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?

CEE Boosted by Positive Tourism Trends Across the Region

cruise ship in Kotor Bay Montenegro. Aerial view panorama. Kotor bay Montenegro.

Almost 973 million passengers travelled by air in the European Union in 2016, 5.9 per cent more than in 2015 and 29 per cent more than in 2009. Central and Eastern Europe registered the highest increases, with Bulgarian and Romanian air traffic climbing by 22.5 per cent and 20.5 per cent respectively. The two regional leaders were followed by Hungary (up 14.1 per cent), Croatia (13.8 per cent), and Lithuania (13.3 per cent). According to Eurostat, the total number of people travelling by air from the CEE-EU11 member states exceeded 211 million. Continue reading CEE Boosted by Positive Tourism Trends Across the Region

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

Regional Relations in the Western Balkans: Moving Beyond Folklore

Bosnia and Herzegovina flag with Serbia flag, 3D rendering

A long-awaited visit by Serbian President Aleksandar Vučić to Sarajevo finally took place in September, the first visit to the Bosnian capital by a Serbian president. Open disagreements between Mr Vučić’s predecessor, Tomislav Nikolić, and the Bosniak representative of the Bosnian presidency, Bakir Izetbegovic, had made any such visit impossible in the past. Indeed, personal conflicts between the two leaders had led to total alienation between the two countries at the state level, all the while deepening Serbia’s relationship with the Republika Srpska and its leadership. Continue reading Regional Relations in the Western Balkans: Moving Beyond Folklore

Jadranka Joksimović: Serbia Takes Its Candidacy of the EU Seriously

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Jadranka Joksimović, Serbian minister of European integration, believes that Serbia’s strategic role is in connecting — connecting economies, people, even policies. She spoke to Nikodem Chinowski about the EU integration process, difficult neighbour relations with Croatia and Kosovo, and about the idea of the Balkan single market. Continue reading Jadranka Joksimović: Serbia Takes Its Candidacy of the EU Seriously

Serbia Is Promoting Business Opportunities for UK Companies

The country has free trade agreements with the European Union, Russia and the Eurasian Economic Union as well as Turkey and the United States. EU membership will open up new opportunities but might close others, Radoš Gazdić, Head of Strategic Investment Department, Development Agency of Serbia, tells Emerging Europe. He also announces the roadshow Serbia is planning in September, for across the UK.

Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty

Donald Trump

For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.

Continue reading Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty