The Conference Board and the Groningen Growth and Development Center conduct an annual survey of labor productivity in various countries. For 2006 Belgium is in third place, thanks in part to high economic growth in especially Flanders. More...
Ghent is currently the European epicenter of biotechnology directed at plants. Major crop protection companies like Bayer, BASF and Monsanto have all set up a research center recently in the Flemish city. More...
Telegraaf Media Group (TMG), the owner of popular Dutch newspaper De Telegraaf, has transferred over EUR 100 million in the last 10 months to its Belgian subsidiary in order to benefit from Belgium’s tax-attractive notional interest deduction (NID). More...
In the 2006 competitivity index, presented by the World Economic Forum, Belgium took twentieth place. Were the score for Flanders to be calculated separately, the region would make the top 5. An astounding result! More...
Sadepan Chimica NV, a division of the Italian concern Gruppo Mauro Saviola, is to receive a EUR 513,702 investment grant from the Flemish Government. The parent company is sinking ca. EUR 12 million into the operating unit in the Flemish city of Genk. More...
The other day Yves Leterme, the Flemish Minister-President, laid the first stone of a new multi-purpose business park on the Siemens site in Herentals. The complex should be operational this autumn. More...
Commencing June 1 next, US Airways (the fifth largest airline in the United States) will offer direct transatlantic flights between Philadelphia and Brussels Airport. More...
The British magazine Tax Business places Flemish-born Ine Lejeune, a business partner at PricewaterhouseCoopers and head of the global indirect tax network, fifth in its international ranking of influential tax specialists. More...
The Belgian Council of Ministers has agreed to introduce ‘fiscal unity’ or VAT grouping as of April 1, 2007. This simplification of VAT rules will make Belgium an even more attractive location for inward investment. More...
Flanders has the reputation of offering foreign investors a favorable tax environment. The latest tax initiative - the new domestic ‘dividend withholding tax’ exemption – will create at least 300 holding companies according to KPMG. More...
Thanks to a new tax-friendly regime, it has become very attractive for multinationals to domicile their pension fund in Belgium. Since January 1, 2007, dividends arising from such pension funds are exempt from tax. More...
Commencing 2008, the Ghent-based Volvo Cars plant will begin production of Volvo’s new compact SUV: the XC60. The model will be marketed by 2009. This confirms Flanders’ reputation as a high-quality automotive region. More...
