• Map/flag of Sweden


    Sweden is a country of 9.7m people, 85% of whom live in cities. The country takes environmental and welfare issues very seriously and yet still ranks sixth in the World Bank’s global competitive index for the ease of doing business within a country. It also has among the EU’s lowest levels of national debt, low and stable inflation and a healthy banking system.

  • Map/flag of Norway


    With a coastline spanning over 25,000 kilometres, Norway draws much of its economic strength from the sea. In addition to exporting natural resources such as oil and gas, the country is responsible for the largest catches of fish in Western Europe today.

  • Map/flag of Lithuania


    In January 2015, Lithuania became the 19th country to join the Eurozone. This membership followed a decade of rollercoaster development for the Baltic country which included it being one of the fastest growing countries in the world – but also one badly knocked by the financial crisis. Now, with the economy recovered, Lithuania is back on track.

  • Map/flag of Latvia


    At the beginning of 2014, Latvia realised its long-term strategy to adopt the euro. The road to monetary union has not been easy, however. Having been hit hard by the financial crisis, it seems the short-term pain caused by austerity measures has been worthwhile. Today, the country is one of Europe’s fastest growing economies and boasts a budget deficit of just 1.2%, comfortably within the Eurozone’s 3% rule.

  • Map/flag of Iceland


    Beyond its natural beauty, Iceland can be a challenging place to thrive but the population has proved resilient through boom and bust. Although the country’s impressive 230% growth from 2001 was halted following the collapse of its banking sector in 2008, it has seen rapid growth since 2011.

  • Map/flag of Finland


    Finland has a diversified, modern industrial, largely free-market, economy with a per capita income amongst the highest in Western Europe.

  • Map/flag of Estonia


    Since Russian troops left the country in 1994, Estonia has pursued free market economic policies and taken strides in order to make its voice heard on the international stage. The country has anchored itself to the Western world both politically and economically, joining the European Union in 2004 and the Eurozone in 2011.

  • Map/flag of Denmark


    Denmark, although a country small in size, has international presence due to its prominance in global trade. With few natural resources of its own, Denmark has looked to build up its service industry in order to maintain economic stability and a competitive edge.

  • Gräfin Carola von Schmettow, Stephen Price and Gabriele A. Schnell, HSBC Germany

    Germany: supporting international presence

    Positive sentiment in Germany has been gaining momentum over the last year – and there is good reason to be optimistic. Treasury Today Asia examines the economic forces driving the country’s growth, and outlines Germany’s suitability as a gateway to Europe for Asian businesses in search of expansion.

  • 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.