A country of four million, with ten thousand young people leaving it every year to seek a better life. The unemployment rate is one of the highest in Europe, as is the level of corruption. Thousands of stray dogs roaming Sarajevo or Zenica streets are a depressing symbol of the country’s downfall. This is Bosnia and Herzegovina 20 years after the bloody war. Continue reading Will the EU protect Bosnia and Herzegovina from a collapse?
The process of implementation of the political agreement reached between the main political parties last July, to overcome the long standing political crisis, continues to dominate the political and economic environment in Macedonia. With the return of the opposition to the Parliament on 1st September, the focus is now on the appointment by 15 September of a Special Prosecutor to investigate the massive wiretapping scandal, revealed earlier this year. Continue reading Is the Macedonian Government Mortgaging the Country’s Future?
The V4 countries have expressed their strong disapproval for the refugee quota plan suggested by the European Commission and received a lot of criticism from the Old member states. But what really happened that the old EU member states are trying to chaotically solve the migration crisis through the bureaucratic quota system which create an artificial burden for the new member states, which are not the final destination for the migrants? Continue reading For Migrants, the V4 Countries Are a Mere Stop On Their Way To the West
In 2010, the Hungarian parliament declared June 4 “the day of national belonging,” commemorating the date in 1920 that the Treaty of Trianon was signed, officially ending the state of war between Hungary and the Allied and Associated Powers. Almost a century has gone by, yet the word “Trianon” still arouses deep emotional responses in Hungary. Continue reading The Treaty of Trianon Is Still a Hot Issue In Hungary
This summer’s two week protest over the electricity tariff increase did not live up to some people’s expectations for the start of an Armenian Spring but it should have jolted the government into awareness that it cannot presume continuing public apathy to poor economic performance. The event should have resulted in the question “what can we do to create jobs and to boost growth?” being placed at the top of all cabinet meetings for some time to come. Whether it has or not remains to be seen.
In a recent interview, Professor Marek Belka, Governor of the National Bank of Poland, discussed the largest problems of Polish economy which I have been trying to bring up for a few years now. And that problem is that Poland’s idea of competitive advantages is based on low labour costs. As a result, Poland does not produce much. Instead the country is a large assembly line for international companies, which — trying to reduce their employees’ salaries — open new factories and shared cervices centres. Continue reading Poland Has Set the Bar Too Low, It’s Time To Aim Higher
This week the Kosovo Assembly voted in favour of the constitutional amendments that allows the creation of the so-called ‘Special Court’; a court that would specifically investigate the allegations detailed in EU Special Rapporteur Dick Marty’s report into crimes committed by Kosovo Liberation Army (KLA) members. The Assembly voted on the establishment of the court in April 2014 but then in June this year, amid public protects, it rejected the vote on making the constitutional amendments necessary for the court to be established. Continue reading Kosovo Assembly Votes For Special Court
A monetary union between Russia and Belarus has been on the table for ages. In the early 2000s it was not just an attractive political idea but a very likely project that was heavily worked on by the authorities. In the end, economists and analysts concluded that a monetary union with Russia wouldn’t be beneficial for Belarus and they supported their conclusion with three quite powerful arguments. Continue reading ‘No’ To a Monetary Union With Russia
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.