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BREXIT explained: Life outside the EU


On Dec. 31, 2020, the transition period for the United Kingdom (U.K.) to withdraw from the European Union (EU), otherwise known as „Brexit,” officially came to an end. This marked the end of a years-long process that was overseen by two different Prime Ministe... Więcej »

From Credit Managers for Credit Managers


The Federation of European Credit Management Associations (FECMA) was founded in 1986 promotes the development of the profession of the credit manager around Europe. Among the strong network of institutes and associations, we encourage and promote research, st... Więcej »

BREXIT explained: The road to departure


The UK Government had been promising the electorate a referendum on EU membership for quite some time and though not normally legally binding, an Act of Parliament in 2015 ensured that the Government would fulfil the wishes of voters in the referendum, whateve... Więcej »

BREXIT explained: Why & When


The United Kingdom of Great Britain and Northern Ireland (and including Gibraltar) held a referendum on the 23 June, 2016 which was basically a question of stay in the European Union or leave. Referendums in the UK are rare with elected representatives in Parl... Więcej »

Russian economy after a year with Covid-19


The economic recession caused by the pandemic crisis and related quarantine measures in Russia continues. Today however, the forecast of GDP dynamics by the end of 2020 is much more optimistic than just a few months ago. The peak of economic activity growth oc... Więcej »

Historically high surplus in Poland’s foreign trade


Poland’s foreign trade surplus is strengthening. However, the value of the trade exchange surplus recorded in the second quarter of 2020 is probably a one-off phenomenon, as it was driven by a strong decline in oil prices and a further decline in imports due t... Więcej »