Under Prime Minister Trudeau’s administration, there has been a great emphasis placed on the importance of Global Commerce and linkages between important markets. The prime example of this is the CETA agreement with Sept 21 as the date targeted for provisional application. Another priority for the Liberal government is the renewed emphasis on the CleanTech sector. Both CETA and CleanTech provide excellent opportunities for Finnish companies.
Read MoreBased on the study the most significant business risks in Poland are related to social factors such as labor shortage, staff turnover, management and acquisition of new customers. Economic risks are related to rise of salary and cost level and financing of the company in Poland. Political environment of Poland was described as more stable than suggested lately in the media and there was no political threat seen towards foreign companies. Technological risks are mostly related to information security and the lim-ited know-how in utilizing the possibilities enabled by technology. The environmental factors did not form a threat to the studied Finnish companies yet the strict environ-mental requirements towards foreign companies, air pollution and flood risk were mentioned. Business risks related to legal environment of Poland might arise from heavy bureaucracy, slowness or contractual practices.
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Finncham interviewed Mr Galo Abril-Ojeda, Executive President (CEO), Nordic Ecuadorian Chamber of Commerce.
Economic and Political Outlook
Nowadays, a political and economic stability may be in sight since the recently elected President, Lenin Moreno, is trying to open its public policies towards an integration with Ecuadorian private companies, to boost the country´s productive sector. This, given that the previous 10 year left-winged presidential mandate (considering a half way reelection that took place in 2013) focused on developing several basic infrastructure projects and socially beneficial policies, but breaking apart most incentives towards the private sector.
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The SelectUSA Investment Summit is the highest-profile event dedicated to promoting foreign direct investment (FDI) in the United States. Featuring senior government officials, C-Suite business executives, and other thought leaders, each Summit focuses on a timely theme related to the U.S. investment environment, industry trends, and new opportunities.
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The Hungarian economy is in a good shape, which manifests itself in increasing foreign investment and the constantly raising standard of living. This is also visible in the statistics.
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The ATA Carnet is an international customs document that permits duty-free and tax-free temporary import of goods for up to one year. The initials “ATA” are an acronym of the French and English words “Admission Temporaire/ Temporary Admission”. ATA Carnets cover almost everything: commercial samples, professional equipment, goods for use at trade fairs, shows, exhibitions.
Read More100 years ago, the Czech Republic and Finland received the international recognition as the new, independent and democratic republics in Europe. Within coming years, both countries developed their reputation within European and world industrial community focusing, among others, on free trade advocacy. The question whether and how our mutual trade can create win-win situation for the both countries is an underlying topic of our interview with H.E. Ivan Jukl, the Ambassador of the Czech Republic in Finland.
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Which kinds of business opportunities there are for Finnish companies in the Slovak Republic?
Although there is an inevitable shift to the service based economy in Slovakia, as is the case in many modern developed countries around the world, the manufacturing and the industry will continue to play a significant role in the years to come. The Slovak Republic has a long tradition in mechanical engineering, machinery, which has gradually transformed to the renowned automotive industry. Extremely favourable business environment still lures major stakeholders, Jaguar Land Rover amongst the latest. Vehicle production, followed by electronics industry, are two fundamental pillars of the Slovak economy.
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Austria is politically and economically one of the most stable countries in the world. Inflation rates are low, the increase in national debt has been successfully curbed and the target of a balanced budget appears within reach. An array of measures have been implemented in order to stimulate growth through liberalisation and privatisation, thus securing the future through social system reforms.
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The Balkans region takes its name from the Balkan Mountains which run trough the center of Bulgaria into eastern Serbia. The Balkan region has made great progress, moving from war to peace, from disintegration to cooperative development and implementing democratic and economic reforms on the path towards EU integration.
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The Austrian economy has continued to perform strongly this year and the consumer and business confidence indicators have remained optimistic. What will the future economy look like in your opinion after the elections in October and in the coming year?
„Austria's economy is very stable. It is hardly imaginable that a new government will cause major changes. Especially the medium-sized business proves to be robust. I am pretty convinced it will stay that way.“
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Economic and political outlook of Colombia today and what are the prospects for the country?
The Colombian economy has been growing by 2 – 3 per cent during the last years. The economic growth has slowed down recently. Fall in oil prices followed by devaluation of peso by 40 per cent made Colombia an attractive destination of foreign investments two years ago.
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Central America and the Caribbean with 90 million consumers is an often-overlooked region of opportunities, stated Chris Bennett from the Caribbean Council. Although the markets are small, and the integration is poor, business can be highly profitable in the long run. The largest economies in the region are Puerto Rico, Cuba, Dominican Republic, Guatemala and Panama. The key business areas are energy and extractive industries, transport infrastructure, tourism sector and hurricane reconstruction.
Read MoreSerbia is a country of a wonderful nature and an extraordinary history in the middle of the Balkan Peninsula. It has 7.12 million inhabitants, but Belgrade (approx. 1.2 million), as a capital of the former Yugoslavia, represents today a natural business center of the wider region of Western Balkans, connected by the improving economic relations, the same/similar languages, as well as the common interest for the EU integration and development.
Read MoreFinncham interviewed H.E. Polish Ambassador to Finland Mr Jarosław Suchoples.
The economic performance of Poland should remain robust this year thanks to strong consumer spending, healthy labor market dynamics and greater absorption of EU funds. How do you see the future economic outlook of Poland in the coming years?
Read MoreFinncham interviewed Mr Galo Abril-Ojeda, Executive President (CEO), Nordic Ecuadorian Chamber of Commerce.
Read MoreThe ATA Carnet is an international customs document that permits duty-free and tax-free temporary import of goods for up to one year. The initials “ATA” are an acronym of the French and English words “Admission Temporaire/ Temporary Admission”. ATA Carnets cover almost everything: commercial samples, professional equipment, goods for use at trade fairs, shows, exhibitions.
Read More100 years ago, the Czech Republic and Finland received the international recognition as the new, independent and democratic republics in Europe. Within coming years, both countries developed their reputation within European and world industrial community focusing, among others, on free trade advocacy. The question whether and how our mutual trade can create win-win situation for the both countries is an underlying topic of our interview with H.E. Ivan Jukl, the Ambassador of the Czech Republic in Finland.
Read MoreMielestäni olisi ihanteellisinta käydä joka vuosi reissaamassa jossain uudessa maassa tai paikassa, mutta tällä kertaa päätin matkustaa Nicaraguaan, omaan kotimaahani. Olen asunut Suomessa jo neljä vuotta, joten paluu Keski-Amerikkaan turistin roolissa oli jopa minullekin varsin eksoottinen kokemus.
Read MoreEconomic outlook of Austria today – and what are the future prospects for the country?
Austria is politically and economically one of the most stable countries in the world. Inflation rates are low, the increase in national debt has been successfully curbed and the target of a balanced budget appears within reach. An array of measures have been implemented in order to stimulate growth through liberalisation and privatisation, thus securing the future through social system reforms.
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