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.
Every third Estonian, out of a population of 1.3 million, lives in the capital city and together they produce half of the country’s GDP. Having no major industries, Estonia’s capital prides itself on its highly developed knowledge- and technology-based sectors. Arvo Sarapuu, deputy mayor of Tallinn, spoke to Emerging Europe about his city’s advantages and challenges. Continue reading Tallinn is an e-City Working With its People to Also Be a Green City
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?
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.
For TransferWise, founded by Estonians Kristo Käärmann and Taavet Hinrikus, 2015 was a busy year. And a very successful one. First, the company raised $58 million in an investment round led by Andreessen Horowitz, the best known venture capital company in the Silicon Valley, which increased the company’s value to $1 billion. At the end of 2015, Ernst&Young named the founders the UK Entrepreneurs of the Year.
Kristo Käärmann, Executive Founder of TransferWise, discusses what lies behind the meteoric rise of TransferWise, the company’s future plans and what can happen in the entire finance sector in the next five years. Continue reading TransferWise — Making the World a Better Place
Almost every single economy in emerging Europe implemented at least one reform in the last year to improve their business environment. In consequence, as many as 16 economies in the region are featured in the Top 50 of the World Bank’s Doing Business 2016 report. Emerging Europe speaks to Rita Ramalho, Manager of the World Bank–IFC Doing Business, who has compiled a resume about the emerging Europe region especially for us, about how the reforms introduced have helped make doing business easier across the region. Continue reading World Bank’s Doing Business Report 2016 Resume For Emerging Europe
Join us at the seminar and you will:
√ see what makes Estonia so attractive for UK companies from the electronics sector
√ meet professionals from the Estonian Electronics Industry Association
√ hear about the experience of British companies who are already present in the country
√ interact with professionals, investors and the Estonian Investment Agency
√ network with industry peers
Estonia and the two other Baltic states —Latvia and Lithuania— are Emerging Europe’s winners of the Milken Institute’s Global Opportunity Index — Attracting Foreign Investment across four broad categories: economic fundamentals, ease of doing business, quality of regulation, and rule of law. Estonia ranked 12th and was followed by Latvia (29th) and Lithuania (37th). The leader got its highest note for the quality of regulations, Latvia and Lithuania — for the ease of doing business.
Poland, the Czech Republic, Estonia and Slovakia are Central and Eastern Europe’s most attractive foreign investment destinations, says the latest survey published by the Polish-German Chamber of Industry and Commerce Business (AHK Poland) and carried out along with nine other bilateral chambers of commerce (Belgian, British, French, Spanish, Irish, Canadian, Portuguese, Swiss and Italian). Continue reading Chambers choose Poland, the Czech Republic, Estonia and Slovakia
A general trend upwards in demand in the real estate market continues across the EU Baltic States of Lithuania, Latvia and Estonia, according to the Ober-Haus ‘Real Estate Report 2014’ focussing on the capitals of Vilnius, Riga and Tallinn.