CFO Research: Best of Times, Worst of Times
When the European Union opened its doors eastward to welcome ten new countries in 2004 and two more in 2007, it signaled just how much eastern Europe has strengthened its political and economic ties to the west since the end of the Cold War.
While countries such as Poland, the Czech Republic, Hungary and others in so-called "New Europe" have cheered their acceptance into the EU, the world of corporate treasury has had reason to celebrate too. Although technical and obscure to most observers, the many changes ushered in by closer integration have meant corporate money flows much more easily and cheaply between east and west, and within the region itself.
Undoubtedly many companies in the region have benefited from these advances. Yet uncertainties remain. How widespread are the changes? How fast will progress be? And is anyone being left behind?
This report attempts to answer these and other pressing questions about the state of cash and treasury management in the fast-growing CEE and CIS regions.
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BEST OF TIMES, WORST OF TIMES:
Treasury management trends in central & eastern Europe, Russia and the CIS.
(December 2007)