Emerging European growth shines as the EU's new entrants converge

If the new EU countries follow the previous examples of Greece, Ireland and Portugal, the future is bright for eastern European investors

Growing wealth and a cheap but educated labour force are providing opportunities for investment into emerging Europe or western European firms that are benefiting from the region's entrance into the EU.

Growth in emerging Europe has outstripped western Europe and its proximity helps it compete as a business destination, managers active in the region say.

Yet there are clouds on the horizon that could see serious losses for investors, according to some players in the market, and dangers associated