Market turmoil has mixed impact on 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.
Economically, a number of the ex-Soviet republics have taken their pain, and bounced back, says Peter Elam Håkansson, chairman and chief investment officer of East Capital. Turkmenistan leads the way with 10% growth last year and anticipated 8% growth this year. Uzbekistan, Kazakhstan and Tajikistan are all estimated to post 5-6% growth this year.
The further west you go, national growth slows as one gets nearer to Europe, with contagion still playing out. Poland and Slovakia, the…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.