Seeking clarity amid the chaos
Slovenia avoided the stigma of a Troika rescue, but the economic pressure of a state-imposed bailout has rocked the government.
At cruising altitude; turbulence ahead?: This report reaches you at a time when Emerging Europe and Turkey could be stuck on the tarmac. The political situation means Ukraine is grounded and Russia may yet have to consider an emergency landing, yet the rest of the CEE region appears to be about to take off.
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Slovenia avoided the stigma of a Troika rescue, but the economic pressure of a state-imposed bailout has rocked the government.
Despite being the “poster child of contagion”, Hungary is moving towards steadying economic prospects.
Just as privatisation has become a symbol of Poland’s successful transition, asset sales have become less important to an economy where the private sector is now picking up the baton.
Most of the high-yield activity so far remains centred on the asset class’s TMT stronghold, but some expect an increasingly diverse array of deals in coming years.
While many banks have spent the last few years retrenching at home, there has been little sign of waning interest in Turkey, where upheaval has failed to tarnish growing potential.
After nearly two decades of outstanding success, a series of unfortunate events have robbed the Warsaw Stock Exchange of much of its once considerable allure as the largest independent bourse in CEE.
After a year of hard knocks, Turkey’s central bank has been fighting back with aggressive decision-making and a willingness to stand up to the administration.
Local market colatility has killed off trades, but with political uncertainty on the wane, issues may pick up in the long term.
Tapering of quantitative easing in the US and political instability may have taken investors in Turkey on a roller-coaster ride in the past year, but there is now hope that the ups and downs will smooth out.
A fracture exists in Central and Eastern Europe between countries with strong fundamentals such as Hungary that are on a path to prosperity and the fiscal misfits that are staring into the abyss.
After years of false starts, the pieces finally appear to be falling into place on Serbia’s political and economic chessboard – let the games begin.
Vienna has been seen in the east as a portal to Western prosperity since the time of Genghis Khan and today remains a gateway to the CEE states.
A strong Poland may be set to lead the CEE pack this year, but there are those who believe it could be doing even better.
Corruption allegations and political instability have alienated investors in Turkey’s ambitious construction projects, many of which are now set to remain at ground level.