Silver linings for CEE's restructuring push

Author: | Published: 9 Dec 2014

The political crisis embroiling Russia and Ukraine has created new opportunities for foreign and local banks in the region

It may seem that banks in central and eastern Europe (CEE) are in no hurry to welcome in the new year. According to the European Bank for Reconstruction and Development’s (EBRD) recently released Transition Report, the outlook for 2015 looks decidedly glum. It states that CEE is likely to face its fourth year of consecutive growth below three percent – the longest period of weakness since the early 1990s – and cites 'significant downside risks’. But does this ring true with those working on deals in CEE and will it affect the deal flow of lenders that have the region within its sights?

Ukraine and Russia

EBRD cited the western sanctions...