Economic prospects across Emerging Europe remain strong despite recent events in Ukraine and Russia, according to Regional Economic Prospects in EBRD Countries of Operations: May 2014. While the EBRD region as a whole has suffered the negative impacts of political uncertainty, the CEE economies — of Poland, Hungary, Slovakia, Bulgaria and Romania in particular — are benefiting from the positive effects of recovery in the Eurozone. In fact, growth in Q4 2013 enjoyed stronger than initially estimated growth in the region, in Poland especially.
When it comes to outsourcing, countries in Central and Eastern Europe (CEE) are becoming the places to be – or to outsource to, as you have it. Why Emerging Europe talks to Vikrant Khanna, working as Principal of Tholons, a leading strategic advisory firm for global outsourcing and investments, about the appeal of the CEE region as an outsourcing hotspot.
Previous comparisons of international gross domestic products (GDPs) based on exchange rates have been misleading, says the 2011 International Comparison Program (ICP). When calculated based on purchasing power parities (PPPs), the resulting GDPs and comparative values shift dramatically, revealing the true material wealth of each economy. And for Eastern European countries such as Slovakia, Romania, Bulgaria, Poland, Hungary and the Czech Republic, the data shows incredible range in terms of purchasing power.
Real estate construction in Poland is recovering quickly since 2008, according to EY’s Polish Real Estate Guide Edition 2014. It not only outlines the current state of the market but offers a general introduction to the legal and tax aspects of investing in it.
The Manufacturing Index 2014 by Cushman & Wakefield highlights the numerous factors that companies must consider when either expanding their business or relocating their existing operations. Presenting the differing risks and opportunities across, not only countries, but also cities, and compiled from the opinions of several of the world’s largest manufacturing companies, the report identifies the emerging markets of the Asia Pacific region as important areas, in terms of global manufacturing. Continue reading Where in the world — Manufacturing Index Summary
Imports are key to the UK’s export success story, says HSBC report. In order to remain competitive in a global marketplace and integrate further into the global supply chain, UK business needs to continue to outsource production of component parts, invest in education and skills and provide fiscal incentives to support continued R&D. These particularly apply to the most successful organic chemicals, machinery and pharmaceutical sectors.
According to the recent McKinsey Global Institute Report for December 2013, a refined ‘aspirational model’ in economic growth is key to making the CEE region one of the most dynamic areas of development in the global economy.
Poland’s outstanding performance during the GEC has defined it as one of the most business-friendly environments in Europe, even the world. Displaying stability, even growth, during the 2008 to 2012 crisis (18.1 per cent), with a continued positive economic outlook, as well as ongoing Special Economic Zone (SEZ) measures, make it an attractive investment destination, says EY’s report.
A positive sentiment for investment in Poland’s future continues as retail expansion in the region centres around growing shopping centre stock, according to Jones Lang LaSalle’s latest Poland Retail Market. Two major new projects feature: a multi-use complex, Galeria Katowicka in Katowice and downtown shopping gallery Plac Unii by BBI Development in Warsaw.