All posts by Claudia Patricolo

Meghri Becomes Armenia’s Third FEZ

armenia emerging europe

The government of Armenia has set up the Meghri Free Economic Zone, close to its border with the Islamic Republic of Iran. The project, managed by the Ministry of Economic Development and Investments, aims to increase export-oriented production in Armenia and to attract more investors. This will be thanks to a preferential trade regime with the European Union and its being a member of the Eurasian Economic Union (EEU) on one hand, and a common border with Iran, on the other. Continue reading Meghri Becomes Armenia’s Third FEZ

Croatian Salaries Are Growing in Line With Other CEE Countries

Dubrovnik Croatia emerging europe

Salaries in Slovenia and Croatia are growing faster than in the five other countries that made up former Yugoslavia. According to the Croatian Bureau of Statistics, Slovenia pays the highest salary in the region at €1,050.78, immediately followed by Croatia where the average monthly salary amounts to €813.1, which is an increase of €63,47 compared to 2016. At the bottom we find the Republic of Macedonia with only €372,55. Continue reading Croatian Salaries Are Growing in Line With Other CEE Countries

Prospering Czechia Still Needs a Bigger Workforce

prague emerging europe

Czechia has the lowest unemployment in the European Union, at 2.9 per cent, says the recent Eurostat report. The country is followed by Germany (3.8 per cent) and Malta (4.1 per cent). Even though there are countries with lower labour costs, Czechia’s costs are still significantly lower than in Western Europe; the average hourly wage cost in the country is only €10.20 compared to €24.40. So, what else makes Czechia an attractive business destination? Continue reading Prospering Czechia Still Needs a Bigger Workforce

Romania To Stay Close After Brexit

Greg Hands

“Romania is a hidden gem in Europe, a country which is a very good place for investments but which also needs to promote itself in Western Europe and beyond,” Alain Pilloux, vice president, Banking, at the European Bank for Reconstruction and Development (EBRD) said during the EBRD Emerging Europe Outlook on Romania investment forum, held in June in London. He was pointing to the fact that in the first quarter of 2017, the country’s economy grew by 5.6 per cent.

Continue reading Romania To Stay Close After Brexit

Netherlands and Romania’s Love-Match Continues

romania netherlands emerging europe

For Frederic Beigbeder, the author of L’amour dure trois ans, love lasts three years but things are rather different in the case of the love that the Netherlands and Romania enjoy. Their relationship started in 1880, when the two countries began a diplomatic dialogue. Fast forward to 2017, and the Netherlands is the largest foreign investor in Romania with some 4,400 firms with Dutch capital. Continue reading Netherlands and Romania’s Love-Match Continues

Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Global Spread

Building a green economy is a new trend, now, for every country. But still, many countries are concerned about environmental limitations that can slow down the economic growth.

The emerging Europe countries are now entering a period of slower growth. Despite the fact that the income gap with Western Europe countries has become narrower, not everyone seems to have shared this prosperity. Enhanced policy structures and supportive reforms have helped these countries in the last decades, but nowadays the financial crisis is affecting these markets badly.

Continue reading Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Danish companies Support and Assist Ukraine’s Economic Transition

President of Ukraine Petro Poroshenko and Prime Minister of the Kingdom of Denmark Lars Lokke Rasmussen during a meeting in Kiev Ukraine

Ukrainian President Petro Poroshenko felt quite content, during his visit to Copenhagen in early April 2017, when he heard leading Danish companies that already work, or plan to invest, in Ukraine say that they had already noticed practical results of the reforms. “This is a very good advertisement for potential investors to come and work with us,” he said at a joint press conference with Danish Prime Minister Lars Løkke Rasmussen.

Continue reading Danish companies Support and Assist Ukraine’s Economic Transition