Currently, around 7 million mainly young, skilled and educated Bulgarian, Czechs, Hungarians, Poles, Slovaks and Romanians (CEE-6) live and work in Western Europe. The return of even a relatively small portion of these would boost regional GDP, for example, by stimulating the development of real estate markets. Continue reading CEE Emigrants Could Boost Their Countries’ Economies
The Georgian Government’s local and foreign currency issuer ratings have been upgraded and the outlook remains stable. Continue reading Effective Policies Have Strengthened the Georgian Economy
Moody’s expects the positive economic momentum in Poland to continue for the rest of the year. The rating agency’s optimism resulted from the year-over-year real GDP growth of 3.9 per cent in the second quarter of 2017, published by the Central Statistical Office at the end of August. Continue reading Poland’s Q2 2017 Growth Is Stronger Than Expected
The Croatian economy is among the least unstable economies, Bloomberg global risk index reports. Out of 82 countries evaluated, the country ranks ninth, while in the top three we find Hong Kong, Switzerland and Singapore. The US closes the index. Continue reading A Risky Evaluation of Croatia’s Economy?
The Albanian construction sector is the biggest accelerator of the country’s economy. According to the Bank of Albania, it contributed to economic growth by 1.0 percentage point in Q1 2017. Continue reading Albania’s Construction Sector Supports the Country’s Growth
Half of Polish employers say they already face recruitment challenges which impact their companies’ development, says the latest Work Service report ‘Labour Market Barometer VIII.’ A third of them are struggling with personnel deficiencies, which prevents them from completing new contracts. Every eighth business has been forced to retreat from planned investments because of a shortage of candidates. Continue reading Polish Labour Market Deficits Are Impacting All
The Bulgarian city of Varna ranks first among the 22 cities evaluated by the World Bank’s Doing Business in the European Union 2017, as far as starting a business is concerned. Continue reading Business Standards Are High in SEE But Vary Widely
In Q2 2017, the Romanian economy expanded by 5.9 per cent, compared to the same period in 2016, according to a preliminary estimate by the National Institute of Statistics (INS). The figure marked an acceleration from Q1’s 5.7 per cent expansion and vastly overshot the market’s expectations of a slowdown to 4.8 per cent.
Continue reading Romanian Economy Grows Fast in 2017
Polish employers’ organisations are pressing the government to continue working on the, so called, Business Constitution, in a letter sent to the Deputy Prime Minister and the Minister of Economic Development and Finance, Mateusz Morawiecki. Continue reading Poland’s Business Constitution Must Be Finalised
The Czech Republic, Hungary and Poland are pushing the Euro adoption process towards an unknown future, despite the fact that, within the last few years, some of them have been able to participate in the in ERM II mechanism, for a period of at least two years before they can qualify to adopt the Euro. Continue reading CEE-Benefits and Disadvantages of Joining the Eurozone
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
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