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Polish fintech companies need an ecosystem
Piotr RosikThere is no shortage of fintech companies in Poland. Interesting companies are also emerging in the e-commerce industry. However, they are not successful on foreign markets.
Catching up with cryptocurrency
Jan DaraszRegulation is chasing production as governments try to formulate tax legislation regarding cryptocurrencies and the Polish government plans to do the same.
Fintechs are growing in Poland
Jo HarperThere are 170 companies operating in the Fintech sector in Poland, 60 of which have benefited from the government's "Innovation Hub" development program.
Slovenia sells 50 per cent of NLB bank
Vedran ObućinaThe European Commission approved a Slovenian proposal for the sale of Nova Ljubljanska Banka (NLB), which stipulates that by the end of this year the state will sell at least 50 per cent of the stake in the bank.
Public institutions in Europe are beginning to support fintech companies
Magdalena Węsierska-WieczorekOver the course of the last dozen or so months, EU institutions, as well as the Polish Financial Supervision Authority have intensified their efforts to help fintech companies to develop.
Olympic Insurance collapse hits Bulgaria where it hurts
Jo HarperThe liquidation of Cyprus’ Olympic Insurance has left almost 200,000 policyholders with no coverage in Bulgaria. Olympic Insurance held around 10 per cent of Bulgaria’s market.
Ukraine is debating the issue of cryptocurrencies
Michał KozakThe Ukrainian central bank announced the launch of a pilot project of the electronic hryvnia (eUAH). Unfortunately, the idea was discredited by scammers before the tests began.
Fluctuations of the Bosnian banking sector
Vedran ObućinaThe banking sector in Bosnia and Herzegovina (BiH) continually records an increase in assets. Last year, they increased by 8.2 per cent and amounted to EUR14.447bn.
Russia’s ambivalent relationship with the American dollar
Filip BrokešRussia’s second largest bank, VTB, came with a number of proposals for expanding the use of the Russian ruble in international financial settlements.
Russian banks to use biometric data
Filip BrokešSince the beginning of July, the citizens of the Russian Federation are able to receive any banking services remotely upon submission of their biometric data, which will be stored in the Unified Biometrics System.