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A vibrant technological ecosystem, driving massive amounts of M&A transactions in Turkey and continuing the trend of 2021 well into this year, is the most important recent takeaway, according to Nazali M&A Partner Nilay Duran.

The Russian aggression in Ukraine, raging for more than two months now, has affected the Czech Republic to a significant extent, impacting the prices of energy across all sectors. Coupled with the rising levels of inflation, the country finds itself out of balance, according to Rowan Legal Partner Jan Frey, who says it is quite hard to predict what the rest of the year will bring.

The major challenge faced by Serbia’s recently elected parliament is dealing with the war-related crisis, in particular, in the field of energy, according to Vulic Law Managing Partner Milos Vulic.

With inflation making its way through Europe, Romania was hit as well but the economy is still developing steadily, with energy, real estate, and infrastructure the sectors to look out for, according to MPR Partners Partner Dana Radulescu.

Montenegro’s new economic plan, together with tax and insurance-related reforms, aligns with the country’s aspiration to become an attractive destination for foreign investors and digital nomads, according to Milena Roncevic Pejovic, Attorney at Law in cooperation with Karanovic & Partners.

The refugee crisis and related organizational adjustments are the major challenges faced by Poland, according to DWF Country Managing Partner Michal Pawlowski."Times are extremely challenging and turbulent," Pawlowski begins. "The COVID-19-related situation was finally becoming normalized, after different strains, restrictions, and vaccination-related public discourse. However, since late February, we are facing an even more extreme situation, that is, the Russian invasion in Ukraine."

Slovakia’s biggest challenges, in light of the ongoing war in the neighboring country, are dealing with sanctions and seeking alternative sources of supplies for its automotive industry, and implementing renewable energy projects, according to Eversheds Sutherland Managing Partner Bernhard Hager.

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