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Market turmoil has mixed impact on Eastern Europe

Simon Osborne
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.
Market turmoil has mixed impact on Eastern Europe

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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