OECD Countries agreed on May 3, 2018 to formally invite Lithuania to become a member of the Organisation, with the signing of an Accession Agreement planned during the upcoming meeting of the OECD Council at ministerial level on May 30-31, 2018 in Paris, France.    Lithuania’s membership will take effect after it has taken the appropriate … More OECD members agree to formally invite Lithuania as 36th member

Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4 %. Growth is set to remain strong in 2018 and ease only slightly in 2019, with growth of 2.3 % and 2.0 % respectively in both the EU and the Euro Area Valdis Dombrovskis, Vice-President … More Spring 2018 EU Economic Forecast – Expansion to continue amid new risks

Four decades of first class service to the textile and plastics industry More than 240 customers, almost 8,500 weaving machines delivered, one globalization-induced structural transformation and a worldwide economic crisis with epicenter in the USA – in its 40 years of existence, the American DORNIER Machinery Corporation (AmDO) has certainly seen both: high points and … More American subsidiary of Lindauer DORNIER turns 40

The demise of the Canadian retail sector has been years in the making, industry expert say. Shortly after Canadian retailer Ben Moss Jewellers closed its large corner store in Metropolis at Metrotown mall in Burnaby, Japanese apparel brand Uniqlo snatched up the space and transformed it into a two-storey shopping haven buzzing with customers. Competition … More Miniso, Uniqlo, Muji usher in a new era in Canadian retail market

Lotte has decided to sell 21 of its stores in the Beijing metropolitan area to a local Chinese retailer named Wumart Stores for 248.5 billion won ($231 million). Lotte Shopping, running the Korean conglomerate’s department stores and discount chains, said Thursday the company’s board members agreed on the plan to sell the Lotte Mart outlets … More Chinese retailer to buy 21 Lotte Marts in Beijing