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

Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty

Donald Trump

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.

Continue reading Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty

Tallinn is an e-City Working With its People to Also Be a Green City

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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

Are Labour Shortages Driving Economic Growth?

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?

TransferWise — Making the World a Better Place

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