After Its Significant Rise the Georgian Economy May Now Fall

Panorama of Tbilisi, Georgia in sunset rays. Vivid, saturated, splittoned image.

Since the 2003 “Rose Revolution”, Georgia has been the darling of the former Soviet region, shooting up the business environment and anti-corruption rankings. This has done wonders for its international reputation, attracting significant foreign direct investment which underpinned robust economic growth in the years up to the 2008 global financial crisis. Continue reading After Its Significant Rise the Georgian Economy May Now Fall

Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda,  MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region

Political Tensions Rise As Croatia Allegedly Breaks the Dublin III Refugee Regulation

croatia migrants

In late July 2017, the European Court of Justice (ECJ) ruled that Croatia had broken the Dublin III Regulation during mass-arrivals of refugees and forced migrants in 2015/2016. The rule was supposedly broken by allowing the refugees to cross over Croatian territory. This lead to the refugees ‘irregularly’ travelling further to Slovenia and Austria without imposing legal mechanisms of interception and eventual examinations of the possible claims for international protection (asylum). Continue reading Political Tensions Rise As Croatia Allegedly Breaks the Dublin III Refugee Regulation

Defending EU Values in Poland and Hungary

Eu hungary poland

After years of heating up, the EU’s values crisis is close to boiling point. Defiance of core EU principles by the governments in Warsaw and Budapest is turning into a political crisis. The European Commission has taken legal action against both governments for violating specific EU laws and is threatening to go further on Poland. The European Parliament supports this course and is preparing further action against Hungary. But the Hungarian and Polish governments will feel the heat only if political leaders of the EU’s other member states get actively involved. Continue reading Defending EU Values in Poland and Hungary