The ICT sector, with over 420 firms, has been one of the fastest developing sectors in Bosnia and Herzegovina (BiH) over the last few years. According to the Foreign Investment Promotion Agency (FIPA), its share of the country’s GDP amounts to 80 million euros. In 2016, the number of IT people employed by ICT companies increased by 97 per cent compared to 2010, and net profits of ICT firms have doubled.
The Serbian Ministry of Trade, Tourism and Telecommunications, together with the country’s Competition Commission, has begun to draft new competition legislation, in order to improve the business environment.
The otherwise monotonous Baltic banking sector has recently seen some tremors with two Nordic banks Nordea and DNB merging into one business, Luminor, a new bank. There are also strong rumours regarding the possible arrival of a Polish bank, PKO, in Lithuania, the largest Baltic state.
As much as 354 billion złotys (82.5 billion euros) has been allocated to Poland from the European Union’s 2014-2020 budget. Halfway through the budgetary period, contracts worth some 131.5 billion złotys have been signed, and only 28 billion złotys have been paid to beneficiaries, about 8 per cent of the total amount.
Georgia is the easiest place in emerging Europe to do business, according to the latest edition of the World Bank’s Doing Business report, which compares conditions for doing business in 190 countries across the world. Among the top 20, Georgia, with a ranking of 9th, has implemented the highest number of business regulation reforms since the launch of Doing Business in 2003—a total of 47.
In a welcome boost for Romania’s burgeoning IT outsourcing sector, the American tech giant GoPro – best known for its action cameras – announced on October 27 that it would be expanding its presence in Romania. GoPro will be moving to larger premises in Timpuri Noi Square, a new development a short distance from the centre of the Romanian capital Bucharest.
Can Bulgaria be considered a new frontier for real estate investors? Yes, according to the latest investments.
Romania’s Prime Minister Mihai Tudose said on October 25 that the country’s budget deficit for 2017 was “under 3 per cent” and would “remain under 3 per cent.” His comments came a day after Eurostat published its own figures for the second quarter of 2017, which show that Romania is running by far the biggest budget deficit in the EU, at 4.1 per cent. The UK — whose economy is wracked with uncertainty regarding Brexit — is a distant second, with a deficit of 3.4 per cent. Continue reading Romania’s Budget Deficit ‘Should Start Alarm Bells Ringing’
With an unemployment rate of 7.5 per cent in August, Lithuania is facing a shortage of qualified workers. There are over 9,000 vacancies across the country and more than 70 per cent of employees claim finding workers is a challenge. Trying to solve the problem, Invest Lithuania, the country’s investment promotion agency, joined by over 30 foreign companies, has founded Work in Lithuania, a programme inviting emigrants back to the country. Continue reading Lithuania Wants to Bring Home its Skilled Workers
Central European Media (CME), which owns and operates a number of television stations across emerging Europe, including TV Nova in the Czech Republic, bTV in Bulgaria and Pro TV in Romania, has announced a big increase in revenue for the third quarter of 2017.
The clear winner of the Czech Republic’s parliamentary elections is ANO 2011, an anti-establishment political party founded by Andrej Babiš, a Slovak-born billionaire. Continue reading Czech Election Result Could Delay Euro Adoption Until 2025
Warsaw’s skyline, which in recent years has become one of the most impressive in Europe, continues to rise. A number of office buildings, with a combined total leasable area of around 760,000 sq metres, are currently under construction in the city, and almost half of them are skyscrapers. Warsaw’s current highest office building, Ghelamco’s Warsaw Spire will be joined by more skyscrapers: Varso Tower, Karimpol’s Skyliner, Golub Gethouse’s Mennica Legacy Tower or Ghelamco’s two other buildings — Warsaw Hub and Spinnaker Tower. Continue reading Warsaw Rising: The Polish Capital’s Skyline Gets Even Taller