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
Unlikely and unusual as it may seem, in a national general multi-subject primary school test, taken last May, final grade pupils in Kosovo achieved higher results in English than in their mother tongue. The subject with the second highest score was computer studies. Continue reading Kosovo: A Population of Talented Young Entrepreneurs Waits at Europe’s Door
SEE Link was officially launched at the end of March 2016, and is growing rapidly in terms of its member exchanges. The shared platform, which was originally set up by the stock exchanges in Zagreb, Sofia and Skopje, aims to rationalise and connect the relatively small capital markets of south-eastern Europe. It now has four new members that applied and will be connected to the platform this year: Ljubljana, Belgrade, Montenegro and Banja Luka. In addition the Athens Stock Exchange has recently submitted membership application and Bucharest intends to do so later this year.
Last year’s wire-tapping scandal, where the national security services allegedly recorded some 670,000 conversations from over 20,000 phone numbers illegally, paralysed the small Balkan nation of Macedonia. It is now a year later and the country, which has been an EU candidate since 2005, is trying to move on. Continue reading Macedonia — Stepping Out Of the Shadow Of the Balkans
“External factors should be generally supportive, with stronger growth momentum within the EU, low interest rates and quantitative easing by the ECB, subdued commodity prices and the stabilisation in Russia,” Paul Gamble, Senior Director at Sovereign Group, Fitch Ratings, tells Emerging-Europe.com. Continue reading Fitch And the World Bank: Economic Growth To Remain Solid Within CEE In 2016
Business people and government representatives from around the globe keep an eye on Central and Eastern Europe and often pay a visit to assess the region’s economic potential. Last September a large Brazilian delegation headed by Brazil’s Vice President, Michel Temer, came to Poland to discuss business and investment. Emerging-Europe.com speaks to David Barioni Neto, President of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil), about business opportunities between the two countries.
France may be Europe’s largest wine producer, but it is Georgia where wine was born.
It is said that wine production started about 7,000 or even 8,000 years ago and archeological remains found in the area suggest that as early as 4000 BC grape juice was placed in underground clay jars or qvevri to ferment during the winter. Last August, 43 ancient qvevries dated back to the 11-13th centuries were discovered by archaeologists at Khikhani Fortress, Adjara, Western Georgia. Continue reading Georgian and Moldovan Wines: Discovering the Old Tradition Anew
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
A fast-growing number of reciprocal business visits between the United Arab Emirates and Central and Eastern Europe, an increase in mutual trade and investment and, finally, very successful flight connections to cities like Warsaw or Prague, launched only a couple of years ago — Why Emerging Europe spoke to H.E. Abdulla Bin Ahmed Al Saleh, Deputy Minister of Economy of the United Arab Emirates, about the prospects of future collaboration between the UAE and the CEE region. Continue reading CEE offers enormous business opportunities, says UAE minister
Statistically, there are about 4,300 SEZs across the globe, which means that three out of every four countries has at least one SEZ, and more are constantly being added. Now even the Cayman Islands have a new SEZ. In the CEE region, only a few countries have opted to not develop zones. Why Emerging Europe speaks to Deborah S. Porte, a Special Economic Zone expert with over 25 years experience in the comprehensive design and development of various types of economic zones, transport and cargo hubs and technology parks in developing and post-conflict countries. She has worked for governments and institutions such as the World Bank, IFC, DFID, EU, ADB and USAID.
A decade after its establishment, the Belarusian Universal Commodity Exchange (BUCE) is the largest commodity exchange in Central and Eastern Europe with an average daily transaction value of €6 million in 2014 and more than 14,500 participants including over 3,000 foreign companies. Now, Emerging Europe speaks to Uladzimir Torchyk, Director for Strategic Development and Member of the Board of BUCE about how the commodity exchange can help EU companies to trade with CIS countries.