Why Hungary’s New NGO Law Is Harmful for Business

Budapest, Hungary. Aerial view of the old city Budapest, Hungary with river and Parliament Building with cloudy blue sky

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

Partnership is the Key to CEE-Indian 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

EU-CEE Is Still Growing at a Healthy Rate

Prague emerging europe

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

Azerbaijan: The Rich Get Richer and the Poor Get Nothing

Baku

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

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

Ukraine’s Talented Students Are Well Served by Its Diversified Business Relevant Education

ukraine IT

The talent of software developers is the linchpin of creation and development for the IT industry in any country. That is especially true in Ukraine, as Ukrainians are very talented as a nation. In the Human Capital Index, Ukraine ranks 26th out of 130 countries in the world. Continue reading Ukraine’s Talented Students Are Well Served by Its Diversified Business Relevant Education

The Competitive Edge in Central and Eastern Europe

SOFIA BULGARIA - MAY 5: View of the Ivan Vazov National Theatre in Sofia on May 5 2016. Sofia is the largest city and capital of Bulgaria.

Joining the EU has unlocked robust GDP growth and continues to aggregate positive energy in the Central and Eastern European (CEE) countries. Adhering to the common market has brought a surge in trade, positive institutional changes and improvements in the business environment. However for many countries, it has also led to a migration of the labour force, which could affect long-term economic growth prospects. Continue reading The Competitive Edge in Central and Eastern Europe