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The milk quota was introduced in the 1980s in response to surplus production and acts to maintain dairy prices plummeting. The measure is crucial to famers in poorer regions of Europe who rely on the market stability the quota brings. In 2015, the European Union will abolish the milk quota, sparking concerns that the move would open the door to market instability. “After the quota, there will be a tremendous impact in market. The volatility of milk price is high already, but when the quota ends, the volatility will increase further,” Paolo de Castro, chair of the European Parliament’s agriculture committee told CNBC. But five member states including Germany and Cyprus were fined a total of 46 million euros on Tuesday for exceeding their milk quotas, casting doubts over the Commission’s hopes of calm in the dairy market after the quota rules end. Agricultural experts said that the quota could be holding back production in some countries and a boost in milk production is possible after it has ended. Removing the quota in countries that have already exceeded the cap is going to help increase the supply of milk, Professor Jeremy Franks from Newcastle University’s School of Agriculture told CNBC, adding that it is “holding back production”. The scrapping of the milk production limit comes as the Common Agricultural Policy, which provides help to farmers across the continent, undergoes sweeping reform. “Areas of higher costs and more disadvantaged places, are likely to reduce production, therefore there will be winners and loser across EU,” he told CNBC. Renwick said milk prices are likely to fall with the boost in milk production after the 2015 quota lift, but global prices will play a big role. ) “What has been happening in recent years is that EU price has been closely linked to world price. With the opening up in markets and reduced use of price support, the EU is closer to world market.” While the increased milk supply could push down prices, Renwick said price cuts may not be passed on to consumers as companies bag the extra profit.

How Central Eastern Europe Is Transforming From Outsourcing To A Real Tech Hub

And the shutdown has little direct impact on specific transatlantic relations. But it does add to a sense in Europe that the US is bogged down and focused elsewhere, even as discontent over governance is equallydiscernible on both sides of the Atlantic. RECOMMENDED: Think you know Europe? Take our geography quiz. It fuels an already confused debate when it comes to the future of transatlantic relations, says Ian Lesser, senior director for foreign and security policy at the German Marshall Fund of the United States in Brussels. Europe is already worried that the US is pivoting to Asia, and what this would mean for European strategic interests…. [The shutdown] will also reinforce existing European anxieties about a more inward-looking, less activist US. The Obama administration has acknowledged the global impact of the shutdown. It does have an effect on our relationships around the world and it cuts straight to the obvious question: can you rely on the United States as a reliable partner to fulfill its commitments to its allies? Defense Secretary Chuck Hagel said to reporters this week. It does cast a very significant pall over America’s credibility to our allies when this kind of thing happens. A loss of confidence in the US? While a long-term shutdown would impact the global economy and thus Europe, it doesn’t directly mar transatlantic policies, such as the trade agreement negotiations that are underway. But it is the expression of a deeper problem of failed checks and balances that will impact American ties with Europe, says Josef Braml, a transatlantic expert at the German Council on Foreign Relations in Berlin. If the superpower has no room to maneuver, it will have to shift burdens to foes and friends, he says, which will then create a wedge. “We already see it in security policy, Dr. Braml says, especially the waning US commitment to NATO and its focus on Asia.

Today there are hundreds of startups in Estonia, a country of 1.3 million, working to gain market traction. The Central Eastern European region is still waiting for such a boost. Challenges in the region One of the biggest challenge of the region is a conservative mentality that is adverse to risk. As Stephane Gantchev, Venture Partner of LAUNCHub said. Lots of people are teased by a secure job in a big tech company instead of chasing their dreams and founding a startup. We need more education in entrepreneurship, customer development, digital sales and marketing, pitching. Andreas Tschas, the Co-Founder of Pioneers Festival, one of the biggest entrepreneurial festival in the region also addressed the lack of role models. The scarcity of entrepreneurial experience is definitely one big challenge. There are still very few serial entrepreneurs who made an exit and who are investing back into the region with their money and their knowledge. Another difficulty is caused by the geographical distance from main tech hubs that offer high value added resources (investors, clients, mentors, advisors) that help startups develop products better and faster, while increasing their valuation. As Ivan Burazin, entrepreneur, organizer of Shift Split said, in places like Silicon Valley you can as easily get into contact with potential investors, clients mentors and advisors that could potentially help grow your product faster and better. Maxim Gurvits, an early stage VC with Teres Capital says, I think this is the biggest problem in getting to and establishing Product Market fit. Once beyond that stage, most CEE startups do well, but getting to that stage in the absence of an ecosystem is hard.Operating in markets remote from tech hubs can greatly undermine this. Erno Duda, serial entrepreneur from Hungary and CEO of Solvo Biotechnology as well as President of Hungarian Biotechnological Association, emphasized the challenges that investors face. According to Duda, venture capitalists should involve entrepreneurs as advisers or partners to help them build successful companies.However, most investors in the region have private equity or investment banking backgrounds, without any hands-on experience building companies. The result is that they avoid risk and have limited knowledge of how to help entrepreneurs build successful companies. The journey towards a tech hub Most successful startups coming from the region have their development center somewhere in CEE and are doing business development in the U.S.

Europe’s Biggest Under-Achieving Clubs Featuring AC Milan, Dinamo Kyiv, Schalke


Kyiv have won one from their last four and are under pressure to improve, quickly. 7. AC Milan Dean Mouhtaropoulos/Getty Images It really could have been worse for AC Milan, but they rise two places in our standings this week after taking four points from two games. A 3-1 defeat last Wednesday night was somehow turned around to a 3-3 draw in the final stages of the game against Bologna, with Robinho and Ignazio Abate both scoring in the 90th minute to salvage a point. At the weekend, a narrow 1-0 win over bottom-three side Sampdoria was Milan’s first win in four, and it lifted them into the top half of the table. Even so, they’re already 10 points off pace-setters AS Roma and it even looks a long way back to the top three at this point. Then again, their ability to take points late in games has been key this season, and they’ll hope that soon enough that resilience pays off in a big way to turn their form around. 6. Sevilla Denis Doyle/Getty Images Sevilla are our biggest movers of the week, rising from bottom spot last time out to sixth, thanks to a hugeand hugely important4-1 win over Rayo Vallecano. Ivan Rakitic was the main man as he struck twice for Sevilla, as did Carlos Bacca late on, to seal Sevilla’s first win of their La Liga season and leave Rayo on the bottom of the league table in their place. Unai Emery’s men followed that result up with a 1-1 draw at Real Sociedad, though they gave away an early lead in that game and ended up with 10 men. Sevilla are up to 14th and will hope that these two results are a catalyst for improving their season after such a dreadful beginning to the campaign. They face Almeria next, who are the last remaining side in Spain’s top flight without a win.