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Chemieanlagenbau — Märkte im Osten
Author(s) -
Jaeschke Lothar
Publication year - 1994
Publication title -
chemie ingenieur technik
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 36
eISSN - 1522-2640
pISSN - 0009-286X
DOI - 10.1002/cite.330661103
Subject(s) - legislation , order (exchange) , business , state (computer science) , market economy , industrial organization , international trade , economic system , economy , economic policy , engineering , economics , political science , finance , computer science , algorithm , law
Market for Chemical Plant in Eastern Europe. For reaching changes in the former Comecon countries have led to totally altered market structures, and these developments are continuing. The most serious problems arise from the precarious financial situation, altered and unclear decision processes, also with regard to the difficult disbanding of the state sector, and above all the totally inadequate economic legislation. Since the former Comecon countries will undoubtedly be one of tomorrow's main markets, western plant constructors must already give this market very serious attention, although it will take some considerable time until complete economic stability is reached. Collaboration with local partners is often a good way of consolidating a market presence, with a range of possibilities including cooperation, joint ventures, or purchase of a local company. Setting up one's own company is an alternative approach. Which ever route is selected, it is of greatest importance that the customer is extensively involved in all stages of completion of the order.