Some people blame their parents for what they later become in life. I am certainly no different. Back in the early 1990s my father suggested that I should ‘Go east. That’s where the opportunities are.’ With those words in mind I enrolled at the School of Slavonic and East European Studies to study Romanian language and literature. More than two decades on things have not turned out too badly. Neither for me nor the region.
Time flies and, now, almost three decades after the fall of the Berlin Wall, few people remember that, unlike in the majority of Central and Eastern European countries, in Romania, the road to freedom, democracy and a market economy was more costly. Romania was the only Eastern Bloc country whose people overthrew its Communist regime violently and who executed their long-time leader Nicolae Ceaușescu and his wife, Elena. Continue reading Romania — Decades After Two Milestones
For us, emerging Europe is a region that comprises 23 countries — some of them belonging to the European Union, some believing they will join the Bloc soon and still others having chosen the Eurasian Economic Union. Are they New Europe, New Eastern Europe, Eastern Europe, Central and Eastern Europe or maybe emerging Europe? Is it something else again? Continue reading Emerging Europe Has Already ‘Emerged’ for the Most and it’s a Transition to Be Proud Of
I have been to Ukraine quite a few times but I don’t think I will ever forget my visit to Kyiv in November 2013. Not that it was special for me in any way, but it did mark the end of the pre-Maidan Ukraine. The events that unfurled only about ten days after I left to return to London, resulted first in President Yanukovich’s escape to Russia and, finally, in an ongoing military conflict in the eastern part of the country.
The new year has just begun and already it has brought a few events that will have a massive impact on what emerging Europe will face in 2017: on 17 January, the British Prime Minister laid out the foundations and the 12 objectives for untangling Britain from the European Union; three days later, the inauguration of Donald Trump, as the 45th president of the United States, marked the commencement of his four-year term. Less than a week later, the two politicians met to discuss the “special relationship” between the US and the UK. Continue reading January Kicks Off an Exciting Year for Emerging Europe
At the end of October 2016, the World Bank published its “Doing Business 2017” report and ranked Belarus 37th. It also included the country in the list of the ten most-improved economies. This clearly reflects the changes the country has been going through over the last few years, and there are quite of few of them. Continue reading The Reality Is More Interesting Than the Misconceptions
During the global financial crisis, which started less than a decade ago, the CEE countries suffered as a result of a heightened risk aversion on the part of international investors towards the region. The recent UK referendum’s decision to leave the European Union has plunged Europe into global economic instability and uncertainty again. Currently, it is widely expected that the negative effects of Brexit will be more severe for Central and Eastern Europe (CEE) than for other EU economies. Continue reading What Is the Post-Brexit Future of Foreign Direct Investment in Central and Eastern Europe?
Reality, as we Europeans knew it, is gone now. It’s been replaced by worry, concern, uncertainty and insecurity. Within the first 24 hours since the official result of the EU referendum was announced we have seen global stock markets lose about $2 trillion in value; Sterling suffered a record one-day plunge to an over 30-year low, which resulted in France overtaking the UK as the world’s fifth largest economy.
This week’s Emerging Europe Diplomats’ Meeting was the first in a series of events addressed at diplomats residing in London. It re-raised the dilemma of how to refer to that region, which comprises 23 countries, with some of them belonging to the European Union, some believing membership will come soon and still others having chosen the Eurasian Economic Union. Are they New Europe, New Eastern Europe, Eastern Europe, Central and Eastern Europe or maybe emerging Europe? Is it something else again? Continue reading Let’s Stop Wasting Time Redefining our Place in Europe
Did you know that mobile data traffic grew by 74 per cent, globally, in 2015 alone? Cisco Visual Networking Index says that at the end of 2015 global mobile data traffic reached 3.7 Exabytes per month (or almost 4 billion Gigabytes, if you like). That is up from the figure of 2.1 Exabytes per month, only a year earlier. In 2015, mobile offload exceeded cellular traffic for the first time ever and mobile video traffic accounted for 55 percent of the total mobile data traffic. It is estimated that by 2020 three-fourths of the world’s mobile data traffic will be video. This means that mobile video should increase 11-fold between 2015 and 2020, and will eventually account for 75 percent of the total mobile data traffic, by the end of the forecast period. Continue reading Emerging Europe Live — Discussing CEE Business Live On the Net
When asked what is the world’s largest property and location promotion event, anyone who knows about the topic will say it’s MIPIM, or Marché International des Professionnels de l’Immobilier. This is a forum that brings together the most influential players from all international property sectors, as well as local and regional authorities who are looking for potential investors. Continue reading MIPIM 2016 — Exploring Property Investment Opportunities Across Emerging Europe
Georgians figured it out pretty well. They won’t let you enter their country in a bad mood. You might have sat next to a grumpy or noisy neighbour on your flight but the moment you reach immigration and the passport control officer hands you a bottle of Georgian Saperavi wine you should consider yourself bought by the people’s never ending hospitality and feel certain you’re going to love the country. That is what happened to me last week. Continue reading My Inebriating Journey Across Emerging Europe