“We have ridiculously cheap valuations imposed by political risk in Turkey, and in Ukraine our bets on a new stable government after elections is not yet in the price,” said Gintaras Shlizhyus, a Vienna-based credit analyst at Raiffeisen, cautioning that the change at the helm of Turkey’s central bank over the weekend “wasn’t anything good.” He also has a buy recommendation for Serbia, Kazakhstan and North Macedonia.
Bloomberg News.