Eastern Europe

This tag is associated with 73 posts

Poland’s Booming Economy Relies On Workers From Ukraine & Belarus

The swift growth of the Polish economy has created a demand for workers, particularly cheap labor from the East. The gap is being filled by people from Belarus and Ukraine, many of whom used to work in Russia. More and more ads saying Job openings in Poland for different qualifications of workers. We invite both … Continue reading

Turkey’s New Central Bank Governor Must Walk Political Minefield

By Iain MacGillivray Turkey’s former Central Bank Governor Erdem Başçi has bowed out from his position after five years in the job, leaving behind an interesting financial legacy amid growing political pressure from the ruling government. While Başçi managed to keep the Palace at bay and interference minimal, the appointment of his successor Murat Çetinkaya, a … Continue reading

Moldova In Crisis As Corruption Threatens Stability

By Daniel Schearf A financial crisis in Moldova, one of the poorest countries in Europe, has exposed deep-rooted corruption that is boosting pro-Russia parties and threatening Moldova’s stability. Monthslong protests around government buildings have raised comparisons with the uprising in neighboring Ukraine. Western backers are withholding financial support until the government makes much-needed reforms, but … Continue reading

Bulgaria, World Bank Partner To Boost Impact Of European Structural And Investment Funds

The World Bank’s Vice President for Europe and Central Asia Cyril Muller and Bulgaria’s Deputy Prime Minister for EU Funds and Economic Policies Tomislav Donchev signed today a Memorandum of Understanding (MoU) on partnership and support in the implementation of the European Structural and Investment Funds in Bulgaria for 2014-2020 period. This agreement marks an … Continue reading

Bank Deleveraging Slowed Down In Eastern Europe While Capital Outflows Moderated

Banks in Central, Eastern and Southeastern Europe (CESEE) reduced the pace of deleveraging in the first quarter of 2015 compared with the previous quarter, and the related capital outflows moderated. Credit growth continued to diverge across the CESEE region, according to the latest report from the Vienna Initiative Steering Committee. Banks reporting to the Bank … Continue reading

Greek Crisis: Why The Athens Stock Exchange Plunged On Reopening The 3rd Of August

After five weeks of closure, the Athens Stock Exchange reopened on Monday and immediately the trend went sharply down. Investors do not believe that a recovery of the Greek economy could occur soon. Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that’s crippled the … Continue reading

IMF Executive Board Completes First Review of Ukraine’s Extended Fund Facility And Approves US$1.7 Billion Disbursement

The Executive Board of the International Monetary Fund (IMF) today (July 31) completed the first review of Ukraine’s Extended Arrangement under the Extended Fund Facility (EFF). The completion of this review enables the disbursement of SDR 1,182.1 million (about US$1.7 billion), which would bring total disbursements under the arrangement to SDR 4.72 billion (about US$6.68 … Continue reading

Ukraine Faces Solvency Crisis And Likely To Default In July, Goldman Says

Ukraine faces a solvency and liquidity crisis and will likely miss a bond coupon payment in July and — as a result — will default on its debt, according to Goldman Sachs. The Ukrainian government is unlikely to resolve a disagreement with its creditors on its debt repayment plan in the approaching weeks and will likely issue a moratorium before … Continue reading

Eastern Europe: NATO Spearhead Force Deployed For First Time With Capacity Of 4k To Be Gradually Increased To 40k Troops

“NATO’s new high-readiness ‘Spearhead’ force has been deployed for the first time,” Forces TV reports. “More than 2,000 soldiers from nine member states are taking part in exercises in north-west Poland. It comes as NATO head Jens Stoltenberg says the alliance will approve plans this week to more than double the size of its rapid response … Continue reading

See NATO’s Massive Training Exercises In Eastern Europe

Moscow’s “blacklist” of European political figures who now will be denied entrance to the Russian Federation suggests that in the view of the Kremlin, Poland is Russia’s “most dangerous opponent” in Europe, EMerging Equity reported on June 4. On June 2, Poland’s defence minister, Tomasz Siemoniak, told Sky News his country was facing its greatest security crisis … Continue reading

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