POLITICS & POLICY

Italy & Hungary – Business cooperation

A Hungarian business forum took place yesterday in Bologna, which was attended by more than 50 Italian companies. Among the participants, seven Italian companies announced possible investments in Hungary, while the Hungarian Investment Promotion Agency (HIPA) talked about eight possible Italian projects. If all these investments go ahead, they will amount to more than €100 million euro and create more than 1,000 jobs.

Source: Bbj, 15/06/2016

UK – Brexit: Risky business

London’s City is quite divided on Brexit. Europhiles argue that leaving would mean losing pre-eminence vis-à-vis rival European cities, while Brexiteers maintain that getting out of the Union would finally liberate the country from suffocating European rules. According to Chris Cummings, chief executive of TheCityUK, 100,000 jobs could be lost if the UK leaves the EU. Indeed, he argues that the UK’s competitive advantage is more fragile than generally thought. Similarly, Lloyd’s bank points to three important benefits resulting from EU membership, among which the fact that, being part of the single market, the country is able to attract more capital from abroad.

Source: The Guardian, 15/06/2016


THE STATEMENT

“We work well together with the UK particularly when we talk about new rules for the EU. We have to develop those together with the UK … you can much better have an influence on the debate when you sit at the bargaining table … than [by] being outside of the room.”

Angela Merkel, Chancellor of Germany

Source: BBC, 15/06/2016


NUMBERS

2.5%

The percentage by which Bulgaria’s industrial production has increased in the last year.

Source: Novinite, 14/06/2016

211,000

The number of migrants and refugees who arrived in Europe by sea in 2016.

Source: Novinite, 14/06/2016


Photo Credits CC: Metropolico.org 



 
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