EACCNY | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

31 Oct

Securing a transitional agreement with the EU is critical for the UK’s business investment outlook

Posted by EACCNY
October 31, 2017

By Mark Gregory | EY Chief Economist Report highlights Business investment is vital for a successful Brexit In 2016, business investment dipped for the first time since 2009, falling 0.4% amid heightened uncertainty in the run-up to the referendum on EU membership. However, despite the June 2016 Brexit vote contributing to a decline in business confidence, business investment grew 0.8% quarter-on-quarter in Q1 2017 and 0.5% in Q2. Stronger business investment is key Going forward, a healthy level of business investment is important. With...

31 Oct

Member News

DS-Concept Announces Trade Finance Facility for Dynamic Apparel Manufacturer in Turkey

Posted by EACCNY
October 31, 2017

By Catherine Alvino | Marketing Coordinator | Istanbul, Turkey (October 30, 2017)| DS-Concept DS-Concept has provided a € 3 million facility to a recently opened ready-made garment manufacturer in Turkey. The company exports to Spain and the Netherlands and sells to well-known brands such as ITX and Mango. With DS-Concept’s facility in place, the fledgling manufacturer is able to allocate working capital to its higher business goals, such as entering the US market and investing in new technologies. The client sought...

30 Oct

Member News

Bannockburn Global Forex: 2018 FX Outlook

Posted by EACCNY
October 30, 2017

By Bannockburn Goobal Forex Overview 2018 is shaping up to be a year defined by significant volatility and continued uncertainty. While consensus has developed around near term US monetary policy, timing and direction of US fiscal policy are anything but certain, and the combined effect of both is unpredictable. Developments beyond our borders, among them Brexit, central bank actions, and geopolitics will also play a pivotal role in currency movements in the coming year, and are all subject to a range...

30 Oct

Chapter News

Speech by Bruno le Maire, French Minister of the Economy and Finance

Posted by EACCNY
November 1, 2017

Ladies and gentlemen, I come full of hope for my country, for Europe, for the bilateral relationship between both countries. And full of willingness too. A few words about our bilateral relationship. I believe in a strong transatlantic relationship. Between the US and France. We share a huge responsibility on the world stage. We live in an unstable world – both politically and economically. And I am convinced we have a better chance of successfully dealing with the many challenges we face if...

30 Oct

Member News

Update on Property Tax Issues: October 2017

Posted by EACCNY
October 30, 2017

By Paul Sanderson | IPTI The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). As far as Europe is concerned, this month’s report includes articles on Germany, Greece, Ireland, and the United Kingdom. There is a separate...

30 Oct

Chapter News

EIB Supports Gas Supply Improvements and Diversification in Europe with the EFSI Guarantee

Posted by EACCNY
October 30, 2017

The European Investment Bank (EIB) is lending EUR 50m to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corridor to increase security of gas supply and to reduce energy dependence by making it possible to diversify gas supply routes and sources. This operation is backed by the European Fund for Strategic Investments (EFSI) under the Investment Plan for Europe (IPE). The new pipeline represents the first phase of the Romanian section of...

30 Oct

New York Related News

International Business Updates from NYC

Posted by EACCNY
October 30, 2017

By NYC Mayor’s Office for International Affairs IN2NYC The International Innovators Initiative (IN2NYC) is now accepting applications. The IN2NYC program facilitates collaborative partnerships between international entrepreneurs and City University of New York (CUNY) schools, enabling entrepreneurs to be eligible for cap-exempt H-1B visas. Through the program, entrepreneurs gain access to workspace, equipment, and other amenities at incubators located at one of six CUNY campuses, as well as access to a large talent pool of skilled workers. In exchange, entrepreneurs dedicate some of...

27 Oct

Member News

Thanks to Ecommerce, Industrial Demand Keeps Growing

Posted by EACCNY
October 27, 2017

By Karina Estrella | Trepp It's safe to say that ecommerce has transformed not just the retail sector, but the industrial segment as well. According to the U.S. Department of Commerce, ecommerce sales reached about $395 billion in 2016, which is a 15.6% year-over-year increase from 2015. This acute growth in ecommerce has caused retailers to place more emphasis on improving services for last-mile delivery, which is the transportation of goods from a distribution hub to their final destination. Last mile...

26 Oct

Chapter News

The EIB Group signs the first guarantee agreements in Georgia, Moldova and Ukraine under the EU4Business initiative

Posted by EACCNY
October 26, 2017

The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – today signed the first guarantee agreements with ProCredit Holding and its subsidiaries in order to support EUR 100 million of lending to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine under the EU4Business initiative. These agreements will enable the ProCredit banks in these countries to facilitate access to finance for local SMEs by providing a 70% guarantee on each loan and...

26 Oct

Member News

Technology Update: Data Centres in Ireland

Posted by EACCNY
October 26, 2017

By Philip Nolan | +353 1 614 5078 | pnolanmhc.ie | Mason Hayes & Curran Data centres are an increasingly prominent feature of Ireland's policy landscape, as well as its physical landscape. We provide an overview of the key legal issues arising in the context of data centre development in Ireland. Post-Industrial Industry Ireland has not been spared the data requirements of the current, service-intensive phase of internet development sweeping the globe. This technological trend has brought with it the need to...

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