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Eastern Europe: The New Safe Haven?

  • Hungary Needs to Bring Predictability: US Ambassador Thursday, 29 Sep 2011 | 1:27 AM ET

    Hungary's government is taking steps to pull the country out of the difficult economic conditions it still faces but needs to ensure predictability, Eleni Tsakopoulos Kounalakis, US Ambassador to Hungary, told CNBC.com.

  • Banks, Analysts Slam Hungary's 'Disaster' Loan Law Thursday, 29 Sep 2011 | 9:46 AM ET
    Budapest, Hungary

    Hungary's decision to help its citizens pay back the foreign exchange loans they took at the height of the economic boom a few years back has sparked outrage among banks and spooked foreign investors.

  • Slovak PM Hopes for Bailout Fund Vote Mid October Monday, 3 Oct 2011 | 12:49 AM ET
    European Central Bank

    Slovakia's parliament may vote on the expansion of the euro zone's bailout fund as soon as mid October, but the risk of a Greek default is still possible, Slovak Prime Minister Iveta Radicova told CNBC in an interview in Bratislava.

  • Investors Are Courting the Former 'Ugly Ducklings' Sunday, 25 Sep 2011 | 8:10 PM ET
    Poland

    Central and Eastern Europe have been known as a turbo-charged version of Western Europe: when Western economies merely grow, the Eastern European ones boom. When things are bad in the West, they're awful in the East.

  • Mark Mobius: Investment Strategy for Eastern Europe Sunday, 25 Sep 2011 | 8:19 PM ET
    Markl Mobius, Executive Chairman of Templeton Emerging Markets

    Central and Eastern Europe is still a place where investors can make money but they have to choose their sectors and stocks carefully, emerging markets specialist investor Mark Mobius told CNBC.com in an interview.

  • Czech Republic: 'Switzerland of Eastern Europe' Sunday, 25 Sep 2011 | 8:20 PM ET

    With the Swiss National Bank setting a ceiling for the Swiss franc's appreciation against the euro, the need for new safe havens has become acute, and the Czech Republic, with its strong economy and stable currency, is emerging as a contender.

  • A logo of Hungarian Natianal Bank (Magyar Nemzeti Bank, MNB) is seen on the wall of the MNB's headquarter in Budapest on July 19, 2010. Fruitless talks with the International Monetary Fund on access to a crucial loan package put pressure on the Hungarian forint, with analysts warning of further uncertainty in coming months. Economy Minister Gyorgy Matolcsy insisted however that the "talks did not break down but they have been suspended. AFP PHOTO / ATTILA KISBENEDEK (Photo credit should read ATT

    Hungary's government has raised a lot of eyebrows among investors since it came to power in May 2010.

  • Poland's Miracle Growth Predicted to Slow   Sunday, 25 Sep 2011 | 8:22 PM ET
    Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    Poland faces parliamentary elections on Oct. 9, but any new government will have to show restraint in spending public money, analysts said.

  • The Euro and Cars Put Slovakia on the Map Sunday, 25 Sep 2011 | 8:22 PM ET
    UNSPECIFIED - FEBRUARY 07: Cathedral in a city, St. Martin's Cathedral, Bratislava, Slovakia (Photo by DEA / W.BUSS/De Agostini/Getty Images)

    Slovakia is now, together with the Czech Republic, considered a  relative safe haven, more so than many other countries, both in Central and Eastern Europe and in the euro zone.

  • Bail Out Greece? Many Slovaks Don't Like the Idea Monday, 3 Oct 2011 | 3:21 AM ET

    With only two countries apart from Slovakia left to approve the extension of the euro zone's bailout fund, all eyes are on the Eastern European nation of around 5 million people who are not keen on helping richer Greece. 

  • Why Poland Is Falling Out of Love With the Euro Tuesday, 27 Sep 2011 | 12:47 AM ET
    A tramway pass in the center of Warsaw on June 8, 2011. Poland and Ukraine will co-host the 2012 European Football Championship.

    Analysts are skeptical now that the euro would be such a good idea, even if ordinary Poles are still optimistic.

  • Foreigners in Markets May Be Poland's Next Problem Tuesday, 27 Sep 2011 | 12:57 AM ET
    Warsaw's Castle Square

    Some analysts have dubbed Central and Eastern Europe a safe haven – due to relatively low risk, because the countries have reformed, and relatively high yields, as they are still seen as emerging markets – but the risks are increasing.

  • Why Poland Is Falling Out of Love With the Euro Tuesday, 27 Sep 2011 | 2:51 AM ET
    A tramway pass in the center of Warsaw on June 8, 2011. Poland and Ukraine will co-host the 2012 European Football Championship.

    Analysts are skeptical now that the euro would be such a good idea, even if ordinary Poles are still optimistic.

  • Fear of another downturn in the world economy lurks behind the smiles and relaxed atmosphere; the Czech Republic is heavily reliant on exports to the euro zone, especially Germany, for its economic growth.

  • Safe Haven Status 'Dangerous': Czech Deputy Minister Wednesday, 28 Sep 2011 | 1:32 AM ET

    Martin Tlapa, Deputy Minister, Ministry of Industry and Trade of the Czech Republic told CNBC.com in an interview in Prague that the "safe haven" label looks rather scary for a small, open economy that needs a stable exchange rate to function properly.

  • Debt 'Public Enemy No.1' to Hungary: Minister Wednesday, 28 Sep 2011 | 7:31 AM ET
    Hungary

    Since it was elected last year, Hungary's government has aggressively aimed to cut the country's debt burden, through raising taxes and nationalizing private pension assets, amongst other measures.

  • CEE Is 'Turbo-Charged Western Europe': Strategist Wednesday, 31 Aug 2011 | 4:08 AM ET
    Poland

    Worries about Western Europe have spilled into countries in Central and Eastern Europe and the region's fate is tightly linked to that of its main exporting market, Wike Groenenberg, head of CEEMEA strategy at Citi, told CNBC on Wednesday.

  • Euro Collapse Could Lead to War: Polish FinMin Friday, 16 Sep 2011 | 5:08 AM ET
    A tramway pass in the center of Warsaw on June 8, 2011. Poland and Ukraine will co-host the 2012 European Football Championship.

    A collapse of Europe's monetary union would likely lead to a breakup of the European Union as a whole, posing significant risks to the region and even raising the possibility of war in the long term, Poland’s Finance Minister told CNBC.

  • Leaderless Slovenia Unlikely to Delay EFSF Vote Thursday, 22 Sep 2011 | 2:46 AM ET
    EU building flags brussels

    Slovenia's minority government has collapsed after a no-confidence vote and this could further complicate the passage of legislation to scale up and enhance the European Financial Stability Facility (EFSF), a key element of the euro zone's crisis response.

  • Greece? Does Anyone Care East of the Danube? Wednesday, 28 Sep 2011 | 5:43 AM ET

    I've been to three European countries in three days and have not seen one newspaper headline on Greece, or the debt crisis. In fact, the topic when raised elicits yawns.

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