Hit hard during the financial crisis, the Romanian government was the first in the EU to successfully complete an International Monetary Fund loan programme, without even needing to draw the whole loan. Secretary of state for finance Bogdan Dragoi explains his government’s strategy.
Central & eastern Europe
Latest articles from Central & eastern Europe
CEE banking giants take different investment banking routes
August 1, 2011UniCredit, Erste and Raiffeisen between them own significant market share across central and eastern Europe, but their approaches to turning local presence into international investment banking have varied.
Development banks stay in fashion in eastern Europe
June 30, 2011Governments in central and eastern Europe can take heart from the fact that every economy in the region is forecast to grow in 2011. But the expanded role for development finance ushered in by the financial crisis is not being rolled back just yet.
Resilient Georgia set to emerge in sound economic health
June 30, 2011Georgian banks suffered in the global financial crisis, but with low banking penetration accompanied by conservative and prudent financial regulation, they appear to be on sure footing to growing profitability.
Consolidation takes hold in central and eastern Europe
June 30, 2011Central and eastern Europe was dominated by consolidation and recovery this year which has had a significant impact on its regional top 25, with some departures, some new entrants and some surging into the highest movers list of the Top 1000.
Competition heats up for eastern Europe equity listings
June 1, 2011The trend toward giant international stock exchanges highlights the value of listing on a more specialised market for companies in central and eastern Europe. Warsaw and Vienna are competing for that business.
Will ESMA succeed with the credit rating agencies?
June 1, 2011New European regulation on credit rating agencies will soon come into force. And while everyone is in agreement on the need for improvement, opinion is divided on the best way to achieve this. So will ESMA make a difference?
Hungary's unorthodox solution to a European economic problem
May 4, 2011Hungary's prime minister, Viktor Orban, describes how the country's dire economic situation has required some unusual short-term solutions to run alongside more conventional long-term budgetary management.
The Czech Republic and Slovakia tread similar banking paths
May 4, 2011The Czech and Slovak republics headed down different paths when Slovakia adopted the euro in 2009 but the business model and performance of the two countries’ banks remain remarkably similar.
Rosbank set to take its place among Russia's heavyweights
May 4, 2011The consolidation of Société Générale's Russian subsidiaries will create a universal bank with firepower, its chief executive Vladimir Golubkov explains to Brian Caplen.