According to today’s BusinessWeek, Komerční banka the only publicly-traded Czech bank is advising clients to buy shares in the U.S., France and Germany as Prague Stock Exchange trading wanes and the benchmark index posts Europe’s worst slump after Cyprus.
A bit of a downer for Prague, but equally could follow on for the Warsaw-Vienna stock exchanges. Guess it illustrates how New Europe needs new approaches and Warsaw SE needs to stay focussed on its unique advantages in the region.
Roger Aitken for Best Execution.
