economic growth was among the fastest in Europe (officially 8.4% in 2008 and more than three times the EU average).[12][13] The country is a regional leader in multiple fields, such as IT and motor vehicle production,[14][15] and is expected to join the Eurozone by 2014.[16] Bucharest, the capital city, is one of the largest financial and industrial centres in Eastern Europe. Romania was heavily affected by the global financial downturn and gross domestic product contracted by 7.2% in 2009,[17] forcing
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amount of interest among businesses as to what this really means. Should they be targeting the EU market in their strategic plans in a way that they have not done for? All those types of conversations are actually going on at the moment. Growth in the Eurozone has become fractured again and some of the biggest members are back in recession. The ECB is
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Hungary and Croatia only to emerge afterwards reunified with its western part as a founding member of the Socialist Federal Republic of Yugoslavia. In 1991, Slovenia declared full sovereignty. Today, Slovenia is a member of the European Union, the Eurozone, the Schengen area, NATO and OECD. Per capita, it is the richest Slavic nation-state, at 85.5% of the EU27 average GDP (PPP) per capita.[15] Culturally and demographically, Slovenia has been a border area throughout its history. Here, four linguistic
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situation. But it does not always have to be that simple. The countries which are traditionally supposed to be wealthy countries and whose citizens are well-off, may have very low (even below 1%), 0% or even negative economic growth (like in the eurozone in 2012 where the economic growth is -0.3% in 2012). On the other hand, there may be countries which enjoy high economic growth and in spite of this, their citizens live in poverty – like Brazil after World War II where in spite of 16% economic growth
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amidst domestic protests, austerity measures aimed at reducing the government deficit below 3% of GDP by 2012. It also appears likely that Greece will receive financial assistance from countries that use the euro as their national currency (the Eurozone) and the IMF in order to avoid defaulting on its debt. A common method for addressing budget and current account deficits, currency devaluation, is
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undermines business confidence in investing. Therefore with a single currency business confidence should improve leading to greater trade and economic growth. 4. Improvement in Inflation Performance. The ECB which sets interest rates for the whole Eurozone area will be committed to keeping inflation low; countries with traditionally high inflation will benefit from this. However this point is debatable as countries outside the Euro have maintained low inflation. 5. Euro could emerge as a global trading
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consumption increases in select emerging economies coupled with the general global population growth 2.Expansion into Indonesia is through the acquisitions of interest in oil palm estates 3.Emerging biofuel market | Threats | 1.Economic crisis in the Eurozone and the global economic slowdown result in lower global trade and investments 2.In the refinery and specialty fats sub-segmentsstiff competition posed by the Indonesian resource-based manufacturers which have a cost advantage due to Indonesia’s preferential
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Primark Case Study Contents: 1: Exclusive Summary 2: Brand Introduction 3: Task 1: Target Market 4: Task 2: Environmental Analysis 5: Task 3: Growth Strategies With Respect To 6: Task 5: Poster Design For Advertising Campaign 7: Task 7: Ethics 8: Appendix 9: Reference Exclusive Summary: This marketing report will provide an integrated marketing campaign for Primark to expand its businesses to Boston, the USA, and Milan, Italy. It will use relevant marketing theories and strategies,
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Date of Submission: 06/01/12 Title of Assignment: Trade barriers and their effect on foreign direct investment in India and France. CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course
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Spanish financial crises 1. Spain’s Debt Problem The financial crises of Spain can be described as the sovereign debt problem, which is a large and continuous budget deficit feeding into its accumulated debt. From figure 1 we can see that fiscal consolidation hadn’t successfully made a recovery (see figure 1). Schwartz (2013) quoted that the net increase in debt in 2013 is expected to be €48 billion (HK$480 billion) and the gross issue of public debt €207.2 billion (HK$2085 billion). These
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