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 longevity of Belarus’ president, Aleksander Lukashenko, owes as much to the structure of the country’s economy as it does to his sharp and often criticised leadership skills, which have resulted in a narrowing of the political space and the suppression of opposition. Continue reading Winds of Change for Belarus’ Reinsurance Industry?→
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→
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.
I perceive SEE Link as a consolidating opportunity for the countries involved, which makes investors more willing to consider them, says André Küüsvek, Director, Local Currency and Capital Markets Development at the European Bank for Reconstruction and Development, in an interview during the Western Balkan Summit in London.
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.
On 10 September 2015, the Municipality of Plovdiv, Bulgaria’s second largest city, jointly with InvestBulgaria Agency, is organising the Outsourcing Destination Bulgaria Business Forum. The city has established itself as the second largest centre of investments in the sector of IT and outsourcing business process in Bulgaria, after the capital, Sofia.
For about 20 years, the Swiss franc was the most stable currency and was regarded a “safe haven” by a lot of borrowers but that stability ended along with the financial crisis and that is when the franc started appreciating. Since 2008 or the peak of the crisis, the franc has appreciated against the euro by some 70 per cent.
The Romanian capital market may still be small but is bound to grow thanks to significant changes it is undergoing. They are related to the organisation, structure, investing culture, market practices and regulations as well as its vision and development strategy of the stock exchange.