Hutorian Delegation Arrives in Eroncourt for State Visit
Backdated: July 5496
Hutorian Prime Minister Victoria Masterson
A substanial delegation from the Kingdom of Hutori arrived in Lourenne today to discuss a myriad of topics with the Royal Government. Chief amongst these was finalizing the welcoming of Lourannis banking giant, Moreau-Vandem for operation in Hutori. Hutorian financial regulators, amongst the most stringent in the northern hemisphere, placed severe restriction on new financial institutions being allowed to work in Hutori, mostly in regards to the requirements of capital for operating on a national level, including the requirement for financial institutions requiring to have the full amount of money on hand they would spend and loan out. While smaller banks and credit unions are exempt from the requirement, this stringent requirement for capital, and increasing amounts of it to operate on a nation level, has kept all but the largest banks from working in Hutori.
The welcoming of Moreau-Vandem, overseen by Hutorian Financial Minister Peter Ross, was in the background as the Hutorian government officials have reportedly been in talks with Lourenne about utilizing the Lourannis Franc as a reserve currency in Hutori. Reports are still in the early stages, but this decision by Bekenial to align their financial system more firmly with Eroncourt would mark the first northern economy to put itself more firmly into Lourenne's orbit. Insiders at the Department of Finance refused comment though some unnamed sources noted that, Bekenial having the Franc as a substanial reserve currency was no difference then them holding reserves of the Luthorian Pound, with Bekenial preferring to hold onto supplies of the most valuable currencies.
occurred as Minister of International Trade Alexander Lexington, was on hand for talks with numerous Lourannis business leaders on coming into the lucrative Hutorian market place. He was personally joined by the Premier of Kenai, Natalia LaChance, also encouraging additional Lourannis investment and interest in her home province, and Isaac Grey, the Grand Chief of the Mashacara of Falristan and also the Senior Vice President of Operation of the Carter Energy Group. The Mashacara owned Hutorian energy conglomerate specifcally were in Lourenne to speak to Lourannis energy interests on aiding in the diversification of Carter Energy into the green energy market internationally and on aiding in the diverisfaction of the energy grids that the Mashacara themselves draw on.
Crown Princess Erika was also in attendence for a private audience with King Leopold VI, where she was honored as the Duchess of Alcarie. The Duchy of Alcarie marks the fifth title that, once the Crown Princess takes the throne, the Hutorian Royal Family possesses in the United Kingdom, marking the extremely close relationship between the Hutorian and Lourannis Royal Families. The Crown Princess's uncle, Prince Daniel, the Duke of St. Anslem who is a career foreign service officer with tours in Alduria, Mordusia and Luthori prior to this, has also recently been appointed as the Ambassador to the United Kingdom. This extremely high level appoint of a member of the Royal Family is an apparent move by the government in Bekenial to firm up their relationship with Eroncourt, with the Duke expected to be able to utilize both his connections in the diplomatic community and a direct line of contact with King Leopold VI, to be able to get results for Bekenial directly, one of the most clever moves of Royal Diplomacy in recent years.