Member states of the European Union spent over 300 billion euros on Research and Development (R&D) in 2016, although Central and Eastern European members spent below the EU average. The figures were published on December 4 by Eurostat.
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
Better than expected budget deficits, high growth and low interest costs almost everywhere in CEE have helped the region keep public debt to GDP on a downward path. That is the headline conclusion of a new report published on December 5 by Erste Group, one of the largest financial services providers in Central and Eastern Europe.
Nine cities in Central and Eastern Europe feature amongst the first 20 in the Best-Performing Cities Europe Index, published on December 4 by the Milken Institute. The report used outcomes-based metrics including job creation, wage gains, manufacturing, and skilled service industry concentration to evaluate the relative performance of European regions.
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.
Land prices in the Czech Republic continue to climb. According to Farmy.cz, at the end of November 2017, the average market price amounted to 23.50 Czech korunas per square metre, about 15 per cent higher than a year earlier.
I have always been amused by the geography of regions within global companies. Names like Central Europe, Central and Eastern Europe and East Europe have always meant different things to different companies. My favourite was when a global company’s Eastern European region included Switzerland. Why? Because the regional head’s family lived there, so it was added to CEE. Continue reading CEE: Innovate or Get Eaten
The Czech Republic is the most attractive destination in Emerging Europe for investment in infrastructure, a new report from CMS claims. The Czech Republic, which ranks 13th out of 40 countries surveyed, is about to embark on a major programme to modernise its train stations, has allocated approximately 384m euros to the scheme. “The infrastructure market has high hopes for Central and Eastern European countries, whose economies are currently experiencing a great expansion,” states the report.
Ever since central Europe’s transition to democracy, the Visegrád Group (V4) has been a cooperative project based on the principle of costs and benefits. In recent times however, the complex political processes within the European Union have brought new challenges to the group, and divisions within it might well be made permanent by increasingly diverse views on the institutional future of the EU.
The world economy has strengthened, with monetary and fiscal stimulus underpinning a broad-based and synchronised improvement in growth rates across most countries, according to the Organisation for Economic Co-operation and Development’s (OECD) latest Economic Outlook, published on November 28. For those emerging European countries which are members of the OECD (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia) a common theme of the report is an increase in growth driven by consumption, itself powered by tightening labour markets.
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.
Prague’s Na Příkopě and Pařížská are the most expensive retail streets in emerging Europe, with monthly rents averaging 220 euros per square metre. Kaunas is Europe’s most affordable retail location, with annual rents standing at just 174 euros per square metre. The figures were published on November 16 in a major new report prepared by real estate agency Cushman and Wakefield.