industries

M&A activity in SEE – improving outlook

2014 was a limited success year for mergers and acquisitions (M&A) in Southeast Europe (SEE), but an analysis of deals already announced in 2015 indicates an improving outlook. In the past couple of years, the M&A activity in most SEE countries suffered to differing degrees from slower economic growth, the small size of the national consumer markets and political instability. Nevertheless, local specifics rather than common features tended to determine the main drivers of M&A in each country.

industries

Prolonged gas cuts during 2015/2016 winter unlikely amidst ward off effects from Ukraine crisis

Despite serious concerns at the beginning of the crisis, most of Western and Eastern Europe have weathered the impact of the Russia- Ukraine crisis relatively well so far, as the growth momentum in the Eurozone turned out stronger than the downward pressures from the crisis, caused by recessions in Russia and Ukraine and the sanctions/countersanctions.

innovations

LAUNCHub: SEE boasts talent-rich startup ecosystem

LAUNCHub is a 9.0 million euro seed fund, based in Bulgaria, investing in the most promising startups in Southeast Europe (SEE). Since 2012, LAUNCHub has invested over 3.5 million euro in 47 portfolio companies. Over 140 founders have joined the big family and in less than two years have managed to attract a further 3.5 million euro-plus of follow-on funding. As of September 2014, LAUNCHub’s portfolio includes companies from nine countries in SEE – Bulgaria, Romania, Slovenia, Croatia, Macedonia, Greece, Ukraine, Austria and Switzerland.

Label-Top-100

Bottomlines under more pressure as competition intensifies

The slow recovery in the European Union, Southeast Europe’s (SEE) main trading partner, the sluggish prospects facing nearly all economies in the region and shrunken domestic demand all left their mark on corporate bottomlines in 2013. At the same time, long overdue structural reforms, fiscal and regulatory volatility and poor infrastructure continued to be a drag on local businesses. Against this backdrop, the performance of the companies in the SEE TOP 100 ranking was expectedly lackluster – their combined revenues in 2013 were flattish, with nearly half of the entrants seeing a decline in their revenues.