Tax legislation updates are the zeitgeist in Austria right now, according to Taylor Wessing Partner Michaela Petritz-Klar, with the energy sector, cryptocurrencies, and online platforms being at the forefront of overhaul efforts.

Preparedness and adaptability are the Serbian keys to doing business in a changing and challenging environment, according to Partner Andjelka Todorovic of Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss.

After a bit of a slowdown following the start of the war in Ukraine, the Latvian markets bounced back, with the financial and energy sector being particularly active, according to Cobalt Partner Dace Silava-Tomsone.

Resolving the political deadlock in one of the Bosnian entities, tackling inflation, and a shortage of workers are among the most recent challenges in Bosnia and Herzegovina, according to Partner Zlatan Balta of Legal Partners, in cooperation with Deloitte Legal.

Strong efforts to protect the lira while keeping the economy healthy and vibrant in a time of global turmoil and uncertainty is the name of the game in Turkey, according to Guleryuz Partners Partner Zahide Altunbas Sancak.

Montenegro has reached a deadlock in appointing members of the judiciary, with cases being significantly delayed, while the government is on the verge of a vote of no confidence, according to Doklestic Repic & Gajin Attorney-at-Law Danilo Radulovic.

The Lithuanian legal landscape is being transformed, with notable changes taking place in the energy, tax, corporate, and employment sectors, according to Lextal Partner Vilma Sabaliauskiene.

With the pandemic slowly fading away, the Greek economy is reviving with a large number of projects in the infrastructure, tourism, and energy sectors, according to Bahas Gramatidis & Partners Partner Yanos Gramatidis. 

Despite economic forecast-related fears, there is plenty to be optimistic about in Croatia, with the country joining the eurozone and Schengen area next year, according to Divjak, Topic, Bahtijarevic & Krka Senior Partner Damir Topic.

Amid political turmoil, Bulgaria is trying to catch up with a backlog of parliamentary work, according to Penkov, Markov & Partners Chairman and Senior Partner Vladimir Penkov.

The digital sector remains the fastest-growing part of Serbia's economy, with big movements in battery, components, and electric vehicle production as well as technology and media, according to Gecic Law Founding Partner Bogdan Gecic.

The pandemic-related consequences and the reluctance of Scandinavian funds to invest in the Baltic states, with Latvia being considered a potential war zone, led to the re-evaluation of the country's most active sectors, according to Triniti Latvia Director of Business Development Eriks Blumbergs.