As emigration pressures are likely to persist, CESEE countries will continue to face significant challenges, with some SEE and Baltic economies facing larger emigration pressures than other countries in the region. The IMF analysis Emigration and its Economic Impact on Eastern Europe highlights some of the issues that CESEE policymakers need to pay greater attention to so as to assess the effects of emigration on their economies. The report also discusses how the EU, as a beneficiary of CESEE emigration, could support the efforts of CESEE countries in mitigating the negative effects of emigration on these countries’ economic potential and convergence prospects. 

The British people opted for change when they voted on June 23 for the U.K. to negotiate an “exit” from the European Union. Such a choice is the sovereign right of any member of the EU, but it is also without precedent: The EU has expanded but never shrunk since the 1952 founding of its precursor, the European Coal and Steel Community. Now comes the hard part. Whether this break with the status quo benefits the U.K. in the long run will depend chiefly on the choices awaiting newly installed Prime Minister...

In what looks like one of the biggest deals of the year, two originally Czech computer antivirus security companies have announced they are getting together with the likelihood of putting Prague and the Czech Republic permanently on the map as the home of one of the world’s leaders in the sector, Radio Prague wrote.

The Czech economic outlook indicates the central bank will be able to end its cap limiting koruna gains in about a year, and policy makers probably won’t have to pursue more unconventional monetary steps, a new member of the rate- setting board said in an interview published by the Czech National Bank.