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The Business Environment

This document summarizes a presentation given by Ylva Berg from Business Sweden on November 12, 2019 about opportunities and challenges for business in Eastern Europe and Central Asia. It provides an overview of Business Sweden's operations, key trade figures between Sweden and the region, and the top concerns of Swedish companies there as identified in a 2017 survey. These concerns include political instability, corruption, non-transparent legislation, and bureaucracy. The document concludes with Business Sweden's view that companies exploring opportunities in complex markets should thoroughly research the environment, seek support, and never compromise ethical standards.

Small Business & Entrepreneurship◦
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Business Intelligence•
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The Business Environment Development Day 2019 @ SITE, SSE Ylva Berg Business Sweden Nov 12, 2019 1
#%$#%$# BUSINESS SWEDEN 2 BUSINESS SWEDEN STOCKHOLM HELSINKI MOSCOW RIGA WARSAW ISTANBUL MILAN MADRID PARIS LONDON THE HAGUE OSLO COPENHAGEN BERLIN PRAGUE VIENNA BUDAPEST ALMATY
#%$#%$# BUSINESS SWEDEN 3 The Challenge Source: IMF, Transparency International High growth opportunity – GDP growth 2018 (IMF) Corruption perception index – 2018 (Transparency Intl)
#%$#%$# BUSINESS SWEDEN 4 Key trade figures with Eastern Europe and Central Asia 1.8% 3.3% • Sweden’s export to Eastern Europe and Central Asia is about 25 BSEK (1.8% of total exports) • Machinery and telecom equipment make bulk of exports • Sweden’s import from Eastern Europe and Central Asia is about 49 BSEK (3.3% of total imports) • Minerals and petroleum (crude and refined) are main imports Source: Kommerskollegium, http://statistikblad.kommers.se/en/?code=10&period=201812&type=html 0 10 20 30 40 50 60 70 2013 2014 2015 2016 2017 2018 BSEK Sweden’s trade with Eastern Europe (non EU) and Central Asia Imports Exports
#%$#%$# BUSINESS SWEDEN 5 Key concerns of Swedish companies present in Central Asia Political instability Corruption Non-transparent legislation Socio-economic instability Unfair competition Bureaucracy Exchange rate fluctuation low impact moderate impact high impact Source: Business Sweden survey, 2017. Survey of 56 Swedish companies primarily in Kazakhstan
#%$#%$# BUSINESS SWEDEN 6 Business Sweden’s view on complex markets Not for everyone Do your homework Ask for support Never ever compromise on ethical standards