Month: <span>March 2018</span>

Situated right in the middle of mainland Europe, Slovakia has enormous growth potential and can offer a great Central and European base for any business.

There are more than 100 UK owned companies operating in Slovakia, including include BAE Systems, GlaxoSmithKline, Provident Financial, Shell, and Tate and Lyle. And Tesco not only Slovakia’s top retailer, it is one of the country’s main employers.

If you want to join this growing list, here’s everything you need to know about exporting to Slovakia.

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If you regularly make online payments, whether for goods or services, you’ll need to watch out for the latest technique fraudsters are using to get their hands on your money – push payment fraud.

Fugures from UK Finance, the banking trade body, have revealed that £236 million was lost to push payment fraud, with banks unable to return nearly three-quarters (74%) of the lost money.

In the vast majority of cases (88%) it was individual consumers who were conned out of their money, with an average loss of £2,784. The remaining cases were made up of businesses, who lost an average of £24,335 each.

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Although Russia only ever seems to be in the news for all the wrong reasons – from allegations of meddling in elections to poisoning ex-spies – but there are very strong trade links between the UK and Russia – with goods and service exports worth around £7.6 billion to the UK.

The Top UK exports include:

  • Engineering products
  • Pharmaceuticals
  • Chemicals
  • Consumer goods
  • Education

Even so, the UK’s share of the Russian import market is behind France, Germany and Italy, so if you want to help boost the UK’s profile over there, here’s everything you need to know about exporting to Russia.

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The UK’s place in a customs union seems to be the biggest test facing those in charge of the Brexit negotiations – while the most hardline Brexiters seem to want the UK to cut all ties with the EU, Michel Barnier, the EU’s chief negotiator, has conceded that border checks within the UK may be necessary in the future as Brussels published a draft withdrawal agreement under which the Northern Ireland would effectively stay in the single market and customs union after Brexit.

But what is a customs union, and why does it matter?

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