CE markets only little changed after a referendum in Crimea and its annexation by Russia
Hungarian Constitutional Court says FX loan contracts may be modified by legislative means
Like other emerging markets Central Europe shrugged-off news about results of a referendum in Crimea and further steps towards of the full annexation of the Black Sea peninsula by Russia. Actually, there has been some kind of relief in terms of the related risk aversion as sanctions imposed by the U.S. and EU appeared only modest. So there is a little threat that the recent tensions will lead to a trade war between Russia and the EU, which would be very harmful for all CE economies.
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