World Bank’s Doing Business Report 2016 Resume For Emerging Europe

Almost every single economy in emerging Europe implemented at least one reform in the last year to improve their business environment. In consequence, as many as 16 economies in the region are featured in the Top 50 of the World Bank’s Doing Business 2016 report. Emerging Europe speaks to Rita Ramalho, Manager of the World Bank–IFC Doing Business, who has compiled a resume about the emerging Europe region especially for us, about how the reforms introduced have helped make doing business easier across the region. Continue reading World Bank’s Doing Business Report 2016 Resume For Emerging Europe

Estonia — Easy Doing Business Destination seminar in the UK

Join us at the seminar and you will:

√ see what makes Estonia so attractive for UK companies from the electronics sector
√ meet professionals from the Estonian Electronics Industry Association
√ hear about the experience of British companies who are already present in the country
√ interact with professionals, investors and the Estonian Investment Agency
√ network with industry peers

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EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus

The European Bank for Reconstruction and Development (EBRD) is extending a €50 million financing package to Belinvestbank, the fourth largest bank in Belarus. The package will consist of two facilities: a €20 million line of credit to small businesses and the opening of a limit of up to €30 million available under the EBRD’s Trade Facilitation Programme (TFP). Continue reading EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus

Revenues Of Bulgarian IT Companies Have Sextupled In the Last Decade

“Over the last 10 years, revenues of Bulgarian local IT companies have grown by 600 per cent. Now, Bulgaria ranks third in global rankings of most attractive outsourcing destinations after a leap of 11 places, said Rosen Plevneliev, Bulgarian President at the opening of the Outsourcing Destination Bulgaria conference in Plovdiv. Continue reading Revenues Of Bulgarian IT Companies Have Sextupled In the Last Decade

Slovenia is the CEE region’s leader in VAT collection

While VAT revenue collection has failed to show significant improvement across EU member states — 15 of them including Latvia, Malta and Slovakia saw an improvement in their figures and 11 such as Estonia and Poland saw deterioration — Slovenia leads the countries of Emerging Europe with only a 5.8 per cent VAT gap, compared to 15.2% of revenue loss due to fraud and evasion, tax avoidance, bankruptcies, financial insolvencies and miscalculation across the EU. Not only is Slovenia’s VAT gap the lowest in the region but in 2013 the country improved its VAT collection by 3.3 percentage points says a recent CASE report commissioned by the Directorate General for Taxation and Customs Union (TAXUD) of the European Commission. Continue reading Slovenia is the CEE region’s leader in VAT collection

Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations

Companies located in the Minsk region attracted €3.8 billion of FDI in the first six months of 2015. The Main Statistical Bureau of Minsk City reported that out of that, 42 per cent were companies specialised in trade, 30.3 percent in transport and 14.6 per cent in communications. The main countries investing in the region were Russia, the United Kingdom and the Netherlands, which accounted for 39 per cent, 26.7 per cent and 14.3 per cent of investment respectively. Continue reading Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations

German Multivac invests €15 million near Sofia

The Germany-based market leader in packaging solutions Multivac is ready to invest €15 million into the construction of a new production facility in Bulgaria. This became clear at a meeting of the Minister of Economy, Bozidar Lukarski, with Christian Trauman, Manager of “Multivac”, and Ivaylo Dimitrov, who manages the Bulgarian branch of the German company.

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Belarus-Turkey Investment Forum to increase investment and trade between the two countries

“Belarus-Turkey cooperation has huge potential. It is not just another popular phrase mentioned during bilateral talks. It is true. There are huge opportunities for expanding mutually beneficial trade and economic cooperation. Now, the Belarus-Turkey trade stands at $400 million, but it is obvious that the figure fails to reflect the existing opportunities. Belarus and Turkey are mutually complementary in the industrial sphere,” said Elnur Osmanov, Deputy Coordinator of the Turkey-Eurasian Business Councils in the Foreign Economic Relations Board (DEIK) under the aegis of the Turkish Economy Ministry, in Grodno on August 12. Continue reading Belarus-Turkey Investment Forum to increase investment and trade between the two countries