Management Board Member and CFO @ESM_press | Chair CFO Community @WEF | Executive in Residence @IMD_Bschool | Research @UvA_Amsterdam | Council Member @ECFR
โEurope is the quiet outperformerโ
That was my main message at the 51st Annual @jpmorgan Central Bank Seminar in New York ๐ฝ, followed by a fireside chat with Nicholas Steenbergen.
Full slide deck: https://t.co/iXaSRODahe
Great news keeps coming!
Bulgariaโs parliament adopted the ESM Treaty with 95% support. 189 out of 199 MPs voted in favour.
The key democratic step toward full ESM membership after joining the euro in January.
Congratulations to Bulgaria. A great day for European integration!
Today marks another important milestone in Bulgariaโs path towards ESM membership.
A large majority in the Bulgarian National Assembly voted in favour of the ESM Treaties.
I look forward to welcoming Bulgaria as the ESMโs 21st Member in the coming weeks!
@ESM_Press
Wow - Bulgaria ๐ง๐ฌ๐ช๐บ
After Schengen last year, joining the Euro this year.
Now winning ๐ฅ the @Eurovision for the first time in history.
Daraโs โBangarangaโ just made history in Vienna.
Proud!
Today ESM MD @pierregramegna welcomed Ambassador of the Republic of Bulgaria, Natalia Uzunova, to the ESM, alongside ESM COO Yana Djoneva and ESM CFO, @kaanev. Discussions focused on recent developments in Bulgaria.
#ESMeuro
๐ท: @peterlindmark
Honored to speak at the Leaders Breakfast of @LuxembourgSE, at invitation @JBeckerLuxSE.
Met a brilliant team across prospectus, analytics, tech, compliance and more.
My focus: how the @ESM_Press operates as a AAA issuer and our capital strength.
๐ for the great event!
Happy Kingsday! ๐ณ๐ฑ๐งก
Baked Dutch pancakes ๐ฅ at the Dutch Section of the European School, joined the market and games, and wrapped up at the @NLinLuxembourg with Ambassador @carinatwork and Deputy @KuileLiz.
Great celebrations.
Long live the King! ๐
The European Stability Mechanism ensures financial stability of the euro area by acting as its safety net and lender of last resort.
๐๐๐ ๐ฑ๐ผ ๐๐ผ๐ ๐ธ๐ป๐ผ๐ ๐ต๐ผ๐ ๐๐ต๐ฒ ๐๐ฆ๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ต๐ถ๐?
It raises money on the capital markets on behalf of its members, the euro area countries. Thanks to very strong financial backing, over โฌ80โฏbillion in paidโin capital and more than โฌ600โฏbillion in callable capital, the ESM enjoys the highest possible credit rating.
๐๐ฐ๐ฟ๐ผ๐๐ ๐๐ต๐ฒ ๐ด๐น๐ผ๐ฏ๐ฒ, ๐ฎ๐ฟ๐ผ๐๐ป๐ฑ ๐ญ,๐ด๐ฌ๐ฌ ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ๐ ๐๐ฟ๐๐๐ ๐๐ต๐ฒ ๐๐ฆ๐ . Their confidence allows the institution to borrow at very favourable terms and to be ready to support euro area countries when needed.
For the first time, we share with you behind the scenes of the ESMโs CFO department. The Funding and Investor Relations teams work every day to raise funds smoothly, maintain strong investor trust, and stay closely connected to financial markets worldwide.
๐ฅ Watch the video to see how the ESM listens to ๐ฒ๐๐ผ๐น๐๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ ๐ป๐ฒ๐ฒ๐ฑ๐, how this shapes its ๐ถ๐๐๐๐ฎ๐ป๐ฐ๐ฒ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐, and how it stays closely connected to ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐, all in support of euro area financial stability.
#ESMeuro
๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐๐ผ๐ฟ๐ธ ๐ผ๐ป ๐๐ฟ๐๐๐
ย
Clear communication and credibility are key to our work. Because in capital markets, trust is everything.
ย
๐ฅ Watch the video to learn more about the work of the CFO team: https://t.co/vWllOCOWXR
ย
#ESMeuro@ESM_Press
๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐๐ผ๐ฟ๐ธ ๐ผ๐ป ๐๐ฟ๐๐๐.
The ESM is a major issuer in the capital markets. It benefits from the best possible credit rating: AAA. This is because its paid-in capital is over โฌ80 billion and its callable capital over โฌ600 billion.
As a ๐น๐ฒ๐ป๐ฑ๐ฒ๐ฟ ๐ผ๐ณ ๐น๐ฎ๐๐ ๐ฟ๐ฒ๐๐ผ๐ฟ๐ in the ๐ฒ๐๐ฟ๐ผ ๐ฎ๐ฟ๐ฒ๐ฎ, the ESM issues bonds to help its Members prevent or overcome crises.
Maintaining a close and continuous dialogue with its investors remains an essential part of the ESMโs approach to funding: these conversations help to understand ๐ฒ๐๐ผ๐น๐๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ ๐ป๐ฒ๐ฒ๐ฑ๐, shape the institutionโs ๐ถ๐๐๐๐ฎ๐ป๐ฐ๐ฒ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐, and ensure its stays closely ๐ฐ๐ผ๐ป๐ป๐ฒ๐ฐ๐๐ฒ๐ฑ ๐๐ผ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐. Across the globe, the ESM has about 1,800 investors.
The strength of the ESM is to build ๐๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ in times of volatile markets. Staying flexible, responsive to markets, and closely aligned with investor demand, is key.
Afterall, in capital markets, ๐๐ฟ๐๐๐ ๐ถ๐ ๐ฒ๐๐ฒ๐ฟ๐๐๐ต๐ถ๐ป๐ด.
๐ฅ Watch below to learn more.
#ESMeuro
Happy ๐ง๐ฌ National Day, Bulgaria!
We celebrated marking three milestones:
1๏ธโฃ Bulgariaโs Liberation Day (3 March 1878)
2๏ธโฃ Baba Marta & spring renewal with martenitsi (1 March)
3๏ธโฃ Bulgariaโs two strong months in the euro since 1 Jan 2026 โ looking ahead to a bright future!
Upon popular request โ here is my Ted-like 8โminute opening speech ๐ค at the OLFY - Official Opening of the Luxembourg Financial Year
โจ My personal story of moving to Luxembourg and ๐๏ธ Five key messages for the year ahead
Catch the event atmosphere:
https://t.co/PaGz190onI
Great to join @CarolinRothTV@CNBC this week from London ๐ฌ๐ง
We spoke about how Europe started 2026 in a successful way. But also the work that needs to be done.
Read and watch it here: https://t.co/3gbbsSMv7r
We hosted @RikRutten@nrc ๐ณ๐ฑ in our @ESM_Press trading room in Luxembourg. His piece: https://t.co/2nMVdgGswU
Key points: strong 2026 market open, rising demand for euro & European safe assets, ESMโs role in stability, and Europeโs path to strategic autonomy.
๐ช๐บ๐ช
๐ช๐ต๐ ๐ฑ๐ถ๐ฑ ๐๐๐ฟ๐ผ๐ฝ๐ฒ ๐ฎ๐ป๐ฑ ๐๐ฆ๐ โ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐๐ฒ๐ฑ ๐ฐ๐ผ๐๐ป๐๐ฟ๐ถ๐ฒ๐ ๐ผ๐๐๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ ๐ด๐น๐ผ๐ฏ๐ฎ๐น๐น๐ ๐ถ๐ป ๐ฎ๐ฌ๐ฎ๐ฑ?
ESM CFO @kaanev joined Andrew Keith Walker for a fireside chat at @Clearstream@EurexGroup@DeutscheBoerse Group's Central Bank & Sovereign Wealth Fund Forum at the #GFFSummit 2026.
๐๐ฒ๐ ๐๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฐ๐ผ๐ป๐๐ฒ๐ฟ๐๐ฎ๐๐ถ๐ผ๐ป:
๐๐๐ฟ๐ผ๐ฝ๐ฒ๐ฎ๐ป ๐ฒ๐พ๐๐ถ๐๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐ผ๐๐๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฒ๐ฑ ๐๐ต๐ฒ ๐จ๐ฆ ๐ถ๐ป ๐ฎ๐ฌ๐ฎ๐ฑ, with strong advances across major indices and sectors.
๐ง๐ต๐ฒ ๐ฒ๐๐ฟ๐ผโ๐ ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐ฎ๐ฝ๐ฝ๐ฒ๐ฎ๐น ๐ฐ๐ผ๐ป๐๐ถ๐ป๐๐ฒ๐ฑ ๐๐ผ ๐ฟ๐ถ๐๐ฒ, with record volumes of euroโdenominated issuance from nonโeuro countries and growing foreign investment in euro area sovereign bonds.
๐๐๐ฟ๐ผ๐ฝ๐ฒ๐ฎ๐ป ๐๐ฎ๐ณ๐ฒ ๐ฎ๐๐๐ฒ๐๐ ๐ฟ๐ฒ๐ฎ๐ฐ๐ต๐ฒ๐ฑ โฌ๐ญ.๐ฐ ๐๐ฟ๐ถ๐น๐น๐ถ๐ผ๐ป, effectively making them Europeโs fifth largest issuer category.
๐๐ฆ๐ โ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐๐ฒ๐ฑ ๐ฐ๐ผ๐๐ป๐๐ฟ๐ถ๐ฒ๐ ๐๐๐ผ๐ผ๐ฑ ๐ผ๐๐ ๐ด๐น๐ผ๐ฏ๐ฎ๐น๐น๐. Portugal, Ireland, Spain and Greece benefited from solid fundamentals, renewed market confidence, rating upgrades and tighter spreads. ๐๐ฉ๐ฆ ๐๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ด๐ต ๐ณ๐ข๐ฏ๐ฌ๐ฆ๐ฅ ๐ต๐ฉ๐ฆ๐ด๐ฆ ๐ฆ๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ฆ๐ด ๐ข๐ฎ๐ฐ๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅโ๐ด ๐ฃ๐ฆ๐ด๐ตโ๐ฑ๐ฆ๐ณ๐ง๐ฐ๐ณ๐ฎ๐ช๐ฏ๐จ ๐ช๐ฏ 2025, ๐ฃ๐ข๐ด๐ฆ๐ฅ ๐ฐ๐ฏ ๐ง๐ช๐ท๐ฆ ๐ช๐ฏ๐ฅ๐ช๐ค๐ข๐ต๐ฐ๐ณ๐ด: ๐ช๐ฏ๐ง๐ญ๐ข๐ต๐ช๐ฐ๐ฏ, ๐ช๐ฏ๐ง๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐ฃ๐ณ๐ฆ๐ข๐ฅ๐ต๐ฉ, ๐๐๐ ๐จ๐ณ๐ฐ๐ธ๐ต๐ฉ, ๐ฆ๐ฎ๐ฑ๐ญ๐ฐ๐บ๐ฎ๐ฆ๐ฏ๐ต ๐ข๐ฏ๐ฅ ๐ด๐ต๐ฐ๐ค๐ฌโ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต ๐ฑ๐ฆ๐ณ๐ง๐ฐ๐ณ๐ฎ๐ข๐ฏ๐ค๐ฆ.
๐๐๐น๐ด๐ฎ๐ฟ๐ถ๐ฎ ๐ท๐ผ๐ถ๐ป๐ฒ๐ฑ ๐๐ต๐ฒ ๐ฒ๐๐ฟ๐ผ ๐ฎ๐ฟ๐ฒ๐ฎ ๐ถ๐ป ๐ฒ๐ฎ๐ฟ๐น๐ ๐ฎ๐ฌ๐ฎ๐ฒ, reinforcing trust in the euro.
๐๐๐ฟ๐ผ๐ฝ๐ฒ ๐ถ๐ ๐ฟ๐ฒ๐ด๐ฎ๐ถ๐ป๐ถ๐ป๐ด ๐บ๐ผ๐บ๐ฒ๐ป๐๐๐บ ๐ถ๐ป ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐, ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐๐ฒ๐ฑ ๐ฏ๐ ๐๐๐ฟ๐ผ๐ป๐ด ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ, ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ ๐๐ฟ๐๐๐ ๐ฎ๐ป๐ฑ ๐ฟ๐ถ๐๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฒ๐๐ฟ๐ผ.
๐ See the slides for more: https://t.co/SJiCMjctCj
My Davos๐จ๐ญhighlight: @wef CFO gathering right after @realDonaldTrumpโs address.
CFO strategy and AIโhow it is already transforming finance, data, and the workforce. Two years ago AI felt new; today every CFO is actively deploying it.
We are at the start of a seismic shift!
First impressions #WEF26 Davos๐จ๐ญ
๐AI is everywhere: from emerging to essential in just 2 years
โ ๏ธTop risks: Geoeconomic conflict #1 short-term; climate & biodiversity long-term.
๐ช๐บEurope: Step up on competitiveness, defence & finance โ now!
More on @wef#CFO community soon๐