The country has free trade agreements with the European Union, Russia and the Eurasian Economic Union as well as Turkey and the United States. EU membership will open up new opportunities but might close others, Radoš Gazdić, Head of Strategic Investment Department, Development Agency of Serbia, tells Emerging Europe. He also announces the roadshow Serbia is planning in September, for across the UK.
Flat tax rates, a highly-skilled labour force, government subsidies and unsaturated markets in many areas make the Western Balkan region an interesting business location. What is being improved now are: the rule of law, fighting corruption and bringing more stability, says Rastko Petaković, Managing Partner at Karanović & Nikolić.
The triggering of Article 50 and the government’s indication that the UK would leave the single market, have enabled companies to start making the necessary arrangements and planning for Brexit, Anne-Marie Martin, Chief Executive of the Council of British Chambers of Commerce in Europe told Emerging Europe.
There is no discussion about innovation in the European banking sector without acknowledging the achievements of Polish banks in the area, Wojciech Sobieraj, CEO at Alior Bank, tells Emerging Europe.
In 2016, almost 6.5 million international tourists visited Georgia, twice as many as the country’s population. Valeri Chekheria, CEO at Adjara Group Hospitality, talked to Emerging Europe about the country’s tourism potential.
EBRD President Sir Suma Chakrabarti summarised decisions and highlights of the 2017 Annual Meeting in his closing press conference.
EBRD Chief Economist Sergei Guriev and Director, Country Strategy & Policy Artur Radziwiłł presented the latest Regional Economic Prospects publication, the Bank’s half-yearly forecast for the regions and countries where it invests.
The Opening Session of the Board of Governors took place in the morning of Wednesday 10 May, with addresses by HE Mr Nicos Anastasiades, President of the Republic of Cyprus, Mr Pierre Gramegna, Minister of Finance for Luxembourg and Chair of the Board of Governors; and Mr Suma Chakrabarti, EBRD President.
There are high expectations of recovery in global economic growth, Dr Platon Monokroussos, Deputy General Manager at Eurobank Ergasias and the Group Chief Economist, tells Emerging Europe.
Weak and super-sensitive Bosnia and Herzegovina finds security in the European Union, Mirko Šarović, Deputy Chairman of the Council of Ministers and Minister of Foreign Trade and Economic Relations, tells Emerging Europe.
The de-dollarisation strategy will open new opportunities to invest in the local currency, Archil Mestvirishvili, Deputy Governor of the National Bank of Georgia, tells Emerging Europe. Continue reading High Dollarisation the Largest Challenge for Georgia’s National Bank
Italian UniCredit wants to acquire 2.6 million net new clients in the region, says Carlo Vivaldi, Head of CEE Devision, UniCredit, tells Emerging Europe.
(photo: courtesy of UniCredit Slovakia)