Since the 1990s, when the Czech Republic opened up to international trade following the fall of communism, numerous foreign companies of all sizes have chosen the country as an ideal location for their investments. Today, companies such as Microsoft, IBM, Honeywell, Continental, Procter & Gamble, Ford and Siemens have branches in the country, which is ideally located in the heart of Europe. Continue reading Czech Republic: Aiming To Become One Of Europe’s Ten Most Attractive Investment Destinations
In February 2014 the Euromaidan revolution in Ukraine achieved its first goal of ousting the rapacious, corrupt regime of President Yanukovich; this was followed by open and fair elections for President and then Parliament. The new government then started to work on the Revolution’s second and third goals: to move quickly on integration with Europe including eventual EU membership, and to implement a programme of rapid economic reforms to repair the economic mismanagement of the past quarter century. Continue reading Ukraine Needs the European Union’s Moral Support To Complete Its Reforms And Integrate With Europe
Belarus is a smart, reliable and promising destination for the companies seeking a new site in Eastern Europe.
It is smart because one wouldn’t want to choose another place for the business, when having a goal of overcoming trade barriers and confidently stepping into the market of 175 million consumers, as there are numerous opportunities opening up for those doing business with Belarus as a member of the Eurasian Economic Union. They decide to set up here, and not in Russia or Kazakhstan, because Belarus offers greater political stability, less corruption and bureaucracy, as well as a better business environment. Continue reading Smart, reliable and promising
Bosnia and Herzegovina (BiH) has made a huge step forward since the country experienced a war in the 1990s. Between 1998 and 2008 the country observed strong growth, with the GDP increasing by over two thirds in real terms. Since the global crisis, the economy has slowed down but the Central Bank’s forecast for 2015 is 2.5 per cent.
The European Union has witnessed a dramatic political shift in the last few years. The 2013 elections in Italy were won by an anti-establishment party formed by a comedian. In Spain, a new party, formed by anti-establishment professors is leading in the polls. In France, a nationalistic and anti-establishment party enjoys massive popularity. In Greece, nationalists and populists won the elections in January 2015. Anti-European rhetoric helped Conservatives win the most recent elections in the United Kingdom. At the same time, Scottish nationalists scored a massive victory. Now the UK will run a referendum whether it should leave the European Union. There are similar numerous examples in Hungary, Finland, Germany and other European countries.
In the light of the annexation of Crimea and the on-going conflict in eastern Ukraine, increasingly more post-Soviet countries feel threatened by Russia’s expansionism. The Kremlin’s tactics evoke concern particularly in the Baltic States, such as Latvia.
Albania is a country of new opportunities with a youthful highly-qualified and low-cost labour force eager to work. 57 per cent of Albanians are 35 years old and younger and the average wage is one of the most competitive in the region. More than 100,000 students are enrolled at universities and foreign languages such as English, Italian and Greek are widely spoken.
When compared to the widespread predictions of gloom and doom for the Russian economy and ruble of late last year the actual results for the first quarter of 2015 have been very good. GDP is estimated to have contracted by a little over 2 percent year on year, the ruble bounced by over 25 per cent against the euro and the Central Bank was confident enough to cut its benchmark interest rate in both January and March. This relatively positive trend has led to a wave of confident predictions from government and many Russian commentators that the crisis is over and the economy is now set to recover steadily, if not strongly.
Self-declared unorthodox politician, Hungarian Prime Minister Viktor Orbán recently went to Kazakhstan’s Astana, where he declared that he “feels at home” there, “unlike in Brussels.”
It is often speculated that the Russian-speaking population in Estonia, Latvia and Lithuania might become a fifth column that undermines the sovereignty of the Baltic states and pushes them closer to Russia. Is there a reason for that? Should we fully trust the Baltic states?
Over the recent years, Lithuania has managed to place itself amongst the top destinations for international businesses. There is no secret behind our latest successes. It’s rather a combination of factors that have contributed to making Lithuania an attractive place to run a business.
Over the past several years, Serbian economy has experienced growth due to strong foreign investment and continuous improvement of its business environment. And the improvement of Serbia’s overall business climate was certainly not left unnoticed and unappreciated by the investors.