After a lot of companies cancelled their business trips last year because of COVID-19, 2021 will be the year to restart international projects. Sadly, however, travelling for business will never be the same. The ongoing change is perhaps best illustrated by an example of a project of one of our clients in Israel.
Multiple countries are reopening their airspace for international flights, despite the continuous growth of the number of daily new COVID-19 cases. This provides ample opportunities for companies to ensure business
Commercial flights are picking up pace again, although the availability of flights remains lower than before the COVID-19 pandemic. The number of flights has more than doubled since its low point in March. This means that business travel has become possible again in large parts of the world.
The impact of the COVID-19 pandemic on international business operations has been enormous. As governments implemented entry restrictions and curbed internal freedom of movement, conducting international business became extremely challenging. Unable to navigate through the complex regulations, many companies scaled down or temporarily cancelled their operations. Although the virus will not disappear anytime soon, business...
Lebanon is facing its worst economic crisis. The country’s unemployment rate has risen above 30% and the currency has lost 80% of its value since October. This has had detrimental effects on Lebanese youth’ prospects. As a result, there have been widespread and violent protests which have elevated the security risk environment. In order to...
When looking at the countries across the globe that have been worst hit by the COVID-19 pandemic, we tend to focus on the number of confirmed cases in a country. While using this unit of measurement provides a good indication of the severity of a country’s crisis, it does not paint a complete picture. If...
On May 13, the Ukrainian parliament adopted an important anticorruption bill that opens up the door for a much needed IMF loan by reforming the banking sector. The IMF loan will be crucial for Ukraine to meet its debt obligations this year and deal with the economic impact of COVID-19. Besides corruption, the country faces...
States are imposing extraordinary travel restrictions to limit the spread of the coronavirus. In the last couple of days, the world has fragmented into national islands. In a majority of the countries, travellers (apart from their own citizens) are barred, either directly or indirectly. Nonetheless, whereas the movement of people has been restricted, the trading...
After last week’s OPEC+ meeting failed to reach an agreement, an oil-war has been started. Although Saudi Arabia has low production costs, its government is highly reliant on oil revenues facing budget cuts. The US faces opposite challenges, where private producers have relatively high costs, the government is not reliant on oil revenue. Russia has...
