UK corporates are increasingly looking beyond Western Europe for growth. Central and Eastern Europe, with over 100 million consumers and a combined GDP of over GBP 1tr, is a region of remarkable potential and increasingly part of the discussion. Nevertheless, increased risk from local counterparties, and cultural and regulatory complexities can hinder successful trade. Writing in Treasury Management International, David Vials, Head of Corporate Coverage for UK & Ireland at UniCredit, explains how digital tools such as the Bank Payment Obligation can mitigate risks, while a trusted banking partner with local knowledge can help tackle the region’s complexities.
Click here to read the full article.