New value added tax (VAT) rules for online shopping came into force this week. This development comes in the context of efforts to ensure a more level playing field for all businesses, simplify cross-border e-commerce and introduce greater transparency for EU shoppers in terms of prices and choice. The EU VAT system was last updated […]
Read MoreEuropean Commission endorses Spain’s recovery and resilience plan
The European Commission has adopted a positive assessment of Spain’s recovery and resilience plan. This is an important step towards the EU disbursing €69.5 billion in grants under the Recovery and Resilience Facility (RRF) over the period 2021-2026. This financing will support the implementation of the crucial investment and reform measures outlined in Spain’s recovery […]
Read MoreEU and US take decisive step to end aircraft dispute
European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai reached an understanding relating to large civil aircraft, transforming almost 17 years of disputes into a forward-looking, collaborative platform to address bilateral issues as well as global challenges. Both sides will now seek to overcome long-standing differences in order to avoid future litigation and preserve […]
Read More22 billion euros in new European Partnerships for social challenges
Today, the Commission launched 11 new European Partnerships together with industry, to boost investments in research and innovation and to overcome major climate and sustainability challenges, towards making Europe the first climate neutral economy and delivering on the European Green Deal. In line with the goals of the ‘twin’ green and digital transition, the Partnerships […]
Read MoreBrexit Adjustment Reserve: MEPs want swift disbursement of €5 billion fund
Parliament is now ready to negotiate with Council the details of the fund to help EU countries to counter the adverse consequences of the UK’s withdrawal. Support focused on countries and sectors worst affected by Brexit Eligibility period covers investments made from 1 July 2019 to 31 December 2023 Banking and financial sectors are excluded […]
Read MoreLarge investors vs Bankia
The Court of Justice of the European Union (CJEU) ruled on 3 June that qualified investors can also hold Bankia (now part of CaixaBank) liable for inaccuracies contained in the brocure for its IPO in 2011, as it did not reflect the bank’s accounting reality. The case pits Bankia against Unión Mutua Asistencial de Seguros […]
Read MoreIs the European Commission up to the task?
MEPs want the European Commission to prove it’s up to the task of defending the EU budget from member states violating the rule of law principle. MEPs will discuss the application of the rules adopted in 2020 linking the disbursement of EU funds to member states respecting the rule of law and EU values […]
Read MoreNew programme to support European SMEs
On 10 March, the EU launched MobiliseSME – a new programme for SMEs. The programme hosted a webinar as part of the launch to explain how businesses can benefit from participating. Read on to find out more about the programme and how to benefit. Over the past few years, the EU has developed several programmes […]
Read MoreIs a circular economy possible by 2050?
Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. A circular economy will reduce CO2 emissions, stimulate economic growth and create jobs. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three […]
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