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
Two twin towns, Valga and Valka, on the border of Estonia and Latvia, have launched a project to ease integration into other countries’ job markets and to help with language barriers, qualification confirmation and documentation. Continue reading Valga and Valka – Where Estonia and Latvia Work Together
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.
Almost every single economy in emerging Europe implemented at least one reform in the last year to improve their business environment. In consequence, as many as 16 economies in the region are featured in the Top 50 of the World Bank’s Doing Business 2016 report. Emerging Europe speaks to Rita Ramalho, Manager of the World Bank–IFC Doing Business, who has compiled a resume about the emerging Europe region especially for us, about how the reforms introduced have helped make doing business easier across the region. Continue reading World Bank’s Doing Business Report 2016 Resume For Emerging Europe
Join us at the seminar and you will:
√ see what makes Estonia so attractive for UK companies from the electronics sector
√ meet professionals from the Estonian Electronics Industry Association
√ hear about the experience of British companies who are already present in the country
√ interact with professionals, investors and the Estonian Investment Agency
√ network with industry peers
The European Bank for Reconstruction and Development (EBRD) is extending a €50 million financing package to Belinvestbank, the fourth largest bank in Belarus. The package will consist of two facilities: a €20 million line of credit to small businesses and the opening of a limit of up to €30 million available under the EBRD’s Trade Facilitation Programme (TFP). Continue reading EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus