Eastern Europe's Economic Growth Quiz

What significant event in 1989 marked the beginning of the end for the division between East and West Europe?

• The fall of the Berlin Wall

• The signing of the Maastricht Treaty

• The formation of the European Union

• The launch of the Euro currency

What was the primary goal of Poland's Balcerovicz Plan?

• To increase state control over enterprises

• To implement a planned economy

• To isolate Poland from Western influences

• To transition to a free-market economy

Which country is highlighted as a prime example of economic growth due to EU membership?

• Czechia

• Romania

• Hungary

• Bulgaria

What factor made Eastern Europe attractive for Foreign Direct Investment after the fall of the Soviet Union?

• Strict business regulations

• Low tax regimes

• High labor costs

• Limited workforce

Which Eastern European country is known for having the most IT professionals?

• Poland

• Slovakia

• Romania

• Hungary

What was a key strategy used by Romania to boost its IT sector?

• Offering near zero income tax rates to tech workers

• Increasing import tariffs

• Restricting foreign investment

• Reducing internet access

Which country emerged as the front runner in raising venture capital for startups in 2021?

• Estonia

• Czechia

• Poland

• Bulgaria

What strategic advantage does Bulgaria have due to its geographical location?

• Proximity to the Arctic Circle

• Proximity to the Sahara Desert

• Access to the Black Sea

• Access to the Pacific Ocean

What is a major challenge that Eastern Europe faces in catching up with Western Europe?

• High fertility rates

• Abundant natural resources

• Brain drain

• Excessive foreign investment

What is the expected trend for Eastern Europe's economic growth as it approaches Western Europe's level?

• It will accelerate

• It will slow down

• It will remain constant

• It will reverse