A sense of optimism has taken hold amongst Slovenian businessmen. According to the Institute for Strategic Solutions, many top business executives are looking positively at the year ahead. In the long term however, Slovenia needs to make comprehensive changes to preserve development and prosperity. Continue reading Slovenia: An Optimistic, Export-Led Economy with First-World Problems
Estonia is in the last month of its EU presidency. Having called itself the ‘digital presidency’ it is not surprising that many of the themes of this past month are digital: progression on the taxation of the digital economy and the free movement of data, approval of an ecommerce VAT package, and an agreement on further steps to develop 5G networks across Europe.
“If we’re too tough, we’re unlikable. If we’re too soft, we’re not cut out for the big leagues. If we work too hard, we’re neglecting our families. If we put family first, we’re not serious about work. If we have a career but no children, there’s something wrong with us, and vice versa. If we want to compete for a higher office, we’re too ambitious.” So writes Hillary Rodham Clinton in her new book analysing What Happened in the 2016 presidential election. Continue reading Women, to Tractors!
Mixed messages in the world of Slovakian business. While according to the latest figures published by the Business Alliance of Slovakia (PAS) the country’s business environment rating has fallen to 49.6 points (less than half its original starting value), in better news the World Economic Forum’s 2017-2018 Global Competitiveness Report (GCR) ranks Slovakia 59th, up six places on last year. Slovakia has alas dropped six places, from 33rd to 39th, in the World Bank’s Ease of Doing Business Report.
Half way through its term, how economically successful has Poland’s government been? Continue reading The Polish Government’s Mid-Term Report: Must Do Better
The leader of Albania’s Democratic Party, Lulzim Basha, has accused the country’s new government of being “the result of drug money,” going on to say that prime minister Edi Rama had killed, via June 25th’s elections, an agreement made jointly with the Democrats to enact constitutional and electoral reform. Continue reading Albania’s Economy Booms Despite Political Infighting
Prime Minister, Viktor Orbán, demands that the European Union refund 400 million euros, which is half the cost of Hungary’s border defence measures, in return for “protecting all the citizens of Europe from the flood of illegal migrants.” Continue reading Hungary Today: Potential and Challenge
In Q2 2017, Latvia was the second fastest growing economy amongst 21 EU member states, and after Romania. According to Eurostat’s preliminary, seasonally-adjusted data, published in mid-August, the country’s GDP expanded by 4.8 per cent year-on-year. Continue reading Latvia Urged Not to Increase Expenditure As Economy Grows
“Bosnia and Herzegovina is a hybrid that does not work,” Milorad Dodik, President of Republika Srpska, one of two constitutional and legal entities of Bosnia and Herzegovina (BiH), said in May 2017. He is convinced that a referendum on the independence of this region will eventually take place. Continue reading Bosnia and Herzegovina: Focussing on Stability and Business Climate
Nine out of ten inhabitants of the city of Gdynia are happy with their lives, according to the latest Social Diagnosis, which measures the objective and subjective quality of life in Poland. Continue reading Gdynia: Combining Quality of Life With Business Potential
When Ukraine makes the headlines, it is generally because of the war, which started in 2014, in the eastern part. This has hugely influenced the political and economic situation of the country, including the ease of doing business. However, it’s unjustified to think that, given the circumstances, investing in the whole country makes no sense. Continue reading Western Ukraine Could Be an Entry Point into the Country
New VAT forms that companies submit to the tax office and an updated list of products and services with a lower VAT rate are only a few of the procedures that have resulted from the Ministry of Finance’s five recent decrees. In July 2016, the Parliament approved new amendments to the VAT law in order to reduce informal economy. The Ministry of Justice plans on fighting the informal sector even further with terms of imprisonment for up to 25 years for tax fraud. Provisions against tax evasion have recently been introduced. Continue reading Do Your Homework First and Starting Business in Poland is Easier