The otherwise monotonous Baltic banking sector has recently seen some tremors with two Nordic banks Nordea and DNB merging into one business, Luminor, a new bank. There are also strong rumours regarding the possible arrival of a Polish bank, PKO, in Lithuania, the largest Baltic state.
By September 2018, Poland will no longer be ranked by FTSE Russell as an Emerging Market (FTSE Emerging All Cap), but as a Developed Market (FTSE Developed All Cap Ex-US). This will place the country together with 24 other nations including Germany, France, Japan and Australia. Poland is the first Central and Eastern European economy to be upgraded to Developed Market status. Continue reading Poland to Switch from Emerging to Developed Market by September 2018
The boss of Georgia’s National Bank, Koba Gvenetadze, is in reassuring, even bullish mood, as he speaks to Andrew Wrobel, suggesting that the economic future is bright for a country which has managed to absorb many a regional shock. Continue reading Bank on Georgia
The Sarajevo Stock Exchange (SASE) became an active member of the SEE Link network, enabling trading on the respective market. The SASE is the fourth stock exchange that has actively joined SEE Link after three founding stock exchanges and the seventh stock exchange in a row. Continue reading Sarajevo Stock Exchange Connected to SEE Link
On 30 June 2017, BET, the main index at the Bucharest Stock Exchange (BVB), closed at 7,855 points, thus reaching 18.87 per cent growth in the first half of the year. At the same time, the average daily value of transactions increased by more than 30 per cent to €9.68 million and market capitalisation of all companies listed exceeded €37 billion. Continue reading Romanian Upgrade to Emerging Market is on the Cards
Romania will be the hot corporate story of the next decade in Europe, says Panagiotis Diamadis, CEO of IEBA TRUST, a licensed brokerage company in the Bucharest Stock Exchange. He spoke to Andrew Wrobel about what can foster future growth in the Romanian capital market. Continue reading Romania Will Be a Hot Topic in Europe
The Romanian banking system is undoubtedly the banking system with the highest liquidity level in the European Union because of its 40 per cent immediate liquidity, which at present features advanced structural stability and one of the best capitalised systems. Continue reading Romanian Banks Must Use Lessons Learned
We want the story of Romania to be the story of a dynamic, vibrant and innovative country, says Matteo Patrone, Director for Romania and Regional Head Romania and Bulgaria at the European Bank for Reconstruction and Development (EBRD). He spoke to Andrew Wrobel about the country’s greatest challenges. Continue reading The Goal for Romania — the Positives Outweigh the Negatives
There is no discussion about innovation in the European banking sector without acknowledging the achievements of Polish banks in the area, Wojciech Sobieraj, CEO at Alior Bank, tells Emerging Europe.
There are high expectations of recovery in global economic growth, Dr Platon Monokroussos, Deputy General Manager at Eurobank Ergasias and the Group Chief Economist, tells Emerging Europe.
Italian UniCredit wants to acquire 2.6 million net new clients in the region, says Carlo Vivaldi, Head of CEE Devision, UniCredit, tells Emerging Europe.
(photo: courtesy of UniCredit Slovakia)
In the first quarter of 2017, the value of transactions on the regulated market of the Bucharest Stock Exchange (BVB) climbed to a six-year high and reached €530 million while the number of transactions and traded volumes climbed to a seven-year high. Ludwik Sobolewski, CEO of the BVB, spoke to Andrew Wrobel, about the effects that could positively influence the country once it gains emerging market status, and the increased interest shown by private companies to be listed on the stock exchange.