Determining which is the most declining index in CEE was not an easy task. Bulgaria's SOFIX ranks second in this non-prestigious chart after losing 26.52% year to date.

The plunge of the local blue chip index is slightly higher than that of Serbian BELEX 15, which lost nearly 26.36% this year.

The worst performer in the region is the Croatian CROBEX, which fell 26.77% since the beginning of 2008.

Country Index Beginning of 2008 19 March 2008 Change % Serbia BELEX15 2289,35 1685,83 -26,36% Macedonia MBI-10 7690,36 5787,7 -24,74% Hungary BUX 25889,94 21894 -15,43% Slovenia SBI TOP 2518,49 2053,09 -18,48% Poland WIG-20 3421,2 2878,44 -15,86% Czech Republic PX 1808,6 1523,7 -15,75% Russia RTS 2296,56 2027,36 -11,72% Bulgaria SOFIX 1737,42 1276,62 -26,52% Croatia CROBEX 5245,58 3841,44 -26,77% Romania BET 9567,16 7294,18 -23,76%