The Council has adopted new rules to combat pay discrimination and help close the gender pay gap in the EU. Under the pay transparency directive, EU companies will be required to share information about how much they pay women and men for work of equal value, and take action if their gender pay gap exceeds 5%. […]
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European Commission takes steps to cut red tape in merger cases
The European Commission has adopted a number of measures to further simplify its merger review procedures under the EU Merger Regulation. The package of measures includes: (i) a revised version of the Merger Implementing Regulation (“Implementing Regulation”), (ii) a Notice on simplified procedure (“Procedural Notice”), and (iii) a Notice on the transmission of documents (“Notice […]
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European Commission launches unannounced inspections at premises of fashion companies
On 18 April 2023, the European Commission has started unannounced inspections at the premises of companies active in the fashion industry in several Member States. In parallel, the Commission has sent out formal requests for information to companies active in the same sector. The Commission has concerns that the companies concerned may have violated EU […]
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The European Commission adopted a proposal to adjust and further strengthen the current crisis management framework for banks
On 18 April, the European Commission adopted a proposal to adapt and further strengthen the existing EU system of bank crisis management and deposit insurance, with a special focus on small and medium-sized banks. The EU banking sector, which has a strong crisis management system, has become more resilient in recent years. EU financial institutions […]
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EU wins WTO case on India’s tariffs on ICT-related products
The World Trade Organisation (WTO) ruled in favour of the EU in a landmark case challenging India’s tariffs on key information and communications technology (ICT) products. In a panel decision, the WTO upheld all of the EU’s claims against India and found that India’s tariffs of up to 20 percent on certain ICT products, such […]
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Council approves €1 billion in ammunition aid for Ukraine
On 13th April, The Council adopted an assistance measure worth €1 billion under the European Peace Facility (EPF) to support the Ukrainian Armed Forces. This measure will allow the EU to reimburse member states for ammunition donated to Ukraine from existing stocks or from the reprioritisation of existing orders during the period 9 February to 31 May 2023. […]
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The EU supports development of new emergency shelter stocks with 116 million euros
To strengthen emergency response even further, the EU is establishing its own shelter reserves, which can be used in the event of a crisis or catastrophe that overwhelms national response capacities. The EU is allocating €116.6 million to Croatia, Poland, Slovenia, Spain, Sweden, and Turkey on 4th March to acquire and host new rescEU shelter […]
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Commission disburses over €150 billion to Member States under the Resilience and Recovery Fund
The Commission has disbursed more than €150 billion from the Recovery and Resilience Facility (RRF) to Member States, after €6 billion was paid to Spain on 31 May. This is an important milestone in the implementation of the RRF, the key instrument at the heart of the €800 billion NextGenerationEU recovery plan for Europe. In just […]
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European Commission adopts a proposal for a Directive aimed at greater transparency for companies
The European Commission has adopted a proposal for a Directive making it easier for companies to expand the use of digital tools and processes in EU company law. The proposal aims to facilitate cross-border companies’ operations and to increase business transparency and trust by making more information about companies publicly available at EU level. It […]
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