Brexit has long been an area of controversy throughout Europe. While former British Conservative MP George Osborne claimed it was “for the richest [who can] afford recessions,” on the other side of the spectrum, Brexit Party leader Nigel Farage believed it was “the first brick that was knocked out of the establishment wall. Looking at…
Category Archives: Regional News
Lithuania Propels into Fintech
Lithuania is fast gaining a reputation for being the most accelerated Fintech hub in all of Europe. It features year-on-year 40% growth in the area as well as a burgeoning talent base and quite unique regulatory route. This has rendered it Europe’s largest e-money license issuer. As such, large names are flocking to the area…
Business in Europe: Best Countries Report
Yesterday the European Chamber (EUCHAM) put out a report of “rank[ing] and analyz[ing] all 46 European countries according to their economic environment.” In brief, it was found that the list toppers were those from the Nordic regions (Denmark, Finland, Norway and Sweden). Next on the list was the UK. While in general the FSU countries…
East Versus Western Europe: Wealth
Why is it that eastern Europe is so much poorer than its western counterpart? In this video, Knowledgia examines of the main reasons.
Britain Unprepared for the New Data Protection Regulations Coming Soon
The EU is soon rolling out new rules on personal data, and research shows that fewer than 10% of small businesses in Britain are ready for these changes. Approximately 20% of companies don’t even know that the General Data Protection Regulation is on the way in the last few months, according to research by the…
EU Trade Determinations
The EU has tough data protection standards and is ensuring that everyone in the bloc upholds those standards. This is a victory for those who have feared that privacy could be undermined with information. The EU has approved of new language that they expect everyone to incorporate into future trade pacts to create a priority…
Pact Between Japan and Three Former Soviet Republics
Japan’s prime minister Shinzo Abe said on Saturday that he has entered into an agreement with Estonia, Latvia and Lithuania. This agreement is intended to boost the economic and political ties with the three former Soviet republics. Japan sees the most trade potential with information technology, transportation and medicine. Abe has been on a six-nation…
Blacklist of 17 Countries Serving as Tax Havens
The EU has recently released a blacklist of 17 countries that they say are tax havens. This comes after a ten month investigation where they identified places that are not doing enough, the EU says, to crack down on offshore avoidance plans. The 17 places include: American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau,…
Elgin Energy Plans Solar Farm
Elgin Energy is making plans for a 100-acre solar photvoltaic (PV) farm in Kilkenny. This is the latest in a list of proposals by solar farm developers which follows the fall in the cost of solar PV technology. They have applied to build this on a 39.6 hectare site that is close to the village…
Google, Facebook, Others Soon Going to be Taxes Higher by EU?
The EU Finance Ministers have put forward an interesting proposal that could definitely have Google and Facebook seeing red…and green. At the finance minister summit on Saturday the Estonian capital of Tallinn, France and Germany urged the bloc partners to consider an emergency tax bill. This tax bill will force internet companies to pay taxes…
