Central & Eastern Europe

ANNUAL REPORT / STARS OF THE NEW RUSSIA   Making the most of their newfound spending power, Russia’s consumers are boosting the fortunes of the country’s banks and corporations.   With Russia’s economy fueled by petrodollars, Russian consumers are on ...

CENTRAL & EASTERN EUROPE Despite continuing political upheaval, many countries in Central and Eastern Europe are more concerned about reining in their buoyant economies than surviving the global economic downturn.     Although the politics in Warsaw may be "noisy," ...

ANALYSIS Deft maneuvering is helping Russia’s banks dodge the fallout from the credit crunch, but significant risks remain—particularly for smaller banks and their customers.     While the crises at UK mortgage lender Northern Rock and US investment bank Bear ...

RUSSIA     Putin: He may find it hard to play second fiddle. With relations between Russia and the West at post-Cold War lows, US president George Bush met with Russian president Vladimir Putin in early April in Sochi, Russia, ...

SPONSORED ROUNDTABLE   At a roundtable in Istanbul, Global Finance brought together Turkey’s central banker and other leading figures to discuss the prospects for the country’s economy.   GLOBAL FINANCE: The Turkish government seems to be redoubling its efforts to ...

Russia     Russia's president-elect Dmitry Medvedev with his mentor, Vladimir Putin. As expected, Dmitry Medvedev won the Russian presidential elections on March 2, with 70% of the vote. Medvedev was a shoo-in by dint of enjoying the explicit support ...

RUSSIA     Khodorkovsky: The jailed former head of Yukos is back in the news. The Russian presidential campaign kicked off in mid-January, with Dmitry Medvedev—who is virtually guaranteed victory in the early March poll thanks to the support of ...

RUSSIA/IRAQ     Talabani: Russia's decision is a historic turning point. Russia agreed in February to write off $12 billion of Iraqi debt in an apparent effort to help Russian companies including Lukoil to win contracts in Iraq. The debt ...

COUNTRY REPORT / RUSSIA Having hand picked his successor as Russian president, Vladimir Putin has assured the country there will be a smooth transition of power. How much power he will retain remains in question.   Oil has filled Russia's ...

Russia       Putin: Maintains a tight grip on Russian politics.       After months of uncertainty, the Russian political landscape began to take shape in December. After being anointed by president Vladimir Putin as his successor early ...

RUSSIA       Putin: Backing his friend Dmitry Medvedev's election bid. As widely anticipated, Russian president Vladimir Putin’s United Russia party won the country’s parliamentary elections on December 2, with 63% of the vote. In the weeks running up ...

RUSSIA Russia’s greatest strength could also turn out to be its biggest weakness.   Skyscrapers go up as some of Russia’s surplus is invested in infrastructure projects Oil has been kind to Russia. In the past few years, as world ...

RUSSIA     Strife on the borders: Georgia’s president called for early elections and accused Russia of stirring up unrest. Afew weeks after Russian president Vladimir Putin announced that he would lead the ticket for the country’s dominant political party, ...

RUSSIA     Putin’s deft maneuvering will almost certainly see him retaining power In the second political bombshell in three weeks—following the surprise mid-September appointment of the obscure Victor Zubkov to replace prime minister Mikhail Fradkov—Russian president Vladimir Putin in ...

EUROPE     Europe's payments landscape is set to change dramatically with market reforms. Banks and companies in other parts of the world are watching with interest as the deadline for radical transformation of the UK and Europe’s cross-border payments ...

RUSSIA     Zubkov: Putin's surprise favorite to take over as prime minister. In a long-overdue cabinet shuffle, Russian prime minister Mikhail Fradkov submitted his resignation on September 12. Hours later president Vladimir Putin nominated the relatively unknown head of ...

DR NEWS Russia’s national power utility OAO Unified Energy System has completed the spin-off of two power-generation units, OGK-5 and TGK-5, completing the first part of the government’s plan to break up the company. UES, the former power monopoly, also ...

EUROPE       Desmares: Corporates cool on SEPA. Businesses and public sector organizations operating in Europe have until 2010 to abandon existing national payment instruments and adopt new pan-European credit transfer and direct debits. At least that is the ...

EUROPE     Trichet: Questions investors' reliance on credit ratings. The subprime mortgage crisis in the US has forced the president of the European Central Bank (ECB) to speak out about the new sources of risk being created by the ...

EU ACCESSION HOPEFULS Preparing their economies for entry to the European Union is yielding dramatic results for accession candidates and providing inspiration for those that aspire to follow them.   Kiev: Banking market set for sharp growth. While EU accession ...