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The Language of Finance: Stocks, Bonds and Investments

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The Language of Finance: Options, Futures and Commodities

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Finding a Broker for an Eastern European Exchange


To buy or sell stocks, bonds, futures, options or other securities, you need to place an order through a third party that can transact business with the exchange where the security is traded. The primary option would be to find a broker, investment advisor or exchange member that is authorized to place trades on an Eastern European exchange.

A stock broker or commodity broker could be local to where the exchange is located, outside of the country where the exchange is located or it could even be an online trading platform. Dependent upon where you want to invest, it may be challenging to understand your trading options so it is helpful to utilize a broker listing resource to know what your best options may be.

Our broker listing resource is country specific to where the exchange is located. There are brokers, investment advisors and trading platform options for Eastern European exchanges in Albania, Belarus, Bosnia Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Ukraine.

To learn more about which brokers have the ability to trade in each country, click on a country link above to begin your search.


Why Invest in Eastern Europe


Economics


In 2017, gross domestic product (GDP) growth for Eastern Europe is expected to reach 2.5%, which is an increase from earlier forecasts. In addition, expectations for 2018 are expected to reach 2.6%, which is also higher than originally forecast. The strong growth expectation is due to several factors, which include stronger than expected external demand, a tighter employment market, an appealing environment for foreign direct investment (FDI), government stimulus, easy financing conditions and a renewal of European Union (EU) structural funds.

The strength of external demand is the result of an improving economic situation in Western Europe. Economic growth amongst EU nations was double the United States in the first quarter of 2017. Germany, a leading EU member, experienced strong growth, which is important to the Eastern Europe region as more than 60% of its exports goes to the EU with Germany being the top market.

Unemployment rates in Poland, Czech Republic and Romania are all below the European average. This is largely due to growth in economic activity but also due to an older workforce exiting the labor market and a limited number of young people entering the labor market. The labor shortages are helping to increase wages, which supports domestic demand. Wage increases are not a large concern at present as Eastern European countries remain largely competitive in terms of wage cost, which makes it an attractive destination for FDI.

Romania is forecast to be the region’s fastest-growing economy this year, with an expected growth of 4.6%. Poland and Slovenia are also expected to achieve fast growth of over 3.6%. At the other end, the Czech Republic and Estonia are expected to achieve growth of 2.9%, which is at the high end of an ideal GDP growth range.


Romania


The Romanian economy is on track to reach new heights. A recently installed government is doing everything it can to drive output by pushing through a series of procyclical measures, such as public-sector wage increases and tax breaks. The economy should record a year of robust growth, even with the increasing risks of overheating.


Czech Republic


The Czech economy is also growing at a robust rate, supported by favorable external demand and strong domestic spending. A rebound in fixed investment as well as a strong employment and wage situation has stimulated domestic spending.


Hungary


It appears that 2017 is becoming a strong year for the Hungarian economy as it is being supported by ambitious procyclical policies and a resumption of EU investment funding. Hungary’s economic outlook is bright as loose monetary conditions, a minimum wage increase, tax cuts, increased inflows of EU funds and a solid labor market are expected to boost economic growth this year.


Russia


The Russian economy has improved despite many challenges that include low oil prices and economic sanctions. While sanctions would generally hurt confidence in the country and, sub-sequentially, investment in the economy, it appears that it may not severely impact the recovery. Trade data has improved this year despite sanctions and the support from a recovering labor market with a less-tight monetary policy will continue to boost growth in the near term.


Sources: Focus Economics, International Monetary Fund (IMF), World Bank, European Union (EU)

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