Global businesses are showing resilience amid geopolitical tensions and supply chain disruptions, buoyed by a shift towards accommodative global monetary policies.
Today, an industry coalition of 24 associations, including FEBIS, from multiple sectors issued a joint statement on the application of the General Data Protection Regulation (GDPR).
Paper-based invoices are losing ground to electronic invoices. The switch to eInvoices is bringing about significant changes for the seller and buyer alike.
In Q1 2024, the global economy improves slightly from previous years marked by pandemic, Russia-Ukraine conflict, and US banking crisis. However, US activity slows down, with emerging countries driving growth.
The Payment Study, published with data up to 31 December 2023 is aimed at outlining the international picture of payment practices, with particular focus to the scenario due to the actual geopolitical crisis.
The current economic scenario is particularly under pressure mainly due to several conflicts that they’re now at the regional level but with a real risk of worldwide escalation.
Economic development in Europe lost significant momentum in 2023. According to estimates by the EU Commission, the economic area recorded only minimal growth and a weak economic situation overall.