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

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

Albania’s Gas Master Plan Sets out an Exciting Future

Interestingly enough, the gas sector once played an important role in Albania and the country was a relatively large gas producer. In 1982, gas production amounted to one billion cubic metres but has now dropped to mere 0.01 billion cubic metres. It is worth noting that Albania and Kosovo are the only countries in the Western Balkan region which are not connected to international natural gas networks. Continue reading Albania’s Gas Master Plan Sets out an Exciting Future

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?

What the Belgrade-Pristina Dialogue Says About the EU’s Role As a Peace Mediator

In November 2009, the European Union adopted the Concept on Strengthening EU Mediation and Dialogue Capacities. In this document, which is the first policy document exclusively dealing with mediation and dialogue, the EU formulates the ambition to systematically enhance its mediation capacities and to strengthen its overall ability to engage in non-military conflict prevention and crisis management missions. The Concept represents the main conceptual and policy reference for the EU’s approach to mediation and spells out different roles and guiding principles of EU mediation. Continue reading What the Belgrade-Pristina Dialogue Says About the EU’s Role As a Peace Mediator

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

Kosovo Assembly Votes For Special Court

This week the Kosovo Assembly voted in favour of the constitutional amendments that allows the creation of the so-called ‘Special Court’; a court that would specifically investigate the allegations detailed in EU Special Rapporteur Dick Marty’s report into crimes committed by Kosovo Liberation Army (KLA) members. The Assembly voted on the establishment of the court in April 2014 but then in June this year, amid public protects, it rejected the vote on making the constitutional amendments necessary for the court to be established. Continue reading Kosovo Assembly Votes For Special Court