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….
EU & World Bank Helping the Mindanao Trust Fund
In recent news, the European Union and the World Bank have signed an agreement to formalize the contribution that the regional bloc makes to the Mindanao Trust Fund-Reconstruction and Development Program (MTF-RDP). The EU has made the pledge to offer another €8 million (about P467 million) to the fund with the intention of addressing the…
Michael J. Fox Foundation Donates to Danish Firm
The Michael J. Fox Foundation has recently donated 5.5 million kroner (€750,000) to the pharmaceutical firm Lundbeck based in Denmark. The CEO of the Michael J. Fox Foundation (MJFF), Todd Sherer, said that the organization’s main goal is to advance research so that millions of people with Parkinson’s disease will have better therapy options. The…
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…
