Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/318437 
Year of Publication: 
2025
Series/Report no.: 
Policy Notes and Reports No. 93
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
The Draghi Report recommended actions to secure the long-term EU competitive position but did not discuss the challenges related to specific countries or regional groups, including those of Central and Eastern European (CEE) countries. While CEE economies remain focused on manufacturing, especially the automotive industry, they are gradually shifting from being the EU's manufacturing hub to developing higher value-added activities. However, income convergence has slowed, suggesting the need to rethink their growth model. Our research highlights growth opportunities and suggests ways to reduce barriers to innovation. Policy should focus on three areas: strengthening human capital, fostering innovation, and addressing energy intensity and its relatively high costs. Key actions include increasing labour market participation, ensuring access to start-up finance and risk capital, and reducing the region's reliance on brown energy, particularly through grid and generation investment and the development of greener businesses.
Subjects: 
Competitiveness
trade
innovation
Central Eastern Europe
JEL: 
F14
F15
O11
O47
O52
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.