In recent Latvia news, that is making the European finance ministers excited, they will soon be adopting the euro currency. This is a sign of progress for the EU, amid their predominant economic gloom. They have just won the approval to become the 18th European Union country to now use the euro. Tomorrow, the final…
EU Car Sales in May Fell Drastically
EU car sales in May fell drastically, showing a 20 year low. This is due to rising jobless issues caused by the continued recession in the euro region that is hitting PSA Peugeot Citroen, Renalut SA and General Motors Co. Registrations across the 27 member EU dropped 5.9 % to 1.04 million vehicles in May….
Hungary Awaiting Announcement to be Removed from EDP List
Hungary is awaiting the announcement that the European Commission may make soon, proposing that they remove the country from the bloc’s list of fiscal offenders next month. The Commission’s economic and monetary affairs spokesman, Simon O’Conner, said that he will make no comment until May 29. Hungary has been on the list since joining 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…
