Central and Eastern Europe

The shape and composition of "modern Europe ” is changing rapidly. The impetus for change was accelerated many times over by the fall of the Berlin Wall in 1989, since when the countries of Central Europe (Poland, Czech Republic, Hungary, Slovakian, Slovenia and the Baltic States) have made substantial progress in switching from command driven to market led economies. Effective 1st May 2004 all of these countries became full members of the European Union, testament to the rapid process of change in these territories.

Similar trends can be identified in neighbouring countries of Eastern Europe, which include Bulgaria, Romania and Ukraine. Bulgaria and Romania hope to join the European Union by 2007.

It is undeniable that the process of change for the peoples of these countries has been, and continues to be, a difficult one. Whilst it is tempting to think of “Central and Eastern Europe ” as being “one”, that is not the case. Each country has its own idiosyncrasies, culture, strengths and weaknesses.

Welburn & Co has considerable practical experience in advising clients in connection with this region. We work with local lawyers and related professionals. The ability to “network” is a key ingredient in the success of any business and never more so than in Central and Eastern Europe .