The transition towards low-carbon energy in Central and Southeast Europe (CSE) opens up new investment opportunities via innovative, cost-effective technologies.
Russia has recently launched a new power plant to make its Kaliningrad exclave electricity and gas self-reliant, as its EU neighbors unplug their power grids from Russia.
The European Bank of Reconstruction and development (EBRD) has a positive outlook for Latvia in 2019. It expects Latvian growth to be the highest among the Baltic States and forecasts is at 3.5 per cent of GDP.
The Latvian Fiscal Discipline Council pushed the government to decrease the budget deficit in 2019. In the first draft the deficit was 0.7 per cent of GDP, in the final version 0.3 per cent of GDP.
Judging by the real estate prices, the consequences of the financial crisis have almost entirely disappeared. In Poland housing prices are rising again.
The rate of global economic growth is around 4 per cent per year, as a result of which the situation on the labor markets is improving and the profits of enterprises are increasing. The tax revenues are also increasing, often faster than GDP.
The 2019 Economic Freedom Report by The Heritage Foundation shows that the world seems to be at a crossroads — it may continue on the path of economic freedom or it may return to hindered growth and development.
The European Union is the largest single market in the world, governed by uniform rules set out in the directives and regulations. However, the interpretation of these rules is determined by the EU bureaucracy.
According to the latest Eurostat data, hourly labor costs rose by 2.5 per cent in the Eurozone and by 2.7 per cent in the EU28 in the Q3’18 y/y. The corresponding numbers for the Q2’18 were 2.3 per cent and 2.7 per cent respectively.
Against the background of deteriorating relations between the United States and China, the European Union's strong economic ties with the two countries pose a serious dilemma.