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

The Sharing Economy Could Bring New Business Models to CEE

Recently, there has been increased interest amongst businesses and technology companies in the concept of a “sharing economy”. However, there has been a lack of proper debate on this concept and the impact it could have in a wide range of industries and sectors, particularly in the CEE countries. Although it’s quite a recent trend in the CEE region, there are new start-ups emerging there, despite there being some barriers to entry. For a sharing economy to become mainstream in CEE Europe, all those involved need to change their mind-sets, from the idea of ownership towards more of an access approach. Continue reading The Sharing Economy Could Bring New Business Models to CEE

The Voice of European Business Must Be Heard Loud and Clear by Brexit Negotiators

We are now potentially only weeks away from the triggering of Article 50. This all-important section of the Lisbon Treaty sets out the process by which a member country can leave the EU. No country has ever left the EU before and some experts are predicting a ten-year timeframe to negotiate a new trade deal: In this case, the UK Government has its work cut out for it if it is to complete Brexit negotiations within the two years stipulated by Article 50. Continue reading The Voice of European Business Must Be Heard Loud and Clear by Brexit Negotiators

The Morawiecki Plan Promises a Brighter Future for Poland

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.” The words of US President Ronald Reagan are still a useful shorthand to understanding government’s approach to the economy, even after the economic changes of the last thirty years. Continue reading The Morawiecki Plan Promises a Brighter Future for Poland

A Positive and Modern View of Entrepreneurship

Across 62 economies around the world, more than two-thirds of the adult population believe that entrepreneurs are well-regarded and enjoy high status within their societies. At the same time, Europe has the lowest belief in entrepreneurship as a good career choice — 58 per cent. Positive perceptions about entrepreneurship as a career choice range from 40 percent among the Finns and Swiss, to 78 per cent for the Netherlands. Continue reading A Positive and Modern View of Entrepreneurship

Ukraine’s Economy in 2017 — When Dreams of Growth Meet Geopolitical Reality

Those who follow the ups and downs of Ukraine’s economy cannot help but ask one obvious question — what is the “cause” behind all this “effect”? While the obvious disconnect between the economic data and market performance is sometimes baffling, we need to listen closely to the sources that matter more, such as the International Monetary Fund (IMF), the US Department of State, etc. and less to those that matter less — the Ukrainian Ministries of Economy, Finance, and the Central Bank, etc.).  Continue reading Ukraine’s Economy in 2017 — When Dreams of Growth Meet Geopolitical Reality

Poland: Is it Ready, and is it Time to Adopt the Euro?

When it joined the European Union in 2004, Poland was obliged to adopt the Euro (providing the country meets the Maastricht criteria) in the same manner as the other nine new member states and the three which entered the Block in 2007 and 2013 — at some undefined point in the future. Since then, the Baltic countries, Slovakia, Slovenia, Cyprus and Malta have all changed their national currencies, but Poland, the Czech Republic, Hungary, Romania, Bulgaria and Croatia have not yet done so. Continue reading Poland: Is it Ready, and is it Time to Adopt the Euro?

Falling into Old Ways in 2017? Ukraine’s Struggle for Functioning Economic Institutions

The turning of the calendar to a new year is a natural point to reappraise the legacy of the year just passed; searching for clues as to what will come and what must be avoided in the future. Such an exercise is particularly useful in the case of Ukraine, which has a large milestone coming up. February 2017 marks three years since (now) former President Yanukovych fled to Russia with large quantities of Ukraine’s treasury, a signature event which also sparked three years of tangible economic reform and political change.  Continue reading Falling into Old Ways in 2017? Ukraine’s Struggle for Functioning Economic Institutions

Breaking With Imitations of the Past

As I look forward into 2017, I see great developmental opportunities for Poland. There is an opportunity for an investment boom whose range and significance will propel the Polish economy into the future, breaking with imitations of the past. We have laid a solid groundwork for fostering sovereign savings and encouraging solidarity in the consumption of growth fruits, whilst improving public finances at the same time. But looking at foreign circumstances, we must remember one thing: today, in the globalisation era, the only certainty is uncertainty. Continue reading Breaking With Imitations of the Past