Austrian Foreign Minister Michael Spindelegger announced that a regional forum of the World Economic Forum will be held in Vienna at the beginning of July 2011. Eastern Europe and Asia will be the focus of the forum which should gather about 50 participants, including heads of state and government, as well as economic and civil society representatives, Spindelegger stated at the margins of the World Economic Forum in Davos, Switzerland.
Posts Tagged ‘Eastern Europe’
DHL Express – Corporate moves
Roger Crook has been appointed CEO, Asia/Pacific, Eastern Europe and Middle East regions (APEM) wef Jan 1
Work experience: COO, Global Customer Logistics Express group and Global Customer Solutions division; country manager/commercial director, Global, Europe, the Middle East and Africa, DHL Express
Standard & Poor’s: “The Double Dip [In Housing] is Almost Here”
MarketWatch writes today: The non-seasonally-adjusted S&P/Case-Shiller 20-city composite home-price index fell 1.3% on a monthly basis and 0.8% on an annual basis in October. Economists polled by Dow Jones Newswires had expected a 0.6% decline i…
The “Current Housing Recession is Rivaling the Great Depression’s Real Estate Downturn [and] Will Easily Eclipse It In the Coming Months”
Zillow’s Stan Humphries said:The length and depth of the current housing recession is rivaling the Great Depression’s real estate downturn, and, with encouraging signs fading, will easily eclipse it in the coming months.During the Great Depression,…
Angelina Jolie Bosnia Film Controversy
Angelina Jolie has hit a bump in the road regarding her new flick in Bosnia. The Oscar winner has questioned the Bosnian government’s decision to withdraw her film permit, claiming the movie was based on false rumours about the premise of the movie. The yet-to-be-titled film is set in Bosnia on the eve of the [...]
Mermaid Maritime Public Co – Corporate moves
Stephen William Davey has been appointed ED wef Sep 16
Work experience: Independent strategy consultant, United Kingdom & Eastern Europe; commercial director, CTC Marine Projects Ltd, United Kingdom
Police cooperation conference in Austria
Serbian Interior Minister Ivica DaÄić will attend the Salzburg Forum ministerial conference today. The gathering will discuss police partnership in Eastern Europe on Friday and Saturday.
“The Debt†Trailer [Starring Sam Worthington & Helen Mirren]
Check out Sam Worthington and Helen Mirren’s new thriller The Debt. Worthington and Mirren star in the story of Rachel Singer, “a former Mossad agent who endeavored to capture and bring to trial a notorious Nazi war criminal-the Surgeon of Birkenau-in a secret Israeli mission that ended with his death on the streets of East Berlin. [...]
Peat bog fires near Chernobyl site
The sight of smouldering peat bogs just 60 kilometres from Chernobyl has increased fears of a nuclear threat from wildfires in Eastern Europe. Forests in Ukraine, like Russia, have been burning in a sweltering heatwave. And the proximity of this particular fire to the site of the world’s worst civilian nuclear disaster is giving cause for concern.
Clinton heads to Georgia
U.S. Secretary of State Hilary Clinton heads to Georgia on the last leg of a five-day tour of Eastern Europe and the Caucasus.
Clinton was welcomed at Tbilisi airport by Foreign Minister Grigol Vashadze.
HP Introduces Automation of Services and Offshore Business Initiative
The representative of Hewlett-Packard announced on Wednesday that the company is planning to reduce its costs. It plans to make its services fully automated and move its enterprises to offshore locations where its expenses will be considerably cut. According to Hewlett-Packard’s vice president Robb Rasmussen, it will also be efficient to introduce automation and personnel [...]
New life for an old car site
Always a slightly poignant moment for me going up to what was once colloquially known locally as ‘The Austin’ – now MG Motor UK and formerly Austin of England, British Motor Corporation, British Leyland, etc, etc at Longbridge, on the southern outskirts of Birmingham.
I know all that because, for an enjoyable short while, I took the PR shilling, working for an an associated but independent museum full of mostly British Leyland ‘classic’ cars and prototypes and a vast archive from which one could, if one wished, obtain such details as how many Austin A40s were produced in 1948. And exported to markets including the US by post-war Austerity Britain workers encouraged by posters saying “The Ships Are Waiting”.
It was to Longbridge, with its miles of conveyors, sleek painted bodies silently creeping along underground tunnels to final assembly, and innovative pre-prepared component sets for each car on the final line that companies like Datsun (now Nissan) of Japan came to admire, be amazed and secure licences to build the A40 in Yokohama. You know the rest…
All this is now in the past. Vast areas of the complex formed by one Herbert Austin from a former tin printing plant way back in the day were bulldozed under BMW ownership, much more was sold off and leased off under Phoenix. Today, even the vast body shop across the main road, a robotised marvel when opened about 1980 to build the Mini Metro, and its long, enclosed conveyor over the A38 highway to the paint shops, is but a distant memory, the ground now levelled and ready to receive housing, offices and a shopping ‘destination’, the fate of many once-proud assembly plants in the west - as new greenfield facilities rise in the east.
Today Longbridge is but a corner of the once-vast site, a mothballed paint shop, busy design and development centre and associated offices, and an assembly hall stitching together semi knocked-down kits shipped in from China.
Yet, though much of the manufacturing – and the skilled, if monotonous, assembly jobs that went with it – is gone from the UK (also RIP Rootes/Chrysler/PSA Linwood and Coventry; British Leyland Speke, Leyland Trucks Bathgate, et al; and I also fear for the famous Vauxhall site at Luton after 2013), the British motor industry is not dead, just smaller and different.
We might no longer make Ford cars here but we still make their diesel engines and petrol ones for BMW; that company’s Mini, GM Vauxhall, Jaguar, Land Rover, Toyota, Honda and Nissan all have car assembly plants whose quality is comparable with anywhere abroad. All foreign-owned now, of course, but still providing many local jobs, valuable tax and local community revenue, business for suppliers, training and skills. We’re in a global economy and every new assembly job has to be pitched for and won, against tough competition abroad.
Assembly can now be done virtually anywhere. Eastern Europe, China, India, Russia, Thailand. None were on the automaking map when Longbridge, and Detroit, were at their best. What is setting the UK apart is our design and development expertise. Who helped Nanjing move engine production to China and adapt an old Rover car design for local production, using local suppliers? Ricardo Consultants 2010, a British company now absorbed into SAIC’s MG Motor UK design centre. Where are many F1 race cars designed, developed and tested? Here. Where are the world renowned MIRA and Millbrook vehicle development centres? Here.
That is the future. Design and develop here. Assemble somewhere else, lower-cost. As an old consumer motoring writer I know used to say: “The only thing certain is change.”
None of that brings back the tens of thousands of auto manufacturing jobs lost over here in the last three decades or so. But it has opened up thousands of opportunities for well educated engineers and designers graduating from the likes of Coventry University’s acclaimed auto designer’s course, one of whom recently styled a 2020 MG for SAIC to show off worldwide.
And there are still many skilled hands left in the business. Witness the flexible, multi-tasking line workers at the volume makers, the leather, wood and aluminium trim magicians at Aston Martin, Jaguar, Land Rover, Bentley and Rolls-Royce.
That at least should give the ghosts of Longbridge something to smile about as the builders hammer away.
SBP Governor resigns
ISLAMABAD (APP) – Governor State Bank of Pakistan (SBP) Syed Salim Raza has submitted his resignation effective from May 6, citing personal reasons.
The President of Pakistan Asif Ali Zardari, on the advice of the Prime Minister Syed Yousuf Raza Gilani, has accepted the resignation of Syed Salim Raza, allowing Yaseen Anwar, Deputy SBP Governor, to temporarily work as Governor, said a Press release issued here late Wednesday night.
The Government would like to place on record its acknowledgement of the meritorious service rendered to the country by Salim Raza as the Governor of State Bank of Pakistan and wishes him the very best in his future life and career.
Monitoring Desk adds: Salim Raza, who took charge of the SBP top slot in January 2009, was to retire from his office in February 2012, but he quit early, reported a private TV channel.
Prior to this post, Salim Raza was the Chief Executive Officer of Pakistan Business Council (PBC) since February 2006. He was the 15th Governor of the State Bank. He had been with the Citibank in various positions that included Country and Regional Management across the Middle East, Africa and the UK, Central and Eastern Europe, based in London from 1989 to 2006.
An unfinished revolution
Public life in the ex-communist world is again run by a well-connected elite. But things may be starting to change
The Europe.view column will henceforth appear as a weekly posting at Eastern Approaches, The Economist’s central and eastern Europe blog.
IN THE communist era, the countries of eastern and central Europe were run by tightly knit clans. Connections, particularly those of your parents, mattered more than ability. The same kind of people held the top jobs in the ruling party, in government, in media and in commerce and industry. One of the most potent fuels for the revolutions of 1989 was public discontent with this closed system and the unfairness and incompetence that went along with it. …
The Second Leg of the Great Depression Was Caused by European Defaults
Many Americans know that the Great Depression was started by the bursting of the giant Wall Street bubble of the 1920′s (fueled by the use of bank deposits on speculative gambling, which is why Glass-Steagall was passed) , which in turn caused a run o…
Cupertino’s cold warriors
What has Apple got against eastern Europe?
WHAT have the following places got in common?
America, Australia, Austria, Belgium, Brazil, Britain, Canada, Denmark, Finland, Germany, France, Hong Kong, Indonesia, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, Norway, the Philippines, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Thailand, Vietnam. …
No Wonder the Eurozone is Imploding
You might assume that the reason for the implosion in the Eurozone is a mystery. But it’s not.There Wouldn’t Be a Crisis Among Nations If Banks’ Toxic Gambling Debts Hadn’t Been Assumed by the World’s Central BanksThere wouldn’t be a crisis among natio…
Planes, trains and extortionate taxis
Roaming around eastern Europe under a volcanic ash cloud
IT IS never a waste of time to visit the capital of Galicia, which in Latin is called Leopolis (literally, Lion City). But you can waste a lot of time rowing about the name. In the Austro-Hungarian empire the city’s name was Lemberg. It was commonly known as that in the English-speaking world too (it is named thus in a Baedeker travel guide, belonging to your diarist’s great-aunt, who travelled in those parts more than a century ago).
In pre-war Poland it became Lwow (pronounced Ler-voof) and to this day many Poles still use that name. Indeed, they can get quite cross if you call it anything else. Even after the historical reconciliation with Lithuania and Ukraine in recent years, the loss, in 1945, of Poland’s eastern provinces, and particularly the great cities of Wilno (now Vilnius) and Lwow, still rankles. Under Soviet rule, the city usually went by the Russian name of Lvov; in independent Ukraine it is Lviv (or L’viv if you insist on the “soft sign”, which turns the “l” into something closer to a “lyuh”). You can pronounce it “Lyuh-veef” or “Lyuh-vyoo”, depending on which kind of Ukrainian you speak. …
Dalai Lama expresses grief over death of Polish president
Tibetan spiritual leader the Dalai Lama has expressed sorrow over the death of Polish President Lech Kaczynski in an air crash in Russia last week. Kaczynski was an admirer of the Dalai Lama and had met him a number of times.
“In a letter to Polish Prime Minister Donald Tusk April 10, His Holiness the Dalai [...]
In Memoriam: Lech Kaczynski
The death of Poland’s president carries a terrible echo of his country’s past
HE WAS a figure from another age. Weekend guests at Lech Kaczynski’s presidential retreat on Poland’s Baltic coast often found the conversation turning to the opposition politics of 1970s Gdansk.
That is indeed a fascinating subject, though not necessarily the most burning one for the head of state of eastern Europe’s most important country nearly 40 years later. Mr Kaczynski, who died along with 95 others, including many of Poland’s military and political elite, in a plane crash in Russia on April 10th, epitomised some of the best and the worst features of Polish politics. …



