World's woes stifle Eastern Europe

February 2009
ICIS Chemical Business;2/23/2009, Vol. 275 Issue 8, p5
Trade Publication
The article discusses the impact of recession and banking crisis on the chemical industry in Eastern Europe and Russia. Hungary, Latvia and Ukraine have secured emergency International Monetary Fund loans and others are likely to follow suit. Even Russia is stagnating, a country that has been accustomed to an 8% average annual rise, it is expected to contract by 2.2% in 2008.


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