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.
With an average monthly income of almost BYR 7 million (€419) across the country and close to BYR 9 million (€520) in Minsk, Belarusians earn roughly the same as Bulgarians and Romanians but their expectations are high.
Central and Eastern European cities are climbing up the Top 100 Outsourcing Destinations ranking issued by Tholons, a services globalisation and investment advisory. Poland’s Wrocław jumped by three positions, Warsaw — by two, Prague, Budapest, Bucharest, Sofia, Tallinn, Ljubljana — by one.
Polish special economic zones are one of the key tools for boosting Poland’s appeal and ensuring the further economic growth. According to KPMG, the total investment projected by the end of 2014 amounted to 149 billion Polish zloty or 35 billion euro, with companies creating 287,000 jobs. Located in almost all regions, the 14 special economic zones have a total area of over 18,000 hectares. On average, less than 2/3 of available land is already occupied.
Air traffic in Central and Eastern Europe is growing fast. Between 2000 and 2010, the number of passengers in Europe’s three busiest airports: London Heathrow, Charles de Gaulle and Frankfurt grew only by 8 percent. At the same time, the figures for Budapest, Prague and Warsaw doubled. Only in 2011, the number of Romanian passengers grew by 40 percent. Airlines open new routes and amend the existing ones to satisfy the demand.
As economic recovery gathers pace in Hungary, the overall property market has seen improvement in the second quarter of 2014, according to Cushman & Wakefield’s ‘Marketbeat: Country Snapshots: Hungary’ report. Driven by domestic demand and fixed investments, the country has seen a significant acceleration of GDP growth (2.7 per cent) –more than double last year’s 1.2 per cent. That’s expected to moderate in 2015, at 2.3 per cent, but still remain high and fully recovery its pre-recession peak of 2008.