Emerging Europe business outlook edges up

VIENNA Wed Feb 6, 2013 1:32pm IST

VIENNA (Reuters) - The business climate in emerging Europe ticked higher in January for the first time since April as business investors turned more upbeat about the economic outlook in the region, a survey showed on Wednesday.

The OeKB Central and Eastern Europe Business Climate index of around 400 Austria-based direct investors edged up to 17 points, from 14 in October, returning to the level last seen in mid-2012.

Investors were more bullish about prospects for economic developments in nine of the 12 countries surveyed, with the biggest gains coming in Russia, Romania and Poland over the next 12 months, the report found.

It said investors were more upbeat about the outlook for Romania, where political stability rose after elections in December, than for Bulgaria, which elects a new parliament only later this year.

Russia and Poland had the best business climate readings, while Hungary remained in last place despite an improved reading of minus 2.

Slovenia showed the sharpest increase, gaining 12 points to positive 7, after swinging down 14 points in the previous survey, when investors had expected a sharp deterioration in the euro zone country's economic situation.

(Reporting by Michael Shields. Editing by Jeremy Gaunt.)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage