Angola’s oil production is second largest in Africa and has been rising continually since the end of the civil war in 2002. Economic growth is expected to reach 6.2% in 2013, and 7.3% in 2014, driven by the expansion in the oil and gas sector and a public expenditure programme designed to encourage economic diversification, which has been already growing quicker then the oil sector in the past 3 years. Angola is Africa´s third largest economy but the one with higher growth potential. Many say it will surpass South Africa as the strongest economic powerhouse in the continent.
Since 2009 Central and Eastern Europe (CEE) has become increasingly attractive to investors due to their progressive adjustment programs to new financial environment together with significantly reduced current account deficits, highly qualified and flexible labor market and yet propitious cost structure.
Although still largely dependent on Western Europe and specially on Germany as main commercial partner, the region has in general sustainable public finances and keeps attracting foreign investment. The fundamentals of the region are very sound and to stay.