United Nations Conference, Geneva

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United Nations Conference, Geneva
What changes for business in Europe?
Antoni Turczynowicz, 11 May 2004
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EU from 1 May 2004
What changes for business in Europe?

• 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)
• Slovenia (1.99)
• Total 75 million people

Increase in population 28 Increase in
territory 34 Increase in GDP 4,4

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Business Issues
What changes for business in Europe?

• 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

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Business Issues
What changes for business in Europe?

• 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

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Business Impacts
What changes for business in Europe?

• 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

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Conclusion
What changes for business in Europe?

• 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?

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www.pwc.com/neweurope