Posts
The pandemic did however bring this model to a significant standstill, as many employees relocated back home during Covid or found themselves looking for new roles as global economies were weakened and businesses folded. The required adaptation due to the pandemic has given birth to much greater location flexibility making…
Last week, Chancellor Kwasi Kwarteng announced the largest UK tax cuts in over 50 years sending the Pound into a downward spiral. This combined with significant increase in government borrowing, has seen markets lose confidence in the UK’s economic outlook. Over the weekend and throughout last night, the British Pound…
The cost-of-living crisis is hitting UK businesses, families, and individuals deeply, with the effects only set to worsen as we move into the winter months. The crisis is being caused by a combination of factors, with inflation increasing the price of goods throughout supply chains and on shop shelves around…
Sterling has been on a spiralling downward trend against most currency pairs over the course of recent months. This lack of confidence in the Pound has led it to become the worst performing major currency throughout August, and it is now testing yearly lows against both Euro and Dollar. The…
In Norwegian a Limited Liability Company literally means “a share company” – Aksjeselskap (AS). It is a legal entity and is required to be registered in two of Brønnøysundregistrene in Norway. What do you need to know about setting up an AS in Norway? Expect…. The expected! Norway is a boring…
For businesses that make international payments as part of their core operations, speaking to foreign exchange and payment experts is nothing new. Often a Financial Director or other members of a payments team will have multiple providers on call to give them a quote each and every time they need…
This month saw both the OECD and World Bank make dramatic cuts to their growth forecasts for the world economy in 2022. The OECD is now projecting global growth of 3% for this year, down from its previous estimate of 4.5% made at the end 2021, while The World Bank…
Norway is often the runner-up or winner in various “the best country for” competitions. It is one of the richest countries in Europe and definitely one of the most innovative ones but is Norway really the best country to conduct business activities in? SAFE AND PREDICTABLE Norwegians are well…
Foreign exchange plays a key role for many businesses whether this is for buying raw materials, selling overseas, or seeking foreign investment. While factoring in foreign exchange won’t be new to businesses, other ‘hidden’ costs and pitfalls associated with international payments might come as a surprise. People are sometimes distracted…
For businesses who have known outbound (or inbound) foreign exchange requirements, they will need to include this as part of their budgeting process. This can be difficult as although they may know they require a certain amount of foreign currency over a year they don’t know what the exchange rate…