Category: Voice of others
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Effects of the Hormuz crisis on Balkan tourism
The crisis has led to a demand freeze and increased cancellations in tourism, impacting regions like the Balkans, despite their distance from conflict zones. Air traffic disruptions and rising costs have made travel difficult. However, the Balkan may benefit as tourists seek safer destinations, contingent on rapid industry responses.
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2026: A Year of Truth for the Luxembourg Economy
Luxembourg faces significant economic challenges due to competition from the U.S. and China, which attract talent and capital. With sluggish growth and declining productivity, the nation risks vulnerabilities in its open economic model. Prime Minister Luc Frieden plans to enhance competitiveness in 2026. The Economic chamber proposes corporate tax reductions…
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Can Macedonia withstand another crisis?
The article by the leading Macedonian business journalist examines the countries response to ongoing financial, health, and energy crises over the past two decades, highlighting a pattern of inept management and rising public debt. It outlines the potential repercussions of a new crisis stemming from geopolitical tensions in Iran, predicting…
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Trade policy uncertainty slows investment
A Eurochambres analysis reveals that trade policy uncertainty, including tariffs and protectionism, significantly harms European investments, especially in export-oriented countries. The negative impact intensifies over time, jeopardizing growth and competitiveness. Eurochambres urges EU policymakers to enhance trade agreements while addressing regulatory burdens to create more favorable business conditions.
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Tourism as silent diplomacy
Vlatko Sulev, President of NAITM, emphasizes the potential of tourism as a unifying force in a region burdened by historical divides. By fostering encounters and breaking stereotypes, tourism can promote economic growth while enhancing quality of life. Sulev advocates for an open Macedonia, believing that simple interactions can bridge gaps…
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Belgium experiences a Transfer Pricing audit wave
Belgium’s tax authorities collected EUR 1.1bn from transfer pricing assessments in 2024, demonstrating threefold efficiency compared to the UK. Utilizing data mining and mandatory yearly submissions of Local and Master Files, Belgium is positioned for effective audits. The future of transfer pricing may lean towards quantitative analysis, yet qualitative narratives…