The Ukrainian authorities are trying to create an image of a country of reforms and strong anti-corruption attitude. The well-known economist Arthur Laffer is going to help the government, because without reforms Ukraine cannot count on further financial assistance.
Bosnia and Hercegovina will not repeat the economic success of Kosovo. The omnipresent corruption, fostered by the bureaucracy and the legal environment of companies, effectively discourage foreign investors from investing in this unstable country.
The results of spring elections seem to be sealed. The Hungarians may be getting ready for the next four years of the rule by Viktor Orbán and his System of National Cooperation. The Prime Minister’s support is growing, owing much to his own political skills, but also to the opposition, which does not pose a serious challenge to the ruling Hungarian Civic Union, Fidesz.
William Browder, a grandson of the former General Secretary of the Communist Party USA, became one of the biggest foreign investors in Russia at the end of the 1990s. Mr. Browder, CEO of Hermitage Capital, who was initially an avid follower of Vladimir Putin and a critic of Mikhail Khodorkovsky, suddenly became public enemy No. 1. In 2006 he was expulsed from Russia on the claim that he poses a threat to national security. Soon afterwards some corrupted officials illegally seized his company. The company’s lawyer, Sergey Magnitsky, who exposed the scheme, was jailed and afterwards died in prison in mysterious circumstances. Mr. Browder did not lay down his weapons and started lobbying against corrupted Russian officials. Owing to his efforts, contrary to the suggestions of the Obama administration, in November 2012 the US Congress passed the so-called Magnitsky Act – banning several dozen individuals responsible for the lawyer’s death from entering the USA and freezing their bank accounts.