In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda, MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region
Poland’s deputy prime minister and minister of economic development and finance has a new plan to attract investment. Mateusz Morawiecki wants to replace the existing 14 special economic zones with one that will cover the entire country. The new law is expected to come into effect at the beginning of 2018. Continue reading Poland Is Set To Become a Large Economic Zone
Can a single economic space spanning from Lisbon to Vladivostok exist? Is a closer collaboration between the European Union (EU) and the Eurasian Economic Union (EEU) possible? The time will show but the idea has already been developed and has been included in the Berlin Memorandum. Continue reading Doing Business Across Eurasia Could Be Easier
The fuel and energy-related industries are allegedly corrupted areas of the Ukrainian economy, a recent report suggests. According to the National Anti-Corruption Bureau of Ukraine (NABU), the damages amount to UAH 20 billion (€650 million). Continue reading Investigations Into the Corrupt Ukrainian Fuel and Energy Sectors
Estonia might be the first country in the world to offer its own token through an Initial Coin Offering (ICO). ‘Estcoins’ would be managed by the Republic of Estonia, but accessed by anyone in the world through its e-Residency programme. They would be launched through an Initial Coin Offering (ICO), which would enable companies to crowdfund their finance and incentivise a wide range of people to help grow their businesses.
Continue reading Estcoin: Estonia’s Own Digital Currency?
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
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
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.
The government of Albania believes free economic zones will spur the development of the Albanian economy and has launched the new Technical and Economic Development Areas (TEDAs) programme. The Ministry of Economic Development, Tourism, Trade and Entrepreneurship (MZHETTS) will soon start the tendering procedure for the selection of developers in these areas. Continue reading Albania is creating three free economic zones
The Germany-based market leader in packaging solutions Multivac is ready to invest €15 million into the construction of a new production facility in Bulgaria. This became clear at a meeting of the Minister of Economy, Bozidar Lukarski, with Christian Trauman, Manager of “Multivac”, and Ivaylo Dimitrov, who manages the Bulgarian branch of the German company.
On 10 September 2015, the Municipality of Plovdiv, Bulgaria’s second largest city, jointly with InvestBulgaria Agency, is organising the Outsourcing Destination Bulgaria Business Forum. The city has established itself as the second largest centre of investments in the sector of IT and outsourcing business process in Bulgaria, after the capital, Sofia.
Over 150 business people and political leaders from Bosnia and Herzegovina, Croatia, Serbia, Slovenia, Macedonia and Montenegro took part in the 5th Regional Conference Business Plus, whose title was “Economy builds bridges”, held on 3 July 2015 in Mostar, Bosnia and Herzegovina. Continue reading Economy builds bridges in Mostar