European institutions and agencies are acting decisively to mitigate the socio-economic impact of the coronavirus crisis in the European Union. Below we highlight what the European institutions have been working on so far: Forthcoming meetings Institutions Meetings Date European Council 06.12.2021 Eurogroup European Council 18.11.21 General Affarirs Council [toc] Significant events in this agenda are […]
Read More
¿What is the Economic and Financial Affairs Council (Ecofin)?
The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation issues and the regulation of financial services. How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. There are […]
Read More
EU forces more tax transparency on multinationals
As of October 2021, Panama is on the EU list of non-cooperative jurisdictions for tax purposes. Multinational companies will have to disclose publicly how much tax they pay in each EU country, which will increase scrutiny of their tax practices. On 11 November MEPs will vote on a provisional agreement with the Council that would […]
Read More
Why does the EU want to regulate the platform economy?
The last two decades have been marked by the unprecedented development of the online world – the rise of new technologies, companies, new ways of working, shopping, booking accommodation or even ordering food and transport. The e-Commerce directive, the cornerstone of the digital single market, was adopted in 2000, when platforms like Amazon, Google and Booking.com […]
Read More
Autumn 2021 Economic Forecast for Spain and the EU
The EU economy is rebounding from the pandemic recession faster than expected. As vaccination campaigns progressed and restrictions started to be lifted, growth resumed in spring and continued unabated through summer, underpinned by the re-opening of the economy. Despite mounting headwinds, the EU economy is projected to keep expanding over the forecast horizon, achieving a […]
Read More
New road charging rules adopted by Council
The Council today gave its green light for stronger and wider road charging rules (Eurovignette directive) to incentivise cleaner and more efficient transport operations. The revised law includes a new scheme to address CO2 emissions to reduce transport’s carbon footprint in line with the European Green Deal and the Paris Agreement. “These new road pricing rules and a […]
Read More
€1.4 million to support dismissed workers in automotive sector in Spain
The European Commission proposes to support 320 dismissed workers in the automotive sector in the Aragón region in Spain, who lost their jobs due to the COVID-19 pandemic. The proposed €1.4 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) will help these people find new jobs through further education or training. The […]
Read More
REACT-EU: Commission approves a further EUR 923 million for Spain’s recovery
The Commission has granted €923 million for Spain’s digital and green recovery and transition under REACT-EU, to be implemented through the European Regional Development Fund (ERDF) and European Social Fund (ESF) operational programs. Elisa Ferreira, Commissioner for Cohesion and Reforms, said: “Cohesion policy has been at the forefront of the fight against the economic, social […]
Read More
Spanish GDP registered a variation of 2.0% in the third quarter of 2021
According to the advance published by the INE, the Gross Domestic Product (GDP) generated by the Spanish economy, measured in chained volume terms with reference to 2015, registered a quarter-on-quarter variation of 2.0% in the third quarter of 2021. This rate is nine tenths of a percentage point higher than that estimated for the second […]
Read More