Hungary has enjoyed stronger economic growth than many of its European neighbours in recent years, but the country's minister of economy is wary of taking this success for granted, insisting that the country's long-term outlook hinges on a number of external factors, from the recovery of the eurozone to a resolution of the conflict between Russia and Ukraine.
Latest articles from Central & Eastern Europe
Government intervention – both to tackle the country's problematic foreign exchange loans and stimulate new lending – has revived the Hungarian banking market. Now, the race is on for banks to return to profitability.
For more than a decade, Azerbaijan’s economy has enjoyed unbridled growth. On the 15th anniversary of it becoming one of the Asian Development Bank's member states, The Banker takes an in-depth look at its success story.
As the Swiss National Bank removed its cap against the euro, the risk of borrowing in foreign currencies was made clear, as countries that had been busily borrowing in the Swiss franc reeled at the impact of its sudden appreciation.
As the need to resolve the eurozone crisis intensifies, member states seem to be moving further apart on key issues, including the architecture of the union and the terms of Greece's bail-out package. But while political rifts open up, many economists agree that the only way forward is by working towards greater economic integration.
Russia's banks endured a tough 2013, as shown by the results in The Banker's Top 100 ranking, with the picture only likely to get bleaker when the impact of a turbulent 2014 is known.
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.
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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