Old partnerships between China and the former communist nations of Europe are being renewed for the 21st century. By Alice Gartland
“The history of central and eastern Europe since 1989 is a true success story of moving from a centrally steered economy to a market economy” says Andrzej Tokaj, a partner in the Warsaw office of Magnusson, a law firm with offices across the Baltic region.
“Even ash country is still dealing with historical burdens, the amount of growth and legal and commercial development is astounding” adds Vladimira Papirnik, managing partner of Squire Sanders & Dempsey’s Prague office.
There are echoes of China’s own economic development in such statements, and perhaps it is no surprise that Chinese investors are able to see the opportunities that central and eastern Europe – often abbreviated to CEE – present. Chinese companies are active across the region, investing in transport and logistics hubs in the Baltic states and solar power in Hungary, and building roads in Poland.
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