Covid-19 impact on central and eastern europe (cee) region attractiveness for private equity investments in global context / ; Covid-19 įtaka Centrinės ir Rytų Europos regiono šalių patrauklumui privataus kapitalo investicijoms pasauliniame kontekste.

Private equity investments have emerged in the world only in 1980s, however it took much longer for the knowledge to reach the CEE region where the first private equity investments began only in 2000s. Despite the fact that the private equity investments currently are perceived to be performing very well and the size of the investments grew more than 5 times in the CEE region in the past 15 years, the industry is still fragile, lacks knowledge, tradition and stability. As the private equity investments are one of economic catalysts, with the lack of stability, Covid-19, increasing the number of distressed investments, might have a crucial impact of CEE countries attractiveness for the private equity investments and further development. The research is based on the Venture Capital and Private Equity country attractiveness index developed by Groh et al. Evaluating the key factors having an impact of CEE countries’ ranking in the index, deriving the regression equation determining the ranking in the index, comparing the forecasts based on historical data with the forecasts derived using the regression equation and the most recent data on the key factors for CEE countries’ ranking in the index, and verifying the results with the changes observed following the global economic crisis in 2008 it is concluded that Covid-19 is expected to have a positive impact of CEE countries attractiveness for private equity investments in global context with an average increase by 5,4 places.