Hungary, Poland and Turkey dominate in Eastern Europe once Russia has been taken out of the equation...
Hungary, Poland and Turkey dominate in Eastern Europe once Russia has been taken out of the equation, although Hungary is the only market finding real favour with fund managers. Polish valuations are attractive but just how long it will take for an earnings recovery is not clear, according to Ghadir Abu-Leil Cooper, emerging Europe specialist at Barings. Nine months into its term in office, the socialist government has failed to regenerate the economy. Problems surrounding the 2002 and 2003 fiscal budgets have led to the surprise resignation of finance minister Marek Belka. Meanwhile,...
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