Entrepreneurial uncertainty in Central and Eastern Europe - A synthesis and agenda

Anand, Amitabh and Aydin, Šejma and Radević, Ivan and Knezović, Emil (2025) Entrepreneurial uncertainty in Central and Eastern Europe - A synthesis and agenda. VEZETÉSTUDOMÁNY, 56 (12). pp. 5-17. ISSN 0133-0179

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Abstract

Entrepreneurship in Central and Eastern Europe (CEE) has long been shaped by institutional instability, political volatility, and repeated shocks. This paper synthesizes findings from 42 studies to examine how entrepreneurs in this region navigate uncertainty. The systematic coding process revealed recurring themes, including institutional fragility, political involvement, responses to external shocks, digital innovation, migrant and cultural entrepreneurship, long-term reforms, and regional development. Evidence shows that entrepreneurs in CEE rely less on formal institutions and more on trust-based networks, pragmatic approaches to innovation, and practices rooted in identity. Events such as pandemics and the Ukraine war have exposed existing vulnerabilities, but also highlighted the adaptive strategies, including increased digital engagement and refugee entrepreneurship. Overall, entrepreneurship serves as both a coping mechanism amid crises and a catalyst for transformation in transitional economies. Based on these insights, the paper proposes strategies for institutional reforms, digital skills enhancement, and inclusive support systems.

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