From today, sending money across the euro area will be faster and safer than ever. Thanks to new EU rules on instant payments, people and businesses can now transfer money in euro within seconds, anytime – day or night, weekdays or weekends – whether within their own country or across the euro area. Since January 2025, payment service […]
EU to boost financial literacy and investment opportunities for citizens
The European Commission announced last September 30th two major initiatives to advance the Savings and Investments Union and deliver tangible benefits for all EU citizens. The comprehensive package focuses on improving financial literacy for all and at all life stages and introduces a blueprint for Savings and Investment Accounts (SIAs) – a tool aimed at making […]
Council reimposes restrictive measures to Iran
Last September 29, the Council agreed to reimpose a number of restrictive measures in relation to Iran’s nuclear proliferation activities, that had then been suspended with the entry into force of the Joint Plan of Action (JCPoA or Iran nuclear deal) in 2015. The decision was taken after the reintroduction of the UN sanctions, following of the UN […]
Internships – EIB Traineeships – Luxembourg
The European Investment Bank (EIB) is the European Union’s financing institution. Its task is to contribute towards the integration, balanced development and economic and social cohesion of the Member Countries. INTERNSHIPS: The departments of the EIB take on well-qualified trainees on an ad-hoc basis to carry out a one to five-month traineeship following a defined […]
Commission completes proposal for the 2028-2034 EU long-term budget
Last September 3, the Commission has adopted a second package of seven sectoral proposals completing the framework for the next long-term EU budget for 2028–2034. These legal acts complete the MFF 2028-2034 proposal, and cover the following areas: • The Single Market and Customs Programme; • The Justice Programme; • The Euratom Research and Training […]
Voluntary sustainability reporting standard to ease burden on SMEs
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 […]
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 […]
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 […]
EU adopts 18th package of sanctions against Russia
The European Commission welcomes the Council’s adoption of the 18th Russia sanctions package, aimed at further ramping up pressure on the country and supporting EU’s goal of achieving a just and lasting peace for Ukraine. The new measures focus on five building blocks: cutting Russia’s energy revenues, hitting Russia’s banking sector, further weakening its military-industrial […]