Hacker News new | ask | show | jobs
by buboard 2433 days ago
I found this podcast about estonia's digital economy very informative

https://www.youtube.com/watch?v=oTyOboVluxA

It's interesting how the East of europe seems to have similar aspirations. Growing, poor or former poor countries (Estonia, latvia, Romania, bulgaria, cyprus, malta) are bullish on using the EU status to attract foreign investors and enable entrepreneurship, including lowering their taxes, while the west of EU seems to be doing the exact opposite, sending their entrepreneurs abroad.

1 comments

Eastern Europe may have advantages in terms of bureaucracy. It's far easier to experiment with the rules when you don't have a huge number of existing businesses/processes that need to be changed, very similar to how it's easier to change an API in a newish products vs, say, Windows.

BUT: Eastern Europe also has huge drawbacks. In countries like Poland, Hungary, or Bulgaria, your risk of abrupt changes in the law (see above) or simply ignorance of the rule of law, is somewhat elevated compared to France, the US, or Germany.

And while these countries want to attract foreign investors, if you actually want to spend significant time in the country, or hire foreigners to work there, you better make sure your neither dark-skinned nor jewish.