Meghri Becomes Armenia’s Third FEZ

armenia emerging europe

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

Croatian Salaries Are Growing in Line With Other CEE Countries

Dubrovnik Croatia emerging europe

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

Prospering Czechia Still Needs a Bigger Workforce

prague emerging europe

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

Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Global Spread

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.

Continue reading Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Emerging Europe Makes Great Strides in Improving Business Regulation for Entrepreneurs

Skopje Macedonia

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

Slovenia is the CEE region’s leader in VAT collection

While VAT revenue collection has failed to show significant improvement across EU member states — 15 of them including Latvia, Malta and Slovakia saw an improvement in their figures and 11 such as Estonia and Poland saw deterioration — Slovenia leads the countries of Emerging Europe with only a 5.8 per cent VAT gap, compared to 15.2% of revenue loss due to fraud and evasion, tax avoidance, bankruptcies, financial insolvencies and miscalculation across the EU. Not only is Slovenia’s VAT gap the lowest in the region but in 2013 the country improved its VAT collection by 3.3 percentage points says a recent CASE report commissioned by the Directorate General for Taxation and Customs Union (TAXUD) of the European Commission. Continue reading Slovenia is the CEE region’s leader in VAT collection

Towards a resilient Europe, strategies for the future

The 25th Economic Forum in Krynica-Zdrój is scheduled on 8-10 September, 2015. “How to build strong Europe? Strategies for the future” is the title of the plenary session opening this year’s Forum. Participants in the debates will be looking for answers to the main challenges that the Old Continent has to address in the face of internal and external threats. The discussion will concentrate on economic and political issues inside the community, as well as security issues connected with the situation in Ukraine and North Africa. Continue reading Towards a resilient Europe, strategies for the future