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.

Commitment to Mexico Manufacturing-Despite the Political Rhetoric

Written by Henry Martin on . Posted in FDI

International OEMs and Tier Ones continue to invest in Mexico manufacturing, despite much uncertainty from the new Trump administration and threats of heavy import tariffs. Amid such an environment, Mexico has shown more resilience than ever, and international companies continue to reiterate their commitment to Mexico, so they can benefit from the growth opportunities the country provides and ensure their competitive advantage in the North American export market. Henry Martin spoke with Doug Donahue, one of Entrada Group’s Principals and Vice President of Business Development, about what Mexico offers to foreign manufacturers and why many are proceeding apace despite an unclear future and outright hostility from the Trump administration.

Henry Martin:The current political climate in North America has turned the spotlight squarely on NAFTA. How could a treaty renegotiation affect Mexico manufacturing?

Doug Donahue: We certainly don’t know how NAFTA discussions will play out. But renegotiation, on its face, should not be viewed as the death knell for Mexico’s manufacturing sector. Much has changed since NAFTA’s implementation 23 years ago and updating the agreement to reflect today’s modern manufacturing realities could possibly benefit all three countries. For example, U.S., Canada and Mexico may find out that a restructured NAFTA makes their trade relationship even stronger. 

Stay on Track

Written by Henry Martin on . Posted in FDI

CEO Insight Interviews Mrs. Lila Tsitsogiannopoulou, Head of HRADF

CEO Insight: What is the remit and role of the Hellenic Republic Asset Development Fund, and where does its mandate come from?

Mrs. Lila Tsitsogiannopoulou: Τhe Hellenic Republic Asset Development Fund was established in 2011 with the purpose to grow the private assets transferred to it by the Greek State, in accordance with the internationally undertaken commitments and the provisions stated in the Midterm Frameworks of Fiscal Strategy.  The Fund has a mission statement to implement the Privatisation Program, to maximise value brought to the Greek State via public debt reduction, generation of direct investment that fuel economic recovery and growth and opening up of market sectors and increase competition leading to more, better and higher value products and services to users and consumers. 

We are in close cooperation with the Greek Government and along with our sole shareholder which is the Hellenic Corporation of Assets and Participations; we promote the country’s privatisation plan, holding full responsibility to comply with existing policies. Our Asset Development Plan, which is the backbone of our remit, is recommended by the Board of Directors of the Fund, is endorsed by the Greek Government and acknowledged by our creditors and we are executing it with the certainty of optimism; that of establishing the foundation for restarting the development process in the Greek economy. The Fund is directed by a 5-member Board of Directors which has the sole responsibility for its operation. A Council of Experts comprising of 7 highly skilled and recognised professionals, as well as 2 observers with no voting rights participate into the BoD’s meetings, appointed by the member-states of the Eurozone and the European Commission. 

A Long Tradition

Written by HWF Hamburg on . Posted in FDI

As early as 1266, merchants of the Hanseatic League met at the Steelyard trading base in London to do business. By 1567, the "Right Worshipful Company of Merchant Adventurers of England" was trading cloth in Hamburg. In 1926, the British American Tobacco Co (BAT) set up a branch on the banks of the Elbe River. Today, about 10 percent of Hamburg’s exports go to Britain, with pharmaceutical goods and aircraft products topping the list. Imports from Britain mainly include crude oil and natural gas as well as petroleum products. Great Britain is a perfect market for German goods as it also provides German companies with access to other Commonwealth markets.

World meets business at the waterfront
Located between the North Sea and the Baltic Sea, with the Elbe River as its lifeline and the city-state of Hamburg as its heart, the Hamburg Metropolitan Region (HMR) is one of the most competitive regions in Germany and Europe. The region is highly attractive for international and national companies as it combines economic momentum with a high quality of life. Export-oriented businesses benefit from the broad range of services available in the port of Hamburg.

Ever since Hamburg’s port was established more than 1,000 years ago, cosmopolitanism, open-mindedness and hospitality have been continuously nourished in Hamburg. When this emerging commercial centre joined the Hanseatic League of merchants in the 14th century, Hamburg became the economic centre of the North Sea and Baltic Sea region. Hamburg swiftly turned into a true global player and cosmopolitan city. Since then, Hamburg, the “gateway to the world”, has made it a point to keep its gates open – in both directions. Today, Hamburg is one of the most dynamic cities within the European Union and continues to attract companies, institutions and professionals from around the world. Some 250,000 citizens from 185 nations have made Hamburg their new home and currently work on the banks of the Alster Lake and the Elbe River. More than 100 consular missions represent their interests in Hamburg.

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