Search
New Europe Weekly
0
0
Azerbaijan − the top reformer
Fri, Sep 12 2008, 13:00 GMT
by Danske Research Team
This week the World Bank published its yearly Doing Business survey of 181 economies. The survey ranks countries according to degree of business regulation.
The survey reveals mixed news for former communist countries in Central and Eastern Europe and Central Asia. The four top performers - i.e. the countries that have improved business conditions the most - are all former communist countries: Azerbaijan, Albania, Kyrgyz Republic and Belarus.
It is of course good that the former communist countries are making progress on reform. This however has to be seen in the light of the fact that the 'top reformers' are all quite 'unreformed' economies. Hence, among the already 'reformed' CEE countries - primarily the new EU member states - the reform progress has been significantly lower.
In fact among the EU8+2 countries, half have dropped in the rankings (the Czech Republic, Estonia, Poland, Latvia and Bulgaria), while two (Lithuania and Romania) have maintained their rankings. Only three (Slovakia, Hungary and Slovenia) have improved their rankings. Hence, there is good news on the reform front from the least reformed former communist countries. However, for the new EU member states, the news is not that good and one might even argue that EU membership seems to have slowed the progress on reforms in some countries.
The highest-ranked CEE economies in the survey remain Georgia and the Baltic states, while the lowestranked countries in the region are Russia, Uzbekistan, Ukraine and Tajikistan.
Published on Fri, Sep 12 2008, 13:05 GMT
Archive
- The Russian central bank treads a dangerous path
Published On Fri, Nov 28 2008, 16:27 GMT - Rating cycle turning decisively negative
Published On Fri, Nov 21 2008, 13:56 GMT - The zloty's surprising demise
Published On Fri, Nov 14 2008, 15:59 GMT - Sharp drop in inflation equals lower rates
Published On Fri, Nov 7 2008, 15:24 GMT - A challenge for EU cooperation
Published On Fri, Oct 31 2008, 15:30 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.