CEE: Economy Could Become More Vulnerable to Crimea Crisis

Politics ♦ Published: April 2, 2014; 17:04 ♦ (Vindobona)

If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.

Central and Eastern Europe (CEE) have up to now appeared unimpressed by the political crisis in Ukraine. / Picture: © Vindobona.org

According to Friedrich Mostböck, chief analyst at Erste Group, the political crisis in Crimea will also become noticable in an economic regard even if the sanctions will not become tougher. The political crisis in Ukraine has not yet affected the economic development in Europe. However, if it will continue it will definitely have effects on the economy, Mostböck stressed.

In an…