Outsourcing in Germany: Stop Talking at and Start Talking to

It is common knowledge that the German market for IT services is suffering from a severe shortage of IT skills. While the economy is thriving and order books are full across the production and service sectors, there’s a cap on growth in the IT industry – there are simply not enough people to fulfil all the orders. Since the IT industry is characterised by a high intensity of labour, the lack of developers, project managers, quality assurance professionals and consultants is having a severe impact. Continue reading Outsourcing in Germany: Stop Talking at and Start Talking to

The Capital Markets Union: a New Beginning in the European Financial Sector?

The financial crisis has led to plenty of conclusions in Europe. One among the many is that capital markets and their use for the real economy have been far from optimal. If real improvements could be achieved in this this area in the next few years, then growth could be promoted, alternative financing could be offered, the cost of financing could be lowered and access to funding might be improved. In 2015, the European Commission announced the inception of the Capital Markets Union (CMU) which will be a flagship project from the EU.  Continue reading The Capital Markets Union: a New Beginning in the European Financial Sector?

The Global Outsourcing Industry — the Rise of the Phoenix

Outsourcing is being transformed; digitalisation, automation, the Internet of Things, these are only a few of the elements that are shaping it now. All of these factors, as well as the outcome of the recent EU referendum in the United Kingdom and the subsequent Brexit are all coming together to reduce the existing out sourcing landscape to ashes, not only on the domestic market here in the British Isles but also further afield.  Continue reading The Global Outsourcing Industry — the Rise of the Phoenix

Belarus: Changing Old Ideas And Mixing With the New in Belarus’ Export Market

When talk turns to Belarusian exports, a popular picture emerges for most foreigners, of Belarusian vehicles — well-known timber and mighty mining trucks, time-proven tractors and chipping machines and many more. Production of the huge, state-owned manufacturers was a successful export product for many years and a symbol of the Belarusian economy. But what does the big picture of the country’s exports look like now and what are the challenges it has to overcome? Continue reading Belarus: Changing Old Ideas And Mixing With the New in Belarus’ Export Market

Are There Differences Between How Tax Regulations in Poland and IAS Treat Intangible Assets?

These days, there isn’t a company that would not acquire intangible assets. Tax regulations in Poland, just as in other European countries, define intangible and legal assets in a different way to accounting regulations. In addition to this, balance sheet amortisation can also be done in a different manner: independent of tax depreciation. So, in these cases, companies use depreciation rates as they are stipulated in tax regulations if this is possible, and legal. However, they do need to calculate a deferred tax, using the temporary differences between the accounting and tax depreciation and intangible assets value.  Continue reading Are There Differences Between How Tax Regulations in Poland and IAS Treat Intangible Assets?

United or Divided? Europe in the Face of the Challenges of Tomorrow

2016 has been a year of great challenges for Europe: the migration crisis which has brought up a discussion on how to tackle the immigration issue and the migrant quotas within the European Union; the terrorist attacks, the latest in Nice, France, where over 80 innocent people celebrating France’s National Day were killed; the last few weeks’ notable intensification of ceasefire violations in eastern Ukraine; the NATO Summit in Warsaw which has resulted in four multinational battalions being deployed to the bloc’s eastern flank and finally, the results of the EU referendum in the United Kingdom. Continue reading United or Divided? Europe in the Face of the Challenges of Tomorrow