Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

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

German Association of the Automotive Industry: Restrictions within NAFTA would have a major adverse effect on the economy

BERLIN, 20-Jan-2017 — /EuropaWire/ — Matthias Wissmann, President of the German Association of the Automotive Industry, comments on the latest announcements by future US President Donald Trump “We take the statements seriously. However, first of all we have to wait … Read the full press release

Switzerland involved in global action plan on role of statistics in sustainable development

The first UN World Data Forum was held in Cape Town, South Africa on 15-18 January. It concluded with the presentation of a global action plan in which Switzerland has been actively involved. Switzerland was represented by a mixed delegation … Read the full press release

EBRD releases latest episode of the Pocket Economics podcast

New episode of the EBRD podcast available for download LONDON, 12-Jan-2017 — /EuropaWire/ — The latest episode of the Pocket Economics podcast looks at the correlation between economic growth and the increase in life satisfaction across the EBRD regions. It explains … Read the full press release

Belgium National Bank to keep the countercyclical buffer percentage for credit risk exposures to counterparties on Belgian territory at 0 % for 1Q2017

BRUSSELS, 30-Dec-2016 — /EuropaWire/ — As of 1 January 2016, the countercyclical capital buffer (CCyB) came into effect. In principle, the percentage rate of this buffer must lie somewhere between zero and 2.5 % of the credit institutions’ risk-weighted assets, but can be … Read the full press release

SMEs in Germany optimistic about 2017 – KfW-ifo SME Barometer

Confidence rises among SMEs and large enterprises Domestic demand remains sound as companies hope for a recovery of export markets Upswing will enter fourth year under difficult conditions FRANKFURT AM MAIN, 29-Dec-2016 — /EuropaWire/ — Small and medium-sized enterprises in … Read the full press release

Coface: Turkey’s economy will grow by 2.5% in 2016 and 2.7% in 2017

Coface forecasts that Turkey’s economy will grow by 2.5% in 2016 and 2.7% in 2017 Government spending is expected to be one of the key growth drivers in 2017 Currency risks and the persistent current account deficit are the main … Read the full press release

Intesa Sanpaolo Group will host Sharing Italy event to enhance Italy’s future business culture

Intesa Sanpaolo will promote Sharing Italy, an event focusing on the country’s economic and entrepreneurial future It will involve thinkers, researchers, international guests and businesses that stand out for their dynamism and ability to interpret the changes underway Six key … Read the full press release

Italian banking sector post referendum: Dexia Group exposure to Italy amounts to EUR 27.4 billion as of 30 September 2016

BRUSSELS, PARIS, 09-Dec-2016 — /EuropaWire/ — On 4 December 2016, the constitutional reform promoted by the Italian government was rejected by referendum by a large majority. Prime Minister Matteo Renzi submitted his resignation. This rejection creates a risk of political instability … Read the full press release

EBRD to publish its latest Life in Transition Survey on 13 December

Report is a unique barometer of people’s hopes, fears and aspirations in over 30 countries LONDON, 06-Dec-2016 — /EuropaWire/ — On 13 December, the EBRD will publish its latest Life in Transition Survey (LiTS), a unique series of reports that lay … Read the full press release

EPP proposes four key solutions to protect lives and control migration to Europe

BRUSSELS, 30-Nov-2016 — /EuropaWire/ — Migration remains one of the main concerns of EU citizens. Even if the number of refugees and migrants arriving in Europe has considerably dropped in 2016, the EU’s current migration strategy needs to be adapted to … Read the full press release

Airbus Group on WTO Panel DS487 report: Boeing must give up these massive tax subsidies

Extends the WTO’s earlier condemnation of massive illegal subsidies to Boeing to 26 billion USD in the form of wholly non-refundable corporate welfare. This is the single largest state-level instance of corporate welfare in US history. The subsidy package condemned … Read the full press release