CSE and CIS
"More than 400 professionals are leaving every day. In the last year 150,000 highly qualified citizens left the country in search of work." – writes The Telegraph, accusing the government of a lack of policies to stop the British from leaving the country. Meanwhile, politicians present the citizens as victims condemned to exile.
The economic sanctions are only a tertiary cause of Russia's trouble with economic growth. The recession is in full swing, but Vladimir Putin will not reform the economy – argues Sergei Guriev, former President of Moscow's New Economic School.
What disconcerts people living in the region today is not the fact that they have to cohabitate in multinational countries, but unsatisfactory living conditions: low wages, high unemployment, poverty. In Kosovo 34% of residents live for up to $2 a day.
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.