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
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
Brexit means that Poland’s right-wing government is losing its most important EU ally and the opposition warns that the country could end up marginalised on the European periphery. However, the ruling party argues that Warsaw is a leader in debates on the EU’s future and is calling for a re-think of the trajectory of the European project. However, the future status of Poles, living in the UK, could complicate its plans to ensure an amicable Brexit settlement. Continue reading How Will Poland Approach the Brexit Negotiations?
The Deep and Comprehensive Free Trade Area (DCFTA) negotiations between the European Union and Ukraine began in 2018, after the country joined the World Trade Organisation (WTO). Despite having started on the wave of the Orange Revolution of 2003-2004, they were continued, or even accelerated, by President Viktor Yanukovych, who was elected in 2010 and is known for his pro-Russian. Continue reading Finalising the DCFTA is Expected to Bring Multiple Benefits to Ukraine
Despite its natural beauty spots and historical sites, Belarus isn’t a top tourist destination. As a matter of fact, it has been one of the least visited countries in Europe. Unfortunately, Belarus remains unknown to both foreign tourists and large-scale international business, primarily because of its visa regime. However, this is expected to change now, as Belarus is striving to overcome this stereotype and 12 February 2017 marks the important day when the visa regime changed. Continue reading Will the New Five-day Visa-free Regime Encourage More Visitors to Belarus?
In the current geostrategic environment, it is impossible to divorce political development from economic development. The prospects for the global economy and, by implication, for individual economies are intricately driven by significantly changing and unpredictable geopolitical trends. Continue reading European Volatility Makes Economic Development Slower for Ukraine
In his autobiographical and excellent overview of culture and society in Europe at the turn of the 19th and 20th centuries, ‘The World of Yesterday’, the Austrian writer Stefan Zweig showed how quickly the categories and concepts that describe the world around us can become obsolete. The lead up to World War I and the 1920s were separated by a mere decade, but when viewed in retrospect, these two decades seem to have little in common. For Zweig, writing in 1940, that entire bygone world was nothing more than an implausible legend. Continue reading Prepare for a New Europe
During the summit marking the 25th anniversary of the Maastricht Treaty, in December 2016, the president of the European Commission, Jean-Claude Juncker, called for a move forward with a two-speed Europe and also for the creation of a different orbit for those EU Member States who do not wish to take part in all facets of EU integration. If implemented, this approach will have far-reaching consequences for the CEE region, especially for the countries of the Visegrad group (the Czech Republic, Hungary, Poland, and Slovakia), which could effectively be side-lined in a two-speed Europe. Continue reading Will a Two-speed European Union Side-line the Visegrad Four?
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
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
Ongoing research, conducted by our team with industry players in the US and Europe, reveals there is an average of 30-40 per cent of small-cap & mid-cap companies or VC-backed start-ups at any given time that are planning to expand their operations abroad in the near future. Continue reading The Long Tail of Global Expansion
Belarus is the European Union’s 46th trade partner and its 3rd trading partner among the six Eastern Partnership (EaP) countries. At the same time, the EU is the second trade partner for Belarus after Russia and accounts for above one quarter of its total trade. Interestingly, Belarus has the least stabilised contractual relations with the EU, among the Commonwealth of Independent States, as the bilateral Partnership and Cooperation Agreement that was concluded in 1995, has not been ratified by the EU for political reasons. On top of that, Belarus is not a member of the World Trade Organisation (WTO) yet. Continue reading The EU Is Encouraging Belarus to Join the World Trade Organisation