Executives from leading European companies, including Bank of Ireland, BMW, Bosch and Kingfisher are scheduled to meet UK Prime Minister Theresa May and chancellor Philip Hammond on Thursday. The agenda for the meeting includes planning for the implementation time following the exit of the UK form the European Union due to take place a year…
Category Archives: Economy
Huge Influx of Eastern European Workers to UK Worrying Officials
Since September 2014 when Bulgarians and Romanians began to have full access to work in the UK, there has been a 16 percent increase in the number of workers from those countries who have flocked to the UK. Today there are over 69,000 additional East Europeans working in the UK that in 2014 as migrants…
Citigroup Remains Optimistic About Eastern European Investment
Tension in the Ukraine may be shaking up potential investors, but Citigroup is currently expanding its business in central and eastern Europe with an acquisition from ING Securities Services. In fact, the transaction is nearly complete. Citi’s head of direct custody and clearing in Europe, the Middle East and Africa Reto Faber recently said: “While…
