Almost three decades since the fall of communism, emerging Europe brands still do not shine as bright as their western counterparts.
The latest Nation Brands report, published by Brand Finance, shows how Brand Romania, Brand Slovakia, Brand Bulgaria and other nation brands from emerging Europe are much weaker and less valuable than their western neighbours — and with a long way to go before they can carry their economies in times of distress. Perceived higher market risk has also been reflected in lower FDI and M&A flows over the past three decades.
Continue reading Measure, Strengthen, and Grow
The lead sentence from Dumas’s Three Musketeers, symbolising team work and cooperation towards a common goal, came into my mind at our recent event, the CEE Supply Chain Dialogue, organised with the participation of Hungarian, Polish, Croatian, Czech, Romanian, Serbian and Slovenian government organisations, investment agencies, and export banks. Our aim with the event was to discuss opportunities to better connect SMEs in CEE to the global economy via GE’s supply chain, and ways in which GE can catalyse and support this process. Clearly a case of ‘all for one and one for all.’
Continue reading All for One, and One for All
Economic strategies are being questioned in several countries, both in Emerging Europe and elsewhere. Politicians have proposed more nationalist economic approaches, and in some cases are acting on them, in both Hungary and Poland as well as the US and the UK. In the former two emerging Europe countries, governments have consciously adopted policies of promoting nationally owned businesses, ostensibly out of concern that excessive foreign ownership hurts the country’s welfare. Continue reading Is the Level of Foreign Ownership a Problem in Emerging Europe?
Earlier this month I had the pleasure of chairing a panel of thought leaders and industry experts at the European Bank for Reconstruction and Development (EBRD) in London. The subject matter was centred on the ICT industry in the Ukraine specifically, and the broader Central and Eastern European (CEE) region in general. Continue reading Is the CEE Region About to Steal the Outsourcing Crown From India?
The new non-governmental organisations’ (NGO) law in Hungary made international headlines; however, the crackdown on independent NGOs, trying to hold the government accountable, is not a new phenomenon in Hungary. The newly adopted law is about the transparency of foreign funded organisations. Despite its title, the law does not further transparency, but rather serves as a tool to stigmatise independent voices. Continue reading Why Hungary’s New NGO Law Is Harmful for Business
India’s progress in the last two decades has been unique. Traditionally, the manufacturing sector is viewed as the key engine of economic growth. Western countries, China and South East Asia grew largely due to growth in manufacturing sector, but India’s economic growth is largely driven by the services sector. For example, in 2015-16, the services sector contributed around 66.1 per cent of the country’s gross value added growth. Continue reading Partnership is the Key to CEE-Indian Business
A host of flash estimate GDP data released by Eurostat and national statistics offices on August 16th showed that the economies of EU-CEE had another highly impressive quarter of growth in April-June. In seasonally-adjusted terms, growth strengthened in relation to Q1 from already elevated levels in the Czech Republic, Latvia, Poland and Bulgaria. In Romania and Slovakia momentum was unchanged relative to the previous three months, while in Lithuania and Hungary it slowed slightly. Data for the other EU-CEE economies—Slovenia, Estonia and Croatia—are not yet available. Continue reading EU-CEE Is Still Growing at a Healthy Rate
According to a recent (May 2017) public opinion poll, 72 per cent of Czech people favour keeping their national currency whereas only 21 per cent would welcome a switchover to the Euro. Continue reading Czech Own Currency Insures Against Euro Losses
Azerbaijan is a small but energy-rich country in a strategically sensitive location. Its leaders have had many choices about pathways to the future and through consistent decisions over two decades, have created a repressive oligarchic regime that is ruled by one family. How did Azerbaijan, which started on the path to political pluralism in 1992, become a corrupt state that abuses human rights and the media? Continue reading Azerbaijan: The Rich Get Richer and the Poor Get Nothing
The inflow of FDI had long been considered the main driver of economic growth in the countries of Central and South-eastern Europe. During the transition to a market economy, FDI provided much-needed capital and knowledge, as well as access to technology and markets. Continue reading Ex-Transition Economies’ FDI Recovery
The way companies approach expansion strategy is changing. I recently met with the head of Expansion, of a fast growth technology company, and learnt more about his thought process when deciding which country to go next. Continue reading Switched on Heads of Expansion Are Developing their Own Business Rankings, Adjusted to Their Companies’ Realities