Eastern Europe is generally held to include: Belarus, Bulgaria, Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Slovakia and Ukraine. With the spreading of the European Union, many countries in Eastern Europe have experienced sharp growth in their economies, quality of life and cities. This has also boosted tourism, and now, culturally, the area is extremely diverse, as is reflected in the various business markets.
Many of the top US and UK international firms have offices in most, if not all, of the above jurisdictions. As you would expect, these firms tend to dominate the local legal markets in most of the countries, with only a very few local firms able to compete.
The principal demand is for:
- Banking and Finance
- Oil & Gas Projects
- Real Estate
It is not always essential to have local language skills, although any relevant language skills or prior experience of working in the area are looked upon very favourably.
Salary packages do vary enormously but you should expect a higher rate than London. Many firms pay a ‘net’ salary, plus cost of living allowance and with some firms you will get a substantial accommodation allowance.
Outside the Office
Life outside of the office in the various Eastern European jurisdictions is extremely diverse, and varies substantially from area to area. Cities such as Prague and Warsaw have recently become social hotspots, whilst retaining their historical charm and, accordingly, many nightclubs, bars and restaurants catering for the Western tourist market have now been established.