One of China’s largest state-owned banks, the Bank of China, opened a new branch in the Romanian capital of Bucharest. The new European branch is expected to help financing China-EU connectivity projects.
Europe faces a super election year, as the series of elections in the Netherlands (March), France (April) and Germany (September) can have negative impact on political and economic stability of entire continent.
A record-breaking leveraged buy-out in Poland highlights both the growing appetite of global private equity firms for Central European assets and the increasingly favorable financing conditions in the region.
In the countries of CSE region subsequent projects on construction of nuclear power plants have been unsuccessful. The question of the economic sense of their development in Poland recurs, including the on-going election campaign.
Poland is late with the construction of three regional broadband networks. The country is in danger of losing PLN600m subsidies from EU. More than 100 such projects are being implemented. A project in Romania is also at risk, while Lithuania fared very well.
The Polish government is not the most lavish one as far as attracting FDI is concerned. According to the latest report by the Polish Foreign Investment Agency, Poland has less incentives than Bulgaria and the Czech Republic but more than Slovakia or Romania.
The “spectre” of mass Romanian migration to western Europe has haunted British tabloids in particular in recent years, often in direct contradiction to the facts – recent reports say there has been no surge of migrants. One aspect to which some of the articles have drawn attention is how...
The path taken by Romania and Bulgaria over the past 25 years differs from that of both Central Europe, which embraced free-market capitalism more enthusiastically, and the Western Balkans, much of which was set back by internecine war. Today, both are EU member states, but both struggle to shake...
Romania attracts little interest now on the international scene, although it is still undergoing a turbulent transition. I do not really know how to deal with this country. The recent resumption of growth does not necessarily mean the end of its problems.