The upcoming Hungarian parliamentary election, scheduled on April 3, 2022, is one of the most pressing political issues, as united opposition parties are competing against the ruling party, according to Kapolyi Law Firm Managing Partner Jozsef Kapolyi.

“The word that best describes recent times in Montenegro is uncertainty,” according to BDK Advokati Partner Luka Popovic.

The currency fluctuations in Turkey have resulted in challenges but have also created opportunities for investment in the country, according to Esin Attorney Partnership Partner Caner Elmas.

Strong M&A trends, developing market sectors, and a surprisingly booming economy is what Austria is buzzing about, according to PHH Partner Rainer Kaspar.

Political stability, managed inflation, and support plans for the most vulnerable social groups and businesses could ensure a financially stable year in Bulgaria, according to Tsvetkova Bebov & Partners Managing Partner Nikolay Bebov.

A booming economy – with some legislative updates hampering the smooth sailing of corporate operations – and frictions with China and Belarus are the key updates for Lithuania, according to Glimstedt Partner Andrius Ivanauskas.

Infrastructure, the Open Balkan initiative, and the ongoing judicial reform are the major topics in Albania, according to Tashko Pustina Partner Florian Hasko. 

While real estate is turning heads, according to CMS Partner Michal Miecinski, tax hikes and high inflation might present cause for concern in Poland, heading into 2022.

Vacant Supreme Court Justice positions, as well as the inability to appoint a Minister of Justice, is affecting the justice system and Montenegro’s EU integration prospects, says Vukmirovic Misic Managing Partner Lana Vukmirovic Misic.

The first regular government formed after three extraordinary parliamentary elections, with pending reforms on the horizon, are a source of moderate optimism in Bulgaria, according to Djingov, Gouginski, Kyutchukov & Velichkov Partner Violetta Kunze.

The Romanian market has been a “very hot one,” in recent months, and the year in general, according to Filip & Company Partner Alexandru Birsan, with entrepreneurs benefiting from easy access to funds.

The recent peaceful transition of power following parliamentary and local elections in Kosovo demonstrated the country’s commitment to democratic values, according to Vokshi & Lata Law Firm Partner Urim Vokshi.

While real estate in the country is still going strong, according to BPV Braun Partners Partner Miroslav Dudek, bankruptcy disputes and the financial problems of tenants from industries hit by COVID-19 restrictions are on the rise in the Czech Republic.

Even though changes could be in the pipeline for Serbia given the upcoming April 2022 presidential and parliamentary elections, the central Balkan country is in a state of stability and steady advancement, according to Radovanovic Stojanovic & Partners Partner Sasa Stojanovic.

Substantial changes for advocates, the economic impact of sanctions, and Russian banks and investors becoming more active as a result are the three topics at the top of Belarusian lawyers’ agendas, according to SBH Law Offices Partner Alexander Bondar.

Turkey's toughest challenges are inflation, exchange rates, and the devaluation of the Turkish Lira, according to Paksoy Partner Elvan Aziz.

Similarly to the rest of the world, the major factor affecting every aspect of life is COVID-19, however, despite the crisis, things are going rather well in Estonia, according to Lextal Partner Kristi Sild.

Bosnia & Herzegovina is going through the gravest political crisis since the end of the war in 1995, according to Prebanic & Jusufbasic-Goloman Partner Arela Jusufbasic-Goloman, but it is registering a stable financial sector and an increase M&A activity.