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We offer you a unique and expert one point of contact intended for the foreign company that wants to operate with or within the EU. Exporting to the EU creates many challenges that can be overcome with proper local EU representation, knowledge and support based on our expert and long experience.

KORENA SPRL exists for over 10 years and is based in the capital of Europe, Brussels (Belgium). We offer you standard and tailored made services and information. These include but are not limited to fiscal representation, VAT issues and recuperation, distribution, supply chain, marketing, quality assurances and much more.
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EUROPEAN BUSINESS NEWS

Commission proposes to open negotiations for an investment agreement with China

Commission proposes to open negotiations for an investment agreement with China

Recessions Hurt, but ‘Austerity Kills’: Author

An international study on recessions and governments' responses to them has found that cuts to healthcare systems are making matters far worse - for both governments and society.

Japan’s Monetary Policy a ‘Big Experiment’

Japan is in the middle of a "big monetary experiment," said a member of the Bank of England's Monetary Policy Committee.

Euro Zone Slump Eases but New Orders Dry Up

The downturn across euro zone businesses eased this month, although a dearth of new orders means the bloc's economy is likely to contract again.

Europe Is Still in a Downturn: Economist

Rob Dobson, senior economist at Markit, tells CNBC that the key take away from the Eurozone PMIs is that we are still in a downturn.

Europe Is Still in a Downturn: Economist

Rob Dobson, senior economist at Markit, tells CNBC that the key take away from the Eurozone PMIs is that we are still in a downturn.

Lagarde Faces Questioning Over Misuse of Public Funds

International Monetary Fund chief Christine Lagarde has arrived at a French court where she is due to be questioned over her involvement in an arbitration payment made to a billionaire.

Croatia VAT regime prepares for European Union membership

Croatia is set to become the 28 member of the European Union on 1 July 2013.  The VAT regime is starting to change in preparation for its accession.

Croatian VAT changes include:

  • Imports and exports between Croatia and other EU member states will be re-categorised at acquisitions and dispatches, respectively.  The EU VAT rate on such movements will be zero rated, as an intra-community supplies.
  • EU companies selling goods over the internet to Croatian consumers will need to register in Croatia as a non-resident trader if their sales exceed the e-commerce EU VAT threshold of HRK 270,000 (approx. €35,000 per annum).  Non-EU companies will have to register immediately.
  • In a significant concession, goods imported into Croatia from outside of the EU and then sent onto other EU member states will be exempt from Croatian import VAT
  • VAT on services to non-Croatian companies will shift to the location of the customer, therefore reducing any Croatian VAT charge.
  • VAT returns must be submitted on the 20th of the month following the month end, along with an annual VAT return at the end of February following the year end.
  • The Croatian VAT refund system for EU companies will be improved to follow the EU rules.

 

More changes will be coming in the forthcoming months as the VAT Law is finalised.

The post Croatia VAT regime prepares for European Union membership appeared first on VAT Live.

Grexit No Longer Likely, Says Man Who Coined Phrase

The economist who coined the term "Grexit" says the possibility of Greece exiting the euro zone has receded "markedly", reversing predictions he made in July.

Why the Correction Will Be Short-Lived

Manoj Ladwa, head of trading at TJM Partners, explains that the current profit-taking should be very short-lived as there is still "a lot of retail money" waiting to come in.

European Market Opens Sharply Lower

European shares opened sharply lower on Thursday, ahead of flash manufacturing and services data from the euro zone.

IMF Chief Under Investigation in France

CNBC's correspondent, Stephane Pedrazzi, reports from Paris where IMF chief Christine Lagarde is being questioned for a role in a dispute when she was French finance minister in 2007.

IMF Chief Under Investigation in France

CNBC's correspondent, Stephane Pedrazzi, reports from Paris where IMF chief Christine Lagarde is being questioned for a role in a dispute when she was French finance minister in 2007.

‘Huge Milestone’ Has Been Passed: Aveva CEO

Richard Longdon, CEO of Aveva, says he is very confident about the short-term outlook as the Enterprise Solution segment has started to make a profit and its new 3D business is already profitable.

ECB Can Expand Its Tools to Fight Crisis: Official

The European Central Bank could expand its policy toolkit if needed to battle deflation risks.