Russian banks have suffered through the stormy financial conditions of the past two years, but its lenders remain the largest in the central and eastern Europe region. However, Romania, and Banca Transilvania in particular, provide the region's good news story.
Central & Eastern Europe
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Gina Miller, the founder of SCMDirect.com and True and Fair Foundation, says that while there are issues that need to be resolved within the EU, the UK will not escape these problems by leaving the union.
Riccardo Orcel, the head of global banking at VTB Capital, speaks to Stefanie Linhardt about cultivating the bank’s domestic Russian operation and taking an idiosyncratic approach to growing business in global markets.
The south-eastern European states formerly associated with the Soviet Union have been slow to privatise state-owned assets when compared with their western European neighbours, but political reforms and softening attitudes mean fresh momentum is spurring a wave of long-delayed sell-offs in the region, particularly in Serbia and Slovenia.
Bratislava and Moscow top financial services FDI tables in a generally muted investment environment in central and eastern Europe.
As the European Bank for Reconstruction and Development celebrates its silver anniversary, president Suma Chakrabarti tells Stefanie Linhardt why the bank is looking south to the Mediterranean and beyond in search of new opportunities.
Bulgarian lenders bucked the trend as Tier 1 capital contracted in most of central and eastern Europe, while Czech institutions retained their status as most profitable banks in the region.
Slovenia's minister of finance, Dušan Mramor, tells Stefanie Linhardt how he is overseeing the reduction of its budget deficit, economic growth, rising employment and a burgeoning privatisation programme.
Serbia, Slovenia and Greece are all considering selling-off assets, but must not let public anger derail the privatisation process.