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  • CEE
    The Covid-19 health crisis has emerged into a swift and globally synchronised economic crisis. Given the high openness of the Macedonian economy, it has suffered as well, both through the global lockdown and the domestic containment measures.
  • CEE
    Ukraine entered the global economic crisis caused by the coronavirus pandemic in a much better shape than during the crises of 2008 and 2014. The ‘Great Lockdown’ is the first crisis in the history of Ukraine in which we haven’t observed the bankruptcy of banks, a spike in inflation, a catastrophic decline in international reserves, or long lines near ATMs. All of this is the result of consistent economic policy during previous years.
  • CEE
    Central and eastern European countries have pushed to be considered in the same light as those deemed more developed on the continent for years. Their handling of the coronavirus pandemic, including debuting quantitative easing, shows such monetary weaponry — and the burden it brings — is no longer the preserve of developed markets.
  • Jorge Masalles Sarragúa has become chief executive of Commerzbank Iberia, as the previous occupant heads to perform the same function for Hungary.
  • Slovakia's Vseobecna uverova banka (VUB) will offer covered bond investors a rare chance to buy bonds with a considerable pick-up to core European deals, having mandated leads for a €500m five year deal rated Aa2 that is expected to be launched on Tuesday, subject to market conditions which have recently deteriorated.
  • Despite a staggering drop in emerging market syndicated lending during the coronavirus pandemic, Russian borrowers are not letting wider margins put them off. With a number of deals in the pipeline, the market is uncharacteristically raring to go.