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Rubik’s Cube, the household match, insulin, parachutes, and contact lenses. These are just some of the innovations that came from the countries of the former Communist Eastern Bloc of Europe. Hungary, the Czech Republic, Poland, Romania, Serbia, Croatia and Bulgaria are famous for their human capital and innovation. This has been the legacy of CEE, but the question young business people are asking is when is this latent potential going to flourish into the kind of tech startup boom well underway in Western Europe and the U.S.? Soooner than you think, if you ask the leaders of the entrepreneurial scene in the region.
Central Eastern Europe consistently ranks at the top of the world ranks in educational achievement in math, science and technology. In 2013, 16 out of the 24 finalists of Google’s annual Code Jam programming competition were from Central and Eastern Europe according to Bloomberg. This region also accounted for 8 of the 13 winners at this year’s ACM International Collegiate Programming Contest, as a Bloomberg report shows. In the US, by comparison, companies struggle with hiring good programmers. As a result, a growing number of deals are so-called acqu-hires, done for the sole purpose of securing skilled staff in order to buTurkey’s construction sector grew 6.6 percent in the first half of the year, mainly due to public investments, according to a report by the Construction Materials Industrialists Association (İMSAD).
“The private construction sector has been shrinking for the last successive six quarters. We believe that the whole sector could grow in a healthier manner with more private investments, rather than public investments,” the head of İMSAD Dündar Yetişener said in a written statement yesterday.
Yetişener said the construction sector’s growth rate at 6.6 percent is above their expectations, according to the Construction and Construction Materials Sector First Half of 2013 Report. “This growth in the sector results from public investments and shrinkage in the private sector investments continues. The expenditures of the public sector construction materials keep shrinking in the last six quarter as it dropped by 13.9 percent in the first quarter and 3.4 percent in the second quarter,” he said. If the private sector investments grow, the construction sector grows more healthily, he added.
The report also said the domestic markets supported the construction sector in the first half. But the exports showed only a 1.5 percent increase in this period from the same period a year earlier and reached 11.4 billion. k HDNild leading technical teams. hurriyet Daily News
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Povezane vesti na srpskom
Συναφείς Ειδήσεις στα Ελληνικά