Thursday, the EU launched a 2.8 million euro in a twinning project that is supposed to reorganize the Lebanese Finance Ministry. The Finance Ministry Director General Alain Bifani, who represented Finance Minister Ali Hassan Khalil at the launch, said that the project is of the utmost importance. As he said, “The twinning project launched today…
Category Archives: Europe
Croatia Warned to Lower Its Deficit
Croatia, which joined the EU as its 28th member on July 1, has been given some homework. The EU finance ministers have ruled that Croatia has excessive budget deficit and that they must reduce it by 2016. According to the European Commission, Croatia’s deficit is expected to widen to 6.4% of gross domestic product in…
Want Malta Citizenship? No Problem
If you’re interested in obtaining Malta citizenship, you might just be in luck. Malta has recently announced proposals to sell citizenship of its nation. All it will take is €650,000 (about $888,000). Not surprisingly, the Maltese government has halted its efforts to offer this perk due to rising criticism from both inside Malta and from…
New Bonus Cap Regulations Could Affect Many
Recent figures from the EU banking regulator showed that more than 3500 bankers in Europe earned €1bn (£833m) or more last year. Britain has 12 times as many high earners as did any other country. The data from the European Banking Authority showed that 3529 bankers in the EU earned at least €1m in 2012….
New Job Opportunities in Ireland
A new start-up in Ireland is promising to open much needed jobs. Metabolomics Diagnostics Ltd. plans to create the world’s first predictive diagnostic blood test for pre-eclampsia to the market. With it, 40 new jobs should be created. Metabolomics Diagnostics founder, Professor Louise Kenny, was awarded the Enterprise Ireland Life Sciences & Food Commercialization Award…
Baker & McKenzie Expansion
The UAE section of Baker & McKenzie is considering the possibility of expanding into the Dubai International Financial Centre (DIFC). Just recently, the company merged with Abu Dhabi and Dubai-based Habib Al Mulla & Co which gave it a much larger presence in the UAE, most notably through its newly-opened Dubai office. The firm –…
