they account for 49% of finance, in more developed regions, 58%, and in transitional regions, 69%. Grants make up a larger portion of the financing in less developed areas. Intangible assets (R&D, software, training, and business processes) were invested in by firms in Central, Eastern and Southeastern Europe countries at a lower rate (24%) in 2022 than the EU average (37%). The proportion of enterprises aiming to prioritize innovation in new goods and services was higher in these regions (27%) than in the EU (24%) and the US (21%). Manufacturing enterprises (36%) and big firms (31%), in particular, have innovation as an investment priority. Among CESEE enterprises, Slovenia (38%) and the Czech Republic (37%), are the most likely to prioritize innovation. Over half of businesses (57%) altered their operations in response to COVID-19. The majority (44%), produced new items (26%), while a minority (16%) reduced their supply chain. Europe's level of productive investment has lagged behind that of the United States - by two percentage points of GDP annually since 2010, according to European Commission data. In comparison to 2021, there is a significant increase in the proportion of enterprises citing energy prices as a limitation to investment (87%), particularly those considering it as a substantial obstacle (63%). Infrastructure enterprises were somewhat more likely than other firms to invest insufficiently in 2022 according to survey data. The same was true for SMEs (21%) against large businesses (15%). Firms in Lithuania (28%) and Latvia (30%) are the most likely to believe they have invested insufficiently during the previous three years. The proportion of enterprises that believe they have overinvested was largest (but still minor) in Hungary (7%), Bulgaria (7%), and the Czech Republic (6%). Most companies in Central, Eastern and Southeastern Europe (59%), and the rest of the EU (57%) projected their revenues to be greater in 2022 than they were in 2019. COVID-19 has had a negative impact on 45% of the enterprises in those regions. Almost one-third of those surveyed (13% of total enterprises) did not anticipate a recovery, whereas the vast majority did. Even throughout the pandemic, 41% of enterprises observed an increase in revenue, and the majority of them predicted stronger sales in 2022. Transport Transport in Europe provides for the movement needs of over 700 million people and associated freight. The political geography of Europe divides the continent into over 50 sovereign states and territories. This