Starting a business in one of the Central European states brings us some opportunities, but also some problems. In general these places are good field to invest money.
If we look at countries from the republic of Poland to Hungary we will notice many similarities in this region. Firstly, this countries have fantastic and well-educated blue-collar workers and they are not cost that much as in Western Europe, furthermore the organisation of the legal system is much more effective than in states of Central and South Asia. Countries such as Hungary, Czech Republic and Slovakia have a very nice roads and logistic background. In the Republic of Poland (mining machinery
) quality of the streets is not that good, however it has improved for the last 10 years, but the industrial park in Poland is quite large. Warehouses in Poland, Czech Republic and Slovakia are available (more information – apartments in poland), in Hungary we may have some difficulties if we need to rent a large space.
The Southern European countries have got a nice climate, however in the Republic of Poland it depends of the time of the year. In these days we have very warm summers, but winters are without frost, so logistic go without problems, nevertheless bad weather may happen in January or February (sometimes even in spring) will be freezing, especially in Poland. It is a good idea to buy winter tires, even if we have them just in case. Industrial park in Poland is quite large, however it needs money and innovations, there is still many solutions to take in these matter, in other countries these issues seems to be better.
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The main difficulty is the unstable political situation in Hungary and the Republic of Poland and the problems on boarders with Russia and Ukraine. The Eastern European states constantly have got a great impact on the economic situation in this area. however corporations with its logistic, accounting systems, warehouses in Poland, and other Central European countries have got a big field to improvement and extension.
It is a great opportunity to run a corporation in Central Europe, but it is connected with some risk. It is good to have a financial background in the Western European countries or in the US.