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.
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