21 Jan
Member News, News

DS-Concept Provides $4 Million Factoring Facility to Multinational Seafood Exporter

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $4 million export accounts receivable facility to a multinational shrimp exporter headquartered in Spain with facilities in the US and Argentina. The client, who provides cold water shrimp to retailers and wholesalers in Europe, Asia, the US, and GCC, is growing rapidly because of falling exports from the US and anticipates a total factored volume in excess of $30 million for 2015. "We’re very pleased...

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20 Jan
Chapter News, News, Uncategorized

EU Investment Offensive: Commission and EIB Launch New Advisory Service on Financial Instruments

Brussels, 19 January 2015 On 19 January, the European Commission, in partnership with the European Investment Bank (EIB), is launching fi-compass, a new advisory service on financial instruments for the European Structural and Investment Funds. This service is part of the "one stop shop" advisory hub, to be launched as an important part of the EU Investment Plan. The work to deliver the Investment Plan is moving fast. Just 50 days after President Juncker announced plans for an EU investment offensive, and the...

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16 Jan
Chapter News, News

A Successful Euro Changeover in Lithuania

16 January 2015 Lithuania's changeover from the litas to the euro has been smooth and successful. As of today, it is no longer possible to make payments in Lithuanian litas, the 15 days dual circulation period having ended on 15 January. No major problems were encountered and banks, post offices and retailers coped well with the extra workload caused by the changeover process and the parallel handling of two currencies. According to a Commission survey, on Wednesday 14 January 2015, nearly...

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15 Jan
Chapter News, New York Related News

Mayor De Blasio Announces Tax Reform To Provide Relief To Nyc Businesses And Manufacturers, Modernize Nyc’s Corporate Tax System

Revenue-neutral reform will streamline City and State taxes by merging bank tax into new corporate tax—eliminating burdensome administration and improving compliance, while broadening the city’s tax base NEW YORK—Mayor Bill de Blasio proposed today a major reform of New York City’s corporate tax structure, modernizing an outdated system, providing vital tax relief to the city’s small businesses and local manufacturers, and streamlining City and State corporate tax codes. The revenue-neutral reforms will be retroactive to January 1, 2015. Certain New York City...

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15 Jan
Chapter News, News

Employment and Social Developments: Annual Review Highlights Key Factors Behind Resilience to Crisis

Brussels, 15 January 2015 Countries providing high quality jobs and effective social protection as well as investment in human capital have proved to be more resilient to the economic crisis. This is one of the main findings of the 2014 Employment and Social Developments in Europe Review, which has looked back to the consequences of the recession. It also stresses the need to invest in the formation and maintenance of the right skills of the workforce to support productivity, as...

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13 Jan
Chapter News, News

Delivery of €315 billion Investment Plan on track: Commission presents law for the European Fund for Strategic Investments

Strasbourg, 13 January 2015 Just 50 days after announcing its ambitious Investment Plan for Europe to boost jobs and growth, the European Commission today adopted the legislative proposal for the European Fund for Strategic Investments, which will be established in close partnership with the European Investment Bank (EIB). The Fund is at the very heart of President Juncker's Investment Offensive, which will mobilise at least €315 billion in private and public investment across the European Union. This will especially support...

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12 Jan
Chapter News, News, Uncategorized

Speech by Vice-President Katainen to Bruegel Seminar: An Investment Plan for Europe

Brussels, 12 January 2015 Dear Guntram, dear participants, Many thanks for the opportunity to debate our investment plan. As a leading Central Banker said, it is the only plan around, so that means that we need to make it a good one. I would be happy to address your doubts and get your suggestions on how to make it better. The Commission has delivered fast. Less than two months after announcing its ambitious strategy to boost jobs and growth, the European Commission will...

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12 Jan
Member News, News

Bragging For Women is Launching in New York

Lena Beck Rørvig, CEO and Founder of EACCNY member Beck Global Consulting, is launching her new concept braggingforwomen  in New York City on January 27th, 2015. What is braggingforwomen? For Creator and Founder Lena Beck Rørvig, the mission is to give women the tools, guidance and encouragement to advocate for themselves at their workplace. Give them the confidence and inspiration to be proud of who they are and what they have accomplished and can accomplish. By Lena Beck Rørvig: "I am very excited about this new wave towards...

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12 Jan
Chapter News

The Euro Changeover in Lithuania is Reaching its Final Stage

Brussels, 12 January 2015 Lithuania adopted the euro on 1 January 2015, thus becoming the 19th member of the euro area. With the dual circulation period ending on 15 January, a crucial part of the changeover will be completed this week. The retail sector continues to cope well with the changeover process and parallel handling of two currencies and Lithuanians' transition to euro cash is smooth. According to a recent Commission survey, by 10 January more than two out of three...

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12 Jan
Chapter News, News

Cutting Red Tape: Savings of up to €48 Million Thanks to New Rules for Cross-Border Judgments

Brussels, 09 January 2015 New rules applying as of tomorrow mean businesses and consumers will be able to resolve cross-border legal disputes more easily – bringing expected savings of up to €48 million each year in the EU. The rules abolish the costly and lengthy procedure, which is currently used 10,000 times per year to get judgments in civil and commercial matters recognised in other EU countries. Starting tomorrow, such cross-border judgments will be automatically enforceable across the EU. Consumers will...

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