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‘Mission is over’: Europe Surprised as Ukraine Dumps EU Plans

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Reaction of EU after Ukraine Voting

Special EU envoys Aleksander Kwasniewski (L) and Pat Cox react after voting in the parliament in Kiev on November 21, 2013. (AFP Photo /Sergei Supinsky)

The EU is utterly disappointed by Ukraine’s decision to align itself closer to Russia and halt its preparations for signing a European trade and political agreement, effectively killing the country’s chances to eventually join the bloc.

“This is a disappointment not just for the EU but, we believe, for the people of Ukraine,” EU foreign policy chief Catherine Ashton said in a statement, claiming that “the most ambitious” pact ever offered to a partner by the EU would have helped the country’s economy.

The decree signed by Prime Minister Mykola Azarov’s government on Thursday orders the “halt of the process of preparing the Association Agreement between Ukraine and the European Union.”

The decision was taken to “ensure the national security of Ukraine” and restore lost trade volumes with the Russian Federation after considering the effects on trade relations with Moscow, legislators said.

The announcement follows the Ukraine parliament’s earlier refusal to pass a bill that would see jailed former Prime Minister Yulia Tymoshenko allowed to travel abroad for treatment  – a key EU deal condition for the summit that was scheduled in Vilnius, Lithuania, next week.

The EU envoy at the negotiations, Polish politician Aleksander Kwasniewski confirmed that the deal would not go ahead saying the “mission is over… The accord will not be signed in Vilnius.” 

Many European politicians as well as Ukraine’s own opposition have already slammed Kiev’s decision.

Swedish Foreign Minister Carl Bildt critcized Ukraine’s decision, saying the “Ukraine government suddenly bows deeply to the Kremlin” due to the Russian “politics of brutal pressure.”

“deep disappointment at the unilateral decision” was also voiced in a statement by EU envoys Aleksander Kwasniewski and Pat Cox, who highlighted what they call a “dramatically increased pressure from Russia in recent weeks.”

British Foreign Secretary William Hague in the meantime called the decision a “missed opportunity.”

Not all European countries however have adopted such a critical approach. It was Ukraine’s “sovereign right to make a decision which path she wants to follow,” German Foreign Minister Guido Westerwelle said.

Call to impeach

Arseniy Yatsenyuk Ukrainian opposition leader and a former Minister of Economy called for President Viktor Yanukovych to step down.

“If Yanukovych is refusing to sign the agreement, then it is not only state treason but also grounds for the impeachment of the president and the dismissal of the government,” he said in parliament.

Ukraine dumps european Union

Protesters hold Ukrainian and European Union flags during a rally to support euro integration in central Kiev November 21, 2013.(Reuters / Gleb Garanich)

People have begun flocking to Kiev’s main Square and home of 2004 Orange revolution. More than 1500 protesters with banners gathered in the Maidan Square to voice their opposition to the government’s decision, local media reports. A number of MPs have also joined the protests, more are planned for this Sunday.

Police have cordoned off the presidential administration building as more security vans arrive at the scene.

EU integration roadblock

After the cabinet’s decision, EU Enlargement Commissioner Stefan Fuele canceled his Friday trip to Kiev. President Yanukovych, however said that despite “difficulties” his country would continue towards European integration.

Russia welcomed Ukraine’s decision to actively develop ties with Moscow, while President Putin said he wasn’t completely against Ukraine’s association with EU. But trilateral trade talks should take place before Ukraine signs an agreement with the EU.

“We favor this, but only before decisions are made,” Putin said.“How can we hold negotiations on issues that have already been agreed upon and endorsed?”

EU’s ‘ridiculous’ plan to help Ukraine

The European Union has actually done nothing to convince Ukrainian leaders that association with the EU would actually solve its economic crisis, Polish MEP Pawel Zalewski stated earlier this week.

As compared to hundreds of billions of euros channeled into Greek, Spanish and Portuguese economies, he said, one billion offered to Ukraine was inadequate and “ridiculous.”

“It’s a ridiculous amount compared to the resources allocated to rescue Southern Europe from bankruptcy,”Zalewski said as cited by PR Newswire.

EU plans to help, Ukraine dumps EU

Reuters / Gleb Garanich

In the meantime Russia has the means and willingness to offer Ukraine what the EU lacks, which is money, Eric Kraus, Managing Director of Anyatta Capital told RT, adding that Ukraine is a “vital part” of the European Russian speaking space.

“The European Union offers a lot of words,” Kraus said, implying that nothing tangible would have come out of the deal. “What they don’t offer is what Ukraine needs – and that’s money.”

“Ukraine is not vital to the EU,” Kraus explained. “It is a part of a geopolitical chess game and they’d like to take that piece. They are not going to spend a lot of money for it. They can’t, they’ve got Portugal, they’ve got Greece. Pretty soon they’ve got France.”

The financial analyst also explained the economic problems that Ukraine is facing.

“The problem is that Ukraine is in dire economic strains. Ukraine is 2-6 months from default. They cannot raise money in markets. They are running a deficit. They are having a lot of trouble keeping the currency stable.”

First appeared on RT.com

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Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

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Navigating legal matters in Spain

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Starting or expanding your business or investments into a new country can be daunting. The task of understanding and complying with legal obligations and tax commitments can be very difficult, especially when regulations are not in your first language, or you have little experience of the country you are expanding into.

Doing business in Spain can be incredibly rewarding, but it can be tough. Legal bureaucracy runs through every aspect of day to day life, and the smallest mistake can have far reaching consequences for your business. This is why you will need to decide carefully when choosing Legal services in Spain. You need the very best multilingual experts, that can advise and guide you through each task with professionalism and care. You need to look for a partner who can help establish and grow your business.

A one-stop shop for legal services

A business needs to be able to have absolute trust in their legal service provider and will not want to be working with multiple companies for different specialisms. Being compliant with the law is already hard enough without navigating through four or five different law firms.

This is why choosing a one-stop shop for legal services is the best options, especially if you are new to conducting business in Spain. By choosing someone who can advise on everything, you can be sure that you will not suffer the consequences of something being missed. Afterall, whether it is finance, tax, employment law or any other legal formality, you cannot manage each one in isolation, they are all key parts of running your business successfully.

Not only that you want a partner, who can help grow your business and maximise opportunities to do so. One that understands the complexity of the issues your business may face, and can give a sincere and honest opinion.

Get the formalities covered and spend more time doing what you do best

Nobody likes to spend their time struggling with paperwork,but it is a necessary evil with any business. By choosing an expert in legal services in Spain to cover the formalities, you can spend more time doing what you do best and running your business.

Whether it is registering your business successfully, trademarks and patent registration, opening of bank accounts, or managing the hiring and possible expatriation and visa applications of employees, by hiring an expert you can leave all these worries in very capable hands.

The only certainties in life are death and taxes

Tax is always tricky to manage. Not just ensuring you pay what is due, but also being able to make the right business choices that means you do not pay too much. Every business knows it needs specialists to advise  and assist with tax planning, VAT returns, financing and raising funds and mergers and acquisitions. But when starting out in a completely new country you need local experts who know the rules inside and out.

The last thing any business needs is an unexpected tax bill causing chaos with cash flow, especially in the early days.

There is always the challenge of day to day accounting and payroll to consider also. That is why using a service that not only understands the legalities but can actually manage your bookkeeping, payroll and invoicing for you will be worth its weight in gold.

Expert help with all aspects of law when you need it

No matter what area of law you need support with, a good legal service should be able to provide assistance with any aspect. You have the usual corporate law, with things like contract management, corporate compliance, bylaws and shareholder agreements, insolvency. But also commercial and employment law. You will likely also need assistance with real estate law and sometimes even more personal issues that family law and your own residency.

A good service will make it easy for you. They should look to gather a complete understanding of how your business operates. This should include detailed information gathering and design a plan on how to ensure compliance for your review and approval.

They will likely speak to many areas of the business to get a feel for business context and aims in order to properly assess where the business is now, and what recommended strategy should be deployed.

Communication with you and the key stakeholders of your business is paramount. On delivering the agreed actions for you there should be regular updates on progress and important decisions that are needed and clear reporting at the end of the review and delivery. This will give you the reassurance you need that the service is being delivered to suit your exact business model and concerns, leaving you safe and compliant.

One thing is for sure – do not try to go it alone, it could prove disastrous for your business and jeopardise your success. If you want to avoid costly mistakes, find a legal services partner you can trust, can provide a holistic service and is expert in all aspects of running and managing a business. The investment will prove its worth over and over.

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Brexit: Three Logistics Concerns for Businesses

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After the vote on 23rd June 2016, for many businesses, it seemed there was ample time to prepare for Brexit. However, the UK is now one year away from leaving the EU and naturally, many business owners are becoming increasingly concerned about its impact.

A recent study showed that 94% of UK SMEs feel that the government is failing to listen to their Brexit concerns. There are also fears that HMRC’s new customs system will not be ready by the Brexit deadline.

For businesses, it is clear that there remains a lot of uncertainty about Brexit, including what trades deals may be formed and how they will affect British businesses. This is particularly true for logistics, where these three concerns are growing.

Cost Implications

For many companies, their number one concern is cost. In order to offset, businesses facing an increase in operating and logistics costs may have to pass this onto their customers, resulting in higher product prices – this is especially worrying for logistics companies like Tuffnells. This could result in a lower sales volume, making a dent in their bottom line.

This additional spend could come from several areas, including:

  • Taxes and tariffs: after leaving the single market, exporting or importing goods may be subject to new charges and restrictions, which could result in higher logistics costs
  • Fuel: The exchange rate of the pound dropped after the Brexit vote and it could fluctuate further after the deadline, resulting in increased fuel and transport prices

Business Systems

Coming out of the EU’s single market – where British businesses currently trade tax-free – presents more issues than cost alone. This includes implementing new business systems.

While HMRC are putting their own customs systems in place, businesses also face the same challenge. Staff will require training on new tariffs and customs, logistics procedures will have to be revised, and businesses will have to find systems and methods to deal with these new processes. All of this will eat into business hours and cost companies further money.

Border Controls

The introduction of new border controls will have several affects on British businesses, including cost, delays and further administrative processes. But leaving the EU will limit companies in another way: freedom of movement.

Pre-Brexit, EU workers had the freedom to move and work in any member state, but this will no longer apply to the UK. This means hiring workers from within the EU could be more difficult, time-consuming and expensive. With many British companies hiring migrant drivers to cover the UK shortage, this could severely impact transport.

The announcement of Brexit brought about uncertainty among UK businesses. Unfortunately, only speculation is possible until all trade deals have been announced and Brexit takes effect in 2019. However, if businesses prepare in these areas, it could help to minimise impact.

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The Future of the UK Used Car Market

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It is an intriguing time in the UK auto market in 2018 with a range of political, economic and social factors influencing the industry. New car sales continue to fall for the 11th consecutive month with diesel taking the brunt of the slide. It is thought that this decline is due to the uncertainty over the Government’s clean air plans (including the 2040 ban on petrol and diesel), but also the economic climate and uncertainty over Brexit.

Sale of AFVs

Although new car sales continue to fall overall, there is evidence that the 2040 ban is influencing consumers with the sales of alternatively-fuelled vehicles (AFVs) rising steadily over the last 11 months, including a 7.2% rise in February compared to last year. Although this is unable to offset the free-falling diesel sector, it does show that motorists are beginning to prepare for the green car revolution. Motorists are also aware that there are many incentives for making the switch, plus there is now a wide range of excellent electric cars on the market.

Used Car Market

So, what does all this mean for used car dealerships? Sales have managed to maintain stability amidst the turbulence in the industry with a drop of just 1.1% in 2017 compared to 2016. This was largely thanks to the sale of used electric cars, which saw an increase of a staggering 77.1% in 2017. Hybrids were also up 22.2%. This goes to show that motorists are preparing for the future and still have the need to change automobiles, with the used car market being a much safer place to do this as it is a much smaller investment.

The Future

It is easy to see reputable used car dealerships like Shelbourne Motors performing well in 2018 and beyond as more and more second-hand electric cars become available. An increasing number of cities are imposing their own bans ahead of the 2040 ban, plus it is expected that there will be more clarity on the ban and the electric vehicle infrastructure will continue to grow. Additionally, the landscape of a post-Brexit UK will be clearer soon and this could encourage motorists to shop in the used car market.

The future of the used car market in the UK looks healthy despite the fact that there has been a great deal of uncertainty in the UK over the past year. Provided that dealerships are able to provide motorists with a range of second-hand electric automobiles, it is easy to see motorists opting to buy used as opposed to new as this can allow for big savings which is important in the current economic climate. The green car revolution is fully underway and this is what has managed to keep the used car market afloat during a challenging period.

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