In the context of challenging world economic situation and deep economic crisis in the eurozone, the Central and Eastern European countries have shown positive economic performance. Over the last10 years the growth rate of economies in Central and Eastern Europe regularly exceed the growth rate of the world economy. This shows good potential for economic growth and investment prospects. However, the crisis has proved that strong dependence on outside sources of funding can do much harm to economies. It is necessary to create stable domestic debt markets and diversify investment flows for a more sustainable development. The intensification of intra-regional investment flows, mutually beneficial economic cooperation and exchange of experience between the Central and Eastern European countries might become stabilizing factors in the face of precarious world economy.
Ekaterina Trofimova, First Vice President, Member of the Management Board of Gazprombank
In the context of challenging world economic situation and deep economic crisis in the eurozone, the Central and Eastern European countries have shown positive economic performance. Over the last10 years the growth rate of economies in Central and Eastern Europe regularly exceed the growth rate of the world economy. This shows good potential for economic growth and investment prospects. However, the crisis has proved that strong dependence on outside sources of funding can do much harm to economies. It is necessary to create stable domestic debt markets and diversify investment flows for a more sustainable development. The intensification of intra-regional investment flows, mutually beneficial economic cooperation and exchange of experience between the Central and Eastern European countries might become stabilizing factors in the face of precarious world economy.