Georgia has launched pension reforms, and is looking to develop a local currency debt market, all in an effort to develop the country's capital markets, EMEA Finance reports on the progress of these efforts.
Central and Eastern Europe
There is real need for consumer credit, especially in regions such as CEE, where the risk appetite of banks is lower and fewer people have a credit history. Valued at around £1.1bn (US$1.7bn), London-listed consumer lending company International Personal Finance (IPF) has a growing presence in these markets and an appetite for further expansion.
Turkey has seen a re-balancing of its political landscape. The economic consequences are more difficult to ascertain. Analysts at BNP Paribas Investment Partners, the asset management arm of the French bank, believe there is likely to be short-term volatility but the long term implications of these results are quite positive.