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
Ukraine and Russia
EBRD cited the western sanctions...