Why Emerging Europe is the New Darling of Outsourcing

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In a world where the impact of global market forces on businesses can be ruthless and unforgiving, strategic partnerships are becoming increasingly driven by hard economic necessity. The notion of seeking and finding a compatible partner then, where a meaningful relationship can truly flourish and be both rewarding and fulfilling for both sides may seem somewhat romantic to many.

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Emerging Europe Internet Speeds: Could Do Better

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Only seven Emerging European countries can boast better than average fixed broadband internet download speeds, latest figures from Ookla’s Speedtest Global Index claim. Only three countries: Romania (4th), Hungary (5th) and Lithuania (11th) make the top 20, and only a further four (Latvia, Bulgaria, Moldova and Poland) can boast above average broadband speeds.

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Fish in the Bath and Other Christmas Traditions

Christmas Market On The Dome Square With Riga Dome Cathedral In Riga, Latvia. Christmas Tree And Trading Houses With Sale Of Christmas Gifts, Sweets And Mulled Wine. Famous Landmark.

I remember very well my first Christmas in Hungary. One of my colleagues had invited me to a Christmas dinner at his house. It was a cold and snowy day but as soon as I stepped into his home I was hit by the warmth of the fire and a wonderful smell of food. I asked if I could wash my hands. My host pointed me to a door. I almost screamed when I entered the restroom: two carp were happily swimming in the bathtub. Merry Hungarian Christmas, Claudia.

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EBRD Transition Report Highlights Financial Sector Resilience

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The EBRD’s latest Transition Report: Sustaining Growth, issued at the end of November, has highlighted a welcome upturn in the pace of reform in emerging economies where the bank invests, four years after reporting that reforms were stalling or even being thrown into reverse. The EBRD also unveiled a new set of investment criteria for its projects, ensuring that its countries of operations are more competitive, better governed, greener, more inclusive, more resilient and more integrated. The six criteria are: reforms aimed at making economies more competitive; good governance; green transition; inclusion; resilience; integration.

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World Bank: Western Balkans Need to Speed Up Growth For Faster Convergence

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It will take as many as six decades for income levels in the Western Balkans to catch up with those of the European Union (EU) if economies in the region continue to grow at the average speed achieved between 1995 and 2015, says the World Bank’s Western Balkans: Revving Up the Engines of Growth and Prosperity report, looking at how Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia can speed up economic growth and achieve faster income convergence with the EU.

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Albania’s Economy Not Benefiting From Largest Oil Reserves in Region

Albania is the largest producer of crude oil in the Western Balkans, according to the Institute of Energy for South-Eastern Europe. The Albanian Energy Association (AEA) estimates the country to have relatively high oil reserves of up to 400 million tons, although further investment is required for research and development.

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Hungary Seen as Riskiest Country in CEE

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Government investigations and regulatory compliance are increasingly concerning issues for businesses operating in the CEE market. This is according to the latest Central and Eastern Europe: Risk & Resilience report, published on November 23 by international law firm CMS and Legal Week, which canvassed the views of more than 40 in-house counsel on the region’s business potential and how to mitigate risks.

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Emerging Europe to Record Positive Growth Across the Board in 2018

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All 23 economies of emerging Europe are set to record positive growth in 2018, led by Georgia, whose GDP is seen as growing by more than 4.2 per cent. Even Azerbaijan, whose economy has contracted for the past two years, is seen as returning to modest positive growth in 2018. The regional outlook is stable, but a couple of places, notably Romania, are giving cause for concern.

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