The extent of foreign investments in the emerging markets of Central and Eastern Europe will be dependent on the nature and efficiency of the transformation from turbulence to stability, from "neither market nor planned economies" to predictable ones. Project designs like the gradual transfer of investment money or profit repatriation guarantees are more important considerations than detailed calculations. An important investment criteria might be whether a project create strong alliances with important power centers that will safeguard the interest of the project under changing conditions.