If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.
30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.
Bond issuers from Eastern Europe were active in October with 18 bonds issued worth a total of $4.5bn of which two-thirds of the value and 14 out of the 18 were Russian bonds, according to data provided by CBonds.
Szeles, now Hungary’s seventh richest man, started out importing PC parts in the 1980s. He made his name after the transition by reviving Videoton, now the largest electronic manufacturing services company in the CEE region.
Report from the Open Society Foundations reveals a “robust spirit of dissent, and a readiness to challenge those in power” as shown by mass anti-corruption protests in the Czech Republic, Romania and Slovakia.
Since the first years of the transition period, Central Europe started to emerge as a major manufacturing destination for Europe’s automotive industry. Now the industry is adapting to a new generation of technologies.
There are hints that the dominant transition narrative — that of Poland’s overwhelming success — might have nearly run its course. Ideas previously existing on the fringes of political discourse are making their way to the fore.
Six social classes have emerged in the Czech Republic in the three decades since the Velvet Revolution of 1989, and the education system is freezing the current status quo rather than helping social mobility.
With the 30th anniversary of the fall of the Berlin Wall due in November the Pew Research Center has released a report looking at how attitudes to democracy, liberal values and market economies have developed in the last 30 years.