Business Environment in Baltic States Mindaugas Valuckas Member 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 vsBaltics vs East Bank lending Reasonable Good / Acceptable Nearly impossible
West vsBaltics vs East Legal System Mature and clear Well advanced Very weak
West vsBaltics vs East Work force Professional Qualified Inefficient Expensive Reasonable Cheap
West vsBaltics vs East Corruption Virtually zero Moderate Uncontrolabe
West vsBaltics vs East Bureaucracy Cooperative Improving Unreasonable
Conclusion Baltics are on a good way in improving business environment, but there still long way to go