Central & Eastern Europe

NEWSMAKERS: EUROPE   By Justin Keay   Piebalgs: Pressing Europeans to give more Spare a thought for Andris Piebalgs, the EU's development commissioner. At a time when politicians across Europe are telling people to tighten their belts during the toughest ...

EMERGING MARKET INVESTOR: NEWS   By Gordon Platt   Faced with a widening budget deficit in the wake of its economic stimulus program, Russia is rolling out the red carpet to foreign investors with a $39 billion privatization program. The ...

MILESTONES: UNITED STATES/CHINA   By Gordon Platt   Tired: Trade spat rolls on The fallout from the World Trade Organization's ruling last month that the US was within its rights in imposing import tariffs of up to 35% on Chinese ...

ROUNDUP: RUSSIA   By Kim Iskyan   World Cup fever in Russia Global football organization FIFA awarded Russia the right to host the World Cup tournament in 2018, triggering jubilation throughout the country. The Russian government estimated that building 13 ...

UPDATE: SEPA   By Anita Hawser   Proponents of the Single Euro Payments Area are considering stringent measures to encourage companies to hop on board.   As eurozone countries busy themselves implementing liquidity measures designed to calm market fears about ...

Global Finance ranks the 10 Biggest Banks in Central & Eastern Europe NEW YORK, December 6, 2010 — As the world’s key emerging markets continue to drive the global economy out of recession, Global Finance unveils its third annual Global ...

COVER STORY: HARD TIMES   By Justin Keay   A sustainable recovery remains as elusive as ever for many of the countries of Central and Eastern Europe.   Before the fall of the Berlin Wall and the demise of the ...

ROUNDUP   By Kim Iskyan   Moscow's mayor: Sobyanin Sergei Sobyanin, the former chief of staff of prime minister Vladimir Putin, was named mayor of Moscow late in October. He succeeds Yuri Luzhkov, who was ousted in September after an ...

NEWSMAKERS: RUSSIA   By Kim Iskyan   Khodorkovsky: Sentence likely to be extended After months of wrangling, the verdict on the second trial of Mikhail Khodorkovsky, the former head of Russia's Yukos Oil Company, is due in mid-December. The ex-tycoon ...

WINNERS: EUROPE   Best Commodity Derivatives Provider Morgan Stanley Despite attempts by competitors to nibble at its market share when commodities prices were soaring in 2009, Morgan Stanley has maintained its dominant position in commodities derivatives in Europe thanks to ...

INTERVIEW — DURMUS YILMAZ   Turkey's central bank governor talks to Anita Hawser about inflation, Europe and how his country managed to weather the recent global crisis so well.   The Central Bank of Turkey has a long history of ...

ROUNDUP   By  Kim Iskyan   Hard line: Russian president Medvedev asserts his power Following an exceptionally bitter and increasingly dirty public struggle with the Kremlin, Moscow mayor Yuri Luzhkov was fired in late September, after 18 years in office. ...

  EMERGING MARKET INVESTORS: DR NEWS   By Gordon Platt Rusal, the world's largest producer of aluminum, plans to create a Russian depositary receipt (RDR) program on the Micex Stock Exchange and the Russian Trading System by the end of ...

NEWSMAKERS: COSTA RICA   By Dan Keeler   With the ink still wet on a Moody's rating upgrade from Ba1 to Baa3 investment grade, Costa Rica has revealed it is considering a bond issue in the near future. José Rossi, ...

Roundup   By Kim Iskyan   Friendly neighbor: Russia’s influence in Ukraine will grow after Viktor Yanukovych won the recent presidential election Russia's finance ministry hired a team of investment banks to help it prepare for the country's first eurobond ...

STAYING THE COURSE   By Gordon Platt   Turkey has bounced back from a sharp economic contraction to become one of the region’s best performers. Its prospects are brighter than ever.   Turkey's constitutional referendum last month gave a boost ...

EM REGIONAL BANKING FOCUS: CENTRAL & EASTERN EUROPE   By Jonathan Gregson   Hit hard during the financial crisis, Central and Eastern Europe's banking sector is still fragile and vulnerable to external shocks.     During the boom times of ...

POST-CRISIS MANAGEMENT   The European Bank for Reconstruction and Development has found new relevance—and a key role—in the aftermath of the financial crisis.   By Justin Keay   Aside maybe from Goldman Sachs and J.P. Morgan, few banks have emerged ...

ROUNDUP   By Kim Iskyan   Inflation has in recent weeks climbed rapidly up the macroeconomic agenda in Russia, as the summer's wildfires and drought throughout the country decimated grain crops and triggered sharp price hikes. Inflation has long been ...

ROUNDUP   By Kim Iskyan   Smoke signal: Moscow suffers as wildfires rage In response to a severe drought that could destroy as much as a third of Russia’s grain harvest, and following a spike in grain prices in July, ...