1. Summary results of our bi-annual Central Eastern Europe business benchmarking survey June 2015

2. Content Respondents Country ranking Priority markets Hiring plans Headcount Marketing/sales cost Receivables Staff turnover Downtrading? Route-to-market CEE aggregate CE & Baltics aggregate SEE aggregate CIS aggregate By market: Albania Armenia Azerbaijan Belarus Bosnia-Hercegovina Bulgaria Croatia Czech Republic Estonia Georgia Hungary Kazakhstan Latvia Lithuania Macedonia Poland Romania Russia Serbia Slovakia Slovenia Turkey Ukraine Note: missing series mean insufficient responses for that sector.

3. The sector breakdown of member companies responding to our June 2015 business benchmarking survey

4. Countries by revenue and profit growth – results 2014

5. Countries by revenue expectations for 2015 December 2014 vs. June 2015 surveys

6. Countries by profit expectations for 2015 December 2014 vs. June 2015 surveys

7. Countries by revenue/profit expectations for 2016 Based on June 2015 survey

8. Priority markets for business development for the next three years

9. Top markets for hiring intentions over the next 12 months

10. Cutting headcount?

11. Cutting sales or marketing costs?

12. Difficulties with receivables

13. Have you seen higher staff turnover?

14. Downtrading?

15. Route-to-market

16. CEE aggregate Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

17. CEE aggregate Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

18. CEE aggregate Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

19. CEE aggregate Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

20. CE & Baltics aggregate Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

21. CE & Baltics aggregate Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

22. CE & Baltics aggregate Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

23. CE & Baltics aggregate Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

24. SEE aggregate Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

25. SEE aggregate Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

26. SEE aggregate Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

27. SEE aggregate Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

28. CIS aggregate Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

29. CIS aggregate Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

30. CIS aggregate Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

31. CIS aggregate Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

32. Results by market

33. Albania Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

34. Albania Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

35. Albania Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

36. Albania Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

37. Armenia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

38. Armenia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

39. Armenia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

40. Armenia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

41. Azerbaijan Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

42. Azerbaijan Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

43. Azerbaijan Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

44. Azerbaijan Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

45. Belarus Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

46. Belarus Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

47. Belarus Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

48. Belarus Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

49. Bosnia-Hercegovina Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

50. Bosnia-Hercegovina Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

51. Bosnia-Hercegovina Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

52. Bosnia-Hercegovina Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

53. Bulgaria Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

54. Bulgaria Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

55. Bulgaria Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

56. Bulgaria Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

57. Croatia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

58. Croatia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

59. Croatia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

60. Croatia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

61. Czech Republic Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

62. Czech Republic Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

63. Czech Republic Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

64. Czech Republic Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

65. Estonia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

66. Estonia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

67. Estonia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

68. Estonia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

69. Georgia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

70. Georgia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

71. Georgia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

72. Georgia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

73. Hungary Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

74. Hungary Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

75. Hungary Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

76. Hungary Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

77. Kazakhstan Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

78. Kazakhstan Latest forecasts: revenue and profit results by sector, 2014 From our December 2014 survey

79. Kazakhstan Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

80. Kazakhstan Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

81. Latvia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

82. Latvia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

83. Latvia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

84. Latvia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

85. Lithuania Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

86. Lithuania Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

87. Lithuania Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

88. Lithuania Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

89. Macedonia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

90. Macedonia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

91. Macedonia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

92. Macedonia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

93. Poland Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

94. Poland Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

95. Poland Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

96. Poland Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

97. Romania Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

98. Romania Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

99. Romania Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

100. Romania Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

101. Russia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

102. Russia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

103. Russia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

104. Russia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

105. Serbia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

106. Serbia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

107. Serbia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

108. Serbia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

109. Slovakia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

110. Slovakia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

111. Slovakia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

112. Slovakia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

113. Slovenia Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

114. Slovenia Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

115. Slovenia Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

116. Slovenia Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

117. Turkey Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

118. Turkey Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

119. Turkey Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

120. Turkey Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

121. Ukraine Corporate revenue and profit results and forecasts, 2014-16, all sectors Comparison of our December 2014 and June 2015 surveys

122. Ukraine Latest estimates: revenue and profit results by sector, 2014 From our December 2014 survey

123. Ukraine Latest forecasts: revenue and profit results by sector, 2015 From our June 2015 survey

124. Ukraine Latest forecasts: revenue and profit results by sector, 2016 From our June 2015 survey

125. Disclaimer, copyright, sources © 2015 CEEMEA Business Group* CEEMEA Business Group currently works with senior leaders of over 400 large multinational companies operating in the Central Eastern Europe, Middle East and Africa regions, helping them understand economic and business outlooks globally, regionally and at country levels. Regional and global executives also receive regular advice and updates on best practices for expansion and success in emerging markets. Executive members of the CEEMEA Business Group can also attend regular peer group meetings held throughout Europe and in Dubai. Source: GSA Global Success Advisors GmbH and CEEMEA Business Group research Basic data sources come from central banks, own intelligence network, CEEMEA Business Group corporate survey, governments and other public sources. Interpretation, views, forecasts, business quotes and business outlooks by GSA Global Success Advisors GmbH and CEEMEA Business Group. This material is provided for information purposes only. It is not a recommendation or advice of any investment or commercial activity whatsoever. Global Success Advisors and CEEMEA Business Group accept no liability for any commercial losses incurred by any party acting on information in these materials. Contact: Nenad Pacek, President and Founder, GSA Global Success Advisors GmbH; Co-founder, CEEMEA Business Group M: +43 676 646 0607E: nenad.pacek@globalsuccessadvisors.eu www.ceemeabusinessgroup.comnenad.pacek@globalsuccessadvisors.euwww.ceemeabusinessgroup.com *a joint venture between DT-Global Business Consulting GmbH, Address: Keinergasse 8/33, 1030 Vienna, Austria, Company registration: FN 331137t and GSA Global Success Advisors GmbH, Hoffeldstraße 1, 2522 Oberwaltersdorf, Austria Company registration: FN 331082k