WOOD Flash – Russia macro: no change of strategy
On the coronavirus front, the data show that cases of the virus remain on the rise in Russia, with 3.1m tests done in the country so far, equal to above 20,000 tests per million people, and 2.9% positive cases out of the total number of tests done (which can be compared, for example, to the United States’ 17,000 tests per million people, but with 18% positive cases of the total tests done). The daily increases in cases now range between 5-15%, with the latest data point, on 27 April, showing an 7.7% increase which brought the total cases to 87147. This overall risky outlook has pushed the government to adopt a gradual extension of the lockdown, beginning in the coming weeks. As of now, there is talk in the media about the extension of the lockdown to mid-June, and schools may not restart until September.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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