Lower Costs and Cleaner Power Could Attract Manufacturing to Central Europe from Western Europe

Central Europe's manufacturing industry may benefit from high energy costs and restrictions in Western Europe.
Poland, Hungary, Czechia, Slovakia have competitive advantages like low labor costs and large talent pools.
These countries also have relatively clean electricity from nuclear, hydro and renewables.
Slovakia, Romania, Hungary aiming for over 70% clean electricity in coming years.
Lower costs and cleaner power could attract industries from high-cost countries like Germany.

reuters.com

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Posted 10/3/2023, 1:00:00 PM