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A leap into innovation is the only chance for Poland
Jacek Ramotowski“The first investment in the process of putting the economy on a path of innovation should be investment in human resources, and long-term plans must begin with education,” says Sebastian Ptak.
European financial institutions will invest in Poland
Jo HarperEIB signs EUR250m loan agreement with Polish infrastructure manager PKP PLK and EBRD will invest up to EUR700m and will help WSE return to growth.
Ukraine’s largest bank: a long way out in deep waters
Sergei KuznetsovPrivatbank, Ukrainian largest lender by assets, is facing "systematic problems", and the country's central bank has placed it in "a very tough framework".
IMF: Central Europe is no longer catching up with Western Europe
Marek PielachThe countries of Central and Southeast Europe have stopped narrowing the gap even with sluggish Western Europe as a result of slower productivity growth and lower capital accumulation in the Western Europe.
Eximbank opens USD68m credit line for Georgian-Hungarian projects
Jo HarperEximbank has opened a USD68m credit line to "facilitate the implementation of joint projects" by Georgian and Hungarian companies.
Alior Bank buys Bank BPH from General Electric
Jo HarperThe main shareholder of Alior, PZU, has agreed to a new rights issue which should allow Alior Bank to gain EUR452m needed to finance the takeover of BPH Bank.
Russia’s economy drops to a lower category
Jan CipiurLooking in from the outside, Russians are acting irrationally. Before looking at why the Russian economy is bad it makes sense to look at a few areas of the Russian economic weather in which there is no sign of the sun.
Slovakia’s banking sector resilient to potential shocks – central banker says
Jo HarperSlovak banks survived the European debt crisis with no need for any state aid and with sufficient capital levels.
Poland joins the Asian Infrastructure Investment Bank and hopes for benefits
Adam KalińskiFor Poland, joining the AIIB is an investment in the future, because European Union cohesion funds will at some point run out.
Ukraine is losing the fight against corruption
Michał KozakThe West’s patience is running out and Ukraine could lose the foreign macroeconomic assistance that has, for the time being, kept the country financially afloat.