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Investing in Central and Eastern Europe

Inside this issue
• Once-popular foreign currency mortgages are now causing headaches for some banks and their customers
• Hungary’s auto sector quietly goes on growing – carmaking accounts for 10% of GDP - -
Content
Region’s storm proofing much improved
The fiscal and trade imbalances that were a weakness in 2008 have been largely repaired
Innovation: Skills attract attention of big IT businesses
Low research and development spending has held back development, says Jan Cienski
Polish shipyards: Gdansk workforce takes a tilt at windmills
New owners are diversifying the business, says Jan Cienski
Power: Local utilities will do the lion’s share
Foreign groups are beating a retreat, writes Jan Cienski
Manufacturing: Hungary’s auto sector quietly goes on growing
Carmaking accounts for 10% of GDP. Kester Eddy considers three big investments
Banks: Neither a forex borrower nor a lender be
Once-popular foreign currency mortgages are causing headaches for some banks and their customers, note Jan Cienski and Neil Buckley
Profile: State imposes hard times on Egis
Kester Eddy on how a Hungarian generic drugs company deals with tough rules
Czech viticulture: Palava creates a stir in winemaking circles
But local demand means that there is little left to export, says Kester Eddy
Profile: Malgorzata Chechlinska’s unconventional take on tourism
Jan Cienski meets a Polish hotelier

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