AMSTERDAM

GBCI 2024: South American countries take five spots in the top ten, ranking among the most complex in which to do business. Cayman Islands remains the simplest country in which to operate

Retrieved on: 
Lunedì, Giugno 3, 2024
Language, Natural Resources, Government, Legislation, GBCI, TMF Group, TMF, Growth, Cayman, Medical device

It is based on 292 indicators covering legislation, compliance, accounting procedures, tax regimes, human resources and payroll processes, across 79 jurisdictions.

Key Points: 
  • It is based on 292 indicators covering legislation, compliance, accounting procedures, tax regimes, human resources and payroll processes, across 79 jurisdictions.
  • Colombia’s high ranking is driven by its complex accounting and tax systems, with tax reforms having been introduced on multiple occasions in the past seven years.
  • At the other end of the rankings, the Cayman Islands once again places as GBCI’s least complex jurisdiction, consistent across service lines and over recent years.
  • Despite the challenges, South American countries are always ready for more growth.”
    Top and bottom ten (1= most complex, 79= least complex)

GBCI report: Mainland China ranks among the most complex APAC jurisdictions in which to do business. Hong Kong, SAR remains the least complex APAC country to invest in

Retrieved on: 
Lunedì, Giugno 3, 2024
File, GBCI, TMF Group, AI, Annual report, TMF

The annual report analyses 79 jurisdictions across the globe, offering data on key aspects of doing business around the world.

Key Points: 
  • The annual report analyses 79 jurisdictions across the globe, offering data on key aspects of doing business around the world.
  • At 11th place, Mainland China ranks as the most complex APAC jurisdiction within this year’s GBCI, moving up from 15th place in 2023.
  • It is followed by Kazakhstan at 10th and then by Indonesia at 16th and South Korea at 19th.
  • TMF Group’s Head of APAC, Shagun Kumar said:
    “The Global Business Complexity Index (GBCI) remains a cornerstone for understanding business complexities within key jurisdictions around the world.

GBCI report: Denmark and the Netherlands confirm their positions amongst the 10 easiest countries in which to do business. Greece overtakes France as Europe’s most complex jurisdiction

Retrieved on: 
Lunedì, Giugno 3, 2024
HRP, GDP, FDI, GBCI, Fintech, TMF Group, Overalls, UBO, TMF, A&T, Cryptocurrency

The comprehensive report analyses 79 jurisdictions which account for 93% of the world’s total GDP and 88% of net global FDI inflow.

Key Points: 
  • The comprehensive report analyses 79 jurisdictions which account for 93% of the world’s total GDP and 88% of net global FDI inflow.
  • It compares 292 annually tracked indicators, offering data on key aspects of doing business across the globe.
  • This year’s study reveals Denmark, the Netherlands, the UK, and Jersey to be among the easiest jurisdictions in Europe to do business.
  • While Greece has consistently been considered complex, particularly within accounting and taxation (A&T), its HR and payroll (HRP) functions have increased in complexity in 2024.

AM Best to Host Insurance Market Briefing in Amsterdam to Review Challenges and Emerging Issues Facing European Carriers

Retrieved on: 
Lunedì, Giugno 3, 2024
Data Analytics, Professional Services, Insurance, ESG, AM Best, News, ALL

AM Best analytical staff will discuss challenging conditions that have affected European insurance carriers at a market briefing taking place in Amsterdam on 3 July, 2024.

Key Points: 
  • AM Best analytical staff will discuss challenging conditions that have affected European insurance carriers at a market briefing taking place in Amsterdam on 3 July, 2024.
  • The Amsterdam market briefing will take place at the Hotel Jakarta and be held from 3:00 p.m. (CET).
  • To register, or for more information about the agenda at the market briefing, please visit AM Best's Insurance Market Briefing - Amsterdam .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

VEON Announces Its New Board, Names Founder Augie Fabela as Chairman

Retrieved on: 
Venerdì, Maggio 31, 2024
Intelligence, Education, VEON, UHY, Health, AGM, State, Euronext Amsterdam, Management

VEON welcomes former U.S. Secretary of State Michael R. Pompeo, Sir Brandon Lewis and Duncan Perry, who will serve alongside the incumbent directors Augie K Fabela II, Andrei Gusev, Michiel Soeting and VEON Group CEO Kaan Terzioglu on the Board.

Key Points: 
  • VEON welcomes former U.S. Secretary of State Michael R. Pompeo, Sir Brandon Lewis and Duncan Perry, who will serve alongside the incumbent directors Augie K Fabela II, Andrei Gusev, Michiel Soeting and VEON Group CEO Kaan Terzioglu on the Board.
  • Following the AGM, the new Board held its inaugural meeting, and elected VEON’s Founder and Chairman Emeritus Augie K Fabela II as the Chairman.
  • "As the Founder of VEON, it is an honour to return as the Chairman of the Board.
  • “We would like to thank all our shareholders for their continued trust in our Company, and warmly welcome the new Board of VEON, chaired by our Founder Augie Fabela,” stated Kaan Terzioglu, VEON Group CEO.

VEON discloses April YTD trading update at its AGM

Retrieved on: 
Venerdì, Maggio 31, 2024
VEON, Annual, FX, Growth, Kyivstar, Digital, USD, Yoy, Euronext Amsterdam, Cryptocurrency

During the first four months of 2024, the Group demonstrated accelerated growth.

Key Points: 
  • During the first four months of 2024, the Group demonstrated accelerated growth.
  • Reported currency revenues for the first four months of 2024 saw an 8.6% increase compared to the previous year; and local currency revenues increased by 12.9% year-on-year.
  • I would like to thank our Board for their guidance as we continue to execute our strategy successfully, and our shareholders for their continued trust,” said Kaan Terzioglu, VEON Group CEO.
  • The table below details 4M24 and 4M23 revenues and EBITDA and YoY trends for the Group on a country-by-country basis:

Moody’s selects TomTom location data for its risk management solutions

Retrieved on: 
Giovedì, Maggio 30, 2024
Insurance, TomTom, Uncertainty, Wildfire, Flood, Organization, Intelligence, Risk, Risk management

AMSTERDAM, May 30, 2024 (GLOBE NEWSWIRE) -- TomTom ( TOM2 ), the location technology specialist, today announced its location data has been selected by Moody’s, a global, integrated risk assessment firm that empowers organizations to make better decisions, using its data, analytical solutions and insights.

Key Points: 
  • AMSTERDAM, May 30, 2024 (GLOBE NEWSWIRE) -- TomTom ( TOM2 ), the location technology specialist, today announced its location data has been selected by Moody’s, a global, integrated risk assessment firm that empowers organizations to make better decisions, using its data, analytical solutions and insights.
  • Moody’s now incorporates TomTom’s data into Moody’s Insurance Geocoder, using precise location information to improve the accuracy and relevance of geocoding analyses across multiple workflows.
  • By combining TomTom’s highly accurate location data with Moody’s modeling capabilities and applications, Moody’s Insurance Geocoder empowers organizations across the insurance, financial, real estate, and adjacent domains reliant on accurate geospatial data with better insights to manage risk, reduce uncertainty, and improve decision-making.
  • “Through this collaboration, Moody’s customers leverage TomTom’s location data to address their unique challenges, speaking to the versatility of our location technology.”

Philips celebrates 1.9m liters of helium saved as it marks 1,111 helium-free MRI operations installs, expanding care to more patients in more locations

Retrieved on: 
Giovedì, Maggio 30, 2024
Ingenia, CE, Patient, Cyclone, Helium, MRI, Artificial intelligence, Sale, Superconductivity, AEX, PHG, Face, Medical imaging

Since 2018, Philips has been the first to provide helium-free MR operations worldwide, improving access to better care for more patients, and we will continue to drive innovation in this space,” said Ruud Zwerink, Business Leader of MR at Philips.

Key Points: 
  • Since 2018, Philips has been the first to provide helium-free MR operations worldwide, improving access to better care for more patients, and we will continue to drive innovation in this space,” said Ruud Zwerink, Business Leader of MR at Philips.
  • A conventional MRI scanner requires up to 1700 liters of liquid helium, much of which can be lost if the magnet has to be periodically shut down.
  • Philips’ AI-enabled [3] EasySwitch technology always ensures orderly shutdown and re-energizing of the magnet once the danger has passed.
  • [1] Systems contain 7 liters of helium, fully sealed, no helium can leave the system.

VEON appoints UHY LLP as auditors for VEON Group’s 2023 PCAOB Audit and shares compliance plan with Nasdaq

Retrieved on: 
Mercoledì, Maggio 29, 2024
VEON, UHY, Annual report, PCAOB, File, Communication, Euronext Amsterdam

VEON has now submitted its plan to regain compliance with listing rules to Nasdaq as requested in the aforementioned notice, and aims to be fully compliant in the fourth quarter of 2024, subject to Nasdaq’s acceptance of the Company’s compliance plan.

Key Points: 
  • VEON has now submitted its plan to regain compliance with listing rules to Nasdaq as requested in the aforementioned notice, and aims to be fully compliant in the fourth quarter of 2024, subject to Nasdaq’s acceptance of the Company’s compliance plan.
  • “We look forward to working with UHY as our auditor for the PCAOB Audit.
  • We will continue to maintain our transparent communication with the investor community and work diligently with our auditors to fulfill all reporting requirements of our listings.” said Kaan Terzioglu, VEON Group CEO.
  • UHY LLP is an independent member of UHY International.

GBCI rankings revealed for 2024: the Netherlands and the UK placed among the 10 easiest countries to do business in. Greece overtakes France as the most complex jurisdiction

Retrieved on: 
Mercoledì, Maggio 29, 2024
COVID-19, Legislation, Brexit, Risk, Human resources, Workforce, HRP, Growth, TMF Group, FDI, Interface (computing), Accounting, GDP, UBO, GBCI, Cryptocurrency

The comprehensive report analyses 79 jurisdictions, which account for 93% of world GDP and 88% of net global FDI flows.

Key Points: 
  • The comprehensive report analyses 79 jurisdictions, which account for 93% of world GDP and 88% of net global FDI flows.
  • These indicators matter both to firms investing in a country and to local firms and entrepreneurs trying to build businesses.
  • As far as the UK is concerned, it is still seen as a jurisdiction relatively easy to operate in.
  • Furthermore, post-Brexit, some businesses have re-located their headquarters out of the UK due to high costs and complex hiring requirements, adding more complexity.