Austria continues to be a great way to invest in Eastern Europe. Austrian banks are financing the boom in Eastern Europe and iShares Austria (EWO – News) is about the only way to get in on the uptrend without buying foreign stocks on overseas exchanges or ADRs (American Depositary Receipts). Last year EWO was up 73.1% and so far this year it is up 18.4%.
In a recent trip to Slovakia one can see the explosion of growth. Labor costs are 1/5th of "Old Europe". The people are highly educated, young and full of desire to work. Telecommunications, transportation, banking, retail and manufacturing is booming. Stocks sell at a 30% discount valuation to their US counterparts.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.