Are you looking at business opportunities in the Baltics and the CEE Area?
On January 26 Selestra and Equity & Grant ran a seminar for Swedish companies in Stockholm focussing on outsourcing and business opportunities in the Baltic States. This was the first of a number of seminars that will explore issues around right shoring/near shoring and developing market opportunities and business internationalisation for Nordic counties that will be held in Scandinavia.
The next seminar will explore issues that have faced EU companies that have off shored to China and India and also the reasons why some companies that took that decision are now bringing their business operations back to the EU. It will also give an in depth overview of the near shore opportunities offered by the baltic States of Lithuania, Latvia and Estonia. The next seminar will be held in Stockholm on Wednesday 18 March 2015. Ticket available at
Overview of some of the issues that will discussed
On Wednesday 18 March Selestra and Equity and Grant will host a conference seminar in Stockholm. The Seminar will explore issues that have faced EU companies that have off shored to China and India and also the reasons why some companies that took that decision are now bringing their business operations back to the EU. It will also give an in depth overview of the near shore business opportunities offered by the Baltic States of Lithuania, Latvia and Estonia as well as other CEE states.
Taking the decision to offshore business processes can be a beneficial business decision; it can also create issues and problems. This seminar is designed to explore the wider issues of off shoring and will present the concept of “right shoring” as a solution. Within the EU there are a number of States that offer full EU legal protection to businesses that choose to operate there but also offer significant cost advantages to do so as well close geographical proximity.
One of these regions is the Baltic states/CEE area and we believe there are compelling reasons for Scandinavian companies to consider these states against the usual far eastern choices (China, India and the Pacific Rim), The Baltics states/CEE region is developing quickly and shows parallels with the “Celtic Tiger Boom” that occurred in Ireland in the 1990s.. The Baltic States joined the EU in the early 2000s and have made the transition to Free Market Economies and have adopted a pragmatic view towards doing business. Buy your tickets
The Baltic States/CEE region has received strong financial support from the EU and International Investors; the economies have come out of the 2008 “crisis” with positive economic growth. Approximately 45 billion € has been allocated from the EU to (Estonia, Latvia, Lithuania). Much of these funds have been allocated for infrastructure and public projects. There is also substantial financial support for foreign investors that wish to establish and grow their business in these areas. There are several Special Economic Zones that offer low or no corporate tax. The 18 March seminar will examine wage differentials between Sweden and the Baltic states and the advantages this offers to Swedish Companies as well as a sectoral analysis; Average wages in the Baltic States are below 750 euros per month.
The seminar will also the range of opportunities currently available to foreign companies and answer questions such as, “Why should a Swedish company look at the Baltic States as a market in which to develop business”. During the next event we will go in-depth about how to make a “right shoring” decision and the opportunities and possibilities offered by the Baltic states and the CEE area including the tax and cost opportunities offered in these locations.
Video Highlights from the January Conference:
1. Do you have the skills necessary to internationalise your business?
2. Are your staff costs impacting profitability?
3. Do operational concerns distract from your focus on innovation and growth?
4. Do your customer service levels exceed the expectations of an increasingly demanding market?
5. Is fulfilment a bottleneck?
6. Have you considered outsourcing non core business processes?
7. How do you identify these processes and the partners necessary to ensure success?
8. Is your company ready for change?
9. Do you have the expertise to manage the transition?
10. We can help you prepare, execute and manage for success
From left to right: Mark Gaskell, Chris Beaumont, David Roshan, Paul Clarke
For our upcoming event we have confirmed speakers:
Mark Gaskell, Chairman Equity & Grant
David Roshan, CEO Selestra
Andrius Nikitinas; Ministry of the Economy, Republic of Lithuania
Paul Clarke, Director Equity & Grant
Chris Beaumont, Director Equity & Grant