The European Union is getting larger and so are the benefits of using Faust Information.
Welcome to a bigger, brighter Europe
May 1st this year will herald a major expansion in the size of Europe as the 15 existing member countries are joined by 10 new ones.
The impact of this change will be significant – both demographically, by adding an additional 75 million people to the EU, and geographically, by increasing the area of the territory by 34%.
As a major provider of directories and business listings across the territory, Faust Information is delighted to be leading the way in embracing the changes brought about by the expansion. We are ideally placed to help your company gear-up for business in what will become the world’s single largest trading area – this page should help answer any initial questions you may have.
Meet the new members
The 10 new EU countries are:
Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia
The benefits to you could be significant
If you trade or plan to trade in Europe, EU expansion could be very good news for your business.
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The elimination of trade and customs barriers will make the transportation of people, goods and capital both quicker and easier.
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The standardisation brought about by a single currency and uniform VAT procedures will simplify financial systems.
- The wider choice of trading partners, economies of scale and expanded market scope is likely to result in an injection of confidence and excitement across the region.