The World Bank has expressed support for the reform of the governance of Ukraine’s state-owned banks (SOBs), and called it an essential step towards improving the...
Tag - Financial Services
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a long-term local currency loan of 100 million Georgian lari (around 35...
Foreign Direct Investment (FDI) in Bosnia and Herzegovina last year amounted to 2.3 per cent of the GDP, equal to that recorded in 2017. According to the Central Bank of...
Three international companies, Monese, British Airways, and Siemens were recently selected as the winners of the 2019 Workation Vilnius programme. First launched in...
Coca-Cola ads linked to Central and Eastern Europe’s largest music festival have prompted a boycott call from a senior member of Hungary’s far-right...
The Romanian leu’s exchange rate has had a convoluted evolution during the three decades of Romania’s transition to a market economy. With euro membership now a possible...
International credit ratings agency Moody’s has upgraded the outlook of Azerbaijan’s banking system from stable to positive, the Azeri press has reported...
The Ukrainian banking market is probably the most dramatic boom-bust story in the CEE region. From 2000 onwards, the ratio of loans to GDP rose from around 10 per cent...
Hungarian banking group OTP purchased 96.69 per cent of the shares of Moldovan bank Mobiasbanca Groupe Societe Generale, consolidating its role of the biggest and most...
Fintech primarily refers to innovations in the financial sector. Such innovations may include a new customer experience, a completely new product or modernisation of...
Twisto, a multi-currency card with a credit option, is now set to expand into Poland in October, and Romania soon after. Twisto is the creation of Czech Michał Šmída...
Estonia-based Xolo (formerly known as LeapIN) has secured 6.8 million US dollars for its ‘virtual company service’ that allows pro freelancers from across the globe to...
Economist Gitanas Nausėda has been sworn in as Lithuania’s new president. The 55-year-old independent, who replaces outgoing Dalia Grybauskaite, is a political...
