Kaunas — An Emerging Destination For Shared Services In CEE

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.

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Poland’s city of Łódź has the best FDI strategy

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.

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Poland’s six regions generate 2/3 of the country’s GDP

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).

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Growth in CEE is expected to rebound but with considerable divergence

A stuttering recovery in the Euro Area and slowing growth in the Russian Federation have posed headwinds to developing Europe and Central Asia, says the World Bank’s Global Economic Prospects report.

The conflict between Russia and Ukraine has taken a severe toll on Ukraine’s economy, with output estimated to have contracted an estimated 8.2 per cent in 2014.

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More than a third of all EU funds available in Poland managed by regions

Between 2014-2020, 16 Polish regions will receive €31 billion of European Funds, 25 per cent more than from the 2007-2014 budget. Over €22 billion from the European Regional Development Fund (ERDF) will be spent on infrastructural projects and support for entrepreneurs. The remaining €9 billion from the European Social Fund (ESF) is supposed to help lower unemployment, improve quality of life and increase skills and qualifications.

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