By Jonathan Reuvid
Whilst, in might 2004, the ecu Union welcomed the accession of 10 new member international locations — essentially from former Communist primary Europe and the Baltics — the EU's inhabitants elevated via 20%. the ten Accession States extra a mixed inhabitants of seventy five million and GDP of greater than $430 billion. there's a significant momentum in those economies due to the significant funding by way of international businesses, the emergence of neighborhood SMEs and the restructuring of former country businesses. every one significant kingdom within the area is a considerable commercial and customer marketplace in its personal correct and plenty of of those international locations are operating difficult to compensate for the remainder of Europe and feature proven, via stable financial development, that they have got the potential to develop into extra vital avid gamers in Europe. This publication examines how the accession approach has affected the industrial clients of the recent member states and the enlarged european as an entire. It makes a speciality of the possibilities for international traders in all of the 10 new participants, evaluating their monetary surroundings and company stipulations with these of the 15 longer-established member states. it is usually a close evaluate of commercial stipulations within the 3 most recent admission applicants: Bulgaria, Croatia and Romania and information of key inward traders.
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Additional resources for Corporate Investment Opportunities in the New Europe
3 2004 % Manufacturing NEC Source: Quarterly Panorama of European Business Statistics, 2 – 2005, Eurostat. 9 per cent in 2003. 8). 8 per cent). The remaining sub-sectors are all within the construction industry. 9). 9 per cent). The growth rate for construction in Latvia increased progressively over the 2002–04 period, whereas the growth rate for Estonia was less than half that reported for 2002 although more than twice that of 2003. 3 per cent). 6 per cent was lower than in 2003. 9). 9 per cent).
Of telephones per 1,000 inhabitants No. 2 CEE8 consumer proﬁles 153 60 17 308 7,760 3,230 26 Latvia 71 69 19 313 8,350 3,350 25 Lithuania 85 63 19 295 4,230 9,370 25 Poland 148 58 19 288 11,780 3,760 21 Slovakia 276 49 16 401 17,060 9,760 23 Slovenia 101 61 19 280 8,420 3,544 25 Regional Average 24 FOCUS ON DEVELOPMENT IN THE EU BUSINESS ENVIRONMENT ______________ both telephones (401) and computers (276), whereas the Czech Republic is second highest for telephones (375) but only ﬁfth for computers (146).
1. In fact, exports have been rising faster in all countries since the end of 2004, so that the percentages based on 2004 actual exports and GDPs are an understatement of current export performance. 458,000 CEE8 of EU10 17,708 6,114 377 2,303 126 490 6,373 1,674 251 2001 22,669 8,791 167 2,670 265 754 4,371 4,069 1,582 2002 6,727 1,682 667 –7 229 126 3,660 485 –115 2003 13,788 3,156 534 3,392 479 412 4,892 902 21 2004 FDI Net Inﬂows (EUR mn) 18,070 Source: Compiled from Bank Austria Creditanstalt CEE Report 4 – 2005.