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Central and Eastern Europe Fund Inc T.CEE


Primary Symbol: CEE

The Central and Eastern Europe Fund, Inc. (the fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central and Eastern Europe. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings used for investment purposes) in securities of issuers domiciled in Central and Eastern Europe. The Fund invests in a range of sectors, such as banks; diversified telecommunication services; electric utilities; food and staples retailing; metals and mining; oil, gas, and consumable fuels; wireless telecommunication services; insurance; media; airlines, chemicals, and pharmaceuticals; entertainment; interactive media and services, information technology (IT) services; insurance, and textiles, apparel, beverages, and luxury goods. DWS International GmbH is the investment advisor of the Fund.


NYSE:CEE - Post by User

Central and Eastern Europe Fund Inc
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Post by galvanizedon Mar 28, 2012 10:20pm
337 Views
Post# 19731405

It was nice while it lasted....

It was nice while it lasted....

I am amazed that Centamin investors are surprised today about the rising cost of diesel in Egypt. There have been many stories about this in the local egypt press recently.

https://news.egypt.com/en/201003089600/news/-egypt-news/diesel-shortage-paralyzes-egypt-highways.html

and also from early febuary, 75% increase to industrial users!

https://www.egyptindependent.com/node/645951,

I guess not everybody got that memo.

Bottom line is Egypt's practice of subsidizing the use of oil is unsustainable and cannot continue. Their oil production is post peak and declining fast.

And no, this is not some special effort the Egyptians are making to screw Centamin.

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