May 2008
Only suckers believe that the remedies applied to the credit crisis have cured the underlying sickness. There’s more painful adjustment to come, and it could last two to five years.
May 2008
Turkish companies are the rising stars of corporate governance in emerging
Europe. But CEZ remains the one to beat.
May 2008
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May 2008
Turkish companies are the rising stars of corporate governance in emerging Europe. But CEZ remains the one to beat.
May 2008
Nobody could ever accuse Michel Orlov, president and founder of Black Earth Farming, of lacking the courage of his convictions. As the one-time private equity professional who quit the industry in 2005 to take up the helm of a greenfield farming play in Russia freely admits: "At the time a lot of people thought I was mad."
May 2008
Private equity is booming in emerging Europe, according to new figures from ISI Dealwatch. But what are the hidden risks?
May 2008
Visit cities such as Bucharest and one might be surprised by the high-quality cars or food that are available and affordable. Middle class wealth is growing rapidly in CEE, and it brings with it a lot of pent-up demand.
May 2008
May 2008
A reduction in foreign capital flows means that many banks in eastern Europe are indirect victims of the credit crunch.
May 2008
Specialist emerging European fund manager East Capital is just one example of a foreign investment firm banking on the success of the reforms in the Russian power sector.
May 2008
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The number of analysts at sell-side research houses has been falling since before the credit crunch, and has claimed several senior analysts.
May 2008
The results of the Euromoney credit research poll reveal which banks’ research models are best suited to the troubling environment in which the financial world finds itself, and which enjoy the most support from their management.
May 2008
The crunch has precipitated a world where good credits can turn bad overnight. Research teams must adapt to the new circumstances while clients increasingly have their own expertise. Jethro Wookey reports.
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Russia’s infrastructure will cost trillions of dollars to fix. How are bankers and investors looking to profit from the rebuilding?
May 2008
Moscow’s state-of-the-art Domodedovo airport is a shining example of a highly successful infrastructure project in Russia, which has won plaudits from airlines and passengers alike. But it’s also at the centre of a tussle between a government agency and its private sector owners, that highlights the fact that infrastructure development in Russia is not without significant political and financial risk.
May 2008
Kazakhstan’s banks have built up onerous debt repayments after a splurge of
Eurobond issuance. Are they facing a liquidity crunch?
May 2008
Growth potential is the buzz-phrase in the central and eastern European private equity market. Many in the market are extolling its virtues, not to mention its returns, but what are the hidden risks? Jethro Wookey reports.
May 2008
The number of new equity-linked issues in the first quarter of 2008 fell dramatically across all regions in comparison with the same period in 2007.
May 2008
Romania is vulnerable to the global credit crisis, with its current account in deficit, a budget shortfall and a domestic credit binge.
May 2008
The Romanian authorities need to take prompt action to develop capital markets.
May 2008
May 2008
A plentiful supply of cheap, high-quality farmland means Russia may become key in the drive to solve global food shortages.
May 2008
The arrival of German Gref, apparently with a mandate to build Sberbank into at least a regional if not a global banking force, has generated huge excitement among Russian bankers.
May 2008
Sberbank’s chief German Gref has the task of creating a national banking champion for Russia. That includes building a presence overseas.
May 2008
Just as banks in Russia were beginning to resemble their peers outside the country, engaging in conventional retail and corporate banking, the western financial market crisis hit. Reduced availability of long-term funding from abroad highlights the shortage of such a market in Russia and reveals a systemic vulnerability. Will this help state-owned banks, which had previously been losing market share, turn the tables on their privately owned rivals?
May 2008
The crisis suggests that privately owned banks are not self-evidently better managed nor more effective at allocating capital than state-owned ones.
May 2008
It’s a measure of the increased range of opportunities for the alternative investment industry in Ukraine that the launch last August of MTV Ukraine was made possible by Horizon Capital, a leading private equity fund manager in the country with around $300 million under management.
May 2008
Ukraine’s financial institutions are thriving despite renewed political
upheaval. A surge in M&A and IPO activity could be the next stage.
May 2008
Russia completed another piece in its agricultural jigsaw in April with the long-awaited launch of wheat futures trading on the National Mercantile Exchange (Namex) in Moscow.
May 2008
On February 5, Ukraine received the welcome news that after 14 years of often tortuous negotiations its membership of the World Trade Organization had finally been approved by the international trade body’s general council.