Central Europe stirring

Three and a half years after Russia’s full-scale invasion of Ukraine, many geopolitical commentators expect a peace deal to be signed in 2025, leading to a $1tn infrastructure rebuilding programme. Family offices in neighbouring countries are already preparing infrastructure and energy investments for their eastern neighbour. Technology, ports and agriculture are also expected to benefit. Despite rising budget deficits across the CEE region, there are also several countries which have matured from frontier bets to core portfolio positions, including Poland and Romania.