CSE and CIS
As public money flows into venture capital funds in Poland, the supply of available financing is larger than the pool of projects fit for investment. One solution to this problem would be to engage start-ups from east of the Polish border.
The history of Belarus applying to join the World Trade Organisation (WTO) is a story of unfulfilled promises to liberalise and privatise the economy. For many countries aspiration to become the WTO member often served as a motivation and explanation for introducing bold economic reforms. But not for the Belarusian authorities who have preferred to imitate engagement in the accession process.
The decline in oil price and economic sanctions deepened the slowdown in Russia’s GDP lasting from 2011. Due to the lack of internal and external growth drivers, this time Russia is unlikely to return to a high-growth path over the next few years.
Ukraine could be firmly back on its legs within a few years with a reasonable support of the West, despite all its current problems. But this requires a change of the mindset of the ruling class – a challenge far greater than obtaining the funds.
Ukraine's Maidan revolution, the seizure of Crimea by Russia, war against Russian-backed separatists in the east of the country and a deep economic recession have sent a torrent of Ukrainians either seeking shelter elsewhere in Ukraine or escaping east to Russia or west to the EU in search of a better and safer life. The figures are devastating: over 850,000 internally displaced persons and many more who have fled abroad.