After a few years of development at breakneck speed, Romania has plunged into recession, leaving the country’s private equity firms sitting on the sidelines waiting for improved conditions. Vicky Meek reports

Private equity in Kazakhstan is still very much in its infancy. But, as many believe it has a key role to play in picking up and developing the country’s ailing economy, the industry is starting to take off with a number of new funds in the pipeline. Vicky Meek reports.

Ukraine has been hit hard by the global downturn and needed a rescue package from the IMF, but those private equity houses committed to the market say they aim to take advantage of a future upturn by acquiring well-priced attractive assets in 2009. Patrick McCurry reports.

The turmoil of recent months has hit Russia particularly hard, with last autumn’s stock market crash, falling oil prices and a devaluing rouble. Patrick McCurry reports.