Bourses in Central Eastern Europe recorded drops following the news on problems in some EU economies, yet the negative impact of the problems in Greece, Portugal and Spain was lower than expected, ‘Financial Times’ reports.

Unlike last year, when the CEE region was gravely affected by the global financial crisis, now investment continues to flow into countries with sound economic foundations like Poland and the Czech Republic. Poland’s euro-denominated treasury bills are evaluated as burdened with lower risk that Greek bonds, while Czech bonds are considered to have almost the same risk level as British bills, wnp.pl reports.

‘Poland is seen as a safe haven and it’s become an alternative for investors looking for possibilities in EU’ Dominik Radziwiłł, Deputy Finance Minister told the newspaper. According to Danske Bank analyst Lars Christensen, foreign investors reacted moderately because they have learned to distinguish between CEE markets.

Poland is the only EU country who avoided recession last year and noted a 1.7% GDP growth.