29 Sep
Chapter News

Eurostat: 1 out of every 8 persons in the EU could be 80 or above by 2080

The European Union as a whole is confronted with an ageing population. In 2014, the proportion of persons aged 65 or over reached 18.5% in the EU and it is projected to further increase in the future to almost 30% by 2080. In particular, the proportion of persons aged 80 or over among the total population is expected to more than double, from just over 5% in 2014 to more than 12% by 2080. This demographic trend confronts the EU...

Read more

29 Sep
Member News

September Loss Analysis: Volume Back above $1 Billion, Severity Steady

CMBS loan liquidation volume rose back above $1 billion after lower summertime totals in July and August. In total, $1.02 billion across 70 loans were liquidated with losses in September. The majority of the increase can be attributed to the jump in average loan size to $14.56 million, up from $11.48 and $9.44 million in August and July respectively. Seven loans totaling $55.67 million took 100%+ losses, three of which were relatively small B notes. 1604 Broadway, a $25.70 million retail...

Read more

25 Sep
Chapter News, New York Related News

Empire State Development Announces Federal Grant Awarded To Global NY to Promote New York State Exports and Support Small Businesses

U.S. Small Business Administration Doubles New York’s Award In Round 4 Of STEP Program Empire State Development (ESD) today announced that Global NY, the agency’s international initiative, has been awarded a $663,893 State Trade and Export Promotion (STEP) Program grant from the U.S. Small Business Administration (SBA) to support the growth of New York exports to foreign markets around the globe. When combined with state matching funds, the STEP Program will invest more than $885,000 in small businesses statewide through...

Read more

25 Sep
Chapter News

Modernising VAT for cross-border e-commerce: Commission launches public consultation

The European Commission has launched a public consultation to help identify ways to simplify the Value-Added Tax (VAT) payments on cross-border e-commerce transactions in the EU. The Commission is seeking to receive a wide range of views from business owners and other interested parties before it drafts its legislative proposals on the topic in 2016, as part of the Digital Single Market strategy. Andrus Ansip, European Commission Vice-President for the Digital Single Market, said: "We promised to support companies, and especially...

Read more

25 Sep
Chapter News

EACCNJ Partners with NJIT Consortium to Win EU Grant Promoting Economies on Both Sides of the Atlantic

NEWARK – A consortium of academic, policy and business organizations led by the New Jersey Institute of Technology (NJIT) has been awarded a “Getting to Know Europe” grant from the Delegation of the European Union (EU) that is designed to boost economies on both sides of the Atlantic through the expansion of cooperation and trade. Over the next two years, NJIT, through its New Jersey Innovation Institute, and its partners will organize forums on topics of mutual interest to EU...

Read more

24 Sep
Member News

DS-Concept Provides $1 Million Export Factoring Facility to German Components Manufacturer

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a components manufacturer in Germany. The client, a manufacturer of machinery components for power plants and energy suppliers, anticipates an annual factored volume of $10MM-$12MM. With this new export factoring facility in place, the client will continue to focus on their growing exports within the European Union. The DS-Concept Group maintains a network of offices and affiliates all over the world, including...

Read more

24 Sep
News

Eurosystem adjusts purchase process in ABS programme

  Nationale Bank van België/Banque Nationale de Belgique to take up asset management task in ABSPP Banque de France to extend asset management to more jurisdictions Contracts with two external executing asset managers extended Adjustment in line with goal of implementing increased purchases by Eurosystem central banks The Governing Council of the European Central Bank (ECB) decided to increase the proportion of purchases by national central banks rather than external managers in the Asset-Backed Securities Purchase Programme, as announced when the programme was first...

Read more

24 Sep
Chapter News

IMF Completes Eighth Review of Cyprus’ EFF and Approves €126 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the eighth review of Cyprus’s economic adjustment program supported by the Extended Fund Facility (EFF) arrangement. The completion of the review enables the disbursement of SDR 99 million (about €126 million), which brings total disbursements under the program to SDR 693 million (about €882 million). Completion of the ninth review would be expected to take place before the end of the year. The three-year, SDR 891 million (about €1...

Read more

24 Sep
Chapter News

Have your say on geo-blocking and the role of platforms in the online economy

The Commission wants to hear from citizens, manufacturers, retailers (especially SMEs), right holders, data and cloud service providers and users, as well as all those involved in the collaborative economy. Today the European Commission is launching a public debate with two consultations: one on geo-blocking and the other one on platforms, online intermediaries, data, cloud computing and the collaborative economy. Views expressed and information gathered will help the Commission assess the need for, or prepare initiatives as part of the...

Read more

23 Sep
Chapter News

“We will not hesitate to act if inflation outlook weakens”, Draghi tells EU MEPs

ECB President Mario Draghi painted a somewhat downbeat picture of economic developments in the Eurozone but assured Economic and Monetary Affairs Committee MEPs that the ECB "will not hesitate to act if some of the downward risks weaken the inflation outlook over the mid-term more fundamentally than we project at present". He hinted at the possibility of adjusting the size, composition and duration of the ECB’s asset purchase programme, to add monetary policy impetus if necessary. In this year’s third...

Read more

«‹172173174175176›»