The Ukrainian Banking Sector Looks Set to Regenerate New Growth

The Ukrainian banking sector is going through tremendous changes. The National Bank’s efforts to clean up the industry, the recent nationalisation of PrivatBank and the merger of Ukrsotsbank and Alfa-Bank are only a few examples.

Tamara Savoshchenko, Chairwoman of the Management Board at Ukrsotsbank, and Roman Shpek, an advisor to the President of Alfa-Bank Ukraine and Head of the Independent Association of Ukrainian Banks, spoke to Andrew Wrobel about the bank’s merger and its impact on the market as well as the prospects for the banking sector in Ukraine. Continue reading The Ukrainian Banking Sector Looks Set to Regenerate New Growth

The Proof of a Country’s Readiness to Attract Foreign Investors Lies in the Development of the Insurance Market

When an emerging economy starts a conscious journey towards international financial markets, in order to attract foreign investments, there are several systemic and important points to consider, especially nowadays in the modern competitive and tumultuous world.  Continue reading The Proof of a Country’s Readiness to Attract Foreign Investors Lies in the Development of the Insurance Market

Belarus and Singapore Share the Same Factors for Economic Success

Singapore has become one of the most developed countries in the world, in just thirty years. Its history began when the country became an independent republic, following its ejection from Malaysia in August 1965. How did this phenomenon happen, within such a short period of time, while other countries that have regained their independence still remain comparatively poor, for example Jamaica who separated from the British Empire two years after Singapore regained independence?  Continue reading Belarus and Singapore Share the Same Factors for Economic Success

Belarus Is Making the First Steps onto the International Finance Floor

The financial market in Belarus is not generally accepted as a lever for the economy, despite having an actively developing legislative framework and a well-established stock exchange structure. The main obstacle to attracting long-term foreign loans, in the current economic environment, is the lack of infrastructure solutions. Continue reading Belarus Is Making the First Steps onto the International Finance Floor

The Belarusian Financial Sector: An Industry in the Process of Restructuring

The key objective of the National Bank of the Republic of Belarus, today, is maintaining financial stability under the current conditions of considerable external shocks and its main challenges are: high inflation rates, national currency devaluation and the underdeveloped financial sector, including the insurance and security markets.

Taras Nadolny, First Deputy Governor of the National Bank of the Republic of Belarus, spoke to Andrew Wrobel about these challenges and also about the six-month-long denomination process that the Bank launched on July 1 2016, where they cut four zeroes off the large banknotes that Belarusian have been using for two decades.

Continue reading The Belarusian Financial Sector: An Industry in the Process of Restructuring

Non-Financial Reporting No Longer a Secondary Consideration in CEE

The number of non-financial reports is growing and according to the Global Reporting Initiative (GRI), around 5,000 sustainability reports enter the global market, annually with 40 per cent out of those coming from Europe. A group of strong leaders, in non-financial reporting, has already been established in Central and Eastern Europe. The Deloitte CE Top 500 ranks the largest companies from CEE countries and 109 of them already have some form of non-financial reporting in place or at least will report non-financial data for 2015.

Continue reading Non-Financial Reporting No Longer a Secondary Consideration in CEE

Croatia Is the Link Between the Capital Markets Of the Western Balkans And the EU

Business has no borders, but in order to function well it needs links. Croatia is ideally located to provide those links between the European Union and the Western Balkans. Infrastructural connections are already in place. Now it’s time for Croatia to increase the role it can play in connecting capital markets. Continue reading Croatia Is the Link Between the Capital Markets Of the Western Balkans And the EU