Royal Bank Of Scotland plans to vastly scale back its Transaction Services business. It is a further sign of the challenging times faced by global transaction banks.
Central & Eastern Europe
Newsmakers | Greece
Following political party Syriza’s triumph in the recent Greek elections, Finance minister Yanis Varoufakis, faces the most critical match of his career.
Capital Markets | Corporate Debt
As Russian companies strive to cope with higher borrowing costs and a shortage of dollars and euros to repay foreign debt, emerging markets bonds are coming under increasing scrutiny by investors.
Newsmakers | Croatia
Despite the ceremonial nature of the Croatian presidency, Grabar-Kitaroviċ has denounced the government for “cold-hearted” economic policies and says Croatia’s economy is a national disgrace.
Q&A | Supply Chain Finance
Tomáš Hron, head of global transaction banking, UniCredit Bank, Czech Republic and Slovakia, on the limits of digitization in trade and the supply chain.
Milestones | European Union
Regulators had Web giants like Google and Apple in their sites when they framed a new value-added tax (VAT) regulation for businesses selling digital products into the European Union
Milestones | Norway
With prices less than half the level of a year ago, Norway has been hit hard by the slump in crude revenues.
Milestones | Russia
During economic crises, Russia’s banking sector has tended to make a bad situation worse; The current crisis appears to be no different.
Global Finance sat down with Murat Doğan Erden, Turkcell Group’s chief financial officer, to discuss the economic and business outlook for Turkey and the challenges confronting Turkish corporates.
Lithuania | Milestones
On January 1, Lithuania abandoned the litas, becoming the 19th member of the eurozone and joining Baltic peers Estonia and Latvia in the economic and monetary union.
The global financial crisis and several factors peculiar to Georgia have affected foreign direct investment inflows, but investors willing to deal with tensions and risks will find opportunities.
Poland | Country Report
Although still outperforming most of its neighbors, Poland needs to reinvent itself if it wishes to sustain long-term growth.
Romania | Newsmakers
Iohannis defeated prime minister and Social Democrat leader Victor Ponta, taking 54.5% of the vote against 45.5%. So who is Iohannis?
Central & Eastern Europe | Emerging Markets Regional Review
Central and Eastern Europe has come a long way in the past 25 years, but the region must overcome some significant obstacles in 2015—particularly as Russia’s conflict with Ukraine continues.
Frontier Markets Focus | Romania
Romania aggressively pursues foreign direct investment by providing a number of incentive programs. But international investors should approach each one carefully.
View From The Top
Global Finance speaks to leading executives at the World’s Safest Banks.
Europe’s bond market grew 50% faster than the global rate during the first nine months of the year—by 4.6% year-on-year—but small foreign rating agencies jockeying for a piece of the action are crying foul.