Following a strong 2017, Czech real GDP growth will remain on a healthy trajectory, but decelerate over the next two years as the labour market nears full employment and external demand weakens. Foreigners in the Czech Republic face few restrictions in the real estate market and are free to purchase property, including agricultural land as well as industrial and commercial real estate.
Since transitioning from a centrally planned to a market economy, Hungary has made significant privatisation progress. Investment and private consumption are now among the key drivers of growth supported by the recovery of credit to the private sector. The Hungarian government is strongly committed to increase the competitiveness of businesses in Hungary by streamlining business processes and attracting foreign investment. More
Poland, the largest economy in Central Europe, has seen broad-based productivity growth over the past decade and this has translated into remarkable progress in poverty reduction and shared prosperity. To attract foreign investment, the Polish government has put in place a range of incentives including employment grants and real estate tax exemption for projects related to automotive, electronics and household appliances, aviation, biotechnology, food processing, modern services and R&D. More
Russia is Hong Kong’s largest trade partner in Central and Eastern Europe. To stimulate investment with an aim to diversify its economy, the Russian government is providing a wide array of incentives for investors developing new products, technology in the energy efficiency, nuclear engineering, space technology, medicine and IT industries. However in practice, the Russian government imposes some restrictions on trade flows and limits on foreign direct investment in certain sectors. More
U.S. Customs and Border Protection has posted to its website information indicating that on 18 May it issued a withhold release order against all cotton from Turkmenistan and all products produced in whole or in part with Turkmenistan cotton due to concerns that they are being produced with forced labour. More
Russia is getting ready to host the 2018 FIFA World Cup by investing heavily in its infrastructure. This state-assisted investment has become part of Russia’s effort to diversify its economy from its traditional pillars, and has helped it offset the impact of Western sanctions and caution in the international investment and financing sector. It has also underpinned the rapid growth of Hong Kong-Russia trade. More