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Banking

EEMEA round up: CEE index

Austrian bank CA IB has launched REX, the first publicly available real estate index to cover emerging Europe and the closely related Austrian market.

Listed in descending order by market cap, the countries included in the index are Austria, Poland, Turkey, Russia, Czech Republic, Ukraine, Hungary, Bulgaria and Romania. CA IB says it established the index in response to ever increasing levels of investor interest in the CEE real estate sector, and the bank estimates that capital flows into the region will double to €4 billion in 2006.

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