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

Bullboard Posts

Comment by galvanizedon Jul 31, 2012 3:59pm

88 Views

Post# 20170497

RE: Difficult to say who caved in...

Let's do the math here. According to the article, the workers were given a LE950 per month increase in their subsistance allowance LE950/6 = $158 USD

So 158 * 12 months * 1500 worker = $2.8 million. = peanuts.

The thing is, there is not a lot of houseing available near the mine, and as phase iv ramps up, this problem will only get worse with the higher head count.

Also, there is quite a bit of inflation in the Egyptian economy, so it is reasonable to expect these guys are going to need an increase now and then.

Bullboard Posts

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal