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CESEE Region Still Has Enormous Growth Potential

Published: February 20, 2013; 12:10 · (Vindobona)

“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.

CESEE Region Still Has Enormous Growth Potential / Picture: © Flickr

Since the fall of communism Central and Eastern Europe has become a textbook example of economic convergence through integration into the EU. However, the financial crisis has put a brake on this process. Erste Group’s special report “Convergence 2.0” published today finds that growth drivers are intact, but over the next decade CEE will have to move from a classical catching up…

This article includes a total of 588 words.

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