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.
Eastern Europe and Central Asia has closed on average 71 per cent of its gender gap, according to the World Economic Forum’s Global Gender Gap Report. Overall, 68 per cent of the global gender gap has been closed, a slight deterioration on 2016 and 2015, when the gap was 68.3 per cent and 68.1 per cent respectively.
Georgia is the easiest place in emerging Europe to do business, according to the latest edition of the World Bank’s Doing Business report, which compares conditions for doing business in 190 countries across the world. Among the top 20, Georgia, with a ranking of 9th, has implemented the highest number of business regulation reforms since the launch of Doing Business in 2003—a total of 47.
On October 12 the Armenian government formally approved a proposal to sign an agreement “between the Government of the Republic of Armenia and the Government of the Russian Federation to provide a state export loan.” Armenia is to use the loan, which values 100 million US dollars, to purchase modern arms from Russia.
The Czech passport is the most powerful of those issued by the 23 countries of emerging Europe. According to the most recent Passport Index, it is ranked eighth globally and allows its holders to travel visa-free to 152 countries around the world. The Hungarian passport is the second most powerful in the region, the only difference to the Czech equivalent being its failure to offer visa-free travel to Lesotho.
Economic growth in Europe and Central Asia (ECA) will be 2.2 per cent in 2017, the strongest growth in six years, and 0.3 percentage points above May’s expectations. According to the World Bank’s latest Regional Economic Update, Migration and Mobility in Europe and Central Asia, ECA economies are showing more rapid growth than previously expected with a GDP almost twice the average growth in the European Union. Continue reading Despite Public Anxieties, Migration is Playing a Key Role in ECA Growth
Earlier this month I had the pleasure of chairing a panel of thought leaders and industry experts at the European Bank for Reconstruction and Development (EBRD) in London. The subject matter was centred on the ICT industry in the Ukraine specifically, and the broader Central and Eastern European (CEE) region in general. Continue reading Is the CEE Region About to Steal the Outsourcing Crown From India?
Some eight years since its launch, the EU’s Eastern Partnership (EaP) continues to offer up a mixed bag of results, including both achievements and failures. Continue reading Under Promise, Over Deliver: Prospects for the EU’s Eastern Partnership in 2018
The government of Armenia has set up the Meghri Free Economic Zone, close to its border with the Islamic Republic of Iran. The project, managed by the Ministry of Economic Development and Investments, aims to increase export-oriented production in Armenia and to attract more investors. This will be thanks to a preferential trade regime with the European Union and its being a member of the Eurasian Economic Union (EEU) on one hand, and a common border with Iran, on the other. Continue reading Meghri Becomes Armenia’s Third FEZ
The war in Ukraine stands as a pressing test of Western commitment and resolve towards European security. But another security threat is emerging, with a real risk of rapid escalation. This new threat, emanating from the Nagorno-Karabakh region, pits Armenia and the Armenian-populated Karabakh against Azerbaijan. Continue reading Nagorno-Karabakh Conflict Moves from Frozen to Kinetic
Geography and history are political tyrants and nowhere more so than for in Armenia. For all the emphasis, nowadays, on the potential of regional trade, Armenia is boxed into a situation that offers little or no openings. History, distant and none too distant, rules our alliances with Turkey or Azerbaijan and Russia’s brutal show of force in Georgia, in 2008, casts a sombre shadow on Tbilisi’s room for manoeuvre. Continue reading Can Armenia Keep a Foot in Both Camps?
In 2017, Armenia’s GDP is expected to grow by 3.2 per cent, says Vardan Aramyan, Armenia’s Minister of Finance. He spoke to Andrew Wrobel about the country’s growing macroeconomic stability and predictability, as well as the reforms that are improving the business climate. Continue reading After Economic Shocks Armenia Plans for Macroeconomic Stability