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This paper addresses the attractiveness of Central Eastern European countries for Venture Capital and Private Equity investors by the construction of a composite index. For the index's composition authors refer to the results of numerous prior research papers that investigate relevant parameters determining entrepreneurial activity and/or the engagements of institutional investors. Author aggregates the index via five different methods and receive country rankings that vary only slightly, signaling a robust index calculation. They benchmark the Central Eastern European countries with the EU 15 countries, Norway and Switzerland and identify six tier groups of attractiveness for all of the sample countries. They compare the index with the actual Venture Capital and Private Equity activities in the individual countries and reveal a reasonable correlation of both figures.
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