Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Airbus Global Market Forecast 2017-2036: 34,170 passenger and 730 freighter aircraft worth a combined total of US$5.3 trillion will be needed

Additional need for 530,000 pilots and 550,000 technicians with services set to grow TOULOUSE, 09-Jun-2017 — /EuropaWire/ — The world’s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes … Read the full press release

Brexit uncertainty resulted in significant drop in mergers and acquisitions (M&A) activity in the UK

The Brexit referendum and surrounding policy uncertainty has resulted in a significant drop in mergers and acquisitions (M&A) activity in the UK, according to researchers at the University of East Anglia (UEA). NORWICH, 09-Jun-2017 — /EuropaWire/ — In the 11 months … Read the full press release

University of East Anglia: Insufficient funding for electoral services could ultimately threaten the democratic process

Insufficient resources to maintain the electoral register, plan for the poll and encourage voters to participate could ultimately threaten the democratic process, according to new research from the University of East Anglia (UEA) and ClearView Research. NORWICH, 09-Jun-2017 — /EuropaWire/ … Read the full press release

University of Sussex: Brexit may lead to boom in tourism and high-end exports in the South East

BRIGHTON, 06-Jun-2017 — /EuropaWire/ — Brexit could lead to a boom in tourism and high-end exports in the South East, according to a consultation with local people by trade experts at the University of Sussex. However, there is growing concern about … Read the full press release

EU-UK relationship report: striking degree of consensus that full Single Market access should be retained

Researchers engaged with people across the East of England and found anxiety and resentment, as well as a broad consensus that the UK should remain in the single market.  CAMBRIDGE, 24-May-2017 — /EuropaWire/ — A new report on public attitudes to the … Read the full press release

EY European attractiveness survey: Foreign direct investment (FDI) into Europe record high in 2016

  5,845 foreign direct investment (FDI) projects into Europe in 2016 mark a 15% year-on-year increase UK, Germany and France attract just over half (51%) of Europe’s FDI in 2016 56% of global investors say Europe will regain steady growth … Read the full press release

WEF Middle East and North Africa: 1,200 business and political leaders from over 60 countries participated

Dead Sea, Jordan, 22-May-2017 — /EuropaWire/ — The World Economic Forum on the Middle East and North Africa has taken place at the Dead Sea in Jordan over the last three days. With the full support and presence of Their Majesties … Read the full press release

WEF Middle East and North Africa: amazing potential of young people and young companies

Economic and political reforms are needed to give young people hope and to allow them to thrive as entrepreneurs New careers are emerging, and education is key to creating the talent required for start-ups A diverse group of clerics called … Read the full press release

WEF: Rising income and wealth disparity is the trend likely to most affect the Arab world in the coming years

New briefing bases its findings on the perceptions of global experts and businesses in the region Diversifying the economy, reducing public intervention in the markets, providing opportunities for young people and improving the innovation ecosystem are the key challenges that … Read the full press release

Destatis: employment in manufacturing up 1.1% in March 2017 vs the same month last year

WIESBADEN, 16-May-2017 — /EuropaWire/ — At the end of March 2017, 5.4 million people worked in local units of manufacturing with 50 or more persons employed in Germany. As reported by the Federal Statistical Office (Destatis) on the basis of provisional results, … Read the full press release

Destatis: the birth rate in Germany was 1.50 children per woman in 2015

WIESBADEN, 16-May-2017 — /EuropaWire/ — In 2015, the birth rate in Germany was 1.50 children per woman. Although it is the highest figure since German reunification, the rate remains below the EU average of 1.58 children per woman. This is … Read the full press release

UK Workers Are Illegally Denied Access to Justice

OXFORD, 23-Mar-2017 — /EuropaWire/ — UK workers are being illegally denied access to justice, according to Oxford academics in a forthcoming article in the journal, Modern Law Review. Their conclusions support an ongoing legal challenge to the employment tribunal fees regime, … Read the full press release

Coverage of World Economic Forum Now Open for Media Accreditation

The World Economic Forum on the Middle East and North Africa will take place at the Dead Sea, Jordan, on 19-21 May 2017 with the full support and participation of Their Majesties King Abdullah II and Queen Rania Al Abdullah … Read the full press release

MOU To Promote Sustainable Finance in Kenya and Mongolia Signed

The Hague, 22-Mar-2017 — /EuropaWire/ — Kenya Banking Association (KBA) and the Mongolian Bankers Association (MBA), members of the IFC-supported Sustainable Banking Network (SBN), signed a Memorandum of Understanding (MOU) to advance environmental and social risk management and sustainable financing practices … Read the full press release

Landmark EBRD Transition Report to be unveiled at Kopaonik Business Forum

EBRD report on perceptions of reforms and inequality will be presented at main business event in Serbia LONDON, 07-Mar-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), one of the largest institutional investors in Serbia and the Western … Read the full press release

Vienna Initiative to Promote Investment Diversification in CESEE through New Working Group

LONDON, 07-Mar-2017 — /EuropaWire/ — The Vienna Initiative has agreed to establish a Working Group on Capital Markets Union. This follows the European Union’s push to strengthen Capital Markets which will have a major impact on financing of investment and sustaining growth … Read the full press release

Informal Sector Poses Biggest Challenge to Economic Growth of Western Balkans

Grey economy, politics, taxes and electricity named as obstacles to business LONDON, 07-Mar-2017 — /EuropaWire/ — Countries in the Western Balkans have strong growth potential, which can be realised with the right investment and a better business environment. But life … Read the full press release

Lloyd’s indicates support as it awaits completion of Standard Life And Aberdeen merger

LONDON, 07-Mar-2017 — /EuropaWire/ — Lloyds Banking Group (Lloyds) notes the announcement of the proposed all-share merger of Standard Life plc and Aberdeen Asset Management plc (Aberdeen). Lloyds has provided Standard Life and Aberdeen non-binding indications of support in its capacity … Read the full press release

Geopolitical Disruptions Are Driving Companies to Pursue Divestments

82% of companies say macroeconomic volatility will increase their likelihood to divest over the next year 48% believe tax-related divestment challenges have increased in the last 12 months 88% say advanced analytics would help make faster, better divestment decisions LONDON, … Read the full press release

Resilient U.K. Automotive Sector Looks To The Future With Caution

Automotive manufacturers’ investment plans on track despite ongoing uncertainty EU exit still seen as biggest threat to sector Manufacturers to focus investment in R&D in low carbon or electric vehicle technology Automotive firms determined to pursue new international opportunities LONDON, … Read the full press release

Consumers’ Spending Power Builds Up In 2017

Sentiment towards the country’s financial situation increases significantly Essential spending continues to rise though rate of growth slows Concern mounts around prospects for future disposable income LONDON, 03-Mar-2017 — /EuropaWire/ — Consumer confidence rose in early 2017, despite ongoing hikes in … Read the full press release

Nor-Tech Offers European Organizations Free Simulation Tests on a High Performance Computer Cluster for CAE, CFD, FEA Software

Nor-Tech, the top provider of powerful, user-friendly computers, just announced a free simulation test on a high performance computer cluster for CAE,CFD,FEA software MINNEAPOLIS, U.S., 01-Mar-2017 — /EuropaWire/ — Nor-Tech, the top provider of powerful, user-friendly computers, just announced a … Read the full press release

Alliance News lancia il primo servizio di news finanziarie in lingua italiana attivo 24 ore

LONDRA, 27-Feb-2017 — /EuropaWire/ — Alliance News Limited annuncia oggi, giovedì 27 febbraio il lancio dell’Alliance News Italian Service – “Alliance News IS” – un servizio specializzato nel fornire notizie in tempo reale su aziende e società italiane, finanza ed … Read the full press release

New Enterprise Zone in Leicester expected to generate 21,000 new jobs and £123 million over the next 25 years

University of Leicester involved in partnership Issued by the Leicester and Leicestershire Enterprise Partnership (LLEP) New Enterprise Zone ‘a remarkable partnership’ for Leicester LEICESTER, 20-Feb-2017 — /EuropaWire/ — News of a second Enterprise Zone (EZ), that could bring more than 21,000 … Read the full press release

Der ehemalige Banker Mike Baur verrät sein Erfolgsrezept für die Schweizer Wirtschaft

ZURICH, 17-Feb-2017 — /EuropaWire/ — Mike Baur machte sich im Schweizer Bankensektor einen Namen, als er 2008 ein wichtiger Akteur bei der Privatbank Clariden Leu wurde. Er fand sich in seiner Position gut zurecht und beriet schon mit Anfang zwanzig die … Read the full press release

Swiss National Bank announces renowned economist John B. Taylor as speaker for its Karl Brunner Distinguished Lecture Series

ZURICH, 16-Feb-2017 — /EuropaWire/ — For the second lecture in its Karl Brunner Distinguished Lecture Series, the Swiss National Bank (SNB) has named the renowned economist John B. Taylor, Professor of Economics at Stanford University, California, as this year’s speaker. The … Read the full press release

New book explores intimate link between languages and economics

Half of the world’s population is bilingual or multilingual, with over 6,000 different languages spoken in the world today. But language is much more than just communication. As well as expressing cultural identity, language also enables trade and, perhaps surprisingly, … Read the full press release

8 in 10 German SMEs are still not utilizing e-commerce

KfW study: only 16% of SMEs rely on e-commerce Share in total turnover is still low Retailers, wholesalers and young businesses are pioneers Frankfurt am Main, 14-Feb-2017 — /EuropaWire/ — E-commerce, the selling of products using online channels, still plays … Read the full press release

Construction of €492M Rijnland Route in Netherlands to stimulate economic growth

A JV with cutting edge expertise in tunneling, consisting of TBI companies Mobilis and Croonwolter&dros, DIMCO (DEME Infra Marine Contractors) and VINCI Construction Grands Projets A new road to connect Katwijk and Leiden in South Holland, Netherlands A €492 million … Read the full press release

Bank grants 20M euro loan to Irkut Corporation to promote high-tech products in the global market

The funds allocated for the Irkut Corporation amount to 20 million euro MOSCOW, 30-Jan-2017 — /EuropaWire/ — The base bank for the Russian industry, Novikombank, has granted a loan to the Irkut Corporation (a member of the United Aircraft Corporation) amounting to 20 million euro … Read the full press release