Before Ukraine has settled into its new government, the big banks of Europe have already decided that they want a presence in the country. James Hydzik reports on the growing acquisitions activity.
World
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Deal augurs new era for Greeks in Turkey
May 2, 2006The deal struck between National Bank of Greece to buy Turkey’s Finansbank is likely to be the first in a line of cross-border acquisitions. Kerin Hope reports.
Major league FDI recipient
May 2, 2006Privatisation is sucking in unprecedented levels of foreign direct investment to Turkey. Metin Demirsar reports.
Homing in on the consumer
May 2, 2006
With interest rates falling, Turkey’s banks have moved away from financing of government debt to providing loans and mortgages. Metin Demirsar reports.
Turkey’s banking system is growing rapidly due to cross-border transactions and a buoyant economy. Banks are shifting funds from government securities to loans, as interest rates fall, and competition is intensifying in consumer banking and housing finance.
Freeing up corporate debt
May 2, 2006Peter Wise reports on the new laws billed to overcome impediments to investing in Portugal’s debt market.
Competition heightens
May 2, 2006Millennium BCP’s bid for Banco BPI will make competition in the banking sector even more fierce, even if it fails. Peter Wise reports.
Structural transformation
May 2, 2006Fernando Teixeira dos Santos, Portugal’s finance minister, tells Peter Wise of his radical public sector reform plans.
The left-right march to revival
May 2, 2006The prospect of four years of political stability has helped lift the pessimism that has surrounded Portugal’s economy. Peter Wise explains.
US exchanges knock on China’s open door
May 2, 2006US exchanges are taking advantage of improving relations with China and clinching significant business deals. Jim Kharouf reports.
The right formula for Colombia
May 2, 2006Colombia is one such country that has used the current benign conditions to improve public finances but that does not mean that all the pieces of an economic growth formula are in place. The country has the same pitiful loans to gross domestic product (GDP) ratio of 25% that it had in the 1970s.