United Kingdom – Open for Business

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By Gareth Winstone, Haines Watts

Despite the economic issues around the world, it has never been a better time to set up business in the UK. Many global companies have a presence or headquarters in the UK because of the well established legal and regulatory framework and the highly skilled workforce.

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Great expectations and opportunities for foreign investment in Mexico with New Government

By Sergio Guerrero Rosas, Guerrero y Santana, S.C.

With the arrival of the new President, Enrique Peña Nieto, on December 1st, there are great expectations with many anticipating a wave of excellent opportunities for investment. Of the 260 commitments signed as part of Peña Nieto's election campaign, 90 were related to infrastructure and public transport; a clear show of his strategy for economic improvement and growth in Mexico. In fact, by the end of his 6-year term, Peña Nieto aims to have doubled investment in this area.

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First OECD study on local integration presented

The local integration of immigrants in the OECD countries has improved over the last ten years. The first OECD study on local integration of immigrants (this is also the title of the study) which was presented on December 3, 2012 researched the treatment of immigrants and their children in the individual OECD countries. Indicators were education, health as well as living conditions, income conditions and working conditions.

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Too low wages increase the economic downward trend

For increase in competitiveness of companies, Government saving and wage reductions at the same time have become the strategy for overcoming the economic crisis for many countries. The experts of the International Labor Organization (ILO) consider this course of action as a wrong approach. This is shown in the Global Wage Report of the ILO, which was presented in Geneva on December 7, 2012.

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Europe Needs to Combine Solid Fiscal Policy with Structural Reform

2012 will not go down as a growth year in the annals of the EU. In its autumn assessment presented on 7 November 2012, the EU Commission actually predicted a reduction in GDP by 0.3 percent for the EU economy in the current year. The EU Commission expects slight economic growth again in 2013. On the other hand, the assessment predicts that unemployment will remain at a high level.

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Millions of Jobs Wiped Out by Economic Crisis

According to the International Labour Organisation (ILO), 30 million more people around the world are now unemployed compared to the onset of the global economic crisis in 2008. Another 40 million people are no longer available in the employment market since the affected individuals have given up hope of a regular job.

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Tailwind from Brussels for the Automobile Industry

CARS 2020 is the EU Commission's action plan for the European automobile industry. Helping the industry maintain its leading position in global competition is the objective. The plan presented on 8 November 2012 in Brussels is the first component of the European Union's new industrial policy introduced in 2010.

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EUR 200 Million More for Expansion of European Infrastructure

The development and expansion of a trans-European transportation network (TEN-V) is being subsidised with co-financing by the European Union. EUR 200 million is available this year for 74 projects selected by the EU Commission. Roads, waterways, rail links, airports and seaports are eligible in principle.

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Eurostat Presents Interim Results of Europe 2020 Strategy

Eurostat, the statistical office of the European Union, presented a report on the state of leading indicators for the Europe 2020 strategy on 1 October 2012. The strategy was approved by the European Council in 2010. It is aimed at a high level of employment, productivity and social cohesiveness.

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EU social partners negotiate over new maximum working hours

The directive valid in the European Union governing the regulation of working hours dates from the year 2003. New legal regulations aimed at adjusting to suit the profoundly changing working world are considered overdue. This affects, among other aspects, on-call services, minimum rest times and the flexible calculation of weekly working hours. A proposal for a new directive is to be submitted by the end of 2012.

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