Given the institutional differences between European and Eurasia markets, what are the main challenges faced by TeliaSonera in Eurasia?

The European market and Eurasia markets are different in many ways.

Explanation:

The legal, economic and the regulatory systems in each of the country in Eurasia are highly bureaucratic, although market economy is in different phase transition. The operation of TeliaSonera in Eurasia tries to utilize the know-how mainly in communication, investments and infrastructure where institutional framework are in transitional phase from planned to the market economy and is its weaker than in Europe.

TeliaSonera, due to their weak institutional regulations and settings, faces challenges in Eurasia specially in the former USSR.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

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