Central Europe Activ

Archives for Economy & Euro

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