22nd March 2017

Bloomberg: Look Out London: Budapest, Prague, Wroclaw Want Your Workers

As London braces for a post-Brexit talent exodus, central and eastern Europe is preparing for the opposite. Following years of brain drain in which elite graduates fled ex-communist nations for higher paying jobs in the West, the region now has more to offer. Companies including Goldman Sachs Group Inc. in Poland and Pfizer Inc. in the Czech Republic will contribute to a more than tripling of the finance, legal, research, design and other posts in the region to 1 million by 2025, according to the Association of Business Service Leaders, or ABSL, Bloomberg writes. 

At the center of the job boom are business-service hubs, where global companies do much of their heavy lifting in the European Union’s eastern wing. Initially focused on low-paying tasks such as call centers, the industry now employs highly qualified and multilingual staff to take on jobs once only handled in companies’ headquarters. 

Read more.

Members of the American Chamber of Commerce in the Czech Republic