Category Archives: Regional News

Britain Unprepared for the New Data Protection Regulations Coming Soon

The EU is soon rolling out new rules on personal data, and research shows that fewer than 10% of small businesses in Britain are ready for these changes. Approximately 20% of companies don’t even know that the General Data Protection Regulation is on the way in the last few months, according to research by the…

EU Trade Determinations

The EU has tough data protection standards and is ensuring that everyone in the bloc upholds those standards. This is a victory for those who have feared that privacy could be undermined with information. The EU has approved of new language that they expect everyone to incorporate into future trade pacts to create a priority…

Pact Between Japan and Three Former Soviet Republics

Japan’s prime minister Shinzo Abe said on Saturday that he has entered into an agreement with Estonia, Latvia and Lithuania. This agreement is intended to boost the economic and political ties with the three former Soviet republics. Japan sees the most trade potential with information technology, transportation and medicine. Abe has been on a six-nation…

Blacklist of 17 Countries Serving as Tax Havens

The EU has recently released a blacklist of 17 countries that they say are tax havens. This comes after a ten month investigation where they identified places that are not doing enough, the EU says, to crack down on offshore avoidance plans. The 17 places include: American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau,…

Elgin Energy Plans Solar Farm

Elgin Energy is making plans for a 100-acre solar photvoltaic (PV) farm in Kilkenny. This is the latest in a list of proposals by solar farm developers which follows the fall in the cost of solar PV technology. They have applied to build this on a 39.6 hectare site that is close to the village…

Google, Facebook, Others Soon Going to be Taxes Higher by EU?

The EU Finance Ministers have put forward an interesting proposal that could definitely have Google and Facebook seeing red…and green. At the finance minister summit on Saturday the Estonian capital of Tallinn, France and Germany urged the bloc partners to consider an emergency tax bill. This tax bill will force internet companies to pay taxes…

Should Ireland Make an Exit Soon Too?

This article is worth reading, as it argues that Ireland should exit, as England has done. As the author states, “Behind the charade of a “unified stance” on Brexit is a deeply divided EU with competing national agendas which have been whipped into a facile unanimity. The pressure not to break ranks is huge. In…

Dublin Tops the List for Brexit Moves

Certainly, when Brexit goes through, many will need to figure out where to move thousands of jobs. Many finance institutions have only until Friday to tell the Bank of England how they plan to deal with the changes that a hard Brexit will cause. And at the moment, many eyes appear to be on Dublin….

All Eyes on Google

Google is in for an awakening, according to The New York Times. The European antitrust officials are preparing to slap Google with a record fine by the end of August. Margrethe Vestager, the EU’s competition chief, is in the final stages of ruling on the case. In addition to a fine of at least $1.2…

Could Luxembourg Be the Next European Financial Center?

With the UK making plans to leave the EU trade bloc, many European countries are vying for the chance to be the financial center of choice for the EU. Here, Luxembourg’s finance minister Pierre Gramegna discussed why his country is ready to take on this role.