Gateway to Europe no more?

What do you do if you have a Russian passport, available funds, and want to get long-term travel documents for the Schengen area (the 26 European countries that have abolished passport and immigration controls at their common borders)? For many, over the last three years, the answer has been simple: head to Latvia and make use of its programme of residence permits for foreign investors.

But not for long, perhaps. Immigration legislation is on the agenda, and is the subject of a big poitical debate. Continue reading »

If Chancellor Angela Merkel and Prime Ministers David Cameron and Mario Monti came to Davos this week to convince the world the worst is over for Europe, they’ll get an approving nod from at least one Indian participant: “Kris” Gopalakrishnan, the chairman of IT giant Infosys.

“I’m very optimistic on Europe,” Gopalakrishnan told beyondbrics in Davos. “Europe has some great global businesses, and they seem to be doing much better than the overall economy. At some point, Europe will continue to grow. Continue reading »

While average wages in emerging markets have increased in many countries, especially China, they are still well behind those in developed nations.

But not at the top. Over the last decade, senior salaries in EMs have caught up with those in the west, and in many cases surpassed them, according to a report by management consultancy Hay GroupContinue reading »