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

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

After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad

In November 2016, the Romanian Ministry of Economy posted a preliminary draft of the energy sector 2016-2030 for public consultation, with a year 2050 perspective. It tackles all energy resources such as crude oil, natural gas, coal, biomass and energetic waste, and includes special sections for electricity.  This is, therefore, the occasion for a review of the Romanian power sector and its evolution over the past 25 years. Continue reading After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad

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?

Outsourcing Changes in CEE: Understanding Is About More Than Speaking the Same Language

Outsourcing is being transformed; new outsourcing destinations, digitalisation, automation and the Internet of Things are only a few of the elements that are shaping it now.

Jeffrey Puritt, president and CEO of TELUS International, which operates delivery centres in eight countries, including Romania and Bulgaria, spoke to Andrew Wrobel about how his company selected the two emerging European countries, as well as about the newest trends in the sector and global outsourcing standards, during the Brexit and Global Expansion Summit in London. Continue reading Outsourcing Changes in CEE: Understanding Is About More Than Speaking the Same Language

Changing Perspectives and Showing That True Romania is a Vibrant Innovative Country

When I meet a foreigner for the first time, the moment I start a conversation about Romania, it seems as if we are discussing a topic where each of us has a completely different view. This proves that there is a significant gap between how people see Romania and what the actual reality is. That makes me determined to show people that Romania means culture, talent and technology.  Continue reading Changing Perspectives and Showing That True Romania is a Vibrant Innovative Country

Axosuits — Democratising Access to Health-Improving Technologies

In the past building exoskeletons might have been reserved for large companies — all five of the major players are listed on NASDAQ or the Nikkei and only three of them are manufacturing products that are commercially available. However, some young Romanian inventors decided to challenge them and to build an exoskeleton which would be more affordable than the ones these giants offer.

András Kapy, CEO at Axosuits, spoke to Justyna Wróbel about how he and his friends came up with the idea of democratising access to medical technologies and improving people’s quality of life. Continue reading Axosuits — Democratising Access to Health-Improving Technologies

The Reality in Romania Exposes False Perceptions Of The Country

In 2015, foreign companies invested almost $3.4 billion in Romania, which is also the average FDI that the country has attracted in the last four years, according to the World Investment Report 2016. In 2016, Romania is expected to be the EU’s fastest growing economy. Will that growth help the country increase FDI into the country?

Manuel Costescu, Secretary of State at the Ministry of Economy of Romania, is responsible for foreign direct investment as the Head of InvestRomania. He talked to Andrew Wrobel about the country’s new investment promotion strategy, Romania’s key sectors and the successes the country has achieved in fighting corruption and improving its business climate. Continue reading The Reality in Romania Exposes False Perceptions Of The Country