CEE Boosted by Positive Tourism Trends Across the Region

cruise ship in Kotor Bay Montenegro. Aerial view panorama. Kotor bay Montenegro.

Almost 973 million passengers travelled by air in the European Union in 2016, 5.9 per cent more than in 2015 and 29 per cent more than in 2009. Central and Eastern European registered the highest increases, with Bulgarian and Romanian air traffic climbing by 22.5 per cent and 20.5 per cent respectively. The two regional leaders were followed by Hungary (up 14.1 per cent), Croatia (13.8 per cent), and Lithuania (13.3 per cent). According to Eurostat, the total number of people travelling by air from the CEE-EU11 member states exceeded 211 million. Continue reading CEE Boosted by Positive Tourism Trends Across the Region

Despite Public Anxieties, Migration is Playing a Key Role in ECA Growth

Bratislava city aerial panoramic view. Bratislava is the capital of Slovakia.

Economic growth in Europe and Central Asia (ECA) will be 2.2 per cent in 2017, the strongest growth in six years, and 0.3 percentage points above May’s expectations. According to the World Bank’s latest Regional Economic Update, Migration and Mobility in Europe and Central Asia, ECA economies are showing more rapid growth than previously expected with a GDP almost twice the average growth in the European Union. Continue reading Despite Public Anxieties, Migration is Playing a Key Role in ECA Growth

Estonia Leading CEE Country in WEF Competitiveness Index

pharmaceutical factory woman worker operating production line at pharmacy industry manufacture factory

Switzerland, Singapore and the United States once again occupy the podium places in the World Economic Forum’s (WEF) Global Competitiveness Index. A number of CEE countries rank in the top 50, the highest of which is Estonia (29th), followed by the Czech Republic (31st), Lithuania (35th), Poland (36th) and Azerbaijan (37th). Albania improved its ranking the most, moving up 13 places to 80th. In general, however, all other CEE countries showed clear signs of an economic slowdown. Continue reading Estonia Leading CEE Country in WEF Competitiveness Index

Estcoin: Estonia’s Own Digital Currency?

1 euro coin money (EUR) currency of European Union Estonia over blue background

Estonia might be the first country in the world to offer its own token through an Initial Coin Offering (ICO). ‘Estcoins’ would be managed by the Republic of Estonia, but accessed by anyone in the world through its e-Residency programme. They would be launched through an Initial Coin Offering (ICO), which would enable companies to crowdfund their finance and incentivise a wide range of people to help grow their businesses.
Continue reading Estcoin: Estonia’s Own Digital Currency?

EU-CEE Is Still Growing at a Healthy Rate

Prague emerging europe

A host of flash estimate GDP data released by Eurostat and national statistics offices on August 16th showed that the economies of EU-CEE had another highly impressive quarter of growth in April-June. In seasonally-adjusted terms, growth strengthened in relation to Q1 from already elevated levels in the Czech Republic, Latvia, Poland and Bulgaria. In Romania and Slovakia momentum was unchanged relative to the previous three months, while in Lithuania and Hungary it slowed slightly. Data for the other EU-CEE economies—Slovenia, Estonia and Croatia—are not yet available. Continue reading EU-CEE Is Still Growing at a Healthy Rate