The Commission has adopted last July 30 a recommendation on voluntary sustainability reporting for small and medium-sized companies (SMEs). The recommendation presents a voluntary standard that will make it easier for SMEs that are not covered by the Corporate Sustainability Reporting Directive (CSRD) to respond to specific requests for sustainability information from large financial institutions and companies. The […]
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Commission unveils anti-fraud revamp to protect the EU budget
Last July 16 the Commission has launched a structured reflection process for the review of the EU Anti-Fraud Architecture. The review complements the preparatory work on the next multiannual financial framework (MFF). Its aim is to ensure a strengthened and more efficient protection of the Union’s financial interests. The review of the EU Anti-Fraud Architecture […]
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EP considers budget proposal insufficient to meet Europe’s challenges
MEPs warn that the 1.26% ceiling will force cuts as debt repayments loom and warn about the long-term budget presented by the Commission. Parliament’s co-rapporteurs for the multiannual financial framework (MFF), Siegfried Mureșan (EPP, Romania) and Carla Tavares (S&D, Portugal), together with the co-rapporteurs for own resources,Sandra Gómez López (S&D, Spain) and Danuše Nerudová (EPP, […]
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A simpler tax architecture to benefit EU firms and citizens
MEPs on Tuesday adopted suggestions for reforms to the tax architecture to boost competitiveness while continuing to address tax avoidance and evasion. The report, drafted by Michalis Hadjipantela (EPP, CY), was adopted in the Economic and Monetary Affairs Committee by 46 votes in favour, 2 votes against and 11 abstentions. It will feed into the ongoing legislative […]
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An ambitious budget for a stronger Europe: 2028-2034
Last July 16, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU’s gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, […]
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EU and OEACP reaffirm commitment to global sustainable development
The EU and the Organisation of African, Caribbean and Pacific States (OASECP) have issued a joint statement reaffirming their commitment to the United Nations 2030 Agenda and its Sustainable Development Goals (SDGs) for the 4th UN Conference on Financing for Development. In a declaration adopted last July 1 by the Council of the EU, the […]
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EU Council and Parliament agree on updated rules to strengthen consumer dispute resolution
The Council and the European Parliament have reached a provisional agreement to update, simplify and facilitate the existing alternative dispute resolution (ADR) framework, with the aim of making these procedures more accessible, appealing and better suited to the digital age. ADR refers to out-of-court procedures that help resolve disputes between consumers and traders, typically with […]
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CETA evaluation shows strong economic and social benefits
A study published last June 16 has found the EU and Canada Comprehensive Economic and Trade Agreement (CETA) boosted trade exports and diversified supply chains across all EU Member States. The study – carried out by independent experts, as part of the Commission’s commitment to evidence-based policy making – provides solid proof that open, rules-based, […]
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Commission proposes one-year delay of Basel III market risk rules
The European Commission has adopted last June 12 a delegated act that postpones by one additional year – until 1 January 2027 – the date of application of the one remaining part of the Basel III international standards in the EU – the Fundamental Review of the Trading Book (FRTB). The FRTB aims to introduce […]
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