The number of mergers and acquisitions (M&A) taking place between Russian companies and companies located in countries included in the Organisation for Economic Co-Operation and Development (OECD) have come to an almost complete standstill as a result of the latest political events surrounding the crisis in Crimea. In 2015, only 43 M&A transactions took place between Western and Russian businesses, fewer than ever since data collection began. These are the findings of calculations by the Centre for European Economic Research (ZEW) based on the Zephyr database of Bureau van Dijk (BvD).
The latest ZEW-ZEPHYR M&A Index indicates that when it comes to mergers and acquisitions (M&A) involving German companies, things are continuing to go well. In January, the index had a value of 123 points, indicating a dynamic start to 2016. Indeed, 96 transactions took place in January 2016 – more mergers and acquisitions (M&A) have not been achieved in the same period since January 2013. These are the findings of calculations by the Centre for European Economic Research (ZEW) based on the Zephyr database of Bureau van Dijk (BvD).
Economic expectations for Central and Eastern Europe including Turkey (CEE region) have deteriorated in April 2016. In the current survey, the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has decreased by 13.1 points to a level of minus 8.4 points. Among the individual countries, the indicators for the Czech Republic (down by 16.0 points) and Hungary (down by 12.8 points) have seen the largest decreases.
The ZEW Indicator of Economic Sentiment for Germany has increased for the second time in a row in April 2016. The index has gained 6.9 points compared to the previous month, now totaling 11.2 points (long-term average: 24.5 points). "Surprisingly positive economic news from China seems to have improved the sentiment amongst financial market experts. On balance, however, the continued poor growth in China and other important emerging markets continues to be a burden for the German export industry. Furthermore, concern about Great Britain’s possible exit from the EU seems to be having a negative impact", comments Professor Sascha Steffen, Head of the Research Department "International Finance and Financial Management" at ZEW.
The key to competitiveness can be summed up quite simply: More innovation results in greater productivity, and therefore more growth. Research and development, however, are essential drivers of innovation. The critical question therefore is how results from research can be translated into innovations in markets. Carlos Moedas, EU Commissioner for Research, Science and Innovation believes that in the future, innovation will increasingly occur at the points of intersection between various research disciplines.