EU Business Faces Labour and Skills Shortages

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Photo by Kumpan Electric on Unsplash Companies throughout Europe are facing growing labour and skills shortages, it has emerged. The issue was highlighted by BusinessEurope, the organisation that represents the business community in Europe. The Brussels based group published the results of a new survey of European companies which, it says, “underscores the skills and recruitment challenges that…

Hiroshima AI Process

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Photo by Maximalfocus on Unsplash The EU Commission said it welcomes Monday’s agreement by G7 leaders on International Guiding Principles on Artificial Intelligence (AI) and a voluntary Code of Conduct for AI developers under the “Hiroshima AI process.” President of the European Commission, Ursula von der Leyen, was among those who subscribed to the G7 leaders’ statement issued by the 2023 Japan G7 presidency….

The Future of Taxation in the EU

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Photo by Kelly Sikkema on Unsplash The European Parliament’s committee on economic affairs has voted on several tax files that are of strategic importance for the future of taxation in the EU, including the report on taxation in times of crisis.  In this report, MEPs managed to secure two important points – calling on the Commission to look…

Commission Approves Pfizer Takeover of Seagen

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Photo by pina messina on Unsplash The European Commission has unconditionally approved the proposed acquisition of Seagen by Pfizer, under the EU Merger Regulation.  The Commission concluded that the transaction would not raise competition concerns in the European Economic Area (‘EEA’). Seagen and Pfizer are pharmaceutical companies.  In the EEA, the companies’ marketed and pipeline products overlap in the treatment of several…

International companies which stop doing business in Russia, can influence the end of the war in Ukraine

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Photo by Alexandr Bormotin on Unsplash At a time when the Western world is pressurising Moscow with sanctions, many world-renowned companies continue to operate in Russia. Among them are Leroy Merlin, JT Group, Philip Morris, Ritter Sport, Raiffeisen Bank, Mondi, Mondelez, Mars, Unilever and others. In 2022, Ritter Sport increased profits by 91 per cent, Mondelez by 38…

Baku Hosts Astronautical Exhibition

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Photo by Mohammad Wasim on Unsplash An exhibition has been organized as part of the 74th International Astronautical Congress. President of the Republic of Azerbaijan Ilham Aliyev, First Lady Mehriban Aliyeva and their son Heydar Aliyev attended the opening of the exhibition. Following the ribbon-cutting ceremony symbolizing the opening of the exhibition, the attendees familiarised themselves with the…

Uzbekistan Strengthens Competition Policy

Andrew Neel

Photo by Andrew Neel on Unsplash Economic relations are one of the important elements of civil society. They cannot appear and develop by themselves, but are formed under the influence of the state and society. If society has an influence on the economy through social norms, the state ensures its development based on the laws…

Report confirms economic and social impact for Romania of Gabriel Popoviciu’s Băneasa development


The positive economic and social impact of Gabriel Popoviciu’s urban development initiative in Northern Bucharest has been confirmed by a recent assessment spanning the 2005-2022 period. The Băneasa project is one of largest urban development projects in Europe of its time. Northern Bucharest was the natural location choice, due to it already being a fast…

University Students Feel the Pinch

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Photo by Dollar Gill on Unsplash New data reveals that more than seven in 10 (71%) university students in the UK in 2023 hold part-time jobs, compared to six in 10 (60%) former students.  As a result, students in the UK are managing to save an average of £399 of their annual loan for the future, with more than…

High Speed Rail Link to Integrate Baltics with Western Europe

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Photo by Winston Chen on Unsplash Rail Baltica is a greenfield rail transport infrastructure project with the goal of integrating the Baltic States into the European rail network and is a part of the Trans-European Transport Network (TEN-T),  European Union’s instrument aimed at ensuring the territorial cohesion of the Union and facilitating the free movement of goods and…