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Eastern Europe: E.U.'s emerging tech hub?

Posted: 25 May 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Eastern Europe? tech hub? semiconductors industry?

Frost & Sullivan said it believes Eastern Europe possesses the right ingredients to come up with the perfect brew to lure the best in the electronics and semiconductors industry.

"Eastern Europe [EE] has the right mix of steady economic growth, comparatively low-cost labor and the presence of trained and qualified manpower," notes Manoj Chengalath, a research analyst with the business research and consulting firm.

He cited the European Union's recent expansion to include the Czech Republic, Hungary and Poland as a key reason for the development, noting that their membership brought more investment opportunities for companies and access to more funds for research and development, as well as for infrastructure development. Member-nations are also poised to reap the fruits of the "Lisbon Strategy," which aims to make the region a truly knowledge-based economy by 2010.

"Thus semiconductor companies should increasingly be contemplating EE as an alternative, up-and-coming investment destination and take advantage of the investor-friendly policies and incentive packages rolled out by the respective governments," Chengalath said.

The Economics Research and Analytics Group at Frost & Sullivan will hold its 2007 Quarterly Analyst Briefing Presentation on the Eastern European semiconductors market next week. The briefing will include highlights on the political and economic backdrop of the countries, as well as industry-related government policies.

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