"How does supply and demand work in socialism? You buy what is available and persuade yourself you need it."
In January, Erste Group held a panel discussion on the subject "Twenty years after – the future of capitalism in CEE“. Representants of four industries – banking (Andreas Treichl, CEO Erste Group), consumer goods (Janusz Kulik, board member REWE International), automotive (Jacques Chauvet, Senior Vicepresident Renault) and media (Adrian Sarbu, CEO Central European Media Enterprises) – discussed the transformation of CEE after 1989, the impact of the financial crisis, the region’s prospects and its growth potential. A 6 min movie shows the main statements of the speakers. The event was accompanied by a mini-exhibition with four corners dedicated to four of the needs that impact people’s everyday life: the way people dress (clothing), the things they eat (food), how they get their information (media) or the way they bank (financing). A 6 min movie shows pastpresent paradigm, contrasting life under communism with the transition period until today.