We all have second thoughts about decisions we make. Some of them, however, are about more important topics than others. The leftwing opposition politician who helped to put the euro in place now says it’s time to abandon this currency. Oskar Lafontaine, Germany’s finance minister when the euro was adopted, now says that the enormous…
Denmark Repeals Tax on Soda and Beer
In a move that would certainly have some gasping (including Michael Bloomberg, the New York Mayor), Denmark has decided to repeal its country’s tax on sodas and beer. The soda tax will be cut in half in July and then eliminated entirely next year. Their current tax of 52 cents for a 1.5 liter bottle…
General Motors Financial Company Acquires Equity Interest
In a savvy financial move, General Motors Financial Company, which is a fully-owned subsidiary of General Motors, has just acquired equity interest in Latin America and Europe. As was reported, they have “the top-level holding companies that comprise substantially all of Ally Financial, Inc.’s automotive finance and financial services businesses in Latin America and Europe.”…
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…
