Germany: Access all areas
With the recent accession to the European Union of 10 new member states, German companies and investors will be looking eastwards as they seek fresh opportunities to break out of the stagnant German market. Andrea von Drygalski and Frank Thianer report
The accession of 10 new member states to the European Union (EU) on 1 May, 2004, offered significant business opportunities to investors. German companies are the natural first point of contact for companies from the new member states that are looking to expand their businesses to the West. On the other hand, the accession states attract German companies with lower cost bases and taxes to expand or outsource their production to Eastern Europe. Both ways, companies need significant funding to pursue their business goals.
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