Increasing globalisation contributed to an impressive growth of the translation industry in the last ten years increasing it from $23.50 in 2009 to $46.52 billion dollars in 2018 according to Common Sense Advisory. This growth wouldn’t be possible without help of new technologies, CAT tools, statistical machine translation and now neural machine translation (MT), says the team at Language Business Solutions, gold sponsors at the EUATC's forthcoming annual conference, T-UPDATE taking place in Tallinn 25/26 April.
The EUATC's Finnish members, the Finnish Language Service Providers, SKY was shortlisted this year as a finalist for the title of Finland's The Association of the Year 2018. The Federation of Finnish Enterprises uses the Awards to celebrate the vital work different sectoral associations do for their members and their industry as a whole.
This is a case study illustrating how a Greek translation company recovered a large debt from UK translation company, writes Steven Little, of Debt Collect UK Limited. Our Greece-based client was owed £109,000 (€125,000) from a UK translation company. The invoices raised were between 1 – 6 months old. Our client had no idea how to pursue the debt. They had consulted with their lawyers in Greece, who had advised them that this would be a very lengthy, time consuming and expensive process, as they would need to raise a court action locally, obtain a European Enforcement Order, transfer this into the English Courts and then have the order enforced. All of this would take 3 – 4 months depending on the courts in both countries.
EUATC members the Association of Czech Translation Agencies (ACTA) and the Association of Translation Companies of Slovakia (ATC SK) are used to collaboration. After all they joined forces last year with the national associations from Austria and Hungary to create and deliver the first Meet Central Europe conference. The success of that event has led to the latest example of working together, a joint meeting of the two associations.
At the end of last year, in cooperation with the Department of Translation at the Faculty of Arts in Ljubljana, the Slovenian Association of Translation Companies (SATC) successfully launched the Practical Education for Translation Students pilot project. It was designed as a way for SATC members to contribute to the transfer of knowledge and experience between the economic and academic sectors.
Around 60% of EUATC founder member the Association of Translation Companies' (ATC) members are small businesses and, in 2019, much of ATC’s focus will be on supporting and producing content tailored for SME LSPs through its new Small Business Initiative.