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Quotes of the day

Wed Oct 17, 2007 1:03pm EDT

Reporter's Notebook

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VIENNA (Reuters) - The following are selected quotes from speakers at the Reuters Central European Investment Summit.

CHRISTOPH ROSENBERG, REGIONAL REPRESENTATIVE, IMF

"(These countries) have done very well with the market turmoil until recently. We do think the countries have not used fiscal policies appropriately. Some have really poured oil on the fire with their fiscal policies."

WOLFGANG RUTTENSTORFER, CEO, OMV

"We haven't expected $88 (per barrel oil prices), (and this will) definitely have a positive impact (on the company's earnings). We rather expect crude prices should come down over time."

KARL PETRIKOVICS, CEO, IMMOEAST

"Shopping behavior of the people is different. Because there were not many opportunities for shopping in communism, shopping is now more part of the leisure activity. Shopping centers also have a different position because of a lack of high street stores. It's more of a U.S. attitude."

THIERRY BAUDON, MANAGING PARTNER, MID EUROPA PARTNERS

"Overall, I think this region has a lot going for it. The only problem it has is it's small. It's very fragmented, very poorly understood by the market. At the end of the day it's 70 percent of German GDP, 100 million (people), 15 countries, at least as many languages, and it's not on anybody's radar screen unless you're dedicated to it.  Continued...

 
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