bne IntelliNews weekly newspaper – Russians lose showdown at EBRD AM

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May 12, 2017 www.intellinews.com
Russians lose showdown at EBRD AM
bne IntelliNews
There was some real drama at this year’s European Bank for Reconstruction and Development annual meeting in Cyprus, largely a glorified investment roadshow for most of the countries in its patch: the board of governors “overwhelmingly” voted to reject a bid by a high-level Russian delegation to restart the development bank’s lending there.
Foreign investors fear reform will take back seat after referendum
bne IntelliNews
The term “sweeping powers” is not used idly when it comes to the executive presidency granted to Turkish Recep Tayyip Erdogan by April’s contested referendum. But it is what the outspoken presi- dent might do with those powers that remains foremost in the minds of foreign investors cur- rently trying to assess if Turkey remains a wise play. Any further signs that the rule of law and
EBRD President Suma Chakrabarti said the decision to freeze all new lending activity in Russia was “final”.
In rival back-to-back press conferences on May 10, EBRD president Suma Chakrabarti announced that the vote on Russia was “final”.
“The board of governors overwhelmingly agreed that the bank has complied with its own internal
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Even the stock exchange has been targeted, with warrants issued for a total of 102 sacked employees.
property rights are under threat could send many international players scurrying for the exit.
For any foreign trader or investor of a nervous disposition, Erdogan is not an easy host to contend with. His regular talk of how high interest rates
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