Does the Sceptre of Separatism Haunt Emerging Europe?

Szekely Land Flag

There is much talk in Europe at the moment about the potential spread of separatist movements, a consequence of Catalonia’s referendum on independence. A number of maps have appeared on the internet pointing to various regions which may be next in line. The spectre of disintegrating states haunts some European Union states and is perceived (or instrumented) as a threat by others. In the eastern part of the EU, there is much talk about the case of the Silesians (some even mention the Kashubians) in Poland, the Hungarians of the Székely Land in Romania and Slovakia, Moravians in the Czech Republic, Russians in Latgale (Latvia), and the historical region of Samogitia in Lithuania.

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Retail Rents Rise Across Emerging Europe

Na Prikope Prague

Prague’s Na Příkopě and Pařížská are the most expensive retail streets in emerging Europe, with monthly rents averaging 220 euros per square metre. Kaunas is Europe’s most affordable retail location, with annual rents standing at just 174 euros per square metre. The figures were published on November 16 in a major new report prepared by real estate agency Cushman and Wakefield.

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Chinese Electric Car Maker Seeks Emerging Europe Base

zhi dou d2

Confirming China’s increasing interest in emerging Europe, electric car manufacturer Zhi Dou is reportedly looking for a location to build a new plant, with Slovakia one of its preferred options. Zhi Dou, which is part of the Zhejiang Geely Holding Group, wants to start building cars by 2020 in a new facility which will reportedly cost around 400 million euros.

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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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Slovakia: Growth Continues But Problems Remain

Mixed messages in the world of Slovakian business. While according to the latest figures published by the Business Alliance of Slovakia (PAS) the country’s business environment rating has fallen to 49.6 points (less than half its original starting value), in better news the World Economic Forum’s 2017-2018 Global Competitiveness Report (GCR) ranks Slovakia 59th, up six places on last year. Slovakia has alas dropped six places, from 33rd to 39th, in the World Bank’s Ease of Doing Business Report.

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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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Czechs Hold Emerging Europe’s Most Powerful Passport

The Czech passport is the most powerful of those issued by the 23 countries of emerging Europe. According to the most recent Passport Index, it is ranked eighth globally and allows its holders to travel visa-free to 152 countries around the world. The Hungarian passport is the second most powerful in the region, the only difference to the Czech equivalent being its failure to offer visa-free travel to Lesotho.

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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?