With a strong start to the year in many Eastern European markets, fund managers are fairly bullish on...
With a strong start to the year in many Eastern European markets, fund managers are fairly bullish on the outlook for selected markets in the region. Hungary in particular has seen its stock market reach record highs in early-2000, with the BUX Index at 9858.10 on 17 January. Robin Geffen, manager of the Orbitex Eastern Europe fund, is particularly keen on markets aiming to enter the EU. He says: "Our favourite among the larger markets in this category is Hungary. Interest rates are coming down, with two cuts already this year bringing rates down from 14.25% at the end of 1999 to 12.25%....
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