Every third Estonian, out of a population of 1.3 million, lives in the capital city and together they produce half of the country’s GDP. Having no major industries, Estonia’s capital prides itself on its highly developed knowledge- and technology-based sectors. Arvo Sarapuu, deputy mayor of Tallinn, spoke to Emerging Europe about his city’s advantages and challenges. Continue reading Tallinn is an e-City Working With its People to Also Be a Green City
O.Torvald is the fourteenth Ukrainian act to appear in the Eurovision song contest. The country joined the family in 2003 and won the competition a year later with Ruslana’s Wild Dances. In 2007, Verka Serduchka came second with Dancing Lasha Tumbai. In 2008, the performer’s success was repeated by Ani Lorak, who sang Shady lady. In 2013, Zlata Ognevich took third place. Finally, in 2016, Jamala’s 1944 brought the Eurovision song contest to Kyiv again. Continue reading The Eurovision Song Contest Is a Perfect Showcase for Ukraine’s Talent and Warmth
Although Poland has been one of the best performing European economies for many years, the government wants the country to do even better. The sustainable development plan that was launched last year by Deputy Prime Minister, Mateusz Morawiecki, aims to make the economy “more dynamic”. It is based on five pillars: reindustrialisation, development of innovative companies, capital for development, foreign expansion and sustainable social and regional development. Continue reading Poland Government’s Development Plan and the EBRD’s Role
Ukraine’s favourable geographical location; it’s extremely fertile black soil; decent infrastructure and relatively cheap labour force make the country’s agribusiness sector highly competitive. A lot has been achieved in the country over the past 25 years to enable Ukraine to live up to its status as the “breadbasket of Europe” and to help, at least partly, address the global challenge of sustainable food supply and food security. Continue reading Ukrainian Agribusiness — a Jewel in a Crown
Bosnia and Herzegovina is a country with great potential, but it also faces many challenges. With a population of 3.8 million it is a comparatively small country with a limited market capacity. This means that in order to prosper, the economy must succeed on external markets. Competitiveness and support for regional integration are therefore crucial for strengthening the resilience of the economy of Bosnia and Herzegovina. Continue reading Strengthening the Resilience of the Economy of Bosnia and Herzegovina
When Serbia started excavating the first lignite mine in the Kolubara coal basin, and constructed the first lignite fired power plants, built with Soviet technology, in the 1950s, electrification was at the cutting edge of industrialisation and the development of the Yugoslav economy. The lignite mines in Kolubara were among the largest in Europe, producing 30 million tonnes of coal. Together with a second mining basin in Kostolac, these two lignite fields supplied the fuel for 55 per cent of Serbia’s power generation capacity. In the 1970s and 1980s coal-fired power plants were built in Obrenovac, including the two huge units of the Nikola Tesla B power plant; built to supply the whole of Yugoslavia. Continue reading Greener and More Resilient: Energy Sector Reforms in Serbia for the Benefit of All
Albania is a country that is located along the Adriatic coast, between Montenegro and Greece, and only a short trip across the sea from Italy. The country boasts rich soil and favourable climatic conditions and is in the middle of both the Mediterranean and the continental zones of Central Europe. This puts Albania in a unique position to be able to grow and harvest a diverse quantity of agricultural produce, ranging from fruits and vegetables to dairy products and medical and aromatic plants as well as wheat.
Ukraine hasn’t bought Russian gas since November 2015. In January 2017, Gazprom charged Naftogaz $5.3 billion for gas it had not purchased, under a take-or-pay clause covering the second through to the fourth quarter of 2016. The applicability of the take-or-pay principle is currently being reviewed by the Arbitration Institute of the Stockholm Chamber of Commerce within the context of the arbitration proceedings between Naftogaz and Gazprom that were initiated in 2014. Naftogaz doesn’t intend to pay the invoice until the final decision has been reached in the arbitration.
Yuriy Vitrenko, Group Chief Commercial Officer at Naftogaz, spoke to Andrew Wrobel, about the reforms of the Ukrainian gas market that have already been introduced and the challenges that the sector is facing now as a result of a slowdown in further reforms. Continue reading Naftogaz: A Good Start Has Slowed But Optimism Remains High
Pavle Radunović, Minister for Sustainable Development and Tourism in Montenegro, told Emerging Europe that the government plans to remove the development gap between the southern and northern parts of the country.
Tomas Macura, mayor of Ostrava, told Emerging Europe that his city needs to continue its transformation from traditional industries to innovative sectors and is changing its approach in order to attract more investment, for example, in business services.
Stanislav Frnka, country manager for Poland at HB Reavis, spoke to Emerging Europe about the company’s operations in the UK and Central and Eastern Europe and the prospects for real estate investments.
Bruno Le Corre, managing director at Bouygues Immobilier Polska, spoke to Emerging Europe about what makes Poland a prospective market for residential and office real estate.