The Azerbaijani energy company SOCAR has expressed an interest in investing in the Bulgarian gas transmission network. The news was reported by Azerbaijan President Ilham Aliyev himself on the occasion of a visit by the Prime Minister of Bulgaria Boyko Borissov to the central Asian country.
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.
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.
Bringing together 192 companies from 20 countries, the 23rd Azerbaijan International Telecommunications and Information Technologies Exhibition and Conference (Bakutel 2017, held from December 8-12) gave Azerbaijan another chance to confirm itself as an important ICT hub.
With the first snows of the winter having already fallen across Emerging Europe, many people’s thoughts would have already turned to winter holidays, and to skiing. While for many the countries of the region are not the first to spring to mind when planning a ski trip, there are in fact a number of very good ski resorts in this part of the world. From Jasna in Slovakia to Tsakhkadzor in Armenia, many offer some superb, rugged skiing amidst fantastic scenery, usually at prices well below those in Western Europe. Not that the low cost is the only attraction. For a new breed of adventurous skier, jaded perhaps by the increasingly busy motorway pistes of France, Switzerland, Austria and Italy, the search for fresh powder, for empty slopes and for new experiences is the real draw. That’s where Emerging Europe comes in, and that’s why our editor-in-chief Craig Turp, who has skied in more countries than most people have visited, decided to put together this short guide to skiing in some of the region’s top – and in some cases surprising – locations. Continue reading Skiing in Emerging Europe
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.
Emerging Europe – Georgia in particular – will play an increasingly important role in the continued development of the New Silk Road Economic Belt, launched by China in 2013. That was the consensus reached at a Belt and Road Forum held in the Georgian capital Tbilisi on November 28-29.
Money laundering may not be theft, but it is a product of theft. Sources of laundered money may include illegal activities such as trafficking in drugs or humans, or it may be diverted income from natural resources, inflated costs, bribes, fake loans, or other financial manipulation. The money might be stolen from the state, in the form of unpaid taxes or other charges, or from the people of a country – as with stolen revenues from the sale of natural resources from oil to diamonds. Money laundering thus reflects economic and moral damage to individuals and institutions and thereby threatens the stability and security of states, societies, and regions.
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.
In April, news broke of a widespread anti-gay purge in Chechnya; in September, gay men and transgender women were rounded up in Azerbaijan; and in October reports emerged that a registry of gay men and lesbians was being compiled by the authorities in Tajikistan. How might we understand these disparate events as part of a trend in these three former Soviet countries?
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.