Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation has reached joint-lowest point since April 2021. Disinflationary trend caused by lack of demand in economy. Monetary policy to remain stable, reducing uncertainty for businesses. Eurozone inflation dropped to 1.7% in January, below the European Central Bank’s medium-term target…
Organisations that keep the economy and daily life moving, energy, transport, health, water, food, digital infrastructure, public administration, now operate in an environment where disruption is no longer the exception. Extreme weather, cyber-attacks, geopolitical tension, supply-chain failure and technology outages can hit physical assets, people and data at the same time. With the Civil Defence…
A business perspective on Europe’s growing water dependency For years, executives have worried about energy prices. Today, they may need to start worrying about something even more fundamental: water. The current drought affecting Europe’s major rivers is often described as an environmental issue. But the business implications tell a different story. Low water levels…
As geopolitical tensions reshape economies and governments compete for investment, one message came through clearly at MHA’s International Tax Summit: international tax reform is not going away, but its direction is changing. Hosted in London, the event brought together senior tax leaders, multinational businesses and specialists from across the Baker Tilly International network to discuss…
Incorporating a so-called start-up entity does not necessarily mean that the company operates within the technology sector. Start-ups today are increasingly established as vehicles to promote innovative ideas capable of influencing a wide range of industries and sectors. The shipping industry, one of the most traditional and established industries globally, is progressively embracing innovation through…
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. Inflation in the Eurozone has edged higher again, rising from 2.9% in July to 3.3% in August. This is a cause for concern – reinforcing worries that price pressures are proving more stubborn than policymakers would like and raising…
There is substantial empirical evidence that the global system of trade is fragmenting. The bigger question is how far the fragmentation will spread, and whether it becomes adaptive or harmful. No business can afford to ignore the potential consequences. Since the 1990s, regional trade agreements proliferated rapidly. Almost all members of the global trading system…
CHANGES TO THE LEGISLATION On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was published, introducing the below amendments: 1. The penalties for the omission or neglection of the filing / annual confirmation of the UBO Register will only be applicable to the legal…
The financial services industry has long operated in an environment of evolving accounting and regulatory requirements. While IFRS 9 has now become embedded in financial reporting frameworks, recent developments and the introduction of IFRS 18 are prompting financial institutions to revisit not only their accounting policies, but also how they communicate performance to investors and…