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
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
In Q2 2017, Ukraine’s GDP growth rate reached +0.6 per cent, compared to -0.3 per cent in Q1. Continue reading Ukraine’s Q2 Growth Climbs
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.
Emerging European economies offer a sound business regulatory framework. According to the World Bank Group’s Doing Business report, four economies in emerging Europe are in the global top 20 for the ease of doing business rankings. They are the former Yugoslav Republic of Macedonia (ranked tenth out of 190 economies), Estonia (12), Latvia (14) and Georgia (16).
Continue reading Emerging Europe Makes Great Strides in Improving Business Regulation for Entrepreneurs
The Belarusian economy is expected to grow by 0.7 per cent in 2017, says the outlook from FocusEconomics Consensus Forecast Belarus — November 2016. That growth will help GDP to slightly exceed the 2014 per capita figure of $7,048, by 2020. Continue reading Belarus’ Economy Is Slowly Recovering From Past Declines
The International Monetary Fund (IMF) is convinced that postponing reforms in Belarus would cause more problems than conducting them.