TTIP And Polish Small And Medium Enterprises Expanding To the US

Attracted by higher growth prospects and seeking new business opportunities, more and more Polish companies are looking to expand to foreign markets, including the United States.

Currently, there are obstacles that companies have to overcome.

Two Polish business people, Marcin Piątkowski, CEO & Founder of JAM Vehicles and Jakub Imosa, Co-Founder & CEO of Kotrak Group, explain what expectations they have of the the Transatlantic Trade and Investment Partnership.

Euro adoption: lessons from Latvia

Nine months after Latvia introduced the euro, the country has seen a number of benefits: the common currency has significantly lowers the international transfer fees and conversion fees, Latvia uses a global reserves currency which helps remove devaluation risks, the country’s rating has improved and it is now able to take part in the European Monetary Union’s decision process. The Bank of Latvia is also expecting other benefits in the foreign investment area.

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Poland and the Eurozone: It’s time

“The zloty fulfilled its goal in the time of that crisis but should there be another earthquake around Poland, being outside the Eurozone would be particularly dangerous for the country, its inhabitants and economy. Should we have another typhoon in Europe, similar to the one after the collapse of Lehman Brothers in 2008, we wouldn’t be able to survive even though we are part of the European Union because we’re not in the Eurozone,” says Janusz Piechociński, Poland’s Deputy Prime Minister and Minister of Economy.

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To EU or not to EU: A possible turbulence in the CEE region

One never knows how things will develop, says James Roaf, Senior Regional Resident Representative of IMF, discussing changes on the CEE geopolitical scene with Why Emerging Europe, including Russia’s annexation of Crimea and CEE’s history of legacy risks. Roaf argues that it is imperative for countries of CEE to repair their fiscal policies through structural reform, dealing with high debt levels and controlling the exposure to unpredictable foreign investment in order to create a healthier business climate and better economy.