Buying an Underperforming Company in The Balkans
For the past 20 years, companies in The Balkans have not been on the radar screen of most private equity groups….
03 March, 2014
Buying an Underperforming Company in The Balkans
By Hugh C. Larratt-Smith, MBA
For the past 20 years, companies in The Balkans have not been on the radar screen of most private equity groups.
It’s not that The Balkans lack comparative advantages. The¾wage rates in the region are up to 75% less than Western¾European nations. Education levels are high and the¾workforce is relatively skilled. Many professionals and¾middle managers have proficiency in numerous languages. It is not uncommon to meet people who speak three to six¾languages. The Balkans is within 1,000 KM of 170 million¾consumers. Transportation links are good. Two of the four¾Balkans nations, Slovenia and Croatia, are in the European¾Union. Serbia is targeting to join the E.U. in 2020.
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