Finncham interviewed Mr. Árni Þór Sigurðsson , Ambassador of Iceland in June 2018.
Read MoreBased on the study the most significant business risks in Poland are related to social factors such as labor shortage, staff turnover, management and acquisition of new customers. Economic risks are related to rise of salary and cost level and financing of the company in Poland. Political environment of Poland was described as more stable than suggested lately in the media and there was no political threat seen towards foreign companies. Technological risks are mostly related to information security and the lim-ited know-how in utilizing the possibilities enabled by technology. The environmental factors did not form a threat to the studied Finnish companies yet the strict environ-mental requirements towards foreign companies, air pollution and flood risk were mentioned. Business risks related to legal environment of Poland might arise from heavy bureaucracy, slowness or contractual practices.
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Switzerland ranks as the most competitive nation in the world, followed by the United States and Singapore. How Switzerland has been able to maintain this position for nine years without any interruptions?
I would only like to mention a few possible reasons. Reliable and reasonable politics, a wide-spread awareness that average is not sufficient, a trustful relationship between employees and employers, first-class infrastructure and education system are the basis of Switzerland’s top ranking.
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The Hungarian economy is in a good shape, which manifests itself in increasing foreign investment and the constantly raising standard of living. This is also visible in the statistics.
Read More100 years ago, the Czech Republic and Finland received the international recognition as the new, independent and democratic republics in Europe. Within coming years, both countries developed their reputation within European and world industrial community focusing, among others, on free trade advocacy. The question whether and how our mutual trade can create win-win situation for the both countries is an underlying topic of our interview with H.E. Ivan Jukl, the Ambassador of the Czech Republic in Finland.
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Which kinds of business opportunities there are for Finnish companies in the Slovak Republic?
Although there is an inevitable shift to the service based economy in Slovakia, as is the case in many modern developed countries around the world, the manufacturing and the industry will continue to play a significant role in the years to come. The Slovak Republic has a long tradition in mechanical engineering, machinery, which has gradually transformed to the renowned automotive industry. Extremely favourable business environment still lures major stakeholders, Jaguar Land Rover amongst the latest. Vehicle production, followed by electronics industry, are two fundamental pillars of the Slovak economy.
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Austria is politically and economically one of the most stable countries in the world. Inflation rates are low, the increase in national debt has been successfully curbed and the target of a balanced budget appears within reach. An array of measures have been implemented in order to stimulate growth through liberalisation and privatisation, thus securing the future through social system reforms.
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The Balkans region takes its name from the Balkan Mountains which run trough the center of Bulgaria into eastern Serbia. The Balkan region has made great progress, moving from war to peace, from disintegration to cooperative development and implementing democratic and economic reforms on the path towards EU integration.
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The Austrian economy has continued to perform strongly this year and the consumer and business confidence indicators have remained optimistic. What will the future economy look like in your opinion after the elections in October and in the coming year?
„Austria's economy is very stable. It is hardly imaginable that a new government will cause major changes. Especially the medium-sized business proves to be robust. I am pretty convinced it will stay that way.“
Read MoreSerbia is a country of a wonderful nature and an extraordinary history in the middle of the Balkan Peninsula. It has 7.12 million inhabitants, but Belgrade (approx. 1.2 million), as a capital of the former Yugoslavia, represents today a natural business center of the wider region of Western Balkans, connected by the improving economic relations, the same/similar languages, as well as the common interest for the EU integration and development.
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