The Competitive Edge in Central and Eastern Europe

SOFIA BULGARIA - MAY 5: View of the Ivan Vazov National Theatre in Sofia on May 5 2016. Sofia is the largest city and capital of Bulgaria.

Joining the EU has unlocked robust GDP growth and continues to aggregate positive energy in the Central and Eastern European (CEE) countries. Adhering to the common market has brought a surge in trade, positive institutional changes and improvements in the business environment. However for many countries, it has also led to a migration of the labour force, which could affect long-term economic growth prospects. Continue reading The Competitive Edge in Central and Eastern Europe

Will a Two-speed European Union Side-line the Visegrad Four?

During the summit marking the 25th anniversary of the Maastricht Treaty, in December 2016, the president of the European Commission, Jean-Claude Juncker, called for a move forward with a two-speed Europe and also for the creation of a different orbit for those EU Member States who do not wish to take part in all facets of EU integration. If implemented, this approach will have far-reaching consequences for the CEE region, especially for the countries of the Visegrad group (the Czech Republic, Hungary, Poland, and Slovakia), which could effectively be side-lined in a two-speed Europe. Continue reading Will a Two-speed European Union Side-line the Visegrad Four?

The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects

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

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?

Hungary — Rapidly Growing Economy Attracts Investors

With a 78 per cent of FDI per GDP ration, Hungary ranks first in the Central and Eastern European region, says Róbert Ésik, President of the Hungarian Investment Promotion Agency (HIPA), in a video interview with Emerging Europe. Currently, HIPA has a portfolio of 169 investment projects, 76 per cent more than in 2015.

Wizz Air — the Sky’s No Longer the Limit

Wizz Air is a Hungarian low-cost airline that offers over 400 routes across Europe and beyond and which has just been awarded the global Value Airline of the Year award (2016). The company successfully completed an initial public offering, in February 2015, and has since been listed on the London Stock Exchange. After just one year, the company’s shares were given an average rating of “Buy” by the seven research firms that currently cover the stock exchange.

József Váradi, CEO of Wizz Air, talked to Andrew Wrobel, Head of Editorial of Emerging Europe, about the company’s recent successes, as well as the very beginnings and the plans for the next two decades. Continue reading Wizz Air — the Sky’s No Longer the Limit

World Bank’s Doing Business Report 2016 Resume For Emerging Europe

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

For Migrants, the V4 Countries Are a Mere Stop On Their Way To the West

The V4 countries have expressed their strong disapproval for the refugee quota plan suggested by the European Commission and received a lot of criticism from the Old member states. But what really happened that the old EU member states are trying to chaotically solve the migration crisis through the bureaucratic quota system which create an artificial burden for the new member states, which are not the final destination for the migrants? Continue reading For Migrants, the V4 Countries Are a Mere Stop On Their Way To the West