Morgan Stanley, an investment bank, lists Ukraine among most attractive investment destinations

In its latest analytical report on companies working on the property market in Central and Eastern Europe, Morgan Stanley, an investment bank included Ukraine in its list of most attractive investment destinations.

Among other attractive countries, Morgan Stanley listed Russia, Croatia and Serbia.

In contrast to businesses in Central Europe, where the bank has recommended selling the stock of some companies, Morgan Stanley has distinguished a number of companies from Eastern Europe, especially in Ukraine and Russia. The Eastern European market has been gaining more serious attention from investors by showing potential for growth, thanks to capitalization levels that are approaching western European levels and relatively modest revenues among the main countries in Central Europe.

Analysts also noted that the economies of Russia, Ukraine and, to a lesser extent, Poland and the Czech Republic would be less affected by the global economic slowdown because of the continuing expansion of domestic demand.

The report also says that certain companies in Eastern Europe, including XXI Century, AFI Development, GTC and RGI, have dominant positions on their markets with potential for further expansion and are continuously improving their standards for disclosure of information.

The report was published in March and covers the main trends in this region that will affect company growth over 2008.

Source:  www.21.com.ua