New Britain, CT builds ties with Poland

Friday, September 05, 2003

Here's an interesting story of how a smaller community is building business connections in Eastern Europe.
Go.

This move is smart. Market dynamics in Eastern Surope are shifting. Ten Central and Eastern European countries about to join the European Union's single market. (In 2004, 10 new states -- Cyprus, Czech Republic, Estonia, Hungary, Malta, Latvia, Lithuania, Poland, Slovakia and Slovenia -- will join the European Union. That's about 75 million people.)

Auto manufacturers, especially, are interested in Eastern Europe. As one analyst notes:

"The big thing that's driving the East European industry at the moment is the fact that countries like the Czech Republic, Hungary, and Poland are about to join the EU. This really makes starting up a new factory in Central Europe very, very attractive to vehicle manufacturers, especially the Japanese and the Koreans, who want to increase their market share in Western Europe. Because if these countries all become part of the European Union, it means they can build a new factory, on cheap land, with nice government grants, and a well-trained labor force."

Read more about what is going on in Eastern Europe. Go.

Today in our history of innovation...

In 1885, Sylvanus Bowser, inventor of the first U.S. gas pump, made his initial sale to Jake Gumper, owner of a service station in Fort Wayne, Indiana.

posted by Ed Morrison |

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