Over the past few years, Italy’s economy has gone through a recessionary period. A recession is defined as two negative quarters of contraction and is a sharp slow-down in the rate of economic growth. In the final quarter of 2018, Italy’s economy shrank by 0.2% and is the third time the country’s growth has fallen into recession over the last decade.
EORI numbers – or economic operator indicator numbers – are essential for exporters. Based off a company’s VAT number, an exporter needs an EORI in order to complete a Customs Declaration. Till now, UK businesses have not needed to complete such documentation in order to sell into Europe, but this will change with Brexit.
Exports continue to see boosted profits and growth, as a result of the weaker pound post Brexit. Coffee machine manufacturer, Fracino has seen a surge in sales due to it’s… read more →
Trade and export finance are sometimes used interchangeably. However, it is important to explain the distinction and how the terms are used. Trade finance is a term universally… read more →
GBP/EUR approached a two year low this morning with today’s rates not matched since June 2014. The Pound may have suffered from a dip in investor confidence relating to the… read more →