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…
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…
Michael Noonan Recognized by The Banker
Finance Minister Michael Noonan has been named the European Finance Minister of the year by the Financial Times magazine The Banker. In stark comparison, in 2010, Brian Lenihan was named the worst European finance minister by the “FT” when Ireland was facing a bailout. The current awards celebrate ministers who are restoring the economy and…
Eastern European 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…
