Countries of Central and Eastern Europe, which joined the European Union between 2004 and 2013, have seen rising standards of living and are ranked amongst some of the most socially advanced countries worldwide, according to the Social Progress Index (SPI). Continue reading EU Membership and Transition into Market Economies Have Helped CEE Achieve Social Progress
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
Kaunas, Lithuania’s second largest city, has historically been a leading centre of the country’s economic, academic, and cultural life. Now Kaunas is in the spotlight as the city was heralded as the Emerging City of the year in Central and Eastern Europe during the recent Shared Services And Outsourcing Awards. Emerging Europe spoke to Visvaldas Matijošaitis, Mayor of Kaunas, about the city’s strengths and prospects for future growth.
The Czech Republic’s capital city has been ranked 68th in Mercer’s Quality of Living 2015 Report, thus offering the highest quality of life in Emerging Europe. Prague is closely followed by Budapest and Ljubljana (both ranked 75th) and Vilnius and Warsaw (ranked 79th).
Łódź is one of Poland’s youngest cities not only because it was transformed from a tiny town into a modern industrial centre less than 200 years ago and is now the country’s third largest city but also due to the city’s numerous programmes attracting young Poles to work and settle down in the city.
Łódź, Poland’s third biggest city, has the best strategy for attracting foreign direct investment, says the inaugural fDi Magazine’s Polish City of the Future 2015/2016 ranking. The city located in the centre of the country is followed by Katowice, Wrocław, Gdańsk and Kraków. The list of Top 15 also includes smaller cities like Piotrków Trybunalski, Białystok, Dąbrowa Górnicza, Krosno, Gdynia and Stryków and, surprisingly, no Warsaw.
The GDP of Mazowieckie, Śląskie, Wielkopolskie, Dolnośląskie, Małopolskie and Łódzkie amounts to 66.4 per cent of Poland’s total gross domestic product, says the recent Central Statistical Office’s ranking for 2013. Mazowieckie, the country’s largest region, both in terms of population and area with the capital city of Warsaw, is the country’s richest province and generates more than a fifth of Poland’s GDP (21.9 per cent).
As one of the newest members of the European Union and 15th largest countries in Europe, the potential for economic growth and possibility for doing business in Bulgaria is endless. The country’s population count is at 7.97 million, with the market that comes with it. So investors looking to export to a country, which also happens to offer some of the most competitive business costs in the region, should look to Bulgaria’s lowest tax rates in Europe and generally low labour costs. Continue reading Recovering GDP Growth In Bulgaria Points To a Thriving Bulgarian Economy