PRINT THIS PAGE The business of enlargement: Opportunities in the new Europe08/03/2004. Source: Centre for European Reform. Katinka Barysch and Dr Heather Grabbe
Ten new members will join the European Union on May 1st 2004, eight of which will be formerly Communist countries from Central and Eastern Europe. The expansion of the EU will be accompanied by a wealth of private equity opportunities in these newly integrated states, according to Dr. Heather Grabbe and Katinka Barysch of the Centre for European Reform. But the report also warns that despite a host of positive changes in the region as a result of inclusion in the EU, Central and Eastern Europe will remain a difficult place in which to complete deals that generate significant returns for investors.
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Dr. Heather Grabbe is research director at the Centre for Economic Reform. Her own research is on EU enlargement, both the current accession process and its longer-term implications for the European Union, for post-communist transformation, and for wider Europe.
Katinka Barysch is chief economist at the Centre for European Reform. Her research focuses on economic transition in Eastern Europe and EU enlargement, as well as European macro-economic policy co-ordination and the political economy of structural reforms.
This report was commissioned by Advent International Corporation.
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