Poland’s Capital Saturation Lower Than the Czech Republic’s

deloitte fdi poland

In the 27 years since the transformation, Poland has been preoccupied with catching up with the more civilised and developed economies of Western Europe. Moreover, it has not suffered a recession since 1991, when the GDP dropped by seven per cent per annum. For these reasons, we have seen the longest period of constant and stable global economic growth ever. The economic upturn has also fostered foreign investment. Continue reading Poland’s Capital Saturation Lower Than the Czech Republic’s

The Competitive Edge in Central and Eastern Europe

SOFIA BULGARIA - MAY 5: View of the Ivan Vazov National Theatre in Sofia on May 5 2016. Sofia is the largest city and capital of Bulgaria.

Joining the EU has unlocked robust GDP growth and continues to aggregate positive energy in the Central and Eastern European (CEE) countries. Adhering to the common market has brought a surge in trade, positive institutional changes and improvements in the business environment. However for many countries, it has also led to a migration of the labour force, which could affect long-term economic growth prospects. Continue reading The Competitive Edge in Central and Eastern Europe

The Voice of European Business Must Be Heard Loud and Clear by Brexit Negotiators

We are now potentially only weeks away from the triggering of Article 50. This all-important section of the Lisbon Treaty sets out the process by which a member country can leave the EU. No country has ever left the EU before and some experts are predicting a ten-year timeframe to negotiate a new trade deal: In this case, the UK Government has its work cut out for it if it is to complete Brexit negotiations within the two years stipulated by Article 50. Continue reading The Voice of European Business Must Be Heard Loud and Clear by Brexit Negotiators

Will the New Five-day Visa-free Regime Encourage More Visitors to Belarus?

Despite its natural beauty spots and historical sites, Belarus isn’t a top tourist destination. As a matter of fact, it has been one of the least visited countries in Europe. Unfortunately, Belarus remains unknown to both foreign tourists and large-scale international business, primarily because of its visa regime. However, this is expected to change now, as Belarus is striving to overcome this stereotype and 12 February 2017 marks the important day when the visa regime changed. Continue reading Will the New Five-day Visa-free Regime Encourage More Visitors to Belarus?

Falling into Old Ways in 2017? Ukraine’s Struggle for Functioning Economic Institutions

The turning of the calendar to a new year is a natural point to reappraise the legacy of the year just passed; searching for clues as to what will come and what must be avoided in the future. Such an exercise is particularly useful in the case of Ukraine, which has a large milestone coming up. February 2017 marks three years since (now) former President Yanukovych fled to Russia with large quantities of Ukraine’s treasury, a signature event which also sparked three years of tangible economic reform and political change.  Continue reading Falling into Old Ways in 2017? Ukraine’s Struggle for Functioning Economic Institutions

Breaking With Imitations of the Past

As I look forward into 2017, I see great developmental opportunities for Poland. There is an opportunity for an investment boom whose range and significance will propel the Polish economy into the future, breaking with imitations of the past. We have laid a solid groundwork for fostering sovereign savings and encouraging solidarity in the consumption of growth fruits, whilst improving public finances at the same time. But looking at foreign circumstances, we must remember one thing: today, in the globalisation era, the only certainty is uncertainty. Continue reading Breaking With Imitations of the Past

The Belarusian Economy: The Challenges of Stalled Reforms

Belarus stands out as a special case in transition blending. On one hand, there are the signs of relative prosperity, the socially oriented policies and the buds of entrepreneurship and then, on the other hand, its remnants of the Communist past. Belarus has embarked on a transition path of its own, different from what is happening in other countries but still delivering a particular path to economic transformation. Continue reading The Belarusian Economy: The Challenges of Stalled Reforms