Institutional investors from the country are facing a new set of challenges as they hunt for commercial real estate investments in the emerging markets of Eastern Europe.
The ex-Soviet republics have bounced back and there's hope Russia's WTO accession will stir investments. But the closer you go to Europe, the worse it gets, says East Capital CIO.
Kazakhstan, Russia and Turkey are very interesting markets, but the Balkans and Baltics won't offer opportunities any time soon, says Stefan Herz of Charlemagne Capital.
But the country's debt problems are certainly not as bad as those in Greece, says portfolio adviser Stefan Herz in the first of a two-part Q&A.
The firm's co-chief investment officer, Julian Mayo, outlines the benefits of investing in Russia, Turkey and Eastern Europe.