Investing in Central and Southeastern Europe

1
Investing in Central and South-eastern Europe

• Samuel Fankhauser
• Swiss Invest Forum
• Zürich, 13 June 2006

2
Overview

• The economies of central and south-eastern Europe
• A closer look at Bulgaria, Romania and Serbia
  Montenegro

3
Strong economic performance
Per cent
4
An improving business environment

• Although not yet as good as in mature market
  economies

Average score
Note Firms were asked to report how problematic
different factors were to their operation and
growth. Scores range from 1 (no obstacle) to 4
(major obstacle). The survey covered Central and
south-eastern Europe as well as the Former Soviet
Union.
5
Progress in the transition from plan to market
EBRD transition score, 2005
Note Scores range from 1 (pure central
planning) to 4 (fully functioning market
economy).
6
Overview

• The economies of central and south-eastern Europe
• A closer look at Bulgaria, Romania and Serbia
  Montenegro

7
Strong market potential
Growth forecasts based on EBRDs basecase
macroeconomic scenario 2006-2011.
8
Competitive enterprise sector
A measure of Total Factor Productivity in each
of the 27 EBRD countries, correcting for the
effect of firm size, firm ownership, market
structure etc. Source Transition Report 2005
9
Business Environment
Note Firms were asked to rate how problematic
different factors were for their operations and
growth. Scores range from 1 (no obstacle) to 4
(serious obstacle)
10
Investing in Central and South-eastern Europe

• Samuel Fankhauser
• Swiss Invest Forum
• Zürich, 13 June 2006