According to the EU statistics, China and Europe now trade well over €1 billion a day. The Asian giant is the EU’s second trading partner behind the United States and the EU is China’s biggest trading partner. At the same time the country accounts for a mere two or three per cent of overall European investments abroad. Why? Perhaps because some European investors are concerned about starting their own operations in China.
For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.
While Belarus will not have its Euromaidan any time soon, recent developments at home and abroad suggest that the country’s political course is not set in stone. Continue reading Not All Quiet on the Eastern Front
Despite its natural beauty spots and historical sites, Belarus isn’t a top tourist destination. As a matter of fact, it has been one of the least visited countries in Europe. Unfortunately, Belarus remains unknown to both foreign tourists and large-scale international business, primarily because of its visa regime. However, this is expected to change now, as Belarus is striving to overcome this stereotype and 12 February 2017 marks the important day when the visa regime changed. Continue reading Will the New Five-day Visa-free Regime Encourage More Visitors to Belarus?
Belarus is the European Union’s 46th trade partner and its 3rd trading partner among the six Eastern Partnership (EaP) countries. At the same time, the EU is the second trade partner for Belarus after Russia and accounts for above one quarter of its total trade. Interestingly, Belarus has the least stabilised contractual relations with the EU, among the Commonwealth of Independent States, as the bilateral Partnership and Cooperation Agreement that was concluded in 1995, has not been ratified by the EU for political reasons. On top of that, Belarus is not a member of the World Trade Organisation (WTO) yet. Continue reading The EU Is Encouraging Belarus to Join the World Trade Organisation
Belarus stands out as a special case in transition blending. On one hand, there are the signs of relative prosperity, the socially oriented policies and the buds of entrepreneurship and then, on the other hand, its remnants of the Communist past. Belarus has embarked on a transition path of its own, different from what is happening in other countries but still delivering a particular path to economic transformation. Continue reading The Belarusian Economy: The Challenges of Stalled Reforms
Belarus wants to be a link between the European Union and the Eurasian Economic Union. It is using its geographic location and economic advantages to attract more foreign investors. One of the key advantages is its pool of young specialists.
Sergei Popkov, Belarusian minister of Communications and Informatisation, spoke to Nikodem Chinowski. They discussed the government’s priorities for the implementation of internet solutions to business and the rapid dissemination of internet access among young Belarusians. Continue reading “e-Belarus”: Embracing the Internet and its Possibilities
The global economic environment continues to be challenging. The ‘wounds’ inflicted by the global financial crisis of 2008 have not yet healed completely and world economic growth remains rather subdued. This particularly applies to the advanced countries and especially to the Euro Zone, which is the most important trading partner for the Eastern European countries. Continue reading Are Labour Shortages Driving Economic Growth?
The last two years have been quite good for Belarus, as far as awareness of the country is concerned.
Belarus has been involved in the peace negotiations between Ukraine and the Russian Federation. In February 2016, the European Union lifted most of the sanctions that had been imposed more than a decade ago, citing “improving EU-Belarus relations” — and in October, the country resumed its trade dialogue with the EU. Next, in June 2019, Belarus will hold the second edition of the European Games. In the recently published World Bank’s Doing Business 2017, Belarus ranked 37th, 26 notches higher than in 2014. Continue reading Emerging Europe and the EBRD host the Outlook on Belarus conference in London
PandaDoc empowers businesses and individuals to lead paperless and productive work lives by building effective and designed documents. They claim that thanks to their product the average contract value goes up by 15 per cent, each employee saves one hour of their time and the close rate grows by 10 per cent.
Mikita Mikado, CEO at PandaDoc, spoke to Justyna Wrobel about the company’s 5,000 customers, the recently introduced Add-on Store and the origins of the company as well as its plans for development. Continue reading PandaDoc — Rolling Sales Procedures Together So Everyone Succeeds
Belarus and Poland share a long common history, perhaps not as much over the six decades since the Second World War or the Great Patriotic War, but definitely throughout the centuries before that, when Belarus was part of the Grand Duchy of Lithuania which formed a union with the Kingdom of Poland. Continue reading Long-time Neighbours Need to Share Awareness, Plus Trade & Investment