EU President Herman Van Rompuy said European Unnion leaders are to meet on January 30th to evaluate jobs and economic growth. In a video message for the EU’s website, Rompuy said: “I’m preparing for this meeting intensively. It will be focused on jobs, and that’s a big challenge in a context where zero growth is…
EU Crisis Continues, Finance Ministers Struggle to Reach Plan
Last Wednesday, European finance leaders stated that they have put their hopes in an agreement on stronger fiscal union, in an effort to encourage investment and restore confidence in the euro zone. According to Jacek Rostowski, finance minister of Poland, reassuring investors of the solidity of the region is critical, and so an agreement on…
Japan’s Finance Minister Jun Azumi Calls on Europe to Boost Efforts
Following last week’s European summit, Japan’s finance minister Jun Azumi stated that EU leaders will need to do more to resolve the crisis before turning to the International Monetary Fund. He implied that Tokyo is not satisfied with the deal that was settled last week. “It would be difficult to draw any detailed picture on…
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…
