As credit continues to dry up, with increasing regulatory pressure on banks' capital requirements, the ability to raise funds on a stock exchange is becoming more crucial for businesses. For Michael Buhl, joint-CEO of Vienna Stock Exchange (VSE) and Central and Eastern European Stock Exchange Group (CEESEG) – which consists of the exchanges in Budapest, Ljubljana, Prague and Vienna – being part of a capital-raising process from the beginning to end in a diverse micro-climate such as central and eastern Europe (CEE) is what makes his job “incredibly exciting”.
The odd pairing, of individual market conditions in CEE and its collective growth potential as a dynamic region, requires an understanding of local cultures and histories of particular markets. “You have to understand the micro-climate of the exchanges in these individual markets," says Mr Buhl.
