Poland’s government has made no secret over the past 12 months of its plans to change media rules in a such way that could force some foreign owners out of the country. Despite criticism from both the European Union and human rights groups including Amnesty, Poland’s Deputy Culture Minister Pawel Lewandowski said as recently as August 2017 that while the new law (which he is helping to draft) would stop short of ‘re-Polonizing’ the nation’s media, it would nevertheless impose rules limiting ownership on groups whose cross-platform holdings and market share are deemed ‘dominant.’
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.
Andrew Wrobel meets Valeri Chekheria, one of Georgia’s most forward-thinking entrepreneurs. Continue reading Sustainable Rooms
The Czech capital Prague is the 5th most popular European city for tourists, and is on course to welcome more than 8.5 million visitors in 2017, a 4.5 per cent increase on 2016. The figures were presented at the World Travel Market in November by Euromonitor International, which has been studying travel trends across the globe for the past decade.
According to Eurostat’s Digital Economy and Society report, 3 per cent of businesses in the EU still do not have an internet connection, with the highest share of these being found in Romania (16 per cent). The report also states that when it comes to mobile connectivity, there is a distinct gap between large businesses, of which 94 percent use a mobile broadband connection, and SMEs, only 69 per cent of whom make use of the technology.
Less than six years ago, Warsaw had only one airport — Okęcie — which has recently been expanded and in 2016 handled a record number of 12.8 million passengers. Today, there is Warsaw Modlin, located 40 kilometres north of Poland’s capital, served mainly by Ryanair flights, and Radom, about 100 kilometres south of the city, which opened three years ago at the cost of 120 million złotys (27.8 million euros) and recently lost its only regular carrier. Now the government is planning another airport in Stanisławów, some 45 kilometres west of Warsaw. The cost of the investment is estimated at 20 billion złotys (4.6 billion euros) and the first plane is scheduled to take off in mid-2027.
The ICT sector, with over 420 firms, has been one of the fastest developing sectors in Bosnia and Herzegovina (BiH) over the last few years. According to the Foreign Investment Promotion Agency (FIPA), its share of the country’s GDP amounts to 80 million euros. In 2016, the number of IT people employed by ICT companies increased by 97 per cent compared to 2010, and net profits of ICT firms have doubled.
Buying eggs is becoming a challenge for Polish grocery shoppers. Not only is the price of eggs going up — by 28 per cent between October 9 and 15, according to the Ministry of Agriculture and Rural Development — but they are also increasingly hard to find in shops and hypermarkets.
The otherwise monotonous Baltic banking sector has recently seen some tremors with two Nordic banks Nordea and DNB merging into one business, Luminor, a new bank. There are also strong rumours regarding the possible arrival of a Polish bank, PKO, in Lithuania, the largest Baltic state.
In a welcome boost for Romania’s burgeoning IT outsourcing sector, the American tech giant GoPro – best known for its action cameras – announced on October 27 that it would be expanding its presence in Romania. GoPro will be moving to larger premises in Timpuri Noi Square, a new development a short distance from the centre of the Romanian capital Bucharest.
The Baltic States are waging a war against unhealthy eating and drinking habits, and the Estonian government has been active on a number of fronts. First it raised excise duty on alcohol, and then quickly pushed forward legislation aiming to reduce sugar in food and beverages, duly passed by the Estonian parliament, the Riigikogu, in June 2017. The law introduced taxes on all sweetened drinks containing more than 5 grams of sugar per 100 milliitres.
Central European Media (CME), which owns and operates a number of television stations across emerging Europe, including TV Nova in the Czech Republic, bTV in Bulgaria and Pro TV in Romania, has announced a big increase in revenue for the third quarter of 2017.