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European car market: a ship in the eye of the storm, without helmsman
February 2013 sales statistics for the E.U. car market were dramatic, with sales declining 10% from 2011, 20% from 2010 and 35% from 2008. A part U.K., not really part of European vessel crew, all key markets economies are falling down, dragging the (...)
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Automobile Assembly & Engine Production Plants in Europe - 2013
The 15 ACEA members assemble passenger cars, light commercial vehicles or vans, buses and coaches, medium sized and heavy-duty trucks, and produce engines in 22 countries in Europe. Europe includes the EU27 plus a number of neighbouring countries (Be (...)
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Turkish Investment Incentive Regime Expanded to Cover Investments in the Automotive and Energy Generation Sector
Turkey has announced a new Investment Incentive Regime[1] in 2012 which replaced the previous investment incentive regulations. Recently, Turkish Council of Ministers announced a further change[2] in the Investment Incentive Regime covering qualify (...)
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The Turkish automotive sector contracted 10 percent last year
The Turkish automotive sector contracted 10 percent last year, but is not anticipated to shrink any further in 2013 as recently introduced state incentives are predicted to contribute greatly toward the sector's improvement, the head of Opel Turkey s (...)
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Labor unrest threatens plant closings for automakers in Europe
Wim Dries was at the public swimming pool with his kids last month when a loudspeaker announcement asked him to take an urgent call. On the line was the head of Ford’s factory in Genk, Belgium, who said he was being held by workers opposed to a plan (...)
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West European Car Sales - February 2013
After a dismal result in January, with the market down 9%, the February result is another blow for the industry. A double-digit percentage fall translated into a selling rate of under 11.4 mn units/year. We continue to forecast a market fall of 4%, m (...)
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Russian Car Market record totters as February sales were up only 2%
The Russia car market never ending string of growing months is near to be broken, as February sales were up only 2.3% from last year. A strong battle is in place in the market for the third place, behind Lada and Renault, with 5 brands fighting. (...)
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Chinese outbound investment in the European Union 2013
Chinese companies operating in the EU will be increasing their investments and looking to further engage in M&A in order to serve the European market and acquire technology, brands and expertise to improve competitiveness, according to "Chin (...)
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The German Miracle Continues: Manufacturing Grows Again While Things Stay Miserable In Countries All Around It
Thanks to surging exports, the one strong man of Europe continues to look strong.While French, Italian, and Spain all clocked in with PMI readings that showed their manufacturing sectors were varying degrees of horrible, Germany is strong (...)
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European recession further slowed global manufacturing – UN report
Global manufacturing output rose by merely 1.2 per cent in the fourth quarter of last year compared to the same period in the previous year, the lowest quarterly growth rate in the last three years, according to a United Nations report released today (...)
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You think UK manufacturing is dead? Think again
Looking at the latest economic news, it’s easy to get the impression that the current downtown has hit the UK engineering and manufacturing industry hardest. The doom and gloom brigade, proclaiming that offshore manufacturing in low-cost countries is (...)
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Changes in Russia’s approach to beneficial ownership forces rethink for companies
Kirill Vikulov examines the development of the beneficial ownership concept and a new tax exemption for Eurobond structures in Russia.Russia has been slowly taking steps toward the development of a national financial market. One of the de (...)
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Russia: How to Protect Your Rights If Counterfeits Under Your Trademark Emerge in Market
EU officials are alarmed: Russia is No. 2 in the rating of counterfeit products' manufacture and sale, while China is still No. 1. Mass media and officials emphasize the fact that illegal products cause serious damage to the budget and consumers, tho (...)
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German labour costs take a hike
Higher salaries have increased German labour costs by a calendar adjusted 2.6% in 2012 compared to the previous year, reports the German Federal Statistics Office.The increase in labour costs was significantly above the average rise betwe (...)
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Ministers don’t believe official Eastern Europe migration forecast
Britain’s population will be swelled by up to 13,000 Romanians and Bulgarians a year after migration restrictions are lifted, according to government estimates. The figure, barely a quarter of the 50,000 a year predicted by the campaign g (...)
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Germany: Alternative Investment Fund Manager Directive Proposed Cross-Border Rules in Germany
On 12 December 2012, the German cabinet of ministers has adopted a draft law which implements the Alternative Investment Fund Manager Directive (“AIFMD”) (Directive 2011/61/EU). The planned effective date is 21 July 2013, the “due date” for implement (...)
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General Accounting and Tax Regime for Foreign Investors into Turkey - Overview
With its young and dynamic population and rapidly growing economy, Turkey has retained its position as one of the most attractive countries in which to invest, even during the global financial turmoil. Although Turkey has yet to overcome a handful of (...)
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German business confidence posts surprise drop
A long spell of boosted business confidence in Germany has come to end. A closely-watched barometer by a leading economic think tank showed there was renewed unease about the prospects of eurozone recovery.German business confidence poste (...)
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EU privacy reform - a fresh start vs much ado about nothing
The EU privacy reform has triggered a remarkable number of discussions since the issuance of its first draft Regulation. Some advocates have welcomed the Regulation as a fresh start, perceiving it as a new approach to data privacy and data security (...)
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European Union: European Council agrees to enhanced cooperation for FTT
The EU’s Economic and Finance Ministers Council adopted a decision on 22 January 2013 authorizing 11 member states to proceed with the introduction of a financial transaction tax (FTT) through “enhanced cooperation.” The 11 countries are Belgium, Ger (...)
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“What’s Next for Russia’s Economic Future and Global Role?” - Lecture by World Bank Group President Jim Yong Kim
IntroductionThank you, Professor Mau, distinguished faculty members and students.I am honored to speak to you today here at the Russian Presidential Academy of National Economy and Public Administration. Thank you for invitin (...)
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European Private Equity Outlook 2013
The mood is upbeat once again in the European private equity sector. After a more pessimistic mood among PE investors in 2012, more deals are expected this year – especially in Scandinavia and Germany. In contrast, Spain, Portugal, Italy, France and (...)
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Chinese interest in Slovakia is growing
On February 27, 2013, in Beijing the first from a series of investment seminars in China took place in order to present to potential Chinese investors the investment opportunities and business environment in Slovakia. The events were prepared by the (...)
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Russian Language Second Most Popular on the Internet
Russian became the second most frequently used language on the Internet in 2013, having passed Germany by a narrow margin, according to a report by analytical company W3 Techs.The company counted the number of sites in each language regar (...)
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Europe falling behind in broadband
There was a growing meme in some corners of the Internet and tech policy community that says the US is falling behind Europe when it comes to broadband deployment and implementation.One such indictment of America’s flailing broadband come (...)
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European airline industry shrinking due to recession
As 2011 drew to a close, any early optimism for 2012 quickly evaporated and it turned into another difficult year for European airlines due to recession and high fuel pricesAir traffic growth in 2012 has been marked by economic weakness i (...)
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Russia Cuts Red Tape For Wealthy Expats
Russia’s Federal Migration Service (FMS) announced recent changes to its visas that will make it easier for expats to live and work in Russia.First is a new investment visitor visa that is valid for five years, allowing for more wealthy i (...)
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Spain’s Unemployment Rate Tops 26%
In the fourth quarter of 2012 Spain cut 363,000 jobs, pushing its unemployment rate to one of the highest in the developed world at 26 percent.Currently there are 5.9 million people out of work, making Spain’s unemployment rate double tha (...)
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Europe update: global headlines
Below are the latest articles and news from around the world featuring articles on Europe.Why Is Ford Losing in Europe?Source: (...)
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The Importance of Accent Reduction for Increased ROI
For global companies, communication is a critical competency that impacts talent acquisition, engagement, retention, and innovation. These, in turn, are factors that provide companies competitive advantages and determine market leadership. (...)
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