The Eastern Europe encompasses Belarus, Bulgaria, Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Slovakia and Ukraine. The Eastern Europe countries are to be counted among the emerging markets, which are still not as popular as the South American markets. There are a few ETFs which focus on the region. The Eastern Europe is characterized by growing economies. Due to the growth potential, investing in the region may provide greater returns than those in the U.S. but it consequently involves a higher level of risk. The Eastern Europe is heavily exposed to the demand swings of the richest European Union members. Due to the relatively short tradition of democracy, the markets have some geopolitical risks attached to them and this should be considered during the investing processes. Generally, the Eastern Europe markets are less stable than those in the Western Europe.