The crisis created by Poland’s ruling Law and Justice (PiS) party is nearing a boiling point. Having taken control of the Constitutional Tribunal last year, PiS is pushing new legislation through parliament that will place the rest of the judiciary firmly under the political control of the party’s majority in parliament. The European Commission is urgently examining whether it should an initiate an Article 7 proceeding against Poland for violations of fundamental rights. Continue reading PiS Uses Media Control to Bring Poland to Heel
“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
On 30 June 2017, BET, the main index at the Bucharest Stock Exchange (BVB), closed at 7,855 points, thus reaching 18.87 per cent growth in the first half of the year. At the same time, the average daily value of transactions increased by more than 30 per cent to €9.68 million and market capitalisation of all companies listed exceeded €37 billion. Continue reading Romanian Upgrade to Emerging Market is on the Cards
In the current European context, not many European leftist parties are successful in elections. From Western Europe to the new democracies, either populism or anti-establishment parties are seizing the moment. On the other hand, the Romanian Social-Democrats (PSD) held a steady grip on their electoral share, with a sweeping 45 per cent in the national elections, less than a year ago. Continue reading Surprising Resilience of Romanian Social-Democrats
The fight against corruption in Romania seems to be a never-ending story and corruption has very often been closely associated with the country. Continue reading Romania Says No to Corruption
Parliamentary elections are a good time to evaluate the functioning of democracy in a country such as Albania. Continue reading Albania’s Election Apathy
Over the past three years, the Romanian economy has recorded some of the fastest growth rates in the European Union, helped by a rapid expansion of consumer spending. Continue reading Romanian Market Moving Towards Rebalancing
Moldova and Romania have long toyed with the idea of (re)unification. The two countries, which were a single entity until Russia annexed present-day Moldova in 1812 (and then again in 1940), have much in common in the way of language, culture, and history. Both countries are predominantly Romanian speaking, have populations that are closely-related ethnically, and are successors to the premodern Romanian states. Continue reading Good Match But Unlikely Marriage
In 2015, Bucureşti-Ilfov, Romania’s capital-city region, had a GDP per capita of €19,300 amounting to 136 per cent of the EU average (GDP per capita PPS, EU28=100). At the same time, Sud-Muntenia, Sud-Vest Oltenia and Nord-Est were three out of 19 EU regions that were still below half of the average 47, 40 and 34 per cent of the EU average respectively, according to Eurostat.
Many have dubbed Cluj-Napoca the emerging Silicon Valley of Eastern Europe. Although this is debatable (for many reasons which are not within the scope of this short article), one thing is clear: technology has found a good home in my native city. Continue reading Nurturing a Needed Knowledge and Innovation Culture
“Romania is a hidden gem in Europe, a country which is a very good place for investments but which also needs to promote itself in Western Europe and beyond,” Alain Pilloux, vice president, Banking, at the European Bank for Reconstruction and Development (EBRD) said during the EBRD Emerging Europe Outlook on Romania investment forum, held in June in London. He was pointing to the fact that in the first quarter of 2017, the country’s economy grew by 5.6 per cent.
The Romanian energy market has gone through a process of accelerated growth in recent years, leading to the emergence of new energy needs and solutions. The steps that have been taken to achieve a high-performance energy system, although still early, are vital for Romania’s chances of becoming an important player in the regional energy market and an energy hub for Central and Eastern Europe (CEE). Continue reading Romgaz and GE Partner in a New Power Project