Advantaged access to Profits
In brief
- A single but varied market
- Significant business incentives
- High and increasing productivity
- Cost-effective business environment
- Flexible labour market
Cost efficiency & high productivity
Business is about making money. Costs play a crucial role when deciding which markets to operate in, yet productivity is the key
to profit.
The Baltic Sea Region not only provides easy access to European markets: it is cost-effective. With the highest rates of industrial production growth in Europe, together with impressive levels of production efficiency based on ground-breaking IT technology, this equates to value for money.
One single market
The region acts as a single business market, allowing you to benefit from the salary differentials from country to country. Over the past decade, we have had an average productivity growth rate of twice that of the EU. Across the region, labour market flexibility is a key advantage.
Its potential as a production centre is further strengthened by the presence of an unrivalled logistical infrastructure, strong education systems with EU investment targeted at innovation (4.9 billion euro in 2006 alone), and one of the best-rated supplies of human capital in the world.
Business incentives
The region has nine Special Economic Zones/Free Ports, offering substantial business incentives including tax discounts, duty-free status and long-term leases at minimum rents.
Competitive Wage Costs
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Tax Friendly
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