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June 26, 2015
Central & Eastern Europe (CEE) increased sharply in the decade up to 2013, prior to a significant decline in 2014 and Q1 2015 against the backdrop of the Russia crisis. In terms of size the market is small in an international comparison, and concentration in certain countries and sectors is large. Macro stability and adequate legal rights are important factors for market development, and a large and diversified source of demand is a key ingredient. Pension system counter-reforms in CEE may be counterproductive in this respect. [more]
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