All Eye's on Frankfurt

Written by Henry Martin on . Posted in FDI

CEO Insight speaks with Tarek Al-Wazir Minister of Economics, Energy, Transport and Regional Development, State of Hessen.

CEO Insight: Minister, FrankfurtRhineMain has taken on a new role as a result of the Brexit vote. How is the region positioning itself?

Tarek Al-Wazir: We had hoped that the outcome of the referendum would be different, Brexit is anything but good news for Europe. But now we have to make the best of the situation. And that is a situation in which for any number of companies in Great Britain, in particular in the financial and insurance sectors, access to the EU market is going to be more difficult.

What we are telling them is that Frankfurt can be a bridgehead into the EU. Frankfurt is the Eurozone’s leading financial centre; hundreds of foreign banks have representations here, the ECB and Deutsche Börse Group are based here. These are hard facts. Frankfurt is probably one of the few cities in Europe that at the end of the day can actually benefit from Brexit. We intend to exploit that opportunity.

Sweden: Europe’s Power Warehouse

Written by Fergal Hogan on . Posted in FDI

More than 20 years ago, the term ‘technological revolution’ was used to describe the new industrial revolution in which economic growth was driven by information technologies as digital global companies became the new corporate giants, giants with a thirst for energy that remodelled the economic landscape and set the basis for the future of industrial evolution. In this new environment, the importance of climate change and the development of renewable energies increased significantly as a way to guarantee the sustainability of these power-centred growth patterns, and in preparation, the world set the rules in the Paris Climate Agreement.

Dublin Port: Making Waves

Written by Henry Martin on . Posted in FDI

CEO Insight’s Henry Martin speaks with Pat Ward, Head of Corporate Services, Dublin Port Company

Henry Marin: Cruises from Dublin are now possible with the news that the 5* ultra-luxury ship, Celebrity Eclipse, will be sailing from Dublin Port in 2018. What are the itineraries for these voyages and are there any plans to add further journeys or additional liners in the future?

Pat Ward: We are delighted to have Celebrity using Dublin as its homeport for part of the 2018 season. 5 Celebrity Eclipse voyages are scheduled for April and may ranging from 8 to 12 night cruises. Itineraries include the Norwegian Fjords, Ireland and Iceland cruises as well as one taking in the British Isles and the French Open. Celebrity have confirmed another mini-season of homeporting in 2019 but the itineraries for these cruises have yet to be finalised. In addition to Celebrity, CMV, Norwegian Cruise Lines, Hansa Treuhand, Pontant Cruises and Silverseas Cruises are all homeporting in Dublin in 2018 with a total of 23 turns.

A New Frontier for Energy Intensive Industries

Written by Uta Hönemann on . Posted in FDI

In the wake of digitalisation, globalisation and the call out for a sustainable future, a new type of international industrial landscape is emerging. Entire industries and infrastructures are being totally disrupted. New players with new ways of thinking are revising the way we, as global citizens, consume the services of tomorrow. In just a few years, new global players such as Amazon, Google and Tesla have become  leading super-companies that are altering the very logic of the industries in which they operate.

But while digitalisation and electrification provide unparalleled opportunities for value capture,they also bring major societal challenges: How to construct and power the rapidly growing global digital infrastructure, how to handle exploding amounts of data being used and how to produce and provide the energy systems of tomorrow.

Hidden Champions, Pioneers and Market Leaders

Written by Patricia Cullen on . Posted in FDI

Insights into Mecklenburg-Vorpommern’s Industries

The state of Mecklenburg-Vorpommern (MV) is home to unique businesses and manufacturers from various industries. There is great potential for economic growth in this region on the Baltic Sea in northern Germany. With fully developed industrial sites, access to specialised human resources as well as research facilities, MV is the most investor-friendly region in Germany. Invest in the region of the future, where success stories are waiting to be created.

Many of the world’s biggest cruise ships are to be manufactured in Mecklenburg-Vorpommern. In 2016, Genting Group – a rapidly growing international travel brand that is diversifying into ocean and river cruises and yacht and shipbuilding – bought three shipyards in Wismar, Rostock and Stralsund at a combined cost of €230.6m. Thereafter, MV WERTEN was established, and an extensive €160m investment programme has reinforced confidence in all three sites. Among other exciting plans, MV WERTEN proposes to launch the Global-Max cruiser, the world’s biggest cruise ship in terms of passenger capacity, measuring over 340m long and 45m wide. It is due to materialise by 2020. The Crystal Bach and Crystal Mahler are already under construction, and the Crystal Debussy and Crystal Ravel will be the third and fourth of these Rhine Class of cruise ships, all offering a true luxury experience on European rivers.

Making all the Right Moves

Written by Henry Martin on . Posted in FDI

Interview with Mr. Uwe Kerkmann Director- City of Düsseldorf Office of Economic Development

CEO: In what ways can the City of Düsseldorf’s Office of Economic Development assist those looking to relocate, expand or start up in the region?

Uwe Kerkmann: Düsseldorf – where business works! This is our claim and we do live up to our promise. We make sure that companies find a business environment that makes settling down, getting started and actually doing business as smooth and easy as possible. FDI rankings like those published by Ernst &Young prove that international companies really appreciate this service. In the years 2011 to 2016, they identified a total of 448 investment projects by foreign companies in Düsseldorf – by far the highest number among all German cities.

The Boom is Back

Written by Patricia Cullen on . Posted in FDI

Ten years ago Iceland was on the verge of economic ruin when its three largest banks failed and the stock market dramatically lost 80% of its value. However in 2017, it has turned economic turmoil into opportunity, and now is the time to take notice of the OECD’s smallest and fastest growing economy. Iceland and Switzerland are the only European countries to have made FTAs with China, and by using Iceland as a springboard, businesses gain unparalleled access to one of the key markets in the world. With capital controls lifted, allowing money to flow in and out of the country more freely, the 2008 financial crisis seems like a distant memory.

Strategically located midway between North America and Europe, Iceland resisted the global consensus and did not bail out its bankers, and has bounced back stronger than ever. This island nation has more assets than liabilities abroad, and the Icelandic economy’s foundations are firm and lucrative. As of now, Iceland has fully recovered from the crash, and its economy is one of the best-performing in the developed world, taking 20th place on the World Banks Ease of Doing Business ranking.

Invest in Iceland: Best of Both Worlds

Written by Thordur H. Hilmarsson on . Posted in FDI

Discover the stepping stone between the old and new worlds. Iceland, strategically located between Europe and North America, is renowned for pristine nature but also offers a highly advanced infrastructure. While steeped in history and distinct local culture, Iceland brings together the latest in science, technology and cultural trends from both sides of the Atlantic. This safe society is closely knit and family friendly, but the young and educated population is open-minded and global in outlook.

Iceland’s location in the mid-Atlantic explains the abundance of energy from renewable geothermal and hydropower resources. The competitively priced green energy has attracted energy-intensive industries and, increasingly, technology and life sciences firms find that Iceland is a natural fit for their business. A strong R&D tradition, a sound business environment with low corporate tax, and incentives for both foreign direct investment and R&D projects all form part of Iceland’s value proposition for foreign investors.

Secure and Stable: Jersey

Written by Henry Martin on . Posted in FDI

 

CEO insight sits down with Senator Lyndon Farnham, Minister for Economic Development, Sport, Tourism and Culture (EDTSC), Government of Jersey

Henry Martin: How does Jersey attract new businesses to the island?

Senator Lyndon Farnham: Jersey’s government has a dedicated team responsible for inward investment that sits within my department (EDTSC) – Locate Jersey.The team focuses on two areas – businesses and High Net Worth Individuals (HNWI) – and provides comprehensive, confidential and free advice to help those individuals and companies through the process of relocating to Jersey.

Island Life

Written by Fergal Hogan on . Posted in FDI

With a strong financial centre, low taxes, a mild climate and a reputation for attracting successful companies, Jersey - located 100 miles off the south of England and 14 miles from the French coast - has a rich history that demonstrates flair in adapting to an ever-changing corporate world. Relocating to this stunning island, conveniently close to international business centres, but far enough away to embrace a tranquil life, can spell success for you, your business and your family.

The biggest of the Channel Islands, this well-regulated IFC has upheld its winning position as the ‘Best International Finance Centre’ at the WealthBriefing European Awards 2017. There’s much to love about Jersey; from its beautiful landscapes to its strong sense of community and from its vivacity built on decades of hard work to its dedicated driving of global standards in relation to transparency around beneficial ownership.

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