Turkiye has long had one of the lowest non-performing loan (NPL) rates in Europe, but recent years have seen some ups and downs. Between 2017 and 2020, the rate fluctuated between 3.25% and 3.46%. During the pandemic, the rate dropped significantly as borrowers benefited from extended loan payment schedules. Thereafter, the rate rose briefly before falling below the European Union average of 2.27% in 2023. Since the beginning of 2024, however, rising interest rates have pushed the NPL rate back up, to 1.71%. Experts expect the rate to rise to 2.5% by the end of the year, above the EU average and a challenge for borrowers and lenders.

The Digital Operational Resilience Act (DORA) is a central component of the EU’s Digital Finance Package. The aim is to enhance information and communications technology (ICT) security and digital operational resilience in the financial sector. Financial institutions and ICT service providers have until January 17, 2025, to fully implement the requirements.

The Markets in Crypto-Assets Regulation (MiCAR) has just been launched, and this brings big changes for crypto-asset markets in the European Union. MiCAR applies to both crypto-asset service providers (CASPs) and crypto-asset issuers, but it focuses mainly on CASPs due to the higher risks involved with their activities. Each EU member state has the option to set its own transition periods for implementing the CASP regulations.

A credit institution typically possesses funds belonging to depositors. However, there may be situations when the institution also holds property that belongs to third parties. This article aims to examine the concept of third-party property in the case of a credit institution’s insolvency.

The Russian aggression against Ukraine has reshaped the landscape of cross-border finance in the country. While the initial shockwaves of the conflict saw financing dry up almost entirely, with most support directed toward the government, a gradual but significant shift has occurred.

Gospic Plazina Stojs Partner Lana Stojs talks about banking and finance in 2025 in Croatia.

Law Office Lazarov Attorney at Law Gordana Susuleska-Itic talks about banking and finance in 2025 in North Macedonia.

Greenberg Traurig Partner and Head of Project and Structured Finance Piotr Nerwinski talks about banking and finance in Poland in 2025.

ZSP Advokati Partner Jelisaveta Stanisic talks about banking and finance in 2025 in Serbia.

ACI Partners  Legal Manager Carolina Parcalab talks about competition in Moldova in 2025.

Nestor Nestor Diculescu Kingston Petersen Partner Anca Diaconu talks about competition in Romania in 2025.

Actecon Knowledge Counsel Hanna Stakheyeva talks about competition in Turkiye in 2025.

Redcliffe Partners Partners Denys Medvediev and Yuriy Terentyev talk about competition in Ukraine in 2025.

Hristov & Partners Partners Pavel Hristov and Dragomir Stefanov talk about M&A in Bulgaria in 2025.

Drakopoulos Senior Associate Sofia Angelakou talks about M&A in Greece in 2025.

Forgo, Damjanovic & Partners Partner Zoltan Forgo talks about M&A in Hungary in 2025.

Vernon David Partners Sergiu Bivol and Roman Ivanov talk about M&A in Moldova in 2025.

Avellum Managing Partner Mykola Stetsenko talks about M&A in Ukraine in 2025.