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Czech List

Doing business with Eastern Europe

This story appears in the July 2000 issue of Entrepreneur. Subscribe »

While the demise of communism in Europe's Eastern bloc has meant more global opportunities, these countries' rapidly shifting political and economic climates make such ventures risky.

Among the bloc nations, the Czech Republic is seen as the most stable, and its economic growth means more demand for foreign products and services. Export opportunities abound, particularly in computer hardware and software; the Information Technology Agreement (ITA) of 1997 promises that technology tariffs will be eliminated by the end of 2000. There are also opportunities for companies offering management consulting, marketing, PR, legal or financial services.

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