Poznan: Translating Entrepreneurship into Understanding Business Services

For Poznań, Poland’s fifth largest city, 2016 was a fantastic year. Not only were 1,700 new firms set up, taking advantage of the city’s convenient location between Warsaw and Berlin, but also Poznań attracted more tourists — the number of overnight stays skyrocketed by 18 per cent. In addition, the manufacturing and retail sector grow by nine and thirteen per cent respectively, labour productivity increased by six per cent and unemployment didn’t even reach two per cent — the lowest in Poland.  Continue reading Poznan: Translating Entrepreneurship into Understanding Business Services

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

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

Estonia leads the Opportunity Index in Emerging Europe

Estonia and the two other Baltic states —Latvia and Lithuania— are Emerging Europe’s winners of the Milken Institute’s Global Opportunity Index — Attracting Foreign Investment across four broad categories: economic fundamentals, ease of doing business, quality of regulation, and rule of law. Estonia ranked 12th and was followed by Latvia (29th) and Lithuania (37th). The leader got its highest note for the quality of regulations, Latvia and Lithuania — for the ease of doing business.

Continue reading Estonia leads the Opportunity Index in Emerging Europe