Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

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

EU-CEE Is Still Growing at a Healthy Rate

Prague emerging europe

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

Surprising Resilience of Romanian Social-Democrats

BUCHAREST ROMANIA - June 21 2017: Liviu Dragnea President of Social Democrat Party speaks in front of Parliament during a no-confidence vote against Sorin Grindeanu's Cabinet.

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

Romania’s Infrastructure Development Is Slow

roads romania

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.

Continue reading Romania’s Infrastructure Development Is Slow