Central & Eastern Europe

Roundup   By Antonio Guerrero   Growth drive: India’s auto sector is thriving The US government has committed $2.45 billion for Indian borrowers through the US Export-Import Bank’s India Infrastructure Facility. Funds will be used for medium- and long-term dollar ...

Roundup   By Kim Iskyan On a lighter note: Medvedev and Obama share a joke In its 2010-12 draft federal budget, announced in late July, the Russian government calls for spending cuts, on the back of sharply reduced revenue expectations. ...

News   Russian Retailers’ Stocks Selling At Steep Discount   As a big emerging market, Russia offers opportunities for growth in the consumer sector, analysts say. For investors willing to look beyond the major oil stocks, which already have risen ...

With bank stability still high on corporate and investor agendas, Global Finance magazine publishes in the October 2009 issue its annual list of the world’s safest banks.   Global Finance has published its world’s safest banks listing for 18 years. ...

THE WORLD'S BIGGEST BANKS 2008 Rank Name Country Fiscal Year Total Assets ($b) 1 Royal Bank of Scotland Group United Kingdom 12/2007 3,807 2 Deutsche Bank Germany 12/2007 2,974 3 BNP Paribas France 12/2007 2,494 4 Barclays United Kingdom 12/2007 ...

AFRICA REGIONAL WINNER Standard Chartered COUNTRY WINNER Algeria Arab Banking Corporation Algeria Angola BES Angola Botswana Standard Chartered Bank Botswana Cote d’Ivoire Ecobank Ethiopia NIB International Bank Gambia Trust Bank Ghana Ghana Commercial Bank Guinea International Commercial Bank Kenya Barlcays ...

NEW YORK, July 21, 2009 — Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in the Middle East and Africa. This is the 10th year Global Finance has named the World’s Best Internet ...

BANK CATEGORIES Domestic VTB Foreign Citi Regional UralSib Domestic Investment Troika Dialog Foreign Investment Credit Suisse Commercial Sberbank Consumer Raiffeisen Foreign Exchange VTB Domestic Trade Finance VTB International Trade Finance Deutsche Bank Asset Manager Troika Dialog Fixed Income Sales & ...

Roundup   By Kim Iskyan   Medvedev: Promoting Moscow as finance center Russia unexpectedly announced that it was abandoning its quest to join the World Trade Organization on its own in favor of applying to enter as a bloc with ...

  After a difficult year, Russia's fortunes look set to improve. The country is still too dependent on oil for its future prosperity, though.     By Nick Kochan   While analysts tend to compare Russia with the other BRIC ...

Amid expectations that the Russian economy had hit bottom, and despite a solid bounce in commodity prices since the beginning of the year, bad news continued to pile up.   By Kim Iskyan   Industrial production shrank by 17% in ...

The first meeting between US president Barack Obama and Russian president Dmitry Medvedev, at the Group of 20 summit in London in early April, appeared to lay the foundation for an improvement in relations, which had plunged to fresh post-Cold ...

  EUROPE IN CRISIS     Many of Europe’s former star economies are still struggling to find their feet after falling prey to the credit crunch. By Laurence Neville   Emerging Europe is on the edge of a precipice. Already ...

ON A KNIFE EDGE TURKEY   Turkey is well positioned to weather a global downturn, but it still faces some tough economic challenges.   Tansan: Ankara must hold out for the best possible terms from the IMF. There was a ...

RUNNING ON EMPTY Russia is facing some tough decisions as it adjusts to a far more challenging economic and political environment.         Just over a decade after Russia’s forced devaluation of the ruble and default on its ...

Sechin: Russia's deputy prime minister and Rosneft chairman. In a signal that the Russian government is increasingly aware of the financial constraints it is facing, a top Kremlin adviser said that the state would not be bailing out any more ...

Devaluation of the ruble is over, says Kudrin, Russia's finance minister.   The Kremlin rolled out a revised version of its economic crisis plan, extending additional credits to the beleaguered banking sector possibly at the expense of direct loans to ...

EUROPE     Cash is costly for Hammerson, developer of this UK cineplex With headlines dominated by bank bailouts totaling billions of dollars, it’s easy to get blasé about the scale of the challenge facing the global economy. Nevertheless, a ...

Sechin: Russia's deputy prime minister and Rosneft chairman In a signal that the Russian government is increasingly aware of the financial constraints it is facing, a top Kremlin adviser said that the state would not be bailing out any more ...

Banking crisis / central & eastern europe Central and Eastern Europe has suffered more than most regions as a result of the credit crunch. Some are concerned that economic turmoil may lead to social unrest.   Ukrainian prime minister, Yulia ...