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"The economies of central Europe are starting to see the light at the end of the tunnel, but Romania will not be at the front of the queue for foreign investment" reports Capital in its 13 August edition. Just like Bulgaria and the Baltic states, Romania is "paying the price for adopting crisis measures too late and for its huge imbalance of supply and demand."
The economy weekly quotes a report by the Deloitte consulting firm, who claim that European investors are ready to reinvest in emerging countries but are going to put Poland, the Czech Republic, Hungary and Slovakia first: the three first countries have boosted investor confidence, the latter has benefited from converting to the euro. It is a "surprising conclusion" since Romania, Bulgaria and the Baltic states had long since been the favourites amongst investors. That is the reason why "Romania shall not see the return of investment in the east before 2010" concludes Capital.
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
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