The Russian Bear Hasn't Mauled Central Europe
From Malaysia to Brazil, markets and currencies are still quaking from the effects of Russia's mid-August financial collapse. But the emerging-market region closest to Russia--Central Europe--seems to be taking it all in stride. Despite a slump in the Warsaw, Prague, and Budapest stock markets, the worst may be over. "There's no need to run out and buy sugar and flour," says Bohdan Wyznikiewicz, a director of the Gdansk Institute for Market Economics in Poland. "We are not very touched by this crisis."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This $14 Million Atlanta Home With Bunker Is ‘Safest in America’
- These Cities Make NYC Housing Look Dirt Cheap
- GE's New CEO Vows Sweeping Change After ‘Unacceptable’ Report
- Separatists Pledge to Fight On After Spain Moves to Oust Catalan Leaders
- Greenwich Mansion Listings Pulled to Wait for a Better Day