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

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