Latvia 

A year after announcing its plan, the European Commission has promised to accelerate the implementation of the capital markets union project. It is more and more clear that it has no alternative and Brexit may only foster this process.

The principles of the single market of the European Union include the free movement of goods, capital and people. But the biggest challenges are faced in the case of the freedom of cross-border provision of services.

Europe needs productivity growth, said Hans Peter Lankes, Managing Director for corporate strategy at the European Bank for Reconstruction and Development.

Probably the most frequent question the EU pundits and journalists have asked recently is whether the EU will disintegrate. The answer is simple: It will not.

The International Monetary Fund still believes that emerging markets will return to the economic prosperity which characterized them in the first decade of this century.

Rivalry and complacency threatened EU funding for the Rail Baltica Project. But the partners have agreed to overcome common stumbling blocks and signed a contracting scheme agreement.

Nordea Bank and DNB have agreed to combine their operations in Estonia, Latvia and Lithuania to build up scale in a corner of their business that forms part of the euro-zone.

Trillion euros in corporate and household NPLs in Europe is too much for the banking sector to regain profitability and effectively power the economy.

CSE inhabitants are earning approx. 2.5 times less than the core of the EU, but if extreme cases are omitted, it turns out that most CSE countries do not compete for investors by lowering wages.

In 2015 the global spending on armaments was USD1.7 trillion. That's about 1 per cent more than a year earlier.