Controlled explosion as banking booms

The Kazakh banking sector, which has leapt forward at a remarkable rate for the past four years under the strict supervision of the central bank, is about to get a new supervisor. What next for this success story? Chris Pala reports.

Ukraine sails back into favour

Strong growth, a successful sovereign bond deal and undervalued assets are turning Ukraine into the hottest new investment opportunity.

The Kazakh miracle

In just over 12 years Kazakhstan has recast itself from a basket case economy into net creditor to the world thanks to its vast oil reserves.

The start of real reform

A free market for Russia's electricity is within sight as the break-up of the power sector bolts through the halfway mark. Ben Aris reports.

What next for the EBRD?

The EBRD has done such a good job in central and eastern Europe, opening up market access and catalyzing transformation of financial systems, that it now may no longer be needed.

Roaring back

Emerging-market investment bankers have been tramping the corridors of power in Kiev ever since Ukraine showed signs of shrugging off its economic torpor in 2000.