Does the Sceptre of Separatism Haunt Emerging Europe?

Szekely Land Flag

There is much talk in Europe at the moment about the potential spread of separatist movements, a consequence of Catalonia’s referendum on independence. A number of maps have appeared on the internet pointing to various regions which may be next in line. The spectre of disintegrating states haunts some European Union states and is perceived (or instrumented) as a threat by others. In the eastern part of the EU, there is much talk about the case of the Silesians (some even mention the Kashubians) in Poland, the Hungarians of the Székely Land in Romania and Slovakia, Moravians in the Czech Republic, Russians in Latgale (Latvia), and the historical region of Samogitia in Lithuania.

Continue reading Does the Sceptre of Separatism Haunt Emerging Europe?

Retail Rents Rise Across Emerging Europe

Na Prikope Prague

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.

Continue reading Retail Rents Rise Across Emerging Europe

Budapest’s Property Boom Goes Nationwide

building

According to estimates made by the National Bank of Hungary (MNB), house prices in Budapest have increased by 15 per cent since 2015. The figures appear in the latest MNB Housing Market Report, which states that prices are expected to rise further, albeit at a slightly slower rate. However, the report also notes that property prices remain below the level justified by macroeconomic fundamentals. What’s more, 41 per cent of new development projects are currently delayed, with a large number of completions of new dwellings now expected to appear on the market at the end of 2018.

Continue reading Budapest’s Property Boom Goes Nationwide

Emerging Europe to Record Positive Growth Across the Board in 2018

coins growth

All 23 economies of emerging Europe are set to record positive growth in 2018, led by Georgia, whose GDP is seen as growing by more than 4.2 per cent. Even Azerbaijan, whose economy has contracted for the past two years, is seen as returning to modest positive growth in 2018. The regional outlook is stable, but a couple of places, notably Romania, are giving cause for concern.

Continue reading Emerging Europe to Record Positive Growth Across the Board in 2018

Kraków: Officially Emerging Europe’s Most Elegant City

Krakow. Image of Krakow Market square, Poland during sunrise.

Kraków, Prague, Warsaw, Budapest, Sofia and Tallinn are amongst the world’s most elegant cities in a new survey released by Zalando, a German cross-platform online store that sells fashion items. Kraków and Warsaw ranked 27th and 58th, Prague 39th, Budapest 60th, Sofia 73rd and Tallinn in Estonia 79th in the survey which included 80 cities. Paris, London and Vienna are the survey’s runaway leaders.

Continue reading Kraków: Officially Emerging Europe’s Most Elegant City

Georgia Leads Emerging Europe in Ease of Doing Business Report

Georgia is the easiest place in emerging Europe to do business, according to the latest edition of the World Bank’s Doing Business report, which compares conditions for doing business in 190 countries across the world. Among the top 20, Georgia, with a ranking of 9th, has implemented the highest number of business regulation reforms since the launch of Doing Business in 2003—a total of 47.

Continue reading Georgia Leads Emerging Europe in Ease of Doing Business Report

Czechs Hold Emerging Europe’s Most Powerful Passport

The Czech passport is the most powerful of those issued by the 23 countries of emerging Europe. According to the most recent Passport Index, it is ranked eighth globally and allows its holders to travel visa-free to 152 countries around the world. The Hungarian passport is the second most powerful in the region, the only difference to the Czech equivalent being its failure to offer visa-free travel to Lesotho.

Continue reading Czechs Hold Emerging Europe’s Most Powerful Passport