Unemployment in the EU hit a record high in December and sales before Christmas were dismal. As economists look at the Eurozone, they believe that these signs may indicate a slow emergence from the recession years. While there has been recent optimism about the eurozone’s ability to climb out of the deep banking and public…
EU Auto Registrations Down Drastically
New auto registrations in the EU have been in continued decline for 14 months. In November, they were down 10.3% when compared to November of 2011. While the UK has not had a decline of this sort, almost all of the other EU countries have. Sales have been down 3.5% in Germany, 19.2% in France,…
EU Receives Nobel Peace Prize Today
Today, the EU will receive the Nobel Peace Prize in a move that has everyone talking. While accepting the prize on Monday in Oslo, Norway, the three presidents of the EU’s main bodies will represent the entire EU for, as the Norwegian Nobel Committee has explained it, “for over six decades contributed to the advancement…
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…
