Running a business in one of the Central European states brings us some possibilities, however also many problems. In general these places are interesting field to have a business.
If we look at states from Poland to Hungary we will see quite a lot similarities in this area. Firstly, this countries have got fantastic and well-educated blue-collar workers and they are not that expensive as in Western European countries, what’s more the organisation of the legal system is much more efficient than in contries of Central and South Asia. Countries like Hungary, Czech Republic and Slovakia have got a appropriate roads and logistic background. In Poland quality of the roads is not that good, nevertheless it has improved for the last decade, but the industrial park in Poland is quite large. Warehouses in Poland, Czech Republic and Slovakia are easy to rent (more – warehouses in poland), in Hungary we can have some difficulties if we have to rent a big place.
The Southern European countries have got a good climate, however in the Republic of Poland it depends of the time of the year. Today we have very warm summers, but winters are without frost, therefore logistic go without difficulties, however bad weather could happen in the first months of the year (sometimes even in spring) will be cold, especially in the Republic of Poland. It is a great idea to purchase winter tires, even if we have them only as a protectiokn. Industrial park in Poland is quite big, however it needs investments and innovations, there is constantly lots of things to do in these matter, in other states these issues seems to be better.
The main problem is the instable political atmosphere in Hungary and Poland and the stresses on boarders with Russia and Ukraine. The Eastern European states constantly have got a large impact on the business situation in this area. however business with its transporting, accounting systems, warehouses in Poland, Hungary, Czech Republic and Slovakia have got a giant area to growing up and extension.
It is an interesting opportunity to open a company in Central Europe, but it is associated with some risk. It is safe to have got a financial background in the Western European states or in the US.