Category: Voice of others
-
Where there are people, there is an economy
Mr. Petrovski discusses the challenges Macedonian businesses face in securing a skilled workforce amidst changing labor market dynamics. He highlights the need for companies to adapt to the expectations of younger generations regarding work culture and development opportunities. Systemic changes, investment in talent, and strategic human resources management are essential…
-
Luxembourg’s Competitiveness Rebound: Progress Made, but Structural Reforms Remain Critical
Luxembourg has regained its place in the IMD World Competitiveness Ranking, rising six spots amid economic challenges. A recent tripartite agreement aims to enhance investment and support housing, while corporate tax cuts are set for 2027. However, unemployment, skills mismatches, and necessary structural reforms remain significant hurdles for lasting economic…
-
Effects of the Hormuz crisis on Balkan tourism
The crisis has led to a demand freeze and increased cancellations in tourism, impacting regions like the Balkans, despite their distance from conflict zones. Air traffic disruptions and rising costs have made travel difficult. However, the Balkan may benefit as tourists seek safer destinations, contingent on rapid industry responses.
-
2026: A Year of Truth for the Luxembourg Economy
Luxembourg faces significant economic challenges due to competition from the U.S. and China, which attract talent and capital. With sluggish growth and declining productivity, the nation risks vulnerabilities in its open economic model. Prime Minister Luc Frieden plans to enhance competitiveness in 2026. The Economic chamber proposes corporate tax reductions…
-
Can Macedonia withstand another crisis?
The article by the leading Macedonian business journalist examines the countries response to ongoing financial, health, and energy crises over the past two decades, highlighting a pattern of inept management and rising public debt. It outlines the potential repercussions of a new crisis stemming from geopolitical tensions in Iran, predicting…
-
Trade policy uncertainty slows investment
A Eurochambres analysis reveals that trade policy uncertainty, including tariffs and protectionism, significantly harms European investments, especially in export-oriented countries. The negative impact intensifies over time, jeopardizing growth and competitiveness. Eurochambres urges EU policymakers to enhance trade agreements while addressing regulatory burdens to create more favorable business conditions.