As the Swiss National Bank removed its cap against the euro, the risk of borrowing in foreign currencies was made clear, as countries that had been busily borrowing in the Swiss franc reeled at the impact of its sudden appreciation.
Central & eastern Europe
Latest articles from Central & eastern Europe
Eurozone meltdown: how can it be avoided?
March 2, 2015As the need to resolve the eurozone crisis intensifies, member states seem to be moving further apart on key issues, including the architecture of the union and the terms of Greece's bail-out package. But while political rifts open up, many economists agree that the only way forward is by working towards greater economic integration.
Lithuania: the new kid on the euro bloc
February 2, 2015Lithuania became the 19th country to adopt the euro as its currency in January, joining Baltic neighbours Latvia and Estonia. But what benefits can the country expect to see from this move?
Top 100 Russian banks ranking: Russia's troubles rumble on
January 28, 2015Russia's banks endured a tough 2013, as shown by the results in The Banker's Top 100 ranking, with the picture only likely to get bleaker when the impact of a turbulent 2014 is known.
Lithuania prepares for life in the eurozone
January 5, 2015From dealing with the knock-on effects of the US and EU sanctions on Russia to preparing for the adoption of the euro, Lithuania's finance minister Rimantas Šadžius has been kept busy this year. But, despite the headwinds, Lithuania has managed to record one of the highest GDP growth rates in Europe.
Russia walks a tightrope
January 5, 2015A tumbling exchange rate and sharp interest rate hikes point to growing threats to Russia's financial stability in 2015, even though the central government's debt burden is very low.
Foreign banks face heavy hit from Russian slump
December 19, 2014Russia has been a key profit driver for several Western European banks and the slide in the rouble will have a significant impact.
Bank of the Year Awards 2014 – global and regional winners
November 28, 2014The best of the best are celebrated as The Banker crowns the global Bank of the Year, and hands out the laurels for our regional winners and the lender that has excelled the most when it comes to financial inclusion.
Bank of the Year Awards 2014 – central and eastern Europe
November 28, 20142014's best banks from central and eastern Europe.
Romanian minister of economy seeing benefits of EU membership
November 3, 2014Romania's minister of economy, Constantin Niţă, talks about the country's economic outlook, the impact of EU membership and the challenges posed by the crisis between neighbouring Ukraine and Russia.