Invest In EU News

  • EU, China to cooperate on WTO reform after 'honest' talks

    The European and China agreed at a summit Tuesday to deepen the EU-China strategic partnership, cooperate on WTO reform and intensify talks to strengthen international rules on industrial subsidies.

  • Mergers: Commission fines General Electric €52 million for providing incorrect information in LM Wind takeover

    The European Commission has fined General Electric €52 million for providing incorrect information during the Commission's investigation under the EU Merger Regulation of GE's planned acquisition of LM Wind.

  • Assertive EU to face resistant China at trade-focused summit

    Chinese Premier Li Keqiang and EU institution leaders meet in Brussels on Tuesday for an annual EU-China summit set to be overshadowed by differences over trade and investment.

  • EU stands 'fully behind Ireland' on Brexit, according to chief negotiator

    The European Union "will stand fully behind Ireland" regardless of what happens during the Brexit process, Michel Barnier, the EU's chief Brexit negotiator, said on Monday.

    Speaking at a joint press conference with Taoiseach Leo Varadkar in Dublin, Barnier maintained that the EU's goal was to "protect the Good Friday Agreement, peace on this island, and the integrity of the single market."

  • EU sugar rises as regional market tightens, world prices languish

    Spot sugar prices in the European Union are recovering from last year's record lows as world prices languish, prompting a pick-up in imports to one of the few global regions where output is slumping.

    The EU sugar market is restructuring, with Europe's biggest sugar refiner Suedzucker planning to shut five plants next season in a bid to combat overproduction, which soared in 2017/18 after the EU scrapped output and export quotas.

  • EU's Vestager says Europe must lead the way with a digital tax

    Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU competition commissioner Margrethe Vestager, said on Monday.

    There is still disagreement among EU members over how to implement a so-called "GAFA tax" - named after Google, Apple, Facebook and Amazon - to ensure the global internet giants pay a fair share of taxes on their massive business operations in Europe.

  • Euro zone investor morale rises in April on China hopes

    Investor morale in the euro zone improved in April to hit its highest level since November, helped by signs of an upswing in China, a survey showed on Monday.

    The Sentix research group said its investor sentiment index for the euro zone rose to -0.3 from -2.2 in March. Analysts had expected a reading of -2.1.

  • Brexit preparedness: EU prepared for possible “no-deal” scenario in the area of public health and food safety

    The EU regrets, but respects the UK's decision to leave the EU. While the Withdrawal Agreement negotiated between the EU and the UK remains the best possible outcome, the EU is prepared for a possible “no-deal” scenario in the area of public health, in particular on the crucial topics of pharmaceutical products and medical devices, as well as on food safety.

  • EU Trust Fund for Africa: €115.5 million to enhance security, migrant protection and job creation in the Sahel region

    The European Commission adopted five new programmes and three top-ups of current programmes worth €115.5 million under the EU Emergency Trust Fund for Africa to complement ongoing efforts in the Sahel and Lake Chad region.

  • The EU invests in fast broadband for all in Italy

    Today the Commission adopted a Cohesion Policy project worth more than 573 million of EU funds to support the deployment of fast broadband in Italy.

    The EU funding, covering 60% of the project's eligible costs, will help bring fast internet access to areas where it is currently not available.More than Italian 7000 municipalities will be covered, totalling 12.5 million inhabitants and almost 1 million companies.

  • Rule of Law: The Commission opens a debate to strengthen the rule of law in the EU

    The European Commission is launching a reflection process on the rule of law in the European Union and setting out possible avenues for future action.

  • Libya: EU to provide €6 million in humanitarian assistance

    As many Libyans continued to be displaced within their country due to conflict, the Commission has announced today €6 million in humanitarian aid for 2019.

    This brings total humanitarian assistance in the country for 2018-2019 to €15 million.

  • Rule of Law: European Commission launches infringement procedure to protect judges in Poland from political control

    Today, the European Commission has launched an infringement procedure by sending a Letter of Formal Notice to Poland regarding the new disciplinary regime for judges. The Polish government has 2 months to reply.

    The new disciplinary regime undermines the judicial independence of Polish judges by not offering necessary guarantees to protect them from political control, as required by the Court of Justice of the European Union.

  • EU launches WTO cases against India, Turkey

    The European Union has launched two World Trade Organisation disputes against India over import duties on IT products and against Turkey over measures affecting pharmaceutical producers.

    The European Commission, which oversees trade policy for the 28-member European Union, said in a statement on Tuesday that the total value of affected EU exports was more than 1 billion euros (858.52 million pounds) per year.

  • Swedbank's Estonian offices searched - Estonian financial watchdog

    Swedbank's Estonian offices have been searched this week as part of the joint investigation by the Baltic and Swedish financial watchdogs, Estonian authorities said on Tuesday.

    "We have started on site inspections this week. This is part of the investigation initiated by Sweden," Estonian Financial Supervision and Resolution Authority spokeswoman Livia Vosman said.

  • Trade tensions put global growth at risk, EU to tell G20

    The European Union will warn G20 nations that trade tensions are putting global growth at risk and need to be addressed with a speedy reform of the World Trade Organisation, a EU draft document says.

    The paper, seen by Reuters, sets the EU priorities on trade, global tax reforms and financial rules before a meeting of finance ministers and central bank governors from the Group of 20 nations in Washington on April 11-12.

  • Single pass is 'the biggest public transport revolution in the last decades'

    Prime Minister António Costa said that the single pass is "the biggest public transport revolution in the last decades", in the speech at the ceremony that marked the entry into force of the Tariff Reduction Support Program in public transport in Setúbal.  

  • Portugal and Spain present joint celebrations of the first circumnavigation trip

    The Minister of Foreign Affairs, Santos Silva, and the Vice-President of the Government of Spain, Carmen Calvo, presented, in ceremonies held in Madrid and Lisbon, the program of joint actions of the V Centenary of the Circum-navigation of Fernão de Magalhães and scored by Juan Sebastián Elcano. The presentation took place at 12.00 in Madrid and at 18.00 in Lisbon.  

  • Not Enough Support For Cashless Companies In Malta

    The money-free business model is growing in Malta, but more could be done to encourage use of card and electronic payments.

    The cashless business model is a trend that’s developing in Malta and the rest of the world. But like every new idea, it has its supporters as well as its critics.

  • Vogue magazine makes comeback in Greece as recovery looms

    After seven years of absence, fashion magazine Vogue hit the newsstands in Greece on Sunday.

    Publishers expect the country's economic recovery following a debt crisis will revive an appetite for glossy fashion and lifestyle prints.

  • A No-Deal Brexit Will Impact Maltese Economy – But How?

    The effect of the UK crashing out of the EU without a deal would result in greater uncertainties for the Maltese economy, but the extent of the damage is still hard to quantify.

    A no-deal Brexit would be a blow to diverse sectors of the Maltese economy, with the extent of its impact difficult to determine at this stage, leading economic and business experts have said in comments to this newspaper.

  • Mfsa To Issue Guidelines For Banks Operating In Blockchain And Cryptocurrency Spheres

    The Malta Financial Services Authority (MFSA) and the Financial Intelligence Analysis Unit (FIAU) have jointly published a consultation document on guidance for credit institutions, payment providers and electronic money institutions which have the capacity to open accounts for entities using financial technology.

  • Sweden's One Stop Future Shop roaring success

    In the latest Smart Regions, we visit the Biskopsgarden district of the Gothenburg municipality, Sweden. Where the 'One Stop Future Shop’ is a programme that has been empowering people on the peripheries of the labour market, such as immigrants, to start up their own entrepreneurial projects.

  • European Parliament backs legislation to reduce CO2 emissions by 2030

    MEPs pushed forward this week with legislation that would set a higher target for CO2 reductions for new cars and encourage member states to call for retrofits of old vehicles.

    If passed by the European Council, the measures would aim to reduce emissions in new cars by 37.5% and vans by 31%, in time for a 2030 deadline. MEPs backed the proposal in a vote of 521 to 63 with 34 abstentions.

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