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Rising labor costs are the top concern of financial directors
Marek PielachCFOs in Poland are concerned about increasing operating costs, the shortage of qualified employees and the unstable business legislation.
Counterfeit goods cost the European economy billions of EUR each year
Obserwator FinansowyAccording to the report of the EU Intellectual Property Office, on average every EU citizen loses the equivalent of EUR116 per year due to the sale of counterfeit products. The total losses in 13 industries in the EU reach...
Baltic Pipe gets further financing and recommendation of final route
Jan DaraszThe Baltic Pipe project has obtained a welcome boost in the form of financing from the European Union, to a maximum of EUR18.3m, as well as having its route recommended.
Global warming will not increase global food production
Obserwator FinansowyThe increase in the average temperature in the world, mainly as a result of climate change, will reduce the yields of cereals and other crops in the future, writes OECD in its report.
Engel’s law no longer applies – Poles are spending more on food
Jakub OlipraAccording to Engel's law, as the household income increases, the share of income spent on food decreases. In Poland, this share has stabilized at a relatively high level in recent years despite rising household incomes.
The unknown future of Air Serbia
Milica MilojevićMedia specializing in air traffic monitoring reported that Etihad Airways, a United Arab Emirates will not renew its management contract with Air Serbia. The Serbian government will take control over the management of Air...
Croatia will start importing foreign workers
Vedran ObućinaIn the Q1’18, Croatia was among the EU members with the largest growth in the number of employees on a quarterly and annual level, Eurostat's latest report showed. Still, the country lacks employees in all sectors.
Baltic energy goes through serious changes
Jan DaraszEstonian energy company, Eesti Energia takes over renewable energy developer Nelja Energia. The value of the transaction is EUR289m. The Baltic States’ electricity systems will be connected to the Continental European...
airBaltic big plans for the future of Latvian airline industry
Vedran ObućinaThe Latvian state-owned low-cost airline airBaltic announced that it will buy 60 brand new Bombardier CS300 aircraft for an estimated up to EUR4.8 bn. This is the biggest purchase in the history of the Latvian airline
Giant Bicycles rides E-bike wave in Central and Eastern Europe
Jo HarperPoland has been one of the most important bicycle manufacturing countries in Europe for years. Hungary may become a competitor, as Giant Bicycles is set to invest EUR15m in a 22-hectare E-bike production facility in...