News Analysis: Investors look to Eastern Europe

As Eastern European markets open, more investors are turning their view to opportunities in the form...

As Eastern European markets open, more investors are turning their view to opportunities in the former communist bloc. On 17 October, EU foreign ministers formally endorsed a recommendation that Romania and Bulgaria join the EU on 1 January 2007, a year early. The recommendation is the EU's second wave of enlargement into ex-communist Eastern Europe, securing the two countries’ stability and boosting their growing economies. Croatia and Turkey are expected to be the next countries to join the European family, possibly by the end of the decade. Bernard Moody, global emerging markets ...