From dealing with the knock-on effects of the US and EU sanctions on Russia to preparing for the adoption of the euro, Lithuania's finance minister Rimantas Šadžius has been kept busy this year. But, despite the headwinds, Lithuania has managed to record one of the highest GDP growth rates in Europe.
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A tumbling exchange rate and sharp interest rate hikes point to growing threats to Russia's financial stability in 2015, even though the central government's debt burden is very low.
Russia has been a key profit driver for several Western European banks and the slide in the rouble will have a significant impact.
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2014's best banks from central and eastern Europe.
Romania's minister of economy, Constantin Niţă, talks about the country's economic outlook, the impact of EU membership and the challenges posed by the crisis between neighbouring Ukraine and Russia.
Ukraine has been forced by the conditions of its latest International Monetary Fund loan to conduct a domestic asset quality review. Ahead of this, The Banker assesses the health of the country's banks.
While much of Europe has struggled over the past few years, the Polish economy has remained resilient, maintaining a sound banking system and hitting its inflation targets. This is why the president of the National Bank of Poland, Marek Belka, is remaining cautious on the topic of eurozone membership, and has no intention of opting into the European banking union.
The governor of Romania's central bank explains why being part of the European banking union makes sense for the country, even if it is not yet ready to join up to the single currency regime.
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