Category: european union

A Century of Unions in Europe (1920-2022)


This post is by Avery Koop from Visual Capitalist


the ussr and the eu

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Timeline: A Century of Unions in Europe (1920-2022)

On February 24th, Russia invaded Ukraine launching one of the biggest wars on European soil since World War II. The invasion reflects a longstanding belief of Russia’s that Ukraine—and much of the Soviet Union’s former republics and satellite states—is still their territory to claim. But what is the “former glory” of Russia?

Of the USSR’s former republics and satellite states, many have moved on to join the European Union, and in Putin’s eyes have become more “Westernized” and further from Russian values. In fact, Ukraine recently had its candidacy status approved with the EU.

It’s now been a full century since the formation of the USSR. Much has changed since then, and this visual timeline breaks down how countries within and near Europe have aligned themselves over those 100 years.

ℹ In the above visual, Soviet satellite states are not shown as a part of the USSR, as they were never formal republics. Candidate countries still in process to join the EU are not shown.

The USSR (Read more...)

Visualizing the EU’s Energy Dependency


This post is by Marcus Lu from Visual Capitalist


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EU Energy Dependency

Visualizing the EU’s Energy Dependency

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In response to Russia’s 2022 invasion of Ukraine, the U.S. and EU have imposed heavy sanctions aimed at crippling the Russian economy. However, these bold actions also come with some potentially messy complications: Russia is not only one of the world’s largest exporters of energy products, but it is also Europe’s biggest supplier of these fuels.

As of October 2021, Russia supplied 25% of all oil imported by the EU, which is three times more than the second-largest trade partner. Naturally, the policies and circumstances that have led to this dependency have been under major scrutiny in recent weeks.

To help you learn more, this infographic visualizes energy data from Eurostat.

Energy Dependency, by Country

To start, let’s compare the energy dependence of each EU member, both in 2000 and 2020 (the latest year available). This metric shows the extent to which a country relies upon imports to meet its energy needs.

Note that Denmark’s value of -35.9% for the year 2000 is not a typo. Rather, it means that the country was a net exporter of energy.

Country20002020
?? Austria65.5%58.3%
?? Belgium78.2%78.0%
?? Bulgaria46.4%37.9%
?? Croatia48.5%53.6%
?? Cyprus98.6%93.1%
?? Czechia22.7%38.9%
?? Denmark-35.9%44.9%
?? Estonia34.0%10.6%
?? Finland (Read more...)

A Visual Guide to Europe’s Member States


This post is by Anshool Deshmukh from Visual Capitalist


Map of Europe's member states

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Who are Europe’s Member States?

With Ukraine’s recent bid to join the European Union (EU), the current status of Europe’s member states is back in the fray.

The European member states are countries mainly in Europe, and three outside, that are part of one or more of the four major treaty groups, namely the European Union (EU), NATO, Schengen, and eurozone.

Each of these institutions governs a different aspect of the region’s infrastructure.

Let’s take a look at each of them.

European Union

The European Union (EU) is a unique economic and political union between 27 European countries.

First created as the European Economic Community in the aftermath of WW2, the organization’s main focus was to foster economic cooperation. The idea was simple: countries that trade with one another and become economically interdependent are more likely to avoid conflict.

Beginning with six countries in 1958, the European Economic Community has since added 21 more countries (the UK left the EU in 2020), with a primary focus on single or internal markets.

Here are the (Read more...)

Tanso nabs $1.9M pre-seed to help industrial manufacturers do sustainability reporting



The climate crisis is creating massive demand for data capture as industries grapple with how to decarbonize. Put simply, you can’t cut your carbon emissions if don’t know what they are in the first place.

This need to gather data is a big opportunity for startups — and a wave of early companies have already been founded to try to plug the sustainability data gap, through things like APIs to assess emissions for carbon offsetting (which in turn has led to other startups trying to tackle the data gap around offsetting projects…).

One thing is clear: Requirements for sustainability reporting are only going to get broader and deeper from here on in.

Munich-based Tanso is an early stage startup (founded this year) that’s building software to support sustainability reporting for a particular sector (industrial manufacturers) — with the goal of creating a data management system that can automate data capture and sustainability reporting geared towards the specific needs of the sector.

The startup says it decided to focus on industrial manufacturing because it’s both an emissions-heavy sector and underserved with supportive digital tech vs many other industries.

The founders met during their studies at universities in Munich and Zurich — where they’d been researching the assessment of organizational climate impact. Their collective expertise crystalized into the realization of a business opportunity to build a data management system for a notoriously polluting sector that’s facing a mandate to change.

In the coming years, European regulations will expand sustainability reporting requirements (Read more...)

Israel’s DiA gets $14M to expand AI-driven ultrasound analysis



Israel-based AI healthtech company, DiA Imaging Analysis, which is using deep learning and machine learning to automate analysis of ultrasound scans, has closed a $14 million Series B round of funding.

Backers in the growth round, which comes three years after DiA last raised, include new investors Alchimia Ventures, Downing Ventures, ICON Fund, Philips and XTX Ventures — with existing investors also participating including CE Ventures, Connecticut Innovations, Defta Partners, Mindset Ventures, and Dr Shmuel Cabilly. In total, it’s taken in $25M to date.

The latest financing will go on expanding its product range and going after new and expanded partnerships with ultrasound vendors, PACS/Healthcare IT companies, resellers, and distributors while continuing to build out its presence across three regional markets.

The healthtech company sells AI-powered support software to clinicians and healthcare professionals to help them capture and analyze ultrasound imagery — a process which, when done manually, requires human expertise to visually interpret scan data. So DiA touts its AI technology as “taking the subjectivity out of the manual and visual estimation processes being performed today”.

It has trained AIs to assess ultrasound imagery so as to automatically hone in on key details or identify abnormalities — offering a range of products targeted at different clinical requirements associated with ultrasound analysis, including several focused on the heart (where its software can, for example, be used to measure and analyze aspects like ejection fraction; right ventricle size and function; plus perform detection assistance for coronary disease, among other offerings).

(Read more...)

Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America



Merqueo, which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding.

IDC Ventures, Digital Bridge and IDB Invest co-led the round, which also included participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and previous shareholders. The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception.

Merqueo CEO and co-founder Miguel McAllister knows a thing or two about the delivery space in Latin America, having also co-founded Domicilios.com, a Latin American food delivery company that was bought by Berlin-based Delivery Hero and later merged with Brazil’s iFood.

McAllister describes Merqueo as a “pure-play online supermarket with a fully integrated grocery delivery service” that sources directly from large brands and local suppliers, bypassing intermediaries and “delivering directly from its dark store network.” (Dark stores are traditional retail stores that have been converted to local fulfillment centers.”

Merqueo offers more than 8,000 products, including fresh foods, packaged goods, home essentials, beverages and frozen products. It currently operates in more than 25 cities in Colombia, Mexico and Brazil and has over 600,000 users.

Image Credits: Merqueo

It must be doing something right. The startup is close to $100 million in “run-rate revenue,” according to McAllister, having grown more than 2.5x in 2020. Merqueo also reached positive cash flow in Colombia, its most mature market. Over the last year, large Latin American retail chains and retailers have approached the company about potentially (Read more...)

China Displaces U.S. as the EU’s Largest Trade Partner


This post is by Aran Ali from Visual Capitalist


EU-China-Trade-Main

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The Briefing

  • In a pandemic year, the U.S. has lost out as the EU’s top trading partner
  • The EU trade relationship with China has grown towards €586B ($709B) in 2020, compared to €554B ($671B) with the U.S.

How China Became the Largest EU Trade Partner

Historically, America has long been the EU’s top country to trade with, but in 2020, that trend came to a screeching halt.

A $26.7 billion boost for Chinese imports, in addition to a $5.3 billion increase in EU exports, has resulted in China officially becoming the EU’s largest trade partner.

This data looks at a decade of growing trade between the EU and China.

YearImports from China ($B)Exports to China ($B)Total Trade Value ($B)
2020463.9245.1709.1
2019437.1239.9677.2
2018477.5253.9731.6
2017454.2239.0693.3
2016426.2205.3631.6
2015424.2206.0630.3
2014366.0199.2565.3
2013338.8179.3518.1
2012352.8174.2527.1
2011356.7165.0521.8
2010343.1137.2480.4

Playing Catch Up

Displacing the U.S. as a trade partner (Read more...)

Swiss Post acquires e2e encrypted cloud services provider, Tresorit



Swiss Post, the former state-owned mail delivery firm which became a private limited company in 2013, diversifying into logistics, finance, transport and more (including dabbling in drone delivery) while retaining its role as Switzerland’s national postal service, has acquired a majority stake in Swiss-Hungarian startup Tresorit, an early European pioneer in end-to-end-encrypted cloud services.

Terms of the acquisition are not being disclosed. But Swiss Post’s income has been falling in recent years, as (snailmail) letter volumes continue to decline. And a 2019 missive warned its business needed to find new sources of income.

Tresorit, meanwhile, last raised back in 2018 — when it announced an €11.5M Series B round, with investors including 3TS Capital Partners and PortfoLion. Other backers of the startup include business angels and serial entrepreneurs like Márton Szőke, Balázs Fejes and Andreas Kemi. According to Crunchbase Tresorit had raised less than $18M over its decade+ run.

It looks like a measure of the rising store being put on data security that a veteran ‘household’ brand like Swiss Post sees strategic value in extending its suite of digital services with the help of a trusted startup in the e2e encryption space.

‘Zero access’ encryption was still pretty niche back when Tresorit got going over a decade ago but it’s essentially become the gold standard for trusted information security, with a variety of players now offering e2e encrypted services — to businesses and consumers.

Announcing (Read more...)

TravelPerk buys UK-based Click Travel in latest pandemic purchase



Business trip booking platform TravelPerk has bagged another rival — picking up UK-based Click Travel. Terms of the deal are not being disclosed but we’re told it’s the third — and largest — acquisition for TravelPerk to date.

The Barcelona-based startup has been on a bit of a shopping spree since the pandemic crisis hit Europe last year, picking up risk management startup Albatross in summer 2020 to bolster resilience to COVID-19’s impacts, before going on to acquire US-based NexTravel in January to expand its presence in the US market.

The latest acquisition deepens TravelPerk’s UK and European business, adding Click Travel’s 2,000+ SME clients (which includes the likes of Five Guys, Red Bull and Talk Talk) to its customer base — which will total just over 5,000 post-acquisition.

The UK company handles some £300M in business travel for its client base, which will bolster TravelPerk’s revenues going forward. The latter now bills itself as the “leading” travel management platform for the SME market globally and the UK as a whole.

“We are a global travel management platform but our core markets are the US and Europe and we expect both markets to be our primary growth areas this year,” said CEO and co-founder Avi Meir. “At the current moment, the US is our largest market due to the covid restrictions in the EU & UK.”

“Assuming travel restrictions won’t be imposed again, we expect to grow by 200% in 2022 (Read more...)

Internxt gets $1M to be ‘the Coinbase of decentralized storage’



Valencia-based startup Internxt has been quietly working on an ambitious plan to make decentralized cloud storage massively accessible to anyone with an Internet connection.

It’s just bagged $1M in seed funding led by Angels Capital, a European VC fund owned by Juan Roig (aka Spain’s richest grocer and second wealthiest billionaire), and Miami-based The Venture City. It had previously raised around half a million dollars via a token sale to help fund early development.

The seed funds will be put towards its next phase of growth — its month-to-month growth rate is 30% and it tells us it’s confident it can at least sustain that — including planning a big boost to headcount so it can accelerate product development.

The Spanish startup has spent most of its short life to date developing a decentralized infrastructure that it argues is both inherently more secure and more private than mainstream cloud-based apps (such as those offered by tech giants like Google).

This is because files are not only encrypted in a way that means it cannot access your data but information is also stored in a highly decentralized way, split into tiny shards which are then distributed across multiple storage locations, with users of the network contributing storage space (and being recompensed for providing that capacity with — you guessed it — crypto).

“It’s a distributed architecture, we’ve got servers all over the world,” explains founder and CEO Fran Villalba Segarra. “We leverage and use the space provided by professionals and individuals. (Read more...)