Ukraine’s Tech Sector Is Booming but Needs Awareness and Confidence

ukraine tech emerging europe

Despite several turbulent years, Ukraine’s economy is now showing real promise. The country recently received its latest tranche of IMF funding and is making a huge effort to stamp out corruption. With a large base of highly skilled technology professionals and a highly-developed information technology sector, Ukraine’s economy has all the ingredients required to create Europe’s next big technology hub. Continue reading Ukraine’s Tech Sector Is Booming but Needs Awareness and Confidence

Bulgaria Needs a Reform-Oriented Government to Take Full Advantage of its EU Membership

bulgaria emerging europe

Bulgaria is still the poorest EU member state, although its GDP is now around 50 per cent of the Bloc’s average, while it was only 25 per cent back in 2000. The country has a rather dynamic and often turbulent political life, but its democracy is more pluralistic and less polarised than Hungary and Poland. In a rather competitive environment, one party – the centre-right GERB — and its leader Boyko Borissov have dominated the political scene over the last ten years. They emerged as the biggest party faction in the National Assembly after the latest parliamentary elections in March. On May 4, the third Borissov government was sworn in. Continue reading Bulgaria Needs a Reform-Oriented Government to Take Full Advantage of its EU Membership

Winning the Fight for Female Talent in Central and Eastern Europe

pwc women

A unique confluence of demographic, historical and cultural factors is changing the balance of power between Central and Eastern European companies and the women who work for them. As increasing automation drives up the relative demand for skills that have traditionally been seen as female, employers are moving from just paying lip service to inclusion, to actively competing to attract and retain talented women. Continue reading Winning the Fight for Female Talent in Central and Eastern Europe

EU Membership Offers Real Prospects of Social Progress Gains

Beautiful view on cute backyard in sunny day, fresh green grass

In recent years, the narrative around the EU has all too often been one of divergence: from the economic shockwaves that led to ongoing speculation about Greece’s future in the Eurozone, to the UK’s decision to leave the bloc. However, when it comes to measures of social progress, far from divergence, we are seeing a very different story — one of convergence between nations. Analysis by the Social Progress Index offers hope to nation states, of a promising future for the 500 million people living within the EU. Just as importantly, to candidate nations, the prize of EU membership offers the potential for improvements in the social conditions of their citizens.

Continue reading EU Membership Offers Real Prospects of Social Progress Gains

Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty

Donald Trump

For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.

Continue reading Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty

Transition in Government and the Economy Remains Vital in CEE

Cloudy skies above the Hungarian Parliament Building Budapest.

As the European Bank for Reconstruction and Development (EBRD) holds its annual meeting in Cyprus, the political and economic landscape across transition economies is perhaps one of the most difficult that the EBRD has faced since the early 1990s. The rise of authoritarian populism, the acceleration of centrifugal forces in Europe, and the emergence of Russia as a source of regional instability have all threatened to unravel some of the hard fought gains seen in Central and Eastern Europe (CEE) and the former Soviet Union (FSU). Continue reading Transition in Government and the Economy Remains Vital in CEE