The Most Appropriate Markets for Business

3.THE MOST APPROPRIATE MARKETS FOR BUSINESS According to Ernst and Young (2004), the three virtually appropriate markets for business in the CEE ar Poland, the Czech commonwealth, Hungary nevertheless also Slovakia and Slovenia because of their political and economic stability (in comparison to others CEE countries). In regards to Slovenia and Slovakia, investment there may be not the best strategic solution due to their small consumer market, so allow focus on Czech Republic, Poland, and Hungary present situation. 3.1.CZECH REPUBLIC economic situation for 2004: Following entry into the EU in 2004 the important concern for the Czech Republic is to strengthen growth prospects (www.oecd.org) The Czechs are enjoying nearly 4% of growth in their GDP in 2004, indicating an increase in demand for their produce. ??.. one of the most static and prosperous of the post communist state of the CEE (www.cia.gov) The Czechs have stabilise their inflation rate in recent years, according to (www.europa.eu.int), and hoping to husband it at that level. Investments in the Czech Republic are expanding promptly and exports are on the up. However the government is facing problems of soaring deficits because of their increase in spending in recent year. This is do them to fund their spending through higher taxes.

The Czechs economic fault is not yet complete. Therefore there are umpteen challenges faced by the government involving industrial restructuring, transforming housing arena and also reforming of pensions and the health care system. (CIA, 2005) Business opportunity: The surface of the potential domestic market in the Czech Republic is much smaller compared with the Polish market; however Czech attracts more foreign investment. The Czech Republic has adjusted moneymaking(prenominal) laws and accounting practices to accommodate the West and has also offered investment incentives in order to attract foreign companies (Ernst & Young, 2004). Business infrastructure:... If you inadequacy to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.