In Central Europe and the Baltics growth will pick up on the back of the investment recovery which is linked to a better absorption of EU funds, Artur Radziwiłł, Director for Country Strategy and Policy, European Bank for Reconstruction and Development (EBRD), tells Emerging Europe.
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.
Unlike the Western European market, which has diversified supply routes and developed an infrastructure, South Eastern Europe lacks interconnection with a bi-directional flow and access to the LNG market. National markets are relatively small and transmission networks are not harmonised, from a technical and legal point of view. The entire region also depends on one source of gas — Russia. Realising the set goals under such conditions is a complex and time consuming process. Continue reading Croatian Gas Market Facing Challenges after some Liberalisation
The European Commission has been preparing a technical communication that focusses on waste-to-energy (WtE). It aims to explore the opportunities this offers, particularly with regard to the synergies between resource and energy efficiency. The communication was scheduled to be published at the end of 2016 together with the reviewed Renewable Energy Directive. Continue reading The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects
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?
Emerging Europe Live is a series of engaging studio panel discussions about topics relevant to the region. The first episode in the series is entitled CEE: The Outsourcing Destination and premiered on 25 April 2016. The programme excerpts are available below. Continue reading Emerging Europe Live: CEE — The Outsourcing Destination
I perceive SEE Link as a consolidating opportunity for the countries involved, which makes investors more willing to consider them, says André Küüsvek, Director, Local Currency and Capital Markets Development at the European Bank for Reconstruction and Development, in an interview during the Western Balkan Summit in London.
The number of non-financial reports is growing and according to the Global Reporting Initiative (GRI), around 5,000 sustainability reports enter the global market, annually with 40 per cent out of those coming from Europe. A group of strong leaders, in non-financial reporting, has already been established in Central and Eastern Europe. The Deloitte CE Top 500 ranks the largest companies from CEE countries and 109 of them already have some form of non-financial reporting in place or at least will report non-financial data for 2015.
CEE’s presence at MIPIM has evolved over the years, says Béatrice Gravier, Commercial Director, MIPIM & MAPIC Markets, in a video interview with Emerging Europe.
Last week the Croatian Permanent Representation in Brussels organised the first gathering of Croat nationals working in the EU institutions. The first networking event, regularly organised by other perm reps as well, came 2.5 years after the country’s membership in the Union. It was a beautiful sight to see — a couple of hundred young, bright, and motivated colleagues. The overall feeling was “a bit late, could have been done earlier, but ok, the Perm Rep is getting there”. Continue reading Two And a Half Years Since Croatia Joined the EU, And What Now?
On January 22 2016, the Croatian Parliament finally ratified the new government giving it its necessary political legitimacy. This comes amid a daunting two and a half month post-election negotiation process between three parties (SDP, HDZ and MOST), in which the word turmoil can hardly describe the suspense, excitement and discontent amongst the media, the public, and the politicians themselves. Continue reading The New Prime Minister Has the Important Goal Of Cutting the Budget Deficit