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Emerging Europe: Special focus

In our September edition, Euromoney explores the banking and capital-market landscape in emerging Europe, including sanction-laden Russia’s courtship of Asia, corporate debt issuance in the region, Turkish banking and an interview with one of Russia’s most independent billionaires.

Emerging Europe

Roman Avdeev, Credit Bank of Moscow

Roman Avdeev: Moscow's most unlikely billionaire

Philosopher, philanthropist and father of 23 – Roman Avdeev is a far cry from the stereotype of Russian oligarch. Yet his ownership of Credit Bank of Moscow, one of the country’s fastest-growing lenders, along with canny deal-making in sectors from retail to pharmaceuticals, is fast propelling him up the rich list. And his status as one of Russia’s most independent billionaires gives him a unique insight into the country’s current pariah status.

Regional debt capital markets

Magdalena Bartos, chief financial officer at PGE

Disintermediation begins to take root

With a seemingly bottomless pool of cheap bank funding readily available, companies in emerging Europe have tended to shun the international bond markets. A recent spurt of debut deals, however, has prompted speculation that the long-awaited shift might finally be under way


Nursultan Nazarbayev, Kazakhstan president

Nazarbayev's hard graph

Kazakhstan is going all out to achieve its goal of becoming a middle-income state by 2030, forming unique partnerships with development banks. It could be a turning point not just for the central Asia nation, but for the multilaterals too

Turkish banking


Turkey struggles in search for sustainability

There’s a new buzzword from Ankara to Istanbul in Turkey’s financial markets: sustainability. Not of the environmental kind, but borne of a desire to keep the positive developments of the country’s economy, and its banks, flowing


The effect of sanctions

Russia China

Sanctions propel Russia towards Asia

Sanctions over the conflict in Ukraine have closed off western capital markets to many Russian companies, giving Asia an opportunity to take a greater role. But an easy ride in the east is not guaranteed

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