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
In Q2 2017, Latvia was the second fastest growing economy amongst 21 EU member states, and after Romania. According to Eurostat’s preliminary, seasonally-adjusted data, published in mid-August, the country’s GDP expanded by 4.8 per cent year-on-year. Continue reading Latvia Urged Not to Increase Expenditure As Economy Grows
“Bosnia and Herzegovina is a hybrid that does not work,” Milorad Dodik, President of Republika Srpska, one of two constitutional and legal entities of Bosnia and Herzegovina (BiH), said in May 2017. He is convinced that a referendum on the independence of this region will eventually take place. Continue reading Bosnia and Herzegovina: Focussing on Stability and Business Climate
Nine out of ten inhabitants of the city of Gdynia are happy with their lives, according to the latest Social Diagnosis, which measures the objective and subjective quality of life in Poland. Continue reading Gdynia: Combining Quality of Life With Business Potential
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
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
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
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
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
Poland is the world’s second most attractive location for IT outsourcing service providers.
The country’s main advantages are a large pool of talented people with high IT skills, a stable political and economic situation, continuous development, EU membership as well as recent improvements in infrastructure.
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.