Invest In EU News

  • Wheel: The state continues to assist Ida-Viru County in economic diversification and energy restructuring

    Prime Minister Jüri Ratas and Minister of Economic Affairs and Infrastructure Taavi Aas visited Ida-Virumaa today to get acquainted with the labor market situation. The ministers visited several local companies, including Estonia's largest employers, Eesti Energia and Enefit Energiatootmine AS. At their meeting with business leaders, Ratas and Aas recognized them for modernizing their activities and working closely with all the parties involved, and discussed solutions that would help people in the region adapt better to the changes.<

  • One business day will be postponed in 2020

    Next year, on the 22nd of June, the working day of June 22, which falls on Monday between June 21 and Sunday 23 June, is transferred from the state budget to state-funded government institutions that set a five-day week from Monday to Friday, to Saturday, June 13, 2020 So there will be five vacations in the country in Janis .

    The Draft Order "On Transfer of Working Day in 2020" on Tuesday, July 9, was adopted at a government meeting.  

  • The government is supporting a shift in drug penetration policy - emphasizing demand reduction

    On Tuesday, July 9, the Cabinet of Ministers endorsed the "Drugs Use and Proliferation Plan 2019 - 2020", which will focus more on demand reduction measures.

    In order to implement the plan and reduce both drug demand and availability, as well as better monitoring of drug control, 28 actions will be implemented in three action lines.

  • The Government approves the pricelist of the new paid services of the National Library of Latvia

    On July 9, 2019, the Cabinet of Ministers approved the new pricelist of public pay services of the National Library of Latvia. With a broader range of library services, the price list includes 13 new services, up-to-date prices for existing services - increased or decreased, as well as a range of services that are free or available at 50% discount for children and young people under 18.

  • DB 'Reactivates' Application for Controversial Pembroke City Centre Project

    'The revocation was based exclusively on one, single point- that the court deemed a member of the adjudicating board had a conflict of interest,' db Group said in a statement.

    The db Group has reportedly "reactivated" its application for the highly-resisted Pembroke City Centre project located on the former Institute for Tourism Studies (ITS) site.

  • FM: Metalworking and Mechanical Engineering Keeps the Growth of Manufacturing

    Data released today on industrial production output in May this year show moderate growth in the industry, with output up 1.7% year-on-year. In May, for the first time in the last year, mining volumes fell by 3.3%. In the electricity and gas sector, on the other hand, growth was recorded for the first time this year. Slow output growth was also recorded in manufacturing, with annual output rising 1.7%.

  • Finance Minister Janis Reirs: Monitoring and implementing reforms in the financial sector is and will remain the FCMC priority

    On Thursday, July 4, the Chairman of the Financial and Capital Market Commission (FCMC) Peter Putniņš and Deputy Chairman of the FCMC Gunta Razāne provided the Speaker of the Saeima with information on resignation, requesting to be dismissed in accordance with the FCMC law. It should be emphasized that the FCMC should continue to work in accordance with its stated objective of promoting the protection of interests of investors, depositors and insured persons and the development and stability of the financial and capital market, as well as

  • Malta Registers Current Account Surplus Of €48.9 Million For Q1 2019

    This represents a sharp decline compared to the same period last year, when Malta registered a current account surplus of €296.3 million.

    Provisional figures released by Malta's National Statistics Office (NSO) show that Malta registered a decrease in its current account surplus when comparing the first quarter of 2019 with that of 2018, at €48.9 million and €296.3 million respectively.

  • Confirmed list of narrow semi-finished ferrous and non-ferrous metals subject to reverse VAT

    On Tuesday, July 2, the Cabinet of Ministers (Cabinet of Ministers) approved amendments to the rules on the application of the provisions of the Value Added Tax (VAT) Law and certain requirements for the payment and administration of VAT. Amendments to the Cabinet of Ministers Regulations specify the list of semi-finished products of ferrous and non-ferrous metals, including the exclusion of metal goods services subject to reverse or reverse VAT.

  • Eurojust helps reveal fake organic food fraud

    In close cooperation with Eurojust, Italian and Serbian national authorities unraveled a transnational large-scale fraud in the production and trade of allegedly organic food and beverages from rotten apples. In a successful joint action, coordinated by Eurojust, 9 suspects of an organised crime group (OCG) were arrested. Illegal assets worth €6 million as well as 1,411 tonnes of adulterated product with an estimated value of almost €5 million were seized.

  • Prime Minister: Lithuania welcomes steady and friendly relations with Denmark

    Prime Minister Saulius Skvernelis has met with Dan Eddie Frederiksen, the Ambassador of the Kingdom of Denmark to Lithuania to thank him for his efforts and personal contribution to the development of the bilateral relations.

    According to the Prime Minister, Lithuania is pleased with the steady, close and friendly relations and is ready to take them further with the new Denmark’s Government that took office just a week ago.

  • Prime Minister: The bilateral cooperation between Lithuania and Romania is vibrant at all levels

    Prime Minister Saulius Skvernelis has met with Romania’s Ambassador Dan Adrian Balanescu to thank him for his active efforts in strengthening cooperation between Lithuania and Romania.

  • Hungary follows Australian model in connection with illegal migration

    The protection of borders and the fight against illegal migration are the most crucial issues of Western civilisation in the 21st century, and Hungary looks upon Australia as a model to be followed in the area of the measures it has implemented in connection with illegal immigration, said Balázs Orbán, the Parliamentary and Strategic State Secretary of the Prime Minister’s Office who spoke to the Hungarian news agency MTI by telephone during his visit to Australia.

  • State aid: Commission opens investigation into proposed public support for Peugeot plant in Spain

    The European Commission has opened an in-depth investigation to assess whether Spain's plan to grant €20.7 million of public support to PSA for investing in its existing car plant in Vigo (Spain) is in line with EU rules on regional State aid.

  • Humanitarian aid: €7 million for disaster preparedness in Southern Africa and Indian Ocean region

    As natural disasters threaten the most vulnerable people in the Southern Africa and Indian Ocean region, the EU is providing €7 million in humanitarian aid to increase the capacity of communities and authorities to prepare for and respond to disasters. This aid is in addition to the approximately €17 million in EU humanitarian assistance given this year to help people hit by cyclones Idai and Kenneth in Mozambique, Zimbabwe, Malawi and Comoros, and people affected by food shortages in Zimbabwe.

  • Fair Taxation: New EU-wide system to resolve tax disputes between Member States applies from today

    New EU rules come into force today to ensure quicker and more effective resolution of tax disputes between Member States, making life easier and offering much more tax certainty for businesses and individuals experiencing double taxation issues.

  • International Aviation Recruitment Consultancy Qualitair To Open Business Hub In Malta

    The new base aims to take advantage of the growth of Malta as a transport hub.

    Qualitair, an International aviation recruitment consultancy, is landing in Malta, with a new office based in Malta International Airport. Qualitair Malta will be supplying technicians to the aircraft maintenance, repair and overhaul sector, and following the Malta launch, is also set to start supplying airlines with crew and the airport with ground. 

  • Air Malta Filed For Injunction Against Pilots' Union Following Industrial Action

    The union of pilots, ALPA, actioned a 30 minute delay on flights from today in response to unresolved issues with the national carrier and Government.

    Air Malta flights were delayed by 30 minutes from this morning as pilots took industrial action, following the absence of an agreement with Government, Air Malta’s major shareholder, over their retirement package.

  • 1 July VAT regime for vouchers changed

    On May 30, the Saeima has adopted amendments to the Value Added Tax (VAT) Law, which will come into force on 1 July. The amendment introduces a framework for uniform and unambiguous application of VAT to vouchers in the European Union (EU), thus complying with Directive 2006/112 / EC of the EU Council of 27 June 2016 on the rules applicable to vouchers. , requirements.

  • Maltapost Outlines Eseller Success For Online Retailers

    MaltaPost’s recently-unveiled eSeller platform for business has given local companies the chance to substantially boost their online sales, with some indicating that their international orders have doubled, if not tripled, since the facility was introduced.

  • Evaluation of the EU's Employment and Social Innovation Program confirms its added value

    A mid-term evaluation by the Commission confirms the success of the EU program for Employment and Social Innovation (EaSI) in the current and future challenges related to the world of work. The evaluation reportpublished today demonstrates that the program helps to find solutions by providing support to vulnerable groups, young people, long-term unemployed

  • Juncker Small and medium-sized support plan businesses in Italy with € 330 million in financing

    The Juncker Plan's European Fund for Strategic Investments is backing an agreement signed today in Italy. The deal is between the European Investment Bank (EIB) Group and Italian bank Banco BPM, to provide € 330 million in financing to small and medium sized businesses and mid-cap companies in the industrial, agricultural, tourism and services sectors. Jyrki Katainen , European Commission Vice-President for Jobs, Growth, Investment and Competitiveness, said: "The financing agreement signed today between the EIB Gro

  • EU mobilises €21 million to support Palestine refugees via the UN Relief and Works Agency

    The European Commission will mobilise additional €21 million for the United Nations Relief and Works Agency (UNRWA) on top of €82 million already paid into the programme budget this year to support vulnerable Palestine Refugees in the Middle East.

  • State aid: Commission invites comments on simplified rules for State aid combined with EU support

    The European Commission is inviting Member States and other stakeholders to comment on its proposal to exempt from prior Commission scrutiny under EU State aid rules aid granted through national funds for projects supported under certain EU centrally managed programmes.

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