European Union countries have been debating the creation of a financial transaction tax, with Denmark a frontrunner in the opposition. Speaking against the motion, Denmark said it would impede growth and cost “hundreds of thousands of jobs.” Economy Minister Margrethe Vestage is part of the Danish EU presidency, and chairs EU finance ministers meetings. In…
Foreign Investments Boost Ireland’s Employment and Confidence
Foreign investments reached a record high in Ireland last year, creating 13,000 employment opportunities and boosting the country’s economy after a three year recession. IDA Ireland, the Irish state investment agency, warned that the ongoing debt crisis in the region may discourage some companies from investing, but described 2012’s new projects as “encouraging.” Barry O’Leary,…
Polish Finance Minister Jacek Rostowski on the Economy and 2012
An interview with Polish Finance Minister Jacek Rostowski was recently publicized on BBC Monitoring European. When asked if he feared for the upcoming year, Rostowski responded: “It will be a distinctive one. We are entering with a very strong economy in Poland. We saw quite high investments and growth in the third quarter. Our economy…
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…
