The European Commission’s most recent forecast should be a wake-up call for many countries. France, Italy and Spain are set to miss their budget targets unless there is quick government action. Portugal will probably be in breach of EU budget rules as well. The Commission said that the Euro zone growth will be slower than…
Should We Stay or Should We Go?
In the discussion about whether or not Britain should stay in the EU, the Confederation of British Industry has joined with the 21 counterparts that are urging Britain to remain in the bloc. This means that there are as many as 2.5 million businesses behind the campaign urging them to stay. As business chiefs from…
Johnson Controls Inc. Acquiring Irish Tyco International Plc
Johnson Controls Inc. has recently agreed to acquire Ireland-based Tyco International Plc in a $16.5 billion deal. Johnson Controls Inc. is a US maker of car batteries and heating and ventilation equipment, and by moving their headquarters to Cork, Ireland, they plan to carry out a tax-inversion. Their plans created some rumblings among the US…
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…
