Invest In EU News

  • Joint statement by Commissioner Věra Jourová and Haruhi Kumazawa, Commissioner of the Personal Information Protection on the state of play of the dialogue on data protection

     Joint statement by Věra Jourová, Commissioner for Justice, Consumers and Gender Equality of the European Commission and Haruhi Kumazawa, Commissioner of the Personal Information Protection Commission of Japan 

  • EU supports Niger with development assistance of €1 billion by 2020

     Overall EU development assistance to Niger will amount to €1 billion for the period 2017-2020. This was announced by Commissioner for International Cooperation and Development Neven Mimica at the Donors' Round Table for Niger in Paris. At this occasion, Commissioner Mimica stressed: "The European Union continues to stand by Niger and to help to tackle key development and security challenges.

  • Already €278 billion delivered to Europe's real economy under the European Structural and Investment Funds

     A new report published today highlights what the five EU funds have achieved since the beginning of the funding period, as the implementation of the 2014-2020 programmes has now reached full speed.

    By October 2017, almost half of the European Structural and Investment (ESI) Funds' budget for 2014-2020 had been committed to concrete projects. By the end of 2016, almost 793,500 businesses had received support from the funds, creating an estimated 154,000 new jobs.

  • Facts And Figures About Economic Globalisation Patterns In EU Trade And Investment

      Globalisation, which can be defined as an increasingly integrated world economy, includes movements of goods, services, people, capital and technology. It has an impact on businesses, governments and citizens, as globalised trade and investment notably changes our consumption and production patterns, triggers the transformation of labour markets, supports technology transfer as well as industrial restructuring. Statistics can help to better understand how significant these impacts are.

  • Commission gives new support to help industrial transition regions build resilient and low-carbon economies

     Today the Commission is announcing which regions in industrial transition will benefit from tailored support under a new EU-funded pilot action.

  • #InvestEU: Commission and European Investment Bank Group welcome final adoption of extended and improved European Fund for Strategic Investments

     European Parliament plenary vote marks green light for EFSI 2.0

    Today Members of the European Parliament voted to adopt the Regulation to extend and enhance the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. This successful final step follows the agreement in principle reached by the European Parliament and Member States on 13 September.

  • Banking regulation: Commission welcomes Basel Committee's agreement on post-crisis reforms

     The European Commission welcomes the agreement at the Basel Committee on Banking Supervision to further strengthen the international post-crisis rules for banks and sets out its approach to these new rules in the EU. This agreement is the result of a strategic review of those international reforms which was conducted by the Basel Committee with the aim of improving the balance between simplicity, comparability and risk sensitivity.

  • EU-Turkey High-level Economic Dialogue

     The EU-Turkey High-Level Economic Dialogue is taking place today in Brussels, co-chaired by Commission Vice-President Jyrki Katainen,responsible for Jobs, Growth, Investment and Competitiveness, and Turkey's Deputy Prime Minister Mehmet Şimşek. The purpose of the Dialogue is to contribute to strengthening economic relations between the two partners, and to create a platform to bring business circles together.

  • EU and Japan finalise Economic Partnership Agreement

     Trade Commissioner Cecilia Malmström and Japanese Foreign Minister Taro Kono today announced the successful conclusion of the final discussions on the EU-Japan Economic Partnership Agreement (EPA).

    Building on the political agreement in principle reached during the EU-Japan Summit on 6 July 2017, negotiators from both sides have been tying up the last details in order to finish the legal text. This process is now finalised.

  • MALTA'S GDP IN 2017 Q3 UP BY 9.7 PER CENT

     The Gross Domestic Product (GDP) for the third quarter of 2017 amounted to €2,829.6 million, an increase of €249.6 million or 9.7 per cent when compared to the corresponding period last year, according to the National Statistics Office (NSO). In real terms, GDP went up by 7.2 per cent.

  • Prime Minister meets with Japanese parliamentarians

     Prime Minister Maris Kucinskis met with Hirofumi Nakasone, chairman of the Latvian-Japanese Parliamentary Cooperation Group, on Thursday, December 7, in Tokyo.

    Latvia and Japan agree on the political issues affecting cooperation in international organizations, and also have great potential for mutual economic cooperation.

  • Parliamentary debate on utilisation of development funds

     The debate which the House will conduct on Monday regarding the disbursement of EU funds available during the period between 2014 and 2020 will feature, among others, “perhaps the biggest corruption scandal in Hungary’s modern-day history” and the threats regarding the possible blocking of cohesion funds, Nándor Csepreghy, Minister of State of the Prime Minister’s Office said at his press conference which he held jointly with Erik Bánki, President of the Economic Committee.

  • The EU has adopted a black list of non-cooperative countries on tax issues

     On Tuesday, 5 December, the EU's Economic and Financial Affairs Council approved the so-called black list of countries that are uncooperative in tax matters. The list has 17 non-EU countries and territories.

    The list will show what non-EU countries do not respect the principles of tax transparency and equity. The Council also outlined responses to the list of countries.

  • The state wants to create over 1,000 public employment places in counties

     Tallinn, Stenbock House, December 5, 2017 - At today's Cabinet meeting, the government received an overview of the state of play of the removal of state employment offices from the capital. The ministries have submitted proposals to bring over 1,000 state jobs to all counties across Estonia. Each ministry submitted proposals for its area of ​​responsibility and coordinated the organization of the transfer of jobs.

  • Unveiling of the Brussels 2018 Summit Logo with the NATO Secretary General

     On May 25, we gathered here in Brussels for the delivery of its new headquarters to NATO. It was also the occasion of an important special meeting at which our solidarity was reaffirmed.

     

    After Warsaw, Newport, Chicago or Lisbon, Belgium is honored to welcome you again for the next Alliance Summit on July 11 and 12, 2018.

     

  • Online VAT on sales is simplified

     On Friday, 5 December, EU finance ministers agreed on the reform of VAT on e-commerce. The reform simplifies the payment of VAT to different EU countries.

  • VAT: Commission welcomes agreement on simpler and more efficient rules for businesses that sell goods online

     The Commission welcomes today's agreement on a series of measures to improve how VAT works for online companies in the EU.

    The new system will make it easier for consumers and businesses, in particular start-ups and SMEs, to buy and sell goods cross-border online. It will also help Member States to recoup the current estimated €5 billion of VAT lost on online sales every year.

  • A survey of the financial significance of copyright in Finland completed

     The survey measured the financial impact of the copyright industries on the Finnish economy during 2013-2015. According to the study, the proportion of copyright industries has slightly increased over the period considered.

    Key Results:

  • R & D: European companies increase their investment faster than the global average

     European companies increased their investments in research and development (R & D) by 7% last year, well above the average global growth rate (5.8%). The ICT, healthcare and automotive sectors are in the top three in terms of growth in R & D investment in the EU, reveals the 2017 R & D industrial investment scorecard, published today by the Commission's Joint Research Center (JRC). Tibor Navracsics, Commissioner for Education, Culture, Youth and Sport and Head of the JRC, said: "The scoreboard shows that innovation is once again booming in Europe.

  • Preparation of the Eurogroup and ECOFIN meetings, 4-5 December 2017

     Vice-President Dombrovskis and Commissioner Moscovici will represent the European Commission at today's Eurogroup meeting. The ministers will take stock of the progress made on the third review of the stability support programme for Greece. The Eurogroup will be debriefed on the post-programme surveillance mission to Cyprus and Spain.

  • Less 200,000 Portuguese living with material deprivation in 2017

    "The deprivation rate has been significantly reduced, which means that when the effects of the measures taken by the Government in 2017 are applied to these figures, it will undoubtedly translate into an even greater improvement in social indicators", said the Minister of Work, Solidarity and Social Security, Vieira da Silva.



  • Bitcoin Crosses $10,000 Threshold

     Experts are divided on whether bitcoin will continue to rise or whether its ascent represents a speculative bubble that could burst any time.

    For the first time since its inception, the value of one bitcoin has gone past $10,000 (€8,459).

    The virtual currency reached the benchmark for the first time, just days after it passed $9,000.

    Thee crypto-currency was trading below $1,000 at the start of the year.

  • Malta Now Has A Lower Unemployment Rate Than Germany

    Figures released by the NSO for October show that Malta now has an even lower unemployment rate than Germany, leaving the Czech Republic as the only EU country with a lower unemployment rate.

    Unemployment figures fell to 3.5 per cent of the population in the month of October, a drop of 26.8 per cent since the same month last year.

  • Amendments to the Law "On Taxation in Free Ports and Special Economic Zones"

     At the beginning of 2018, according to the business support regulation, the conditions for providing aid for initial investment are changing, therefore, amendments to the law need to be made so that Freeport and special economic zone administrations can conclude contracts with the capital companies for making investments and applying tax incentives.

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