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EUROPE: "May 2011 West European Car Sales" report. 3-page report by J.D. Power Automotive Forecasting.
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Location, Location, Location: growing the European Automotive Supply Chain
The Automotive supply chain across Europe, having been on a rocky road for some time due to economic pressures and Eurozone uncertainties, has finally received a much needed fuel injection, write Simon Garbett and Emma Birch.A string of a (...)
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Europe Auto Production Consistent with Q1 Estimates
European auto production meets Q1 expectations. Production declines of 12% in March bring estimated first-quarter totals down 10% y/y, matching our estimate. Production rates sequentially were largely stable with Q4 levels, meeting the operating assu (...)
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The Journey of the Turkish Automotive Sector into the Future
The Automotive industry is very important for Turkey and their number one export sector for the last 7 consecutive years. KPMG in Turkey’s new publication, the inaugural KPMG Turkey 2013 Automotive Executive Survey, provides new information and insig (...)
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European Car Market fell 10% in March. Statistics on All Countries.
In March the European car market posted the 18th year-on-year decline losing 10.2% from last year. The first quarter ended down 9.7%. Only 5 countries out of 27 were year-on-year positive. The worst countries are now in central Europe.&qu (...)
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ACEA Tax Guide 2013
ACEA’s annual Tax Guide gives an overview of motor vehicle taxation in 31 European countries as well as other major world markets such as Brazil, China, India, Japan, Korea, Russia and the United States.It is compiled with the help of the (...)
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ACEA statement on the launch of Free Trade Agreement negotiations between the EU and Japan
The European Automobile Manufacturers’ Association (ACEA) notes the official start of trade negotiations with Japan yesterday. This is an important first step. ACEA members are global players who support multilateral and bilateral efforts to liberal (...)
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German Car Market fell 17% in March
March 2013 for the German car market was not only the 5th year-on-year drop in a row, but the month with highest y.o.y. drop since 2009, losing 17.1% from year ago. First quarter 2013 sales dropped 12.9%. BMW performance pushed up by Series 1 demand. (...)
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East European trailer market down only 4.7% in 2012
A new forecast report issued by consultants CLEAR shows that heavy trailer demand in Eastern Europe fell by 4.7% in 2012. This was a better outcome than was anticipated in halfway through 2012. In particular Turkey and Poland had stronger second ha (...)
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Could the eurozone have turned a corner?
There are no calls for celebration, no desire to relax in the corridors of Brussels, but some officials believe the eurozone has turned a corner, sharpening the focus on longer-term reforms and structures.Despite a messy bailout of Cyprus (...)
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Economic, business sentiment drop markedly in EU and euro zone in April
The Business Climate Indicator (BCI) for the euro zone decreased by 0.18 points to 0.93 in April 2013, according to official European Union figures released on April 29.While the assessment of the stocks of finished products remained broa (...)
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German manufacturing returns to contraction in March - PMI
Germany's manufacturing sector shrank slightly in March, hit by a fall in new orders, a survey showed on Tuesday, raising doubts about the strength of a first-quarter recovery in Europe's largest economy.Markit's Purchasing Managers' Inde (...)
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Russia's Manufacturing PMI: Output Growth Slows To Modest Pace in March
The pace of Russian manufacturing growth faltered in March while inflationary pressures remained subdued, data from the HSBC Purchasing Managers' Index for the month showed Monday.Russia's seasonally adjusted manufacturing PMI declined to (...)
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What Europe's growth challenges mean for Asia
Recent developments in Europe have set off alarm bells and further undermined confidence that Europe can recover in the medium to long term. Given the current difficulties on the continent, about 60 senior executives from various industries in Singap (...)
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EU executive urges higher wages in Germany
A European Commissioner has called on Germany to increase wages more significantly in order to fuel demand at home and throughout the EU. He feared that otherwise the currency union would break apart.European Commissioner for Employment, (...)
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Changes in Russia’s approach to beneficial ownership forces rethink for companies
Russia has been slowly taking steps toward the development of a national financial market. One of the declared objectives of this process is to cut the costs for Russian companies in accessing capital. But it is a long process and Russian companies h (...)
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Introduction of New EU Counterfeit Goods Regulation: Enhancement of an Intellectual Property Right Owner's Protection Against Infringement
IntroductionThe movement throughout Europe of counterfeit goods which infringe intellectual property rights (IPRs) represents a real and growing threat to businesses, consumers and the public at large. The magnitude and escalation of the (...)
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CEE private equity: undervalued?
It is official: Central and Eastern Europe is unsexy. It is the least desirable geography for family offices to invest in, according to the Investec Family Office Intelligence Survey, an unquote" sister brand, conducted in March. Less than a qua (...)
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Increase in Minimum Salary Requirement for Blue Card German Program
On January 1, 2013, new minimum salary requirements became effective for Blue Card holders in Germany. The annual salary of a first-year blue card holder must be at least EUR46.400 (EUR3.867 per month). Those working in shortage occupation activities (...)
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UK Government Announces Implementation Dates for Employment Reforms
The Enterprise and Regulatory Reform Bill received Royal Assent on 25 April 2013 and the Department for Business, Innovation & Skills has now issued a press release setting out the dates on which some of the changes contained in the Act will come (...)
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Turkey - Free trade agreement with South Korea
March 26: Procedures to implement a free trade agreement between Turkey and South Korea have been completed, so that the free trade agreement enters into force with the 21 March 2013 publication of a Council of Ministers decree in Turkey’s official g (...)
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Doing business in Russia 2013: Your roadmap to successful investments
KPMG in Russia updated its practical guide that provides a brief economic overview of Russia and introduces the tax and legal issues important for those who are planning to do business in this country. In particular, the brochure includes an explanat (...)
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Tax Incentives in Russia: Special Economic Zones get serious?
For the last decade or more in Russia, tax incentives have not been a major factor in attracting foreign investors to Russia. However, following on from the profit tax exemption introduced for R&D activity in the Skolkovo Innovation Centre a year (...)
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Germany: Europe soon no longer number-one trade area
Germany's leading foreign trade organization has called into question a swift recovery of the eurozone. Presenting an outlook in Berlin, it said overseas markets would gain in importance for export-oriented Germany.The Federation of Germa (...)
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Visa exemption 'accelerated' Turkish exports
Thanks to the visa exemption agreements with more than 21 countries over the past decade, Turkey’s exports have accelerated significantly, said Mehmet Buyukeksi, president of the Turkish Exporters’ Agency. The visa exemption agreements wi (...)
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Russia: New Transfer Pricing Rules: one year later
KPMG in Russia and the CIS has conducted a survey of the impact of the new transfer pricing rules adopted a year ago on the largest Russian and international companies in the oil and gas sector operating in Russia.As just over a year has (...)
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UK Employment Law Reforms: A New Timetable for 2013 and Beyond
The government has recently issued a revised timetable for the implementation of various employment law reforms. Taken together with earlier statements from the government as to its intentions regarding future developments, plus recently issued consu (...)
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Russia B2B: Changes to Migration Law for Foreigners
Rules requiring visa-free foreign workers employed in housing and utilities, retail and everyday consumer services to prove they are able to speak basic Russian have been in effect in the Russian Federation for almost six months. Proof of such abilit (...)
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Russia: Italy Lists Criteria for Increasing Local Investment
Transparency in business procedures, cheaper domestic travel and road signs in English would bring more tourists and foreign investors to Russia, Italian Ambassador Antonio Zanardi Landi said on Friday.While large investments become succe (...)
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Russia's New Five Year Business Visa
Early January, 2013 Russian President Vladimir Putin signed a law creating a new five-year multi-entry business visa for representatives or employees of foreign qualifying companies without the need for an invitation letter. These visas, however, are (...)
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Europe should end visa procedures for Turkish business world
The fourth meeting of the Turkey-UK Joint Economic and Trade Committee took place in the British capital of London on Monday.Turkish Economy Minister Zafer Caglayan, British Minister of State for Trade and Investments Lord Stephen Green, (...)
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March House Price Rise Biggest in Three Years in England, Wales
According to Hometrack, a property analysis firm, house prices in England and Wales posted their biggest month-to-month gain in three years in March. The 0.3 percent rise from February was the largest increase since March 2010, and while year-over-ye (...)
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Europe update: global headlines
Below are the latest articles and news from around the world featuring articles on Europe.ArcelorMittal CEO says high labor, energy costs hurt FranceSource: (...)
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“Negotiating Successfully in China for Procurement and Purchasing Professionals” online course launched by GlobalBusinessProfessor.com
GlobalBusinessProfessor.com, the leading global business online education platform, today announced the availability of the “Negotiating Successfully in China for Procurement and Purchasing Professionals” by Andrew Hupert. The online course will be (...)
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