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United Nations Conference, GenevaWhat changes for business in Europe?Antoni Turczynowicz, 11 May 2004
Page 2 PricewaterhouseCoopers
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
EU from 1 May 2004
What changes for business in Europe?
Increase in population: 28% Increase in territory: 34%Increase in GDP: 4,4%
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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
What changes for business in Europe?
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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
What changes for business in Europe?
Page 5 PricewaterhouseCoopers
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
What changes for business in Europe?
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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?
What changes for business in Europe?
www.pwc.com/neweurope