The investment rate in Poland is close to the EU average, but is lower than in the CSE countries. Expenditure on R&D, as well as on software and databases remains particularly low.
On November 19th, 2018, Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan marked the completion of the offshore phase of a gas pipeline linking the two nations from underneath the Black Sea.
The new Hungarian labor code regulations extend the working week to six days, that is 48 hours per week. The trade unions have been protesting against the changes since late November.
The Hungarian government wants to diversify the sources of natural gas imports, with Polish and Croatia terminals supplying the US and Qatari LNG. But its main focus remains Russian gas, as the Turskstream pipeline makes clear.
According to the OECD experts, there is no significant need to increase the taxation of various forms of household savings in the developed countries but a lot could be improved in the design of these taxes.
Russian state energy company, Rosatom, treats Hungary as a key market for further European investments through the expansion of the Hungarian Paks nuclear power plant.
Czech Finance Minister Alena Schillerova is rethinking her country’s finance strategy. She wants to distribute the country’s growing wealth more widely, and a slowing economy won’t stop higher social spending and investment.
In 2017, a record amount of USD3.5bn was invested in Central and Southeast Europe (CSE) by private equity and venture capital funds. 71 per cent of this amount was spent in Poland, which is the regional leader.
In 2017, more than 8,5 million tourists visited the Czech capital of Prague, making it the 5th most visited city in Europe.
In the last year there were fewer international mergers and acquisitions (M&A) and fewer investment projects of factories built from scratch. The value of FDIs in Poland fell by more than a half.