The war has led to difficult circumstances for the global financial system, leaving central banks with a tough choice. 

Next year is gearing up to be an important one for Croatia’s economy after EU finance ministers gave the approval for Croatia’s membership of the eurozone.

With Croatia set to join the eurozone in January 2023, the country’s banks are likely to play a significant role in the transition to the single currency.

Harry Boyd-Carpenter, managing director, green economy and climate action at the European Bank for Reconstruction and Development, speaks to Burhan Khadbai about the bank’s climate strategy, what it classifies as green investments, the role of gas and the impact of the war in Ukraine on the sustainability transition.

International banks face numerous challenges in leaving Russia, even after they have made their exit.

The Banker’s 2022 Top 30 Nordic Banks ranking shows results from lenders in a region that continues to display solid fundamentals. Burhan Khadbai reports.

Mugur Isarescu, governor of the National Bank of Romania, speaks to Kit Gillet about the pandemic, key recent developments for Romania’s banking sector and the outlook for the period ahead.

For eastern European economies like Romania, the unsettled times continue. The pandemic took hit economic growth and now the war in nearby Ukraine, coupled with high energy prices and rising inflation, could lead to renewed challenges.