News and Publications
08/14/2020
Country risk and economic studies

Post-pandemic production relocation: an opportunity for CEE countries?

Post-pandemic production relocation: an opportunity for CEE countries?

Here are the main points addressed in our latest study on CEE countries:

 

A favorable context

Foreign trade and inclusion in supply chains had already increased in recent years, supported by EU membership by most CEE (Central and Eastern European) countries in 2004.

 

Strong assets
  • An educated workforce
  • Geographical proximity to Western Europe
  • Low labor costs
  • Relatively good infrastructure
  • A stable business climate
  • Improving productivity through greater use of automation and "robotization"
Various sectors concerned
  • The automotive industry, the backbone of the industry in this region
  • But also: the production of electrical and electronic equipment, machinery, chemicals, 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 to be in a favorable position, especially in terms of automation and digitalization.

Download this press release : Post-pandemic production relocation: an opportunity for CEE countries? (588.62 kB)

Contact


Carina REILE

Communications Manager
Marxergasse 4c
1030 Wien
AUSTRIA
Tel: +43/1/515 54-0 
Email: carina.reile@coface.com

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