Bulgaria, Hungary and Romania

Smaller cities in Bulgaria and Hungary are more business-friendly as they vie to compete with their respective capitals.

Global Economic Prospects

Growth in Europe and Central Asia continued to pick up, with commodity exporters and importers alike achieving recovery.


Listening to youth voices and respecting their right to be heard should be at the heart of any development goals.


Europe & Central Asia in Figures

Political rifts, social tensions, and geopolitical conflicts have dominated recent news about ECA. But the economic news has been positive. In the European Union, recovery is being sustained, with 2017 and 2018 likely the fourth and fifth consecutive years in which growth will average almost 2%. In Central Asia, activity is rebounding after the fall in oil prices at the end of 2014. In the South Caucasus, near-term growth prospects are much weaker than in the western part of the ECA region. After a 2.2% contraction in 2016, no growth is expected this year, and growth of just 1.6% is projected for 2018. Read more...



Cyril Muller

Vice President

Hans Timmer

Chief Economist

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Carl Patrick Hanlon
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