The attractiveness of central and eastern Europe as a location for corporates’ shared service centres (SSCs) continues to grow. Emre Karter, deputy head of global transaction services for CEE at Citi, estimates that there are 338 in CEE. “Many serve the CEE and some also serve EMEA or even perform global functions,” he says.
Kai Grosse, head of CEE, cash management and international business at Commerzbank, also confirms that “the eastward shift of SSCs is still occurring”, with Bratislava in Slovakia favoured by companies such as Deutsche Telekom because the country is a euro member and it remains relatively cheap.
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