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Eastern Europe Needs Investors

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RIGA, Latvia(22 May 2000)–Eastern European countries need to attract more foreign investors, following the example set by Poland, the Czech Republic and Hungary. This was the opening statement of Ricardo Lego, head economists at the Eastern European Bank (EBRD) at its ninth annual meeting in Riga. Sixty countries are participating in the two-day conference, which […]

RIGA, Latvia(22 May 2000)–Eastern European countries need to attract more foreign investors, following the example set by Poland, the Czech Republic and Hungary. This was the opening statement of Ricardo Lego, head economists at the Eastern European Bank (EBRD) at its ninth annual meeting in Riga. Sixty countries are participating in the two-day conference, which will end today. The EBRD plans to invest approximately US$320 million in the next two years for large Eastern European cities. (JW)

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