Promsvyazbank is seen as most at risk of the Garden Ring banks after buying up weaker rivals and diversifying aggressively into other industries.
The Russian government plans to launch a series of massive infrastructure projects after the 2018 presidential election, addressing a significant shortfall the country is facing.
Russia's central bank has given troubled Binbank an unsecured loan, but has not disclosed the amount as it starts the rescue of yet another large "Garden Ring" commercial bank.
The two surviving independent members of the supervisory board at Ukraine's gas monopoly Naftogaz quit on September 19, citing "the government’s lack of commitment to duly implement the corporate governance reform".
Shoe retailer plans IPO this autumn to build on strong growth across its regional network.
With several of Romania’s media moguls behind bars or on the run, a shakeout is expected in the sector — but this is unlikely to address serious concerns about media pluralism.
Tajikistan’s $500mn Eurobond debut is intended to fund construction of the Rogun dam and help Central Asia’s poorest country become a regional energy exporter, yet Dushanbe has a history of being an unreliable financial partner.
The money could have been spent on wind farms instead, says one visitor to space age green energy themed exhibition, as renewable energy potential remains unused in fossil fuel rich Kazakhstan.
Production of Steora solar-powered smart benches to be doubled by year-end to supply smart city projects around the world, but founder rues "weird laws and regulations" holding back Croatian tech startups.
Investors snapped up metal and mining names thanks to the high prices for ferrous metals on international markets and the expectation that demand from China will accelerate
The near collapse of leading commercial bank Financial Corporate Otkritie has raised a wider question: is Russia is facing another banking crisis?
Who were the owners of Russia's Otkritie bank and what where the deals that got it into so much trouble?
Russia’s banking sector was rocked in August when Otkritie Financial Corporation, the second biggest private bank in the country and one of 10 “systemically important” banks, was taken over by the central bank.
The management crisis at state-owned gas monopoly Naftogaz took a new turn after Charles Proctor, an independent member of the supervisory board, said he will resign from his post in late September, citing the lack of government support.
The winds of change are blowing in Central Asia. The removal of currency controls in Uzbekistan on September 5 could lead to a flood of investment and a sustained boom in the region's most populous country.
Has the tide turned for Rustam Tariko, the owner of both Russky Standart vodka and a bank by the same name? The vodka business is booming, largely thanks to the fact the government has almost completely eradicated illegal vodka production.
Istanbul’s introduction of a credit guarantee fund has triggered a private sector credit boom that some analysts fear could end in tears if Europe’s banks become unwilling to lend to their Turkish counterparts.