• Soyer Ersoy, HSBC

    Turkey – Country Profile

    A leading emerging market economy, Turkey is positioned in a strategically significant location between the East and West. In addition to a long history of relations with the EU, the country’s economy has shown remarkable performance with steady growth over the last decade. Treasury Today takes a closer look at the business and treasury landscape.

  • Christophe Roy, HSBC

    France: the home of stability

    One of the leading European nations, France’s economy didn’t suffer to the same extent as other countries in the economic crisis. Growth, however, seemed to stagnate in the years following and is now set to rise steadily in 2016 and beyond.

  • 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.