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Investing in Central and Eastern Europe

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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