Weastra strategic consulting partnerBusiness consulting services
CEE countries by weastra

country pages:

  • Czech Republic 
  • Hungary 
  • Bulgaria 
  • Romania 
  • Poland 
  • Slovakia

creditworthiness of CEE countries.

0 = lowest risk 8 = highest risk, Valid as of: 2 April 2010

CountryClassification PreviousClassification Current Prevealing
Czech Republic00

The credit risk classification by OECD measures the creditworthiness of the participating countries to the Arrangement on Officially Supported Export Credits. It has a direct impact on the export credit insurance premiums. The lower the classification (best: 0) the more likely the country to service its external debt.
Source: OECD (PDF document 0.05 MB)

Central and

Eastern Europe.

Did you know... ?

...that the iron curtain is no more than a distant memory as travelling to CEE becomes ever easier? Whereas the Czech Republic, Hungary, Poland and Slovakia joined the border free Schengen area already in 2007 Romania and Bulgaria filed for application and are expected to become member states in 2012.

why to invest in

Central Eastern Europe?

After 15 years of economic boom in Central Eastern Europe, during which the countries in the region enjoyed growth levels twice as high as in Western Europe, the development came to an abrupt halt as the effects of the global economic downturn set in by mid-2008. Several states in CEE were struck hard, the main reason being that many of these countries were in a state of rapid development fuelled by foreign capital when the crisis hit.

Today, CEE countries show signs of recovery from the global economical crisis. Some recover faster, other countries slower. But each one of them has numerous opportunities for future economical development. Their main advantages are great location which opens markets of over 200 million consumers, qualitative labor force for relatively low costs, good atmosphere for foreign investments and business development. There are still plenty of unexploited opportunities in CEE, whether in its huge surfaces of arable land, in its strong skills in technical and technological areas, numerous investment incentives or unique touristic destinations.

The fundamental conditions for growth remain strong, especially so in the reform-oriented countries that had introduced business friendly politics and low tax rates in the run-up of their EU accession. In effect, several countries such as the two largest economies Poland and Czech Republic but also Slovakia handled the crisis surprisingly well. Even the countries hit hardest like Hungary will most likely turn the crisis into an upswing in a few years time. The growth potential of these countries is also intensified by the integration of CEE countries into the Eurozone and Schengen area.

Low labor costs paired with high-level infrastructural facilities are attracting Western companies. At the same time home-grown firms are attracting global attention. Over the past few years, economic growth in countries in Central and Eastern Europe outpaced global economies, on the whole.

There is no better time to invest in the CEE region than now as it is one of the most attractive marketplaces and investment regions in the world. Each of these countries has something extra to offer, they represent a different culture and a different entrepreneurial environment. But what they have in common is the fact that they have manage to enact reforms, implement changes and customize the investment environment in such a way, that it became more accessible and friendly for investment, market entry and business development.