03 Sep
Member News

Portuguese Footwear industry to invest €160m by 2020 as export drive continues

Portugal's footwear manufacturing sector expects to invest some €160 million between now and 2020 and aims to obtain "formal public recognition" as an industrial cluster, the leather and footwear sector association APICCAPS announced on Tuesday. According to the group, the planned investments with European Union help are to be channeled above all into innovation, with €50 million above all going to explore new techniques, technologies and materials; internationalization, with €70 million; and training, with €36 million. Over the next decade the...

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03 Sep
Chapter News

ECB press conference

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively.   Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council. As usual, let me start with the decisions...

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02 Sep
Member News

Robert Bosch Foundation Fellowship Program: Call for Nominations

The Robert Bosch Foundation and Cultural Vistas invite US professionals to apply for the 2016-2017 Robert Bosch Foundation Fellowship Program. Bosch Fellows work as consultants in their field of expertise at leading public or private institutions in Germany. Fellows also participate in professional seminars, where they travel to meet and exchange ideas with key figures across Germany and Europe. Fellows are from the fields of business administration, cultural management, journalism, law, non-profit, public policy, and urban planning. PROGRAM HIGHLIGHTS: High-level work...

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02 Sep
Chapter News, New York Related News

Governor Cuomo on Rebuilding the Upstate Economy

For many years, Upstate New York was treated like a second class citizen, forced to watch Downstate thrive as the Upstate economy dwindled. Upstate was literally losing population and jobs – and maybe most importantly, it was losing hope. Much of this was a function of the changing economy, which shifted manufacturing to overseas. Also, some people left Upstate New York for warmer climates in what has become a more mobile society. But it is just as true that the...

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01 Sep
Chapter News

Sustainable development in the EU Is the European Union moving towards sustainable development? A statistical assessment of progress

Sustainable development policy aims to achieve a continuous improvement in citizens’ quality of life and well-being. This involves the pursuit of economic progress, while safeguarding the natural environment and promoting social justice. The economic, environmental and social dimensions are all part of the EU Sustainable Development Strategy (EU SDS) adopted in 2001 and renewed in 2006. The EU SDS also includes an institutional and a global dimension, with the adoption of good governance practices in the EU as well as...

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01 Sep
Chapter News

EIB and EU Committee of Regions intensify co-operation to boost Europe’s economic recovery

The President of the Committee of Regions (CoR) - Markku Markkula - met with European Investment Bank (EIB) President Werner Hoyer in Luxembourg today to discuss joint efforts to enhance private investment and recovery across Europe. In this context, EIB President Hoyer said: "Cooperation between our institutions is of great benefit for the citizens in Europe. Within the European Union, the Committee of Regions has a very good understanding of local needs and challenges “on the ground”. This helps the...

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31 Aug
Member News

Why Every Company Needs a Crisis Communication Plan

Crises that can seriously damage a company’s and/or brand’s reputation are happening more frequently than ever, and thanks to the lightning speed of Internet communications, the news spreads fast. In spite of this, the majority of small and mid-size companies we work with have done little or no advanced planning to help get through a crisis. In addition, many very large international corporations are equally unprepared. Foreign companies are typically less prepared for crises in the U.S. than their...

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31 Aug
Member News

US CMBS Delinquency Rate Inches Up in August

Download the PDF version of the August 2015 CMBS Delinquency Report The Trepp CMBS Delinquency Rate continued its summer trend of oscillation and inched up slightly in August. The delinquency rate for US commercial real estate loans in CMBS moved up three basis points in August to 5.45%. The increase undid July's three-basis-point improvement. The rate is now 65 basis points lower than the year-ago level and 30 basis points lower year-to-date. In August, $1.3 billion in loans became newly delinquent,...

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31 Aug
Chapter News

EUROSTAT Flash estimate – August 2015 Euro area annual inflation stable at 0.2%

Euro area1 annual inflation2 is expected to be 0.2% in August2015, stable compared to July20153, according to a flash estimate4 from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco (1.2%, compared with 0.9% in July) andservices (1.2%, stable compared withJuly) are expected to have the highest annual rate in August, followed by non-energy industrial goods (0.6%, compared with 0.4% in July) and energy (-7.1%, compared with -5.6%...

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31 Aug
Chapter News

ECB publishes Guideline amending the General Documentation on monetary policy implementation

Counterparty eligibility assessment to take into account information on capital, leverage and liquidity ratios New category of assets added as eligible collateral Today the European Central Bank (ECB) has published a new Guideline (ECB/2015/27) amending the General Documentation (GD) on the implementation of the Eurosystem’s monetary policy. The new Guideline introduces some changes to the monetary policy implementation framework: First, the provisions on counterparty eligibility have been revised in light of recent legislative developments in the implementation of the Banking Union. In...

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