Currently, around 7 million mainly young, skilled and educated Bulgarian, Czechs, Hungarians, Poles, Slovaks and Romanians (CEE-6) live and work in Western Europe. The return of even a relatively small portion of these would boost regional GDP, for example, by stimulating the development of real estate markets. Continue reading CEE Emigrants Could Boost Their Countries’ Economies
In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda, MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region
GE has launched a recruitment campaign for its Power’s Grid Software Solutions (SWS) centre in Bucharest. GE Power’s Grid Solutions, which helps enable utilities and industry to effectively manage electricity from the point of generation to the point of consumption, serves customers globally with over 19,000 employees in approximately 80 countries. Continue reading GE Inaugurates Its New Bucharest Software Centre
Private equity and venture capital investments into companies in Central and Eastern Europe reached a total of €1.6 billion in 2016 — the highest amount since 2009, according to recent Invest Europe’s data. Continue reading PE and VC Investment In CEE Is At an Eight-Year High
The Bulgarian city of Varna ranks first among the 22 cities evaluated by the World Bank’s Doing Business in the European Union 2017, as far as starting a business is concerned. Continue reading Business Standards Are High in SEE But Vary Widely
In Q2 2017, the Romanian economy expanded by 5.9 per cent, compared to the same period in 2016, according to a preliminary estimate by the National Institute of Statistics (INS). The figure marked an acceleration from Q1’s 5.7 per cent expansion and vastly overshot the market’s expectations of a slowdown to 4.8 per cent.
Continue reading Romanian Economy Grows Fast in 2017
A host of flash estimate GDP data released by Eurostat and national statistics offices on August 16th showed that the economies of EU-CEE had another highly impressive quarter of growth in April-June. In seasonally-adjusted terms, growth strengthened in relation to Q1 from already elevated levels in the Czech Republic, Latvia, Poland and Bulgaria. In Romania and Slovakia momentum was unchanged relative to the previous three months, while in Lithuania and Hungary it slowed slightly. Data for the other EU-CEE economies—Slovenia, Estonia and Croatia—are not yet available. Continue reading EU-CEE Is Still Growing at a Healthy Rate
On 30 June 2017, BET, the main index at the Bucharest Stock Exchange (BVB), closed at 7,855 points, thus reaching 18.87 per cent growth in the first half of the year. At the same time, the average daily value of transactions increased by more than 30 per cent to €9.68 million and market capitalisation of all companies listed exceeded €37 billion. Continue reading Romanian Upgrade to Emerging Market is on the Cards
In the current European context, not many European leftist parties are successful in elections. From Western Europe to the new democracies, either populism or anti-establishment parties are seizing the moment. On the other hand, the Romanian Social-Democrats (PSD) held a steady grip on their electoral share, with a sweeping 45 per cent in the national elections, less than a year ago. Continue reading Surprising Resilience of Romanian Social-Democrats
The fight against corruption in Romania seems to be a never-ending story and corruption has very often been closely associated with the country. Continue reading Romania Says No to Corruption
Over the past three years, the Romanian economy has recorded some of the fastest growth rates in the European Union, helped by a rapid expansion of consumer spending. Continue reading Romanian Market Moving Towards Rebalancing
In 2015, Bucureşti-Ilfov, Romania’s capital-city region, had a GDP per capita of €19,300 amounting to 136 per cent of the EU average (GDP per capita PPS, EU28=100). At the same time, Sud-Muntenia, Sud-Vest Oltenia and Nord-Est were three out of 19 EU regions that were still below half of the average 47, 40 and 34 per cent of the EU average respectively, according to Eurostat.