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United Nations Conference, Geneva

United Nations Conference, Geneva. What changes for business in Europe?. Antoni Turczynowicz, 11 May 2004. What changes for business in Europe?. EU from 1 May 2004. Population in million: Cyprus (0.76) Czech Republic (10.2) Estonia (1.37) Hungary (10.2) Latvia (2.35) Lithuania (3.48)

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United Nations Conference, Geneva

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  1. United Nations Conference, Geneva What changes for business in Europe? Antoni Turczynowicz, 11 May 2004

  2. What changes for business in Europe? EU from 1 May 2004 Population in million: • Cyprus (0.76) • Czech Republic (10.2) • Estonia (1.37) • Hungary (10.2) • Latvia (2.35) • Lithuania (3.48) • Malta (0.39) • Poland (38.6) • Slovakia (5.38) • Slovenia (1.99) Total: 75 million people Increase in population: 28% Increase in territory: 34% Increase in GDP: 4,4%

  3. What changes for business in Europe? Business Issues • Classic business and tax footprint is changing • New business models are being implemented • Regional distribution hubs are being created • Restructuring of manufacturing production within Europe

  4. What changes for business in Europe? Business Issues • Consumer power is expected to increase with no borders • Transparency of pricing is creating issues • Facilitation of shared service centers • Opportunities from funding • Digitalisation of the documentation flow

  5. What changes for business in Europe? Business Impacts • More centralised & uniform control structures across CEE linking in with the rest of the EU block • Corporate risk management easier to impose and manage in a centralised structure • Flatter and more responsive business structures

  6. What changes for business in Europe? Conclusion • Expect changes – a single market of 25 countries! • First phase - Getting the ‘back office’ right - Opportunities will impact the bottom line • Next phase - Business strategies linked in to the opportunities that exist from the adoption of the acquis?

  7. www.pwc.com/neweurope

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