A rust-belt Soviet past, a geography that makes transporting goods expensive and the ongoing conflict with Russia are all hampering eastern Ukraine’s efforts to attract FDI. But cities such as Dnipro and Zaporizhia are committed to dispelling the old perceptions and attracting foreign investment to this resource-rich region, as Yuri Bender reports.
For Pokrovsk in Ukraine’s Donetsk region, life goes on despite its proximity to the conflict in the country’s east. The city’s priorities include changing energy supply to save money, a move enabled by the government’s decentralisation drive. Mayor Ruslan Trebushkin tells Yuri Bender why budgetary importance is so important to the city.
As the economic scales tip in favour of emerging economies – particularly those in Asia – it seems increasingly likely that one of the region's leading financial centres will steal the status of global wealth management capital from Switzerland. The question is, which city will it be?
Wealth management strategies are changing in response to a changing financial and socio-political landscape. The Banker and its sister publication Private Wealth Management approached chief executives from key institutions in each global region to canvass their views on the future growth of the industry. The panel of leaders addressed topics including regulation, reporting quality, due diligence and banks’ increasing use of social media.