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The Most Appropriate Markets For Business

3. THE MOST APPROPRIATE MARKETS FOR BUSINESS

According to Ernst and Young (2004), the three most appropriate markets for business in the CEE are Poland, the Czech Republic, Hungary but also Slovakia and Slovenia because of their political and economic stability (in comparison to others CEE countries). In regards to Slovenia and Slovakia, investment there may be not the best strategic solution due to their small consumer market, so will focus on Czech Republic, Poland, and Hungary' present situation.

3.1. CZECH REPUBLIC

Economic situation for 2004:

"Following entry into the EU in 2004 the main concern for the Czech Republic is to strengthen growth prospects" (www.oecd.org)
The Czechs are enjoying nearly 4% of growth in their GDP in 2004, indicating an increase in demand for their produce.

"…….. one of the most stable and prosperous of the post communist state of the CEE" (www.cia.gov)

The Czechs have stabilized their inflation rate in recent years, according to......


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Approximate Word Count: 749
Approximate Pages: 3 (250 words per double-spaced page)

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