• United States
  • Canada
  • United Kingdom
  • Ireland
  • Australia
  • New Zealand
  • South Africa
  • Israel
  • India
  • Pakistan
  • Sri Lanka
  • Bangladesh
  • China
  • Hong Kong
  • Taiwan
  • South Korean
  • Japan
  • Singapore
  • Malaysia
  • Indonesia
  • Philippines
  • Thailand
  • Vietnam
  • Turkey
  • United Arab Emirates
  • Iran
  • Azerbaijan
  • Georgia
  • Iceland
  • Norway
  • Sweden
  • Denmark
  • Finland
  • Netherlands
  • Germany
  • Poland
  • Czech Republic
  • Slovakia
  • Hungary
  • Slovenia
  • Croatia
  • Serbia
  • Romania
  • Bulgaria
  • Greece
  • Lithuania
  • Latvia
  • Estonia
  • Russia
  • Ukraine
  • France
  • Italy
  • Spain
  • Mexico
  • Portugal
  • Brazil

East Europe Business

East Europe Business is probably the broadest region on the GlobalBusinessPitch.com website. Within this grouping you will find the Baltic states and countries of Central Europe (current members of the EU), nations of Southeast Europe, Eastern Europe, as well as nations of Central Asia. A common bond they share is they were all communist states that emerged in the 1990's after the fall of the Iron Curtain.

Going hand-in-hand with the political and economic transition that occurred in the ensuing decades, each nation grappled new realities of a post-Soviet world. While some nations faired much better than others, volatility of a high risk, high reward economic environment was another characteristic all of these nations shared. Its an environment that still exists in East Europe business today. Investing in a high-growth region rich in resources and skilled labor can be very rewarding over the long-term, but can also punish those who make a bad bet or those who are over-levered during a volatile down-turn in the economy.

 

East Europe &
Former Soviet Union

To explore the wide range of business opportunities throughout Eastern Europe and nations for the former Soviet Union, use the drop down menu above, or simply scroll through the list of respective countries.

Albania flag

Albania

population (2011): 2,994,667

population growth rate: 0.267%

median age: 30.4 years

official language: Albanian

area: 28,748 km² (11,100 miles²)

GDP (PPP) per capita (2010): $8,000

key industries

  • agriculture, food processing
  • textiles, clothing
  • basic metals, lumber, cement
  • mining, oil, chemicals, hydropower
  Latvia flag

Latvia

population (2011): 2,204,708

population growth rate: -0.597%

median age: 40.6 years

languages: Latvian (official), Russian

area: 64,589 km² (24,938 miles²)

GDP (PPP) per capita (2010): $14,700

key industries

  • processed foods, wood products
  • textiles, synthetic fibers
  • processed metals, railroad cars
  • pharmaceuticals, electronics
Armenia flag

Armenia

population (2011): 2,967,975

population growth rate: 0.063%

median age: 32.2 years

official language: Armenian

area: 29,743 km² (11,484 miles²)

GDP (PPP) per capita (2010): $5,700

key industries

  • knitted wear, hosiery, shoes, silk
  • diamond-processing, jewelry
  • metal-cutting, forge-pressing tools
  • electric motors, microelectronics
  Lithuania flag

Lithuania

population (2011): 3,535,547

population growth rate: -0.276%

median age: 40.1 years

official language: Lithuanian

area: 65,300 km² (25,212 miles²)

GDP (PPP) per capita (2010): $16,000

key industries

  • food processing, textiles, furniture
  • amber jewelry, metal processing
  • TVs, computers, optical equipment
  • agriculture machinery, shipbuilding
Azerbaijan flag

Azerbaijan

population (2011): 8,372,373

population growth rate: 0.846%

median age: 28.8 years

official language: Azerbaijani

area: 86,600 km² (33,436 miles²)

GDP (PPP) per capita (2010): $10,900

key industries

  • foodstuffs, cotton, textiles
  • oil and gas, oil products
  • chemicals, petrochemicals, cement
  • iron ore, steel, oilfield equipment
  Macedonia flag

Macedonia

population (2011): 2,077,328

population growth rate: 0.248%

median age: 35.8 years

official language: Macedonian

area: 25,713 km² (9,779 miles²)

GDP (PPP) per capita (2010): $9,700

key industries

  • agriculture, food processing
  • textiles
  • chemicals, pharmaceuticals
  • iron, steel, cement

Moldova flag

Moldova

population (2017): 4,054,640

population growth rate: -0.2%

median age: 36 years

languages: Moldovan (official), Russian

area: 33,851 km² (13,070 miles²)

GDP (PPP) per capita (2016): $5,082

key industries

  • agriculture, food processing
  • textiles, hosiery, shoes
  • ag machinery, foundry equipment
  • fridges, freezers, washing machines
Belarus flag

Belarus

population (2011): 9,577,552

population growth rate: -0.363%

median age: 39 years

official languages: Belarusian, Russian

area: 207,600 km² (80,155 miles²)

GDP (PPP) per capita (2010): $13,600

key industries

  • textiles, synthetic fibers
  • TVs, radios, refrigerators
  • metal-cutting machine tools
  • trucks, tractors, earthmovers
  Montenegro flag

Montenegro

population (2011): 661,807

population growth rate: -0.705%

median age: 37.8 years

languages: Montenegrin (official), Serbian

area: 13,812 km² (5,019 miles²)

GDP (PPP) per capita (2010): $10,100

key industries

  • agricultural processing
  • aluminum, steel
  • consumer goods
  • tourism
Bosnia and Herzegovina flag

Bosnia and Herzegovina

population (2011): 4,622,163

population growth rate: 0.008%

median age: 40.7 years

languages: Bosnian, Serbian, Croatian

area: 51,197 km² (19,741 miles²)

GDP (PPP) per capita (2010): $6,600

key industries

  • textiles, tobacco products
  • wood furniture, domestic appliances
  • mining (coal, iron ore, lead, zinc,...)
  • steel, auto assembly, ammunition
  Poland flag

Poland

population (2011): 38,441,588

population growth rate: -0.062%

median age: 38.5 years

official language: Polish

area: 312,685 km² (120,728 miles²)

GDP (PPP) per capita (2010): $18,800

key industries

  • food processing, beverages
  • textiles, glass, chemicals
  • coal mining, iron and steel
  • machine building, shipbuilding
Bulgaria flag

Bulgaria

population (2011): 7,093,635

population growth rate: -0.781%

median age: 41.9 years

official language: Bulgarian

area: 110,879 km² (42,811 miles²)

GDP (PPP) per capita (2010): $13,500

key industries

  • food, beverages, tobacco
  • base metals, machinery
  • oil refining, chemical production
  • nuclear fuel, electricity
  Romania flag

Romania

population (2011): 21,904,551

population growth rate: -0.252%

median age: 38.7 years

official language: Romanian

area: 238,391 km² (92,043 miles²)

GDP (PPP) per capita (2010): $11,600

key industries

  • food processing, timber, mining
  • oil refining, chemicals, metallurgy
  • textiles, shoes, electric equipment
  • light machinery, auto assembly
Croatia flag

Croatia

population (2011): 4,483,804

population growth rate: -0.076%

median age: 41.4 years

official language: Croatian

area: 56,594 km² (21,851 miles²)

GDP (PPP) per capita (2010): $17,400

key industries

  • textiles, chemicals, plastics, paper
  • fabricated metal, machine tools
  • pig iron, rolled steel, aluminum
  • oil, construction material, tourism

Czech Republic flag

Czech Republic

population (2011): 10,190,213

population growth rate: -0.12%

median age: 40.8 years

official languages: Czech, Slovak

area: 78,867 km² (30,451 miles²)

GDP (PPP) per capita (2010): $25,600

key industries

  • glass
  • metallurgy
  • motor vehicles, machinery
  • armaments
  Russia flag

Russia

population (2011): 138,739,892

population growth rate: -0.47%

median age: 38.7 years

official language: Russian

area: 17,098,242 km² (6,601,668 miles²)

GDP (PPP) per capita (2010): $15,900

key industries

  • food, textiles, consumer durables
  • autos, tractors, rail, shipbuilding
  • aerospace, defense industries
  • mining, metals, oil, gas, chemicals
Estonia flag

Estonia

population (2011): 1,282,963

population growth rate: -0.641%

median age: 40.5 years

languages: Estonian (official), Russian

area: 45,228 km² (17,463 miles²)

GDP (PPP) per capita (2010): $19,100

key industries

  • wood and wood products
  • textiles
  • engineering, electronics
  • IT, telecommunications
  Serbia flag

Serbia

population (2011): 7,310,555

population growth rate: -0.467%

median age: 41.3 years

official language: Serbian

area: 77,474 km² (29,913 miles²)

GDP (PPP) per capita (2010): $10,900

key industries

  • agriculture, food processing
  • clothes, furniture, tires
  • base metals, machinery
  • chemicals, pharmaceuticals
Georgia flag

Georgia

population (2011): 4,585,874

population growth rate: -0.326%

median age: 39.1 years

official language: Georgian

area: 69,700 km² (26,911 miles²)

GDP (PPP) per capita (2010): $4,900

key industries

  • wine, wood products
  • mining (manganese, copper, gold..)
  • steel, machine tools, aircraft
  • electrical appliances, chemicals
  Slovakia flag

Slovakia

population (2011): 5,477,038

population growth rate: 0.117%

median age: 37.6 years

official language: Slovak

area: 49,035 km² (18,932 miles²)

GDP (PPP) per capita (2010): $22,000

key industries

  • food, beverages, paper, printing
  • textiles, earthenware, ceramics
  • metal, metal products, machinery
  • electrical and optical apparatus

Slovenia flag

Slovenia

population (2011): 2,000,092

population growth rate: -0.163%

median age: 42.4 years

official language: Slovenian

area: 20,273 km² (7,827 miles²)

GDP (PPP) per capita (2010): $28,200

key industries

  • wood products, textiles, chemicals
  • lead and zinc smelting, electronics
  • ferrous metallurgy, aluminum
  • autos, trucks, machine tools
Hungary flag

Hungary

population (2011): 9,976,062

population growth rate: -0.17%

median age: 40.2 years

official language: Hungarian

area: 93,028 km² (35,918 miles²)

GDP (PPP) per capita (2010): $18,800

key industries

  • agriculture, food processing
  • textiles, construction materials
  • mining, metallurgy, motor vehicles
  • chemicals, pharmaceuticals
  Tajikistan flag

Tajikistan

population (2011): 7,627,200

population growth rate: 1.846%

median age: 22.6 years

languages: Tajik (official), Russian

area: 143,100 km² (55,251 miles²)

GDP (PPP) per capita (2010): $2,000

key industries

  • agriculture, food processing
  • mining (gold, silver, tungsten, coal)
  • hydroelectricity, textiles
  • chemicals, fertilizers, cement
Kazakhstan flag

Kazakhstan

population (2011): 15,522,373

population growth rate: 0.4%

median age: 30.2 years

official languages: Kazakh, Russian

area: 2,724,900 km² (1,052,085 miles²)

GDP (PPP) per capita (2010): $12,700

key industries

  • agriculture, electric motors
  • tractors, agriculture machinery
  • mining (coal, lead, zinc, copper,...)
  • oil and gas, construction material
  Turkmenistan flag

Turkmenistan

population (2011): 4,997,503

population growth rate: 1.138%

median age: 25.3 years

languages: Turkmen (official), Russian

area: 488,100 km² (188,456 miles²)

GDP (PPP) per capita (2010): $7,500

key industries

  • agriculture, food processing
  • textiles
  • oil and natural gas
  • petroleum products
Kosovo flag

Kosovo

population (2011): 1,825,632

population growth rate:

median age: 26.7 years

official languages: Albanian, Serbian

area: 10,887 km² (4,203 miles²)

GDP (PPP) per capita (2010): $6,600

key industries

  • leather products
  • machinery, appliances
  • base metals, mineral mining
  • construction material
  Ukraine flag

Ukraine

population (2011): 45,134,707

population growth rate: -0.622%

median age: 39.9 years

languages: Ukrainian (official), Russian

area: 603,550 km² (233,032 miles²)

GDP (PPP) per capita (2010): $6,700

key industries

  • agriculture, food processing
  • coal, electric power, chemicals
  • ferrous and nonferrous metals
  • machinery, transport equipment
Kyrgyzstan flag

Kyrgyzstan

population (2011): 5,587,443

population growth rate: 1.427%

median age: 25 years

official languages: Kyrgyz, Russian

area: 199,951 km² (77,201 miles²)

GDP (PPP) per capita (2010): $2,200

key industries

  • food processing, sawn logs
  • textiles, shoes, furniture
  • mining (rare earths, gold,..), cement
  • electric motors, small machinery
  Uzbekistan flag

Uzbekistan

population (2011): 28,128,600

population growth rate: 0.94%

median age: 25.7 years

languages: Uzbek (official), Russian

area: 447,400 km² (172,742 miles²)

GDP (PPP) per capita (2010): $3,100

key industries

  • food processing, textiles
  • mining (gold, copper, lead, zinc,...)
  • metallurgy, auto assembly
  • petroleum, natural gas, chemicals