Callander Fund - Central Europe & Callander Fund South Eastern ...
Callander Fund - Central Europe & Callander Fund South Eastern ...
Callander Fund - Central Europe & Callander Fund South Eastern ...
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What makes us optimistic ?<br />
• CEE and SEE on the verge of taking the next step of convergence.<br />
• Can they take the right lessons from the crisis?<br />
• Privatization opportunities could lead to efficiency gains.<br />
• CEE and SEE as a whole will continue to grow faster than Western <strong>Europe</strong>.<br />
• EU is highly committed committed, not only to the periphery periphery.<br />
• External competitiveness (measured as increase of share of exports to EU) is<br />
increasing increasing.<br />
• External imbalances negligible compared to 2007/08.<br />
• Capital inflows appear much healthier than before the crisis.<br />
• Valuation discount to other Emerging Markets.<br />
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