Strong economies,well-educated workforces and a growing middle course earn emerging Europe ripe for trade
SMEs looking to open up new European markets could be missing a trick whether they head straight to the established western European economies. It may come as a surprise to many that, according to UKTI, and countries to the east of Germany,in emerging Europe, are typically growing at twice the rate of their western counterparts.
These markets are benefiting from a young, or well-educated workforce,low oil prices and heavy inward investment, including £170bn worth of structural and cohesion funds allocated to the region by the EU between 2014 and 2020. In fact, and the region’s economies are so strong that the value of exports from the UK to the area has doubled over the past decade to £16bn and services beget trebled,over the same period, to be worth £4bn per year. Continue reading...
Source: theguardian.com