business environment in baltic states mindaugas valuckas member of the board hanner ab riga,...
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Business Environment in Baltic States
Mindaugas ValuckasMember of the Board
Hanner AB
Riga, 10/14/2011
About Hanner
Invests in CEE region:Lithuania, Latvia, Romania, Ukraine, Russia and Belarus
Starts new investments in Germany and Scandinavia
Completed 20 RE projects
Did 3 private equity investments
Veikla
3 Baltic states makes less than 0.5% of total EU GDP
Less than 1.5% of total EU population lives in Baltics
How to compete with big nations?
Market
Huge stable Small volatile Big volatile
West vs Baltics vs East
Bank lending
Reasonable Good / Acceptable Nearly impossible
West vs Baltics vs East
Legal System
Mature and clear Well advanced Very weak
West vs Baltics vs East
Work force
Professional Qualified Inefficient Expensive Reasonable Cheap
West vs Baltics vs East
Corruption
Virtually zero Moderate Uncontrolabe
West vs Baltics vs East
Bureaucracy
Cooperative Improving Unreasonable
Conclusion
Baltics are on a good way in improving business environment, but there still long way to go