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...
Tag - Financial Services
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...
Central banking is a tough job. It requires making policy decisions in an uncertain environment under pressure from the various groups of interest. Hence, I’m often...
First Bank, formerly known as Piraeus Bank Romania, has completed its acquisition of a 99 per cent stake in Bank Leumi Romania, a subsidiary of Bank Leumi Israel, after...
The International Monetary Fund (IMF) looks set to unfreeze around 46.5 million US dollars in financing for the Republic of Moldova following talks with the government...
Bulgaria hopes to join the the ERM-2 exchange rate mechanism — the precursor to eurozone membership — before the end of 2019. Previously, the Balkan country – an...
