If you are planning to invest in Central and Eastern Europe you should know that it is an excellent choice for your business.
When many emerging and developed markets face strained economic and political developments, it seems that the core CEE looks comparatively much better. As the McKinsey & Company states “since the transition to a market economy almost three decades ago, CEE has enjoyed a golden age of growth. The ten CEE countries examined in this report—Bulgaria, Croatia, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia — recorded on average a 114 percent increase in GDP per capita between 1996 and 2017, compared with an increase of just 27 percent in the European Union’s “Big Five” economies: France, Germany, Italy, Spain, and the United Kingdom.1 The CEE region has become one of the most attractive places to invest in globally. This has enabled CEE countries to partially close the economic gap with Western Europe and their populations to enjoy a significant rise in living standards.” What’s interesting, with a 4.2% GDP growth in 2019, Poland is the country that ranks as the second fastest-growing economy in the EU, according to the European Commission. As the Deloitte report confirms (Investing in central Europe) Poland is also one of the best performing transition markets in the world!
Why is it worth to invest in Central Eastern Europe?
According to Deloitte report “the CEE region within the EU offers relatively low labor costs, a favorable tax environment, and availability of tax incentives and since spring 2013 solid GDP growth trends across most of the economic sectors”. When the Eurozone grows by an extra 1%, then the CEE region grows by an extra 1.3%, which makes it very attractive for investing!
Global poultry production market development forecast
Rabobank report claims that “in 2019, trade conditions in the global poultry industry will gradually start to improve, with rising global demand – especially from China – the main positive driver”. What’s significant “global poultry demand is expected to grow between 2% and 3% this year, with China expected to be more bullish (around 5%) than in recent years due to poultry being used as a substitute for pork.”
This topic and many others will be discussed during Eastern European Poultry Congress (June 24th 2020, MCC MAZURKAS, Ożarów Mazowiecki, Poland).
Poultry production market overview for CEE
According to “EU agricultural markets short-term outlook – Spring 2019” report, EU poultry production is expected to grow up by 2.5% in the full year. In 2019 poultry market has boost significantly in each field: