Why Emerging Europe is the New Darling of Outsourcing

outsourcing Developing programming and coding technologies. Website design. Cyber space concept.

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.

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Emerging Europe Internet Speeds: Could Do Better

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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.

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Skiing in Emerging Europe

gudauri ski georgia

With the first snows of the winter having already fallen across Emerging Europe, many people’s thoughts would have already turned to winter holidays, and to skiing. While for many the countries of the region are not the first to spring to mind when planning a ski trip, there are in fact a number of very good ski resorts in this part of the world. From Jasna in Slovakia to Tsakhkadzor in Armenia, many offer some superb, rugged skiing amidst fantastic scenery, usually at prices well below those in Western Europe. Not that the low cost is the only attraction. For a new breed of adventurous skier, jaded perhaps by the increasingly busy motorway pistes of France, Switzerland, Austria and Italy, the search for fresh powder, for empty slopes and for new experiences is the real draw. That’s where Emerging Europe comes in, and that’s why our editor-in-chief Craig Turp, who has skied in more countries than most people have visited, decided to put together this short guide to skiing in some of the region’s top – and in some cases surprising – locations. Continue reading Skiing in Emerging Europe

EBRD Transition Report Highlights Financial Sector Resilience

Baku

The EBRD’s latest Transition Report: Sustaining Growth, issued at the end of November, has highlighted a welcome upturn in the pace of reform in emerging economies where the bank invests, four years after reporting that reforms were stalling or even being thrown into reverse. The EBRD also unveiled a new set of investment criteria for its projects, ensuring that its countries of operations are more competitive, better governed, greener, more inclusive, more resilient and more integrated. The six criteria are: reforms aimed at making economies more competitive; good governance; green transition; inclusion; resilience; integration.

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World Bank: Western Balkans Need to Speed Up Growth For Faster Convergence

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It will take as many as six decades for income levels in the Western Balkans to catch up with those of the European Union (EU) if economies in the region continue to grow at the average speed achieved between 1995 and 2015, says the World Bank’s Western Balkans: Revving Up the Engines of Growth and Prosperity report, looking at how Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia can speed up economic growth and achieve faster income convergence with the EU.

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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.

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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.

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Is the Level of Foreign Ownership a Problem in Emerging Europe?

Flags of European countries flying from their capital cities. Viewed from the South.

Economic strategies are being questioned in several countries, both in Emerging Europe and elsewhere. Politicians have proposed more nationalist economic approaches, and in some cases are acting on them, in both Hungary and Poland as well as the US and the UK. In the former two emerging Europe countries, governments have consciously adopted policies of promoting nationally owned businesses, ostensibly out of concern that excessive foreign ownership hurts the country’s welfare. Continue reading Is the Level of Foreign Ownership a Problem in Emerging Europe?

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