Poland’s ongoing expansion—which analysts say is likely to continue.
Theresa May struggles to hold her government together as next year's Brexit deadline looms.
After a difficult summer, Turkey’s currency and economy show new signs of strength, restoring consumer and investor confidence.
The Turkish economy's wild ride is finally calming down.
In the aftermath of revolution and civil war, the storied trading region seeks to convince investors it’s time to come back.
While political turmoil rages, Turkey’s financial sector keeps innovating, bucking conventional wisdom and keeping the wheels of commerce moving.
Erdoğan's political future is secure, Turkey's economic outlook is not.
Turkey's banks have had a good run but rising debts remain a worry.
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.
Romania has a troublesome reputation but robust growth, and is working to raise its game through the tech industry and improvements to the business environment.
With popular elected leaders and strong growth in their economies, the sometimes-feisty CEE nations are standing tall—and keeping an eye on corruption and labor costs.
Slovakia's new prime minister Peter Pellegrini is struggling the escape the shadow of his predecessor who was forced to resign after the murder of a journalist investigating corrupt politicians.
New resource-extraction operations, Russia’s economic recovery and Asian investment are lifting prospects across the Caucasus.
As the Mediterranean island nation's economy has stabilized, so too have its banks.
The failure of UN negotiations aside, 2017 was a positive year of consolidation and growth for the Cypriot economy.
Czech PM Babiš is an outspoken billionaire while the Polish PM, Morawiecki, is more of a technician, who negotiated Poland’s accession to EU before going on to chair Bank Zachodni WBK, part of the Santander Group.
Turkey’s geographic and economic position in the middle—between East and West, developing and developed—has made it a hub for multinationals.
They are expected to grow by an average 3.3% this year, 0.9% higher than May’s forecast and a big improvement over last year’s 1.9% growth.
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.
The country's economy has proven remarkably resilient after a series of crises rocked the country.
Turkey’s banking authority BDDK said total banking assets had increased 7.3% since the end of 2016, reaching a total of $826 billion.
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.
What must be done to revive the CEE region’s competitive edge in high-tech innovation?
Uncertainty about the UK's plan to leave the European Union is making Britain's business community nervous.