The Czech government has decided to change the country’s name to Czechia, in an effort to better promote the national brand. While the official name of the country remains the Czech Republic, the country will adopt the shorter moniker (akin to France instead of the French Republic) and register the new name with the UN. Continue reading Czech Republic Renaming Has Real Economic Costs
In Ukrainian politics, a week is an age.
The last one began with President Petro Poroshenko being roiled by accusations in the Panama Papers that he set up a secret offshore company when his troops were being decimated by pro-Russian rebels. By Sunday, Prime Minister Arseniy Yatsenyuk had resigned, upending the ruling coalition. Continue reading Resignation in Ukraine: War, Revolution, Crisis — Some Things Never Change
The European Union is commonly described as an economic giant, but a political dwarf. Recent phenomena, such as the mass immigration into Europe, its anaemic economic growth and terrorist attacks – alongside the resulting radicalisation of the European political scene – may bring about the disintegration of the EU, making it a dwarf in the economic dimension as well as political. Continue reading The EU’s Choice: Fundamental Reform Or Disintegration
The SSC/BPO industry in Poland is still gaining momentum, therefore the need for talent remains strong. Local business leaders have made a great deal of effort to position this business as strategic to the Polish economy. Since then recognition, tailor-made educational programmes and industry-specific labour law regulations have all resulted in an inflow of talent. Continue reading SSC/BPO — Sourcing Talent On Poland
Until about a quarter of a century ago, in the countries of Central and Eastern Europe (CEE), which is my part of the world, every year on 8 March, female employees received flowers from the state-run trade unions. Sometimes they got a single carnation, sometimes a potted flowering plant — perhaps it was dependent on the country— but on that exact early March morning the flower was a wonderful promise of the coming spring, as well as the only token of our then-celebration of femininity. Apart from that single gesture, gender equal opportunities were never a topic of debate, although women were a huge part of the workforce behind the Iron Curtain. Continue reading International Women’s Day — Let’s Take Action And Then Celebrate
For the last 40 years we have been observing the changing landscape of the business world. One important change is in the way a valuation is made for a company. In the 1970s the material value of a company was over 80 per cent of its total value and the non-material value was less than 20 per cent. Now it is the other way around; non-material values such as brand, reputation and relations make up over 80 per cent of the total value of a company. (1) Continue reading Non-financial Reporting — Why And What For?
Last week the Croatian Permanent Representation in Brussels organised the first gathering of Croat nationals working in the EU institutions. The first networking event, regularly organised by other perm reps as well, came 2.5 years after the country’s membership in the Union. It was a beautiful sight to see — a couple of hundred young, bright, and motivated colleagues. The overall feeling was “a bit late, could have been done earlier, but ok, the Perm Rep is getting there”. Continue reading Two And a Half Years Since Croatia Joined the EU, And What Now?
On January 22 2016, the Croatian Parliament finally ratified the new government giving it its necessary political legitimacy. This comes amid a daunting two and a half month post-election negotiation process between three parties (SDP, HDZ and MOST), in which the word turmoil can hardly describe the suspense, excitement and discontent amongst the media, the public, and the politicians themselves. Continue reading The New Prime Minister Has the Important Goal Of Cutting the Budget Deficit
Croatia has officially overcome the economic crisis, with GDP displaying growth, albeit modest, for the third consecutive quarter. The GDP recovery is a result of numerous factors including trade partners’ recovery, the oil price slump, a record tourist season, personal income tax cuts and the relief that low interest rates have leveraged on households and firms. Continue reading 2016 — a Year Of Revival In the Croatian Real Estate Market
Business has no borders, but in order to function well it needs links. Croatia is ideally located to provide those links between the European Union and the Western Balkans. Infrastructural connections are already in place. Now it’s time for Croatia to increase the role it can play in connecting capital markets. Continue reading Croatia Is the Link Between the Capital Markets Of the Western Balkans And the EU
The latest presidential elections were held on 11 October 2015, when the incumbent President Alexander Lukashenko registered a first-round landslide victory with 83.5 per cent of the vote. His fifth term will end in the autumn of 2020. Continue reading Belarus 2020: Turning the Vicious Circle Into an Upward Spiral
2015 brought about a long-awaited awakening in the mergers and acquisition (M&A) market in the Croatian private sector. Continue reading With a New Pro-Business Government, Croatia Offers Great Investment Opportunities