In the World Bank’s Doing Business 2015 report, Croatia ranked 65th, much higher than neighbouring Serbia and Bosnia Herzegovina, but what really stands out is the enormous progress the country has made over the last years. The 2015 position actually means a leap up by 23 places within two years and by 53 places within just a decade.
Development of nuclear energy in many countries has overcome the temporary slowdown following the Fukushima accident that was caused by the largest seismic and tsunami events in Japanese history. China, India, Korea, and Russia now have intensive nuclear power programmes, in the USA four new nuclear units are being built, and in Japan restarts of nuclear power plants are under way.
While the recent European Economic Forecast of Winter 2015 talks of an average growth of 0.8 per cent in the Eurozone and 1.3 per cent across the European Union in 2014, the Montenegrin economy will grow by 2 per cent.
But the growth rate is not the most important factor when it comes to investing or doing business in a country. More crucial are the business climate, competitiveness, and other indicators.
2014 marked the tenth anniversary of EU enlargement. In many memorial speeches the narrative of putting an end to the East-West divide was framed as a fairy tale with a happy ending: a stronger, richer, and safer Europe.
The Albanian Prime Minister recently blamed the energy crisis in the country on the Democratic Party, which had been in power until September 2013, and said the current situation resulted from “their ignorance.” However, despite the fact that Mr. Edi Rama’s Cabinet has sufficient evidence to implicate these former officials, no measures have been taken to confirm their criminal activities. Does the Prime Minister follow a path similar to that of his former colleagues in power?
During the civil war that followed Moldova’s independence 22 years ago, the central government in Chișinău launched an offensive to regain the territory held by the pro-Russian separatists. Without formally declaring war, however, Russia came out on top in this small conflict. Suddenly, entire Russian army battalions armed with tanks and heavy artillery stepped out as “volunteers” to fight against Moldova.
The nickname of Poland as a “Green Island” was coined by the government in 2009. The big map behind Prime Minister Tusk showed all Europe in red, with the GDP falling everywhere. With one exception: Poland was marked green, with the GDP growing despite the pan-European recession.
The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration into the global economy, and, in most cases, major improvements in living standards. A recent report we produced in the IMF steps back to review the experience.*
All over the world, words such as “innovation” or “startup” are coming to be a large part of almost every globally oriented, business conversation. That shouldn’t be a surprise if we take into account that “innovation,” and all that comes with it, is the exact factor driving the business of tomorrow.
On 3 December 2014, Russian President Vladimir Putin announced officially that South Stream, which aimed to bring some 63 billion cubic meters (bcm) of gas per year across the Black Sea to Bulgaria, on through South-East Europe to Italy, was dead.
As during its presidency of the Council of the European Union Latvia leads the development and implementation of the EU Commission president Jean-Claude Juncker’s Investment Plan in Brussels, the Baltic state continues to show exemplary focus on attracting foreign direct investment (FDI) at home.
For about 20 years, the Swiss franc was the most stable currency and was regarded a “safe haven” by a lot of borrowers but that stability ended along with the financial crisis and that is when the franc started appreciating. Since 2008 or the peak of the crisis, the franc has appreciated against the euro by some 70 per cent.