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
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
“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
The total value of the region’s national brands amounts to $1,289 billion, says the recent Brand Finance Nation Brands 2014 report, and is 16 per cent higher than in 2013. If combined, Poland, the Czech Republic, Romania, Hungary, Slovenia, Slovakia, Bulgaria, Lithuania, Croatia, Latvia and Estonia, are worth slightly more than Italy, the 11th country in the ranking. In 2013, the total value placed the whole region behind Russia, in the 12 position.
Emerging Europe’s average score in Transparency International’s Corruption Perceptions Index is going up. Since last year, it has improved by 1.5 points and reached 52 points in the scale between 0 as highly corrupt and 100 — very clean. Nine out of 12 Emerging Europe countries have scored better than last year.
Despite the sanctions imposed by the European Union and the US, Moscow wants to attract a large number of foreign investors. The City Hall has been working hard to develop a new investment strategy for the period of 2015-2025. The plan is to focus on increasing long-term investments connected with industrial development and invite international corporations to open their headquarters in the city. Moscow’s officials want to achieve that goal by making doing business easier.
The situation in Ukraine has made Belarus face some political and economic challenges. According to Raiffeisen Research’s Belarus Country Report 2014, despite being unlikely that Belarus will pull out of the plans to be a founding member of the Russian-led Eurasian Economic Union from 2015, recent events might cause Belarusian authorities to be less enthusiastic about deeper integration with Russia, in particular in the political space.