President Kurmanbek Bakiyev, once the hero of the 2005 ‘Tulip Revolution’ in Kyrgyzstan, won a second term in the disputed presidential election of the central Asian country in July.
Capital Markets
Having been subsidised for over a decade by Russia, Ukraine’s economy is now being bolstered by the EU and IMF.
The Nigerian stock market, and particularly the banks, have taken a big hit over the last nine months, but optimism is returning among foreign investors, writes Kevin Godier.
Foreign banks have pledged their faith in the economies of Southeastern Europe. However, lending is down and political pressure is growing on them to open their purses, writes Eva-Luise Schwarz.
Governments and private investors are putting tens of billions of dollars into trying to secure land and food from Africa, to position themselves against a growing global food shortage, reports Mark Weston.
For the second time in 12 years, Russian investment banks have gone from dizzying boom to disastrous bust. How will they fare in the post-crisis world, asks Geoffrey Smith.
Anvar Saidenov certainly doesn’t dodge the tough jobs. For several years, he had the task of regulating Kazakhstan’s over-heating banking sector. Now, he’s been put in charge of sorting out the restructuring of the country’s biggest bank, BTA, which the government declared insolvent in February.
The Maghreb region has proved one of the most resilient among emerging markets, thanks to its strong local investor base, reports Julian Evans.
The Baltic economic miracle has turned out to be an illusion, reports Eva-Luise Schwarz.
On November 3, Ilmars Rimsevics, governor of the Bank of Latvia, met with anxious investors in an emergency conference in London, and assured them that Latvia was not going the way of Iceland.
In March, Georgia’s Prime Minister Lado Gurgenidze told emeafinance that the issue of the separatist provinces of South Ossetia and Abkhazia would be resolved “in the next few months”....
HSBC’s new head of international banking, Tony Mahoney, tells emeafinance’s editor Julian Evans the bank is ready for a “substantial move” into Central & Eastern Europe (CEE).
In August, the first war for a decade took place in Europe, as Russia invaded Georgian territory. Since then, Russia has faced its worst financial crisis since the 1998 debt default. emeafinance editor Julian Evans looks at the economic costs for Russia of its military adventure in Georgia.