- 04 February 2015 09:00
- by Sarah Downey
Flanked by a volatile Russia to the east and a struggling eurozone in the west, the prospects for short-term success in central and eastern Europe look uncertain. However, many international and domestic firms in the region are building for the future.
On a Sunday night in mid-November last year, people gathered on the streets of Bucharest in their thousands to celebrate the choice of Klaus Iohannis as Romania’s next president; a liberal thinker and the first person from the country’s ethnic German Protestant minority to be elected. With a voting turnout of 62%, the highest in 14 years, Iohannis’s appointment was considered a surprise for this conservative, majority-Eastern Orthodox country.
- 29 January 2014 10:47
- by Jaishree Kalia
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving the CEE economy. Can the shale revolution power up the market?
While most of central and eastern Europe (CEE) predictably remains in recovery mode from the global financial crisis, the buoyant energy sector has led to a steady stream of foreign investment and some prized mandates for law firms active in the region.
- 05 February 2013 14:35
- by Legal Business
It’s been a turbulent time for the Central and Eastern European markets but bright spots such as Poland, Romania and Turkey ensure that the region remains an important investment destination
The most recent global deal statistics have shown that the outlook remains pretty dark for the world’s emerging markets. According to figures published by mergermarket, the value of emerging markets deals plummeted by 24.1% in the first three quarters of a2012, down from $386.8bn in 2011 to $293.5bn. Significantly, it’s not simply a result of a drop in worldwide deals. Instead, it seems that investors are specifically turning away from these jurisdictions; emerging markets accounted for 23.5% of deals in 2011, but in the first three quarters of 2012 that fell to 15.8%.