International Internet Magazine. Baltic States news & analytics
Friday, 26.08.2016, 11:25
Latvian architect and entrepreneur Uldis Pilens has taken 16th spot on Thinkers 20: The Brightest Business Minds in Northern Europe, drawn up by the Nordic Business Forum.
Keyword tags: Business in Europe, Competition, Industry, Latvia, Markets and Companies, Rating
During the First Innovative Enterprise Week in Riga, the EIB Group and the European Commission (EC) have launched three new financial products to boost the competitiveness of innovative companies in Europe under the "InnovFin – EU Finance for Innovators" programme, reported BC EIB Group representative.
Loreta Grauziniene, speaker of the Lithuanian Seimas, met with Volodymyr Groysman, chairperson of the Verkhovna Rada of Ukraine, in Kiev, the press service of the Seimas reports BC . Together with other speakers of parliaments of the Nordic and Baltic countries, they discussed possible programmes of the Nordic and Baltic countries and the Council of Europe in support of the Ukrainian Parliament, with special attention to the reform process.
A special expert group (HLG/AB) advised the Commission on administrative burden reduction for entrepreneurs during last five years. The aim was to eliminate 25% of the administrative burdens 13 key areas. The results exceeded the initial targets: annual savings in the EU-28 are of about €33.4 billion, which represent an easing of the burden by 27%. The Commission praised the HLG/AB work.
Broader ‘business intelligence’ market surges 50% to US$ 60 billion, the highest valuation ever, and on par with the electronic gaming industry, said the new ESOMAR Marker Research Report. As to Europe, it is largely the “old” EU-15 that struggles to overcome the economic pains; France, the Netherlands, Denmark and Luxembourg were the only markets to record net gains in 2014.
Over 70 thousand counterfeit goods were seized during a major Joint Customs Operation (JCO) code-named “ERMIS”. The Operation focused on postal and courier mail traffic, to identify fake products shipped through small consignments. Joint Customs Operation helped to avoid losses to the EU’s and the member states’ budgets in the form of evaded customs duties and taxes.
The EU authorities are trying to attract member states’ attention to the SMEs activity. Recent “action plan” shows some progress in doing business. SMEs play a decisive role in the European economy’s competitiveness and dynamic. To help them realise their growth potential, the EU is working towards promoting entrepreneurship and creating a friendlier business environment for SMEs.