Western Ukraine Could Be an Entry Point into the Country

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

Do Your Homework First and Starting Business in Poland is Easier

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

Poland’s Political Shift — What Should Investors Expect?

Over the last decade Poland has made notable strides in improving local conditions for domestic and foreign businesses. In the World Bank’s Doing Business Report 2016 the country was ranked 25th globally, as opposed to 70th in 2011. That along with a massive EU fund influx €67.3 billion between 2007 and 2013 helped Poland see the levels of foreign direct investment (FDI) recover. In 2014, Poland attracted FDI of €13 billion. The year before,  foreign companies had invested a mere €112 million, according to UNCTAD’s statistics.  Continue reading Poland’s Political Shift — What Should Investors Expect?

World Bank’s Doing Business Report 2016 Resume For Emerging Europe

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

More FEZs In Macedonia Will Give an Even Bigger Boost To the Country’s Economy

Macedonia’s economy is set to grow by 4-4.5 per cent per annum between 2015 and 2017. The country expects to attract more foreign direct investment and grow its export. Free economic zones, whose export, in 2014, totalled €1.17 billion, or a third of the country’s total exports, are going to help achieve the government’s targets. Emerging Europe speaks to Viktor Mizo, CEO of Macedonia’s Free Zones Authority, about the government’s plans to increase the number of free economic zones. Continue reading More FEZs In Macedonia Will Give an Even Bigger Boost To the Country’s Economy

Czech Republic’s largest companies had the highest turnover growth in CEE in 2014

The 65 largest Czech enterprises recorded an impressive increase of turnover by 7.8 per cent — the highest growth of all countries, says the 7th Top 500 companies in Central and Eastern Europe — Coface CEE Top 500 survey. At the same time, the 73 largest Hungarian companies were able to increase their revenues by 5.6 per cent — three times as much as the total growth rate of the CEE Top 500 (2.1 per cent). There are 176 Polish companies in the CEE Top 500 representing 40 per cent of the whole turnover of the companies in the survey. Continue reading Czech Republic’s largest companies had the highest turnover growth in CEE in 2014