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United Nations Conference, Geneva What changes for business in Europe? Antoni Turczynowicz, 11 May 2004 *connectedthinking PwC 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) Increase in population: 28% Slovenia (1.99) Total: 75 million people PricewaterhouseCoopers Increase in territory: 34% Increase in GDP: 4,4% Page 2 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 PricewaterhouseCoopers Page 3 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 PricewaterhouseCoopers Page 4 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 PricewaterhouseCoopers Page 5 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? PricewaterhouseCoopers Page 6 www.pwc.com/neweurope