Mumtalakat CEO praises "robust financial performance" despite widening losses.

Government reforms drive World Bank funding.

EU’s bank makes debut SME Eastern Partnership loan.

JP Morgan, HSBC and Credit Suisse reported to be selected.

Institutions encourage private sector investment.

World Bank warns that region faces tough times in coming years.

Treasury raised almost PLN7bn through deals in 2009.

Investment banks pitch for country’s first international bond in a decade.

Deal marks largest ever 30-year bond from an emerging markets sovereign.

Fund says new wage law must be vetoed if next loan tranche is to be released.

European financing for a hydroelectric plant in Turkey was suspended on July 7 after Turkey failed to offer environmental protections in the area around the Tigris River where antiques from the Middle Ages will be flooded by the dam.

Poland is selling US$2bn of bonds in its first dollar bond in almost four years with Barclays Capital, Citigroup and HSBC as lead arrangers. On July 7, investors placed more orders than the government initially offered, prompting Poland to increase its sale by 25% from US$1.5bn.