• Doing Business in Iraq: mitigating financial supply chain risks

    Iraq’s potential has attracted increasing interest from investors and companies looking to take advantage of its significant energy reserves, large infrastructure needs and young, growing population. However, there are also significant risks to doing business in this market. These risks should not be an impediment to entry and can be managed through innovative financial supply chain strategies and structures which will ensure that doing business in Iraq is truly rewarding.

  • Doing business in the United Kingdom

    A magnet for international investment

    Consisting of four nations, England, Wales, Scotland and Northern Ireland, the United Kingdom is a world renowned financial and business centre. A member of the European Union since 1974, the UK has retained its own currency, the pound sterling, and talks of adopting the euro appear to have subsided as monetary policy has turned to addressing the causes and effects of the current economic crisis. The UK authorities have been proactive in providing support for the country’s ailing banking system, cutting interest rates to 0.5%, their lowest ever level, and embarking on a quantitative easing programme.

  • Doing business in Russia

    Commodity rich

    The largest country on the planet in terms of land mass, Russia is endowed with vast natural reources – principally, crude oil and natural gas. The country’s economy has undergone significant change since the collapse of the Soviet Union in 1991, when Russia moved from being a centrally-planned economy to a more market-based and globally-integrated one. During this period of change, much of the Russian economy was privatised, with the exception of energy and defence.

  • Doing business in South Africa

    The gateway to the African continent

    South Africa has emerged as one of the leading emerging economies today on the back of its strong manufacturing, services and agricultural sectors. The country’s successful transition to democracy in 1994, with the election of Nelson Mandela as president, saw South Africa re-enter the global economy and achieve impressive growth levels. In December 2010, South Africa became an official member of the BRICS nations, the group of major emerging economies such as China and India, in recognition of its economic strength and regional status.

  • Doing business in Nigeria

    Oil-rich Nigeria is sub-Saharan Africa’s second largest economy, with daily oil production of around 2.1m barrels per day in 2010. Despite the global financial crisis and recession, the Nigerian economy has fared well, posting GDP growth of 8.1% in 2010, making Nigeria one of the world’s fastest growing countries today. The country’s medium-term prospects are also bright, with GDP predicted to grow by 6.9% and 6.7% in 2011 and 2012 respectively.

  • Lithuania

    Situated in the geographical centre of Europe, Lithuania has moved on from communist rule to recognised independence through social and political reform. The highly literate society’s economy grew between 2004-2008 but suffered a drop of almost 15% in GDP in 2009. How has the country recovered and what does the future hold in store for this Baltic state?

  • Iceland

    One of the most volcanically active countries in the world, Iceland is famous for its hot springs and geysers, as well as its high standards of living. The country has been beset by a series of crises in recent years, from the collapse of its banking sector in 2008 to the 3km high ash cloud that caused the European airspace to seize up in 2010. Could EU accession provide a turning point for the country?

  • Latvia

    Fulfilling top foreign policy goals, Latvia joined both NATO and the EU in the spring of 2004. Four years later, Latvia’s second largest bank required a state bailout and the country turned to a group led by the European Commission and the IMF to secure a €7.5 billion loan. Under the conditions of the loan, the Latvian government has strict budget deficit targets to reach for 2012, but these may just aid the country in its long-term plan to adopt the euro.

  • Estonia

    A forward-thinking and ambitious nation, Estonia has promoted both its economic and political ties with the west, since the last Russian troops left the country in 1994. The small economy has managed to assert itself with remarkable aptitude on the international stage and its membership of the Eurozone has helped to boost Estonia’s credibility and popularity with foreign investors.

  • Finland

    Recognised by the World Economic Forum as having a well-managed economic policy, first class public institutions, and a private sector that adapts quickly to new technology and innovation, Finland is one of the world’s most competitive economies. Home to mobile telephone giant Nokia, Finland also has an advanced telecommunications sector, which contributes significantly to the country’s economy, together with the more traditional timber and metals industries.