Central Europe's Bourses Seek to Cooperate

While often resisting mergers, exchanges from Vienna to Bratislava see growth -- and key capital for local companies-- in pooling efforts

As Western European stock markets struggle to form alliances, another bourse consolidation story has quietly been unfolding further to the East. The Wiener Borse, the Vienna Stock Exchange, is leading an effort to create some coherence in Central European and Balkan share trading. If the drive succeeds, investors will get better access to some of the best-performing stock markets in the world. And companies in countries such as Hungary, the Czech Republic, and Romania will get better access to the capital they need to expand outside national borders.

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