Austrian banks and companies have been looking to central and eastern Europe for growth – a successful strategy that will continue, reports Geraldine Lambe.
World
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Risk financing: a global view
June 2, 2008The practice of companies establishing subsidiaries to insure their own risks directly without accessing the commercial insurance market dates back more than a century. However, the captive insurance industry began to take off in the 1960s, and Bermuda set itself up as the original home for the offshore segment.
Investors wowed by Georgian bond issue
June 2, 2008Edward Russell-Walling reports on how Georgia’s first ever issue on the international bond market was a resounding success.
Bold governor strives for new frontiers
June 2, 2008Shamsad Akhtar, governor of the State Bank of Pakistan, has an ambitious vision for the bank to have a greater say in economic policy, she tells Karina Robinson.
Banking sector bolsters Luxembourg economy
June 2, 2008The economy of the Grand Duchy of Luxembourg relies heavily on its financial sector, as it contributed approximately 30% of gross domestic product in the last fiscal year.
Kuwait’s direct action holds useful lessons
June 2, 2008Targeted intervention, such as that imposed on borrowing limits by Kuwait, could work in other problem areas of banking.
Navigating a new world
June 2, 2008Traditionally a low-risk area, the European covered bond market is now a much more volatile place. Philip Alexander explains how Portugal fits into the wider European picture.
Covered bonds’ appeal grows
June 2, 2008A legal framework incorporating the best international practices of investor protection should pave the way for the success of Portuguese covered bonds.
Africa's markets show pulling power
June 2, 2008A sure sign that Africa is entering a new phase of growth and development is the rapid advancement and increasing sophistication of its capital markets.
Power to succeed
June 2, 2008Africa is one of the most resource-rich areas on the planet but without a reliable power supply the continent will never benefit.