A favourable context

Foreign trade and inclusion in supply chains had already increased for Central & Eastern European (CEE) in recent years, boosted by most of its countries’ decision to join the European Union (EU) in 2004.

Strong assets

• An educated workforce
• Geographical proximity to Western Europe
• Low labour costs
• Relatively good infrastructure
• A stable business climate
• Improving productivity through greater use of automation and “robotisation”.

Various sectors concerned

• The automotive industry, the industrial backbone of the region
• But also: the production of machinery, chemicals, and electrical & electronic equipment, as well as the transport and storage sectors
• And new opportunities: outsourcing of services through digitalization and a large ICT talent pool

However, investments are necessary

New investments are needed for the region to gain a favourable position, especially in terms of automation and digitalization.

To read the full Coface publication, please click below.

Coface study on CEE countries

Digitalization of Trade Finance services for SMEs in the CEE region

Trade Finance Talks