Russian bear wakes from prolonged hibernation

Russia is once again dominating CEEMEA equity capital market dealflow, with Poland and Turkey, the other members of the big three European growth markets, in hot pursuit. But issuers aren’t having it all their own way. Over the following pages, Nick Jacob looks at the success of the Warsaw Stock Exchange in establishing itself as a regional hub, and at the wider question being asked by all emerging market issuers about where to go for their primary listings. But first, Russia – and it’s on-again, off-again relationship with ECM.