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This paper makes the case for smart policy development in Central, Eastern and South-Eastern Europe (CESEE). It uses EIB Investment Survey (EIBIS) 2017 results for CESEE cities to outline local infrastructure gaps and demonstrate the productivity and innovation gaps between CESEE cities and other EU cities. It discusses negative demographic trends in Central, Eastern and South-Eastern Europe, and evaluates capital and non-capital regional convergence in CESEE countries. Introducing a Smart Region Index, to allow the identification of gaps in CESEE regions compared with the EU, it also uses EIBIS to provide further conclusions on obstacles to investment for CESEE municipalities and highlights the importance of the use of EU funds.
The rise of digital technologies has brought about rapid changes in the way innovation is created and diffused, redefining entire industries. This paper investigates the role that innovation plays in Central, Eastern and South Eastern Europe (CESEE), analysing the innovation performance and investment efforts in different countries in the region. Building on firm-level data from the EIB Investment Survey (EIBIS) and complementary data sources, the paper dives deeper in analysing the financing conditions of investment in innovation as a key driver that may explain differences in investment patterns compared to the rest of the European Union (EU).
The Investment Report, issued annually by the European Investment Bank, provides a comprehensive overview and analysis of investment and the financing of investment in the European Union. It combines the exploration of investment trends with in-depth analysis, focusing especially on the drivers and barriers to investment activity. The report leverages on a unique set of databases and survey data, including EIBIS, an annual survey of 13 500 firms in Europe, which focuses on their assessment of investment and investment finance conditions, and which allows analysis with firm balance sheet information. The report provides critical inputs to policy debates on the need for public action on investment, and on the types of intervention that can have the greatest impact.
The Europe Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital – and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation.
This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage
The Investment Report, issued annually by the European Investment Bank, provides a comprehensive overview and analysis of investment and the financing of investment in the European Union. It combines the exploration of investment trends with in-depth analysis, focusing especially on the drivers and barriers to investment activity. The report leverages on a unique set of databases and survey data, including EIBIS, an annual survey of 12 500 firms in Europe, which focuses on their assessment of investment and investment finance conditions, and which allows analysis with firm balance sheet information. The report provides critical inputs to policy debates on the need for public action on investment, and on the types of intervention that can have the greatest impact. This year's report addresses a moment of economic recovery in which investment growth, overall, is strong, but downside risks to the economic outlook are rising. It identifies many ways in which current investment is still structurally inadequate, given the legacy effects of the recent crisis and the great challenges that lie ahead. There is an urgent need to re-tool Europe, from its infrastructure and innovation ecosystem, through to its businesses and workers, to enhance prosperity and social cohesion.
By the end of this century, 9 out of 10 Europeans will live in an urban area. But what kind of city will they call home? You'll find all the answers in CITY, TRANSFORMED, the new essay series from the European Investment Bank. This panoramic first essay in the series lays out a great sweeping history of European cities over the last fifty years—and showcases new directions being taken by some of our most innovative cities. Urban experts Greg Clark, Tim Moonen, and Jake Nunley based at University College London take a definitive look at how Europe's cities transformed from post-industrial decline to thriving metropolises that are as prosperous and liveable as anywhere on Earth.
Burgas regularly tops the list of best places to live in Bulgaria. Whether enjoying a walk through the resplendent Sea Garden, relaxing on the beautiful central city beach, or enjoying a drink and fresh grilled fish at one of the many outdoor bars and restaurants, it is easy to see why tourists like it so much. A key challenge for the city, however, is to extend this good feeling to the off-season, when tourists are few, the economy is less animated, and the central area is almost comatose after dark. The city aims to deliver this transformation with its smart city agenda.
The purpose of this study is to analyse the city of Voznesensk by using the Key Performance Indicators (KPIs) for Smart Sustainable Cities and support the municipality in setting priorities for action. The KPIs have been developed by the UNECE with the International Telecommunication Union (ITU) and 14 other UN bodies, as well as other partners in the global United for Smart Sustainable Cities (U4SSC) initiative. In 2016, the Ukrainian Ministry of Regional Development, Construction and Housing and Communal Services appointed Voznesensk as their pilot city for the United Smart Cities programme and requested the UNECE to prepare a Smart Sustainable Cities Profile. The UNECE together with the United Nations Development Programme and a team of international and local experts developed this Profile for Voznesensk based on a research mission and stakeholders’ consultation which took place in Kyiv and Voznesensk in December 2017. This summary provides an overview of the city’s situation, the analysis of its economic, environmental and socio-cultural indicators and policy recommendations.