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Banking

Newsmakers: Matolcsy Creates Anxiety For Hungarys Central

NEWSMAKERS: HUNGARY By Paul Mackintosh Widespread concerns in Europe over the independence and integrity of Hungary's institutions were rekindled recently by the news that prime minister Viktor Orbán had appointed his right-hand man, György Matolcsy, as the new governor of ...

Capital Raising & Corporate Finance

Newsmakers: New President Faces Tough Challenge Managing Debt Woes

NEWSMAKERS: CYPRUS By Justin Keay With Cyprus in the midst of facing down the EU while battling to rescue its biggest banks, and during its worst economic crisis since independence in 1960— unemployment is above15%, and GDP could contract by ...

Capital Raising & Corporate Finance

Emerging Markets Roundup: Russia

GAZPROM DOUBLES PROFITS AS IT PREPARES FOR “EFFICIENCY” AUDIT By Kim Iskyan Gas giant Gazprom reported that net profit doubled in the third quarter of 2012, thanks to forex gains. The results came just days after the ...

Emerging & Frontier Markets

Milestone: Moscow’S Stock Exchange Goes Public

MILESTONERUSSIA By Udayan Gupta The Russians are taking a page out of the Dutch East India Company’s playbook of 1602. In mid-February Russia recapitalized the Moscow Stock Exchange by selling $1 billion of shares in an IPO of the ...

Emerging & Frontier Markets

Newsmaker: Turkey’s PM Gives EU Ultimatum Over Membership

NEWSMAKER TURKEY By Valentina Pasquali Conveying the feelings of a large swath of the Turkish population, which is increasingly tired of the stalled accession negotiations with the European Union, prime minister Recep Tayyip Erdoan recently threatened to abandon ...

Economics, Policy & Regulation

Newsmaker: Belka Navigates Choppy Economic Waters in Poland

NEWSMAKERS: POLAND By Justin Keay Poland’s central bank governor, Marek Belka, marked the start of the New Year with an interview to a leading business newspaper in which he claimed Poland had experienced “the perfect slowdown” rather than the slump ...

Emerging & Frontier Markets

Regional Focus Caucasus

BEYOND OLD BOUNDARIES By Justin Keay Oil wealth, a favorable location and buoyant economic growth have thrust Azerbaijan, Armenia and Georgia onto the international stage. However, regional conflicts, political tensions and corruption are never far away. “The ...

Emerging & Frontier Markets

Emerging Markets Roundup: Russia

BATTLE RAGES ON FOR NORILSK NICKEL   By Kim Iskyan   Russia’s economy continued to show signs of slowing, as preliminary GDP for October 2012 clocked in at a very weak 2.3%, marking the fifth consecutive month of deceleration.   ...

Capital Raising & Corporate Finance

Equity: China, LatAm Could Boost IPOs

CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS   By Gordon Platt   After declining sharply in 2012, initial public offerings could stage a turnround in the new year, say analysts, with China and Latin America leading the issuance.   The ...

Emerging & Frontier Markets

Fico Allays Critics’ Concerns As Economy Outperforms

NEWSMAKERS: SLOVAKIA   By Justin Keay   Emerging Europe doesn’t generate much in the way of good news these days, owing to the region’s proximity to and dependence on the eurozone.   Fico has learned from past mistakes Photo Credits: ...
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