Central Europe Activ

Archives for economy

During the last days of 2008 Montenegro has submitted a formal application to join the European Union. Montenegro has gained independence in 2006 and signed a pre-accession Stabilisation and Accession Agreement with the EU in October 2007. It’s economy is doing remarkably good although it is highly dependent on Russian investors. EU enlargement commissioner Olli… » read more

Posted by Dániel Antal

The energy intensity of a country shows how much energy is needed to produce a single euro of gross domestic product (GDP). Central-Europe, which is more industry-oriented and has been addicted to cheap Soviet natural gas needs a lot more energy to produce its lower national income than Western Europe. This partly explains the worries… » read more

Posted by Dániel Antal

Michal Lehuta has a very nice chart of a few selected EU member state’s long-term economic performance. Between 1997-2010 the gap between Central European and Western European GDP’s have diminished significantly. It looks that Slovenia will reach the EU average level at first, Slovakia and Estonia are the biggest relative winners. On the other side,… » read more

Posted by Dániel Antal

Oleg Deripaska – the Russian aluminium king, who is supposed to meet the latest British party finance scandalists in Corfu this summer – may shut down Aluminium Plant Podgorica, which gives a half of Montenegro’s export capacity. It’s not only his business. Here is the story from the new Montenegrin Blogactiv blog. I believe in… » read more

Posted by Dániel Antal

Iceland may join the EU as a result of the world financial crisis. However, the member of the European Economic Area and NATO had to turn to Russia for an emergency loan. The EU is as much challenged in the West as in the East from Russia. Iceland is one of the world’s most competitive… » read more

Posted by Dániel Antal

Bailout Hungary

After major banks and insurance corporations were bailed out by European government, Hungary has become the first member state of the EU the receive a bailout offer from IMF with the support of EU’s Ecofin. Hungary looks to be the most fragile member of the Union in the global financial crisis. Mr. Dominique Strauss-Kahn, Managing… » read more

Posted by Dániel Antal

Hungary has had the lowest economic growth among Visegrad and Baltic countries in the past years. The only sector that sees a recovery in this year’s high food prices is the agriculture. The grain producing area has increased by 2% since 2007, but output is up by a staggering 42%. The rise is partly due… » read more

Posted by Dániel Antal

Remember Fiat’s €700-million bet on Serbia’s economic integration? In a poll for investors, recently conducted by the German Chamber of Commerce, Serbia came on top as an investment destination in South-Eastern Europe. Serbia ranked first topping all other countries of South-Eastern Europe – stated Marcus Zenetti, Head of the German Chamber of Commerce Delegation to… » read more

Posted by Dániel Antal

EU will grow own rice

As global food prices are soaring, the Doha trade liberalization talks are dead, more and more countries are going back to self-reliance in food. Western European investors are just discovering Romania’s rice paddies, which were build under the rule of Nicolae Ceausescu. The dictator himself prided Romania as a self-sustainable country. As the world price… » read more

Posted by Dániel Antal