Emerging Europe: Sovcombank’s star rises

Emerging Europe: Sovcombank’s star rises

Five years ago it was a niche player specializing in consumer loans for the elderly – today Sovcombank is one of Russia’s largest privately owned banks, with a clutch of new shareholders from China and the Gulf. What lies behind its remarkable rise?

Moldova: O tempora, O Tories!

Moldova: O tempora, O Tories!

Britain’s Conservative Party has been at pains to distance itself from the mainstream of European politics in recent years, but seems remarkably comfortable in its murkier shallows.

Poland strides ahead, unconvincingly

Poland strides ahead, unconvincingly

By JEREMY WELTMAN

Euromoney’s latest risk survey has downgraded Poland again – despite its strong economic growth – as the populist-conservative government completes its third of four years in office.

Impact banking: Erste – the social banking network

Impact banking: Erste – the social banking network

By LUCY FITZGEORGE-PARKER

The transition to capitalism has brought prosperity to much of emerging Europe but left large sections of society struggling to catch up – now Austria’s Erste Group is going back to its roots to bring prosperity to the region through social banking.

FX: What’s in store for the Turkish lira?

FX: What’s in store for the Turkish lira?

Traders have been staying away from the Turkish currency this year as they watched a steady decline in its value against the dollar, but the recent deterioration of relations between Turkey and the US sent the currency spiralling into a full-blown crisis.

ICO mania goes mainstream in Moscow

ICO mania goes mainstream in Moscow

By LUCY FITZGEORGE-PARKER

Cryptocurrencies are still not legal in Russia for now, but that isn’t stopping businesses from preparing to take hold of the future.

CEE banking: Heaven or hell

CEE banking: Heaven or hell

By LUCY FITZGEORGE-PARKER

A proposed tie-up between UniCredit and Société Générale would be a real game changer in the region: complementary and challenging.