Innovation Is the Key Growth Driver

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.

The Bucharest Stock Exchange Has Started the Year on a Promising Note

stock exchange bucharest

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.

Continue reading The Bucharest Stock Exchange Has Started the Year on a Promising Note

CEE NPL Resolutions – Now and Then

NPL central and eastern europe

When the global financial crisis reached Central and Eastern Europe (CEE), in the fall of 2008, the era of easy, foreign-financed credit came to an abrupt end and export markets collapsed. The region’s economy was plunged into a deep recession. Problems with the quality of banks’ assets emerged soon thereafter and non-performing loans (NPLs) rose sharply. Additionally, the high level of local debt denominated (predominantly) in Swiss francs made local borrowers extremely vulnerable and led to them sub-performing. The first wave of NPL resolutions was borne within the Vienna Initiative 1, which aimed to keep western European banks committed to the CEE market. Continue reading CEE NPL Resolutions – Now and Then

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