Invest In EU News

  • 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.

  • Fair Taxation: Commission proposes new tools to combat VAT fraud

     The European Commission has today unveiled new tools to make the EU's Value Added Tax (VAT) system more fraud-proof and close loopholes which can lead to large-scale VAT fraud.

    The new rules aim to build trust between Member States so that they can exchange more information and boost cooperation between national tax authorities and law enforcement authorities.

  • State aid: Commission approves Irish support scheme for SMEs in difficulty

     The European Commission has found a €10 million Irish aid scheme to facilitate the restructuring of SMEs in Ireland, to be in line with EU State aid rules. The scheme will help SMEs in financial difficulty restore their competitiveness, whilst preserving competition in the EU's Single Market.

  • Antitrust: Commission sends Statement of Objections to AB InBev for preventing cheaper imports of beer into Belgium

     The European Commission has informed AB InBev of its preliminary view that the company has abused its dominant position on the Belgian beer market, by hindering cheaper imports of its Jupiler and Leffe beers from the Netherlands and France into Belgium.

    Effective competition is important for European consumers to reap all the benefits of the internal market. This case is an example of the Commission's effort to ensure effective competition along all levels of the value chain from farmers, producers, distributors to consumers.

  • Both Hungary and Denmark strive to stabilise results achieved in European Union

     Deputy State Secretary Balázs Molnár had talks with Jens Kisling, Under Secretary for Europe of the Danish Ministry of Foreign Affairs and Carsten Gronbech-Jensen, Chief European Affairs Advisor to the Prime Minister of Denmark in Copenhagen on 23 November. At the meeting the parties reviewed the future of the EU, migration, the future of the Schengen Area, Brexit, the Multiannual Financial Framework (MFF), the Western Balkans enlargement of the EU and social issues.

  • Leaders of Central and Eastern European countries have agreed on enhancing economic cooperation with China

     On Monday, 27 November 2017, Prime Minister Bohuslav Sobotka attended the summit of the 16+1 cooperation in Budapest. The aim of the meeting of 16 Central and Eastern European countries was to increase economic cooperation with China and to define priorities for the upcoming period.



  • Commission and European Investment Bank launch new advisory service to help cities plan investments

     URBIS, for "Urban Investment Support" will help cities plan investments to support their own urban development strategies and get easier access to finance.

  • European Gaming Institute Of Malta Launched To Encourage Gaming Careers

     The EGIM is a joint venture between the MGA and MCAST aimed at developing training and educational programmes for the gaming industry, nurturing more talent within the gaming sector and creating long-term careers.

    The European Gaming Institute of Malta (EGIM) has officially been launched following an agreement between the Malta Gaming Authority and MCAST.

  • Rat and Palo will meet with Chinese leaders in Budapest

     Hungary, Budapest, November 27, 2017 - Prime Minister Jüri Ratas and Minister of Enterprise and Information Urve Palo will meet with leaders of Central and Eastern European countries and the People's Republic of China in Budapest today and participate in the Business Forum. The ministers will send a business delegation on their visit.

  • Mergers: Commission clears a joint-venture between Deutsche Alternative Asset Management and M&G Alternatives Investment Management

     The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Belmond JV by Deutsche Alternative Asset Management (Global) Limited ("DAAM") and M&G Alternatives Investment Management Limited ("MAGAIM"), all three of the UK. Belmond JV will be established as a full-function joint venture and will be active in the operational leasing of rolling stock to the West Midlands rail franchise in the UK and, potentially, in associated ancillary capital investments.

  • Europe and Africa are in business! Investing in opportunities at 6th business forum

     Business leaders, investors, innovative startups, young and female entrepreneurs from Africa and Europe are coming together for the 6th EU-Africa Business Forum. Andrus Ansip, Vice-President responsible for the EU's Digital Single Market, delivered this morning a keynote speechat the opening ceremony of the Business Forum, which takes place in Abidjan, Côte d'Ivoire, ahead of the African Union - European Union Summit (29-30 November).

  • Europe and Africa are in business! Investing in opportunities at 6th business forum

     Business leaders, investors, innovative startups, young and female entrepreneurs from Africa and Europe are coming together for the 6th EU-Africa Business Forum. Andrus Ansip, Vice-President responsible for the EU's Digital Single Market, delivered this morning a keynote speechat the opening ceremony of the Business Forum, which takes place in Abidjan, Côte d'Ivoire, ahead of the African Union - European Union Summit (29-30 November).

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