25 Jul
Chapter News

IMF Executive Board Consultation on Euro Area Policies

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with the Euro Area. The recovery is strengthening, driven by rising domestic demand and supported by lower oil prices, the ECB’s quantitative easing under the expanded asset purchase program, and a weaker euro. The improving sentiment, rising inflation expectations, and easing credit conditions suggest that the recovery is likely to continue in the near term. In this context, euro area GDP is expected to accelerate from...

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23 Jul
Chapter News, News

ECB and partners sign memorandum of understanding on new €20 banknote

The European Central Bank today signed a memorandum of understanding (MoU) with European industry associations, banknote equipment manufacturers and other partners. This strengthens the ECB’s Partnership Programme, which contributed to the smooth introduction of the new €10 banknote in 2014. The signatories of the MoU agree to do everything in their capacity to ensure that banknote handling machines, vending and ticketing machines and authentication devices will accept the new €20 banknote by 25 November 2015, the day the new notes...

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22 Jul
Member News, News

Residential Real Estate Valuation Model Contest

Real estate valuation modeling (specification and calibration) has evolved significantly in the past 40 years. To demonstrate the current statistical quality and variety of valuation model structures, the GIS/CAMA Technologies Conference organizers, International Association of Assessing Officers (IAAO) and Urban and Regional Information Systems Association (URISA) and sponsor, NCSS, LLC, are supporting the Residential Valuation Model Contest. IPTI, the International Property Tax Institute, a member of the EACCNY is asking beginner-to-expert volunteer modelers to provide their talents for the competition....

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22 Jul
Chapter News

Investment Plan for Europe: European Fund for Strategic Investments ready for take-off in autumn

Today the European Commission has put the final building blocks in place to kick-start investment in the real economy. A package of measures agreed today will ensure that the European Fund for Strategic Investments (EFSI) is up and running by early autumn 2015, keeping the ambitious timetable set by President Jean-Claude Juncker to implement the Investment Plan for Europe. The Commission has just published a Communication on the role of National Promotional Banks (NPBs) in supporting the Investment Plan for...

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22 Jul
Member News, News

CBP Issues Directive on GSP Refund Procedures

On June 29, 2015, President Obama signed the Trade Preferences Extension Act of 2015 (H.R. 1295), which renewed the Generalized System of Preferences program (GSP), effective July 29, 2015 and retroactively to July 31, 2013. CBP has posted a directive on its website outlining how it intends to process duty refunds for GSP eligible merchandise which was entered between July 31, 2013, and July 29, 2015. CBP states that it will process refunds for entries filed via the Automated Broker...

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21 Jul
Member News

A very Special Moment for Sixième Son

By Michaël Boumendil, Managing Director & Founder, Sixieme Son – A member of the EACCNY I want to share a funny adventure that has just happened to us. It has been in the press but I wanted to tell you the story directly. At a time when preparations began for the 20th anniversary of Sixième Son, David Gilmour of Pink Floyd offered us a wonderful gift. David is not only singer and guitarist for Pink Floyd, he’s a legend, he is...

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20 Jul
Member News

TREPP Trading Alert: A&P Files for Bankruptcy for Second Time in Five Years

According to the Wall Street Journal and others, grocery chain A&P filed for bankruptcy yesterday for the second time in five years. The Chapter 11 filing will result in 25 stores closing in the near future and another 120 being put up for sale. It was said that Acme, Stop and Shop, and Key Foods were among the bidders. The firm operates under various names in the Northeast and Mid-Atlantic states of the US. A posting on the ...

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20 Jul
Chapter News

EU Council Conclusions on Climate Diplomacy

1. Recalling its conclusions of July 2011 and June 2013 and the Foreign Affairs Council discussion of January 2015 which endorsed the Climate Diplomacy Action Plan, the Council adopted the following conclusions: 2. Climate change, as underlined by the latest scientific findings by the Intergovernmental Panel on Climate Change (IPCC), is a decisive global challenge which, if not urgently managed, will put at risk not only the environment but also world economic prosperity, poverty reduction, sustainable development and, more broadly,...

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20 Jul
Chapter News

EU Council Conclusions on Energy Diplomacy

1. The Communication "A Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy" of 25 February 2015 and the European Council Conclusions of 19-20 March 2015 recognised the importance of the external dimension of the Energy Union. The objectives of the Energy Union can only be met if the external and the internal dimensions of energy policy, in particular a fully functioning Internal Energy Market, are mutually reinforcing. 2. EU policy objectives defined in the EU...

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