Former Soviet republics out of the worst of the crisis
The chief economist of the European Bank for Reconstruction and Development Erik Berglof said today that former Soviet-bloc countries can hardly be expected to seriously revive the economy, but that these countries have managed to avoid the worst economic crisis AFP forward, cited by BGNES.
"This year a number of economies will shrink some - many, and the region as a whole. There are signs that the situation has stabilized, but the outlook is for slow recovery and worst-case scenarios are avoided, Berglof to indicate the session of the General Assembly EBRD in London.
He also noted that the West turned its back on eastern neighbors. Be withdrawn from the region capital, though it is less affected than other markets, the economist added.
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