“Political noise notwithstanding, the region’s economies are in a sweet spot, and should continue to ride the booming Eurozone wave this year.” That is the headline of a new report published by the Vienna Institute for International Economic Studies (wiiw), which highlights a number of key areas to watch during 2018.
Vytenis Povilas Andriukaitis, the European commissioner from Lithuania in charge of health and food safety confirmed on December 5 that there is no evidence food products supplied to the countries of Central and Eastern Europe (CEE) are of poorer quality than in Western Europe. The row over CEE groceries, however, looks far from being over.
In a world where the impact of global market forces on businesses can be ruthless and unforgiving, strategic partnerships are becoming increasingly driven by hard economic necessity. The notion of seeking and finding a compatible partner then, where a meaningful relationship can truly flourish and be both rewarding and fulfilling for both sides may seem somewhat romantic to many.
In a joint statement issued in mid-December, the three Baltic nations of Estonia, Latvia and Lithuania promised to pursue policies promoting healthy lifestyles. Lithuanian Minister of Health Aurelijus Veryga, Latvian Minister of Health Anda Čakša and Estonian Minister of Health and Labour Jevgeni Ossinovski signed a memorandum of intent on cooperation in reducing alcohol consumption, smoking and malnutrition. Continue reading Why the Baltic States Should Reject the Nanny State
Only seven Emerging European countries can boast better than average fixed broadband internet download speeds, latest figures from Ookla’s Speedtest Global Index claim. Only three countries: Romania (4th), Hungary (5th) and Lithuania (11th) make the top 20, and only a further four (Latvia, Bulgaria, Moldova and Poland) can boast above average broadband speeds.
Annual inflation in the European Union was 1.8 per cent in November 2017, up from 1.7 per cent in October 2017. Inflation in the Euro Area also rose, from 1.4 per cent to 1.5 per cent. Estonia had the highest inflation rate in the EU, at 4.5 per cent, followed by Lithuania where inflation climbed to 4.2 per cent. The highest monthly increase was registered in Romania, where prices jumped 0.6 per cent on October to give an annual rate of 2.7 per cent. The data comes from Eurostat.
I remember very well my first Christmas in Hungary. One of my colleagues had invited me to a Christmas dinner at his house. It was a cold and snowy day but as soon as I stepped into his home I was hit by the warmth of the fire and a wonderful smell of food. I asked if I could wash my hands. My host pointed me to a door. I almost screamed when I entered the restroom: two carp were happily swimming in the bathtub. Merry Hungarian Christmas, Claudia.
Lithuania‘s Maxima Grupe (Maxima Group), the leading Baltic food retailer, with a firm footing in Latvia, Estonia, Poland as well as Bulgaria, has signed an investment agreement to acquire Stokrotka, a chain of 410 convenience stores in Poland.
Member states of the European Union spent over 300 billion euros on Research and Development (R&D) in 2016, although Central and Eastern European members spent below the EU average. The figures were published on December 4 by Eurostat.
The world economy has strengthened, with monetary and fiscal stimulus underpinning a broad-based and synchronised improvement in growth rates across most countries, according to the Organisation for Economic Co-operation and Development’s (OECD) latest Economic Outlook, published on November 28. For those emerging European countries which are members of the OECD (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia) a common theme of the report is an increase in growth driven by consumption, itself powered by tightening labour markets.
Government investigations and regulatory compliance are increasingly concerning issues for businesses operating in the CEE market. This is according to the latest Central and Eastern Europe: Risk & Resilience report, published on November 23 by international law firm CMS and Legal Week, which canvassed the views of more than 40 in-house counsel on the region’s business potential and how to mitigate risks.
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.