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Chapter News, News, Trade & TTIP Related

European Council calls for an ambitious approach for a competitive single market

The Council today adopted conclusions on "A new level of ambition for a competitive single market". These conclusions are the Council's response to recent calls from the European Council for an integrated, forward-looking approach to the single market, which should connect all relevant policies and remove remaining unjustified barriers and avoiding creating new ones, in particular on freedom to provide services and on digitalisation. The single market is a huge achievement and a cornerstone for the robustness and the global...

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EU Parliament releases updated seat projection for new Parliament- Election 2019

New, updated seat projection for the new European Parliament based on final and provisional results in 27 countries and estimates in one more: Provisional results 28-05  This new projection is based on: • Final results in 13 countries: Austria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Luxembourg, Poland, Slovakia, UK. • Provisional results in 14 countries: Belgium, Bulgaria, Greece, Hungary, Italy, Latvia, Lithuania, Malta, Netherlands, Portugal, Romania, Slovenia, Spain, Sweden, • National estimates from one country: Ireland Turnout estimates indicate a significant increase in...

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Chapter News, News

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook highlights that most SME job creation has been in sectors with below average productivity levels, with SMEs typically paying employees around 20 percent less than large firms. While SMEs are more engaged in new organisational or marketing practices...

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General Data Protection Regulation: one year on

On 25 May 2019, the General Data Protection Regulation will celebrate its first year of entry into application. To mark the occasion, Andrus Ansip, Vice-President for the Digital Single Market and Věra Jourová, Commissioner for Justice, Consumers and Gender Equality, issued the following statement: “25 May marks the anniversary of Europe's new data protection rules, the General Data Protection Regulation, also widely known as the GDPR. These game-changing rules have not only made Europe fit for the digital age, they...

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Chapter News, News, Trade & TTIP Related

Fairness in the food supply chain: Commission proposes to increase price transparency

Having banned unfair trading practices and improved producer cooperation, the Commission is today presenting the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain. The European Commission today tabled a proposal that will make available crucial information on how prices are determined as agri-food products move along the food supply chain. Buying and selling price differences can provide information about intermediary costs (such as transport, insurance, storage,...

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Chapter News, News

Germany: Staff Concluding Statement of the 2019 Article IV Mission

May 17, 2019 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic...

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European Elections 2019 Campaign Tracker

To help keep track of the European election campaigns, the European Parliament Press service provides a daily newsfeed on country-specific electoral facts, events and debates in all member states.  Here is the update for 24 May: VOTING TODAY: Czechia and Ireland are going to the polls today, to elect 21 and 11 MEPs respectively. Tomorrow’s voters are Czechia for the second day, Latvia, Malta and Slovakia. EUROPE. Lead candidates have travelled the continent to vote. Violeta Tomić (EL) voted early on...

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Brexit News, Chapter News, News

Prime Minister Theresa May’s speech on new Brexit deal

Transcript of speech delivered 21 May 2019  I became Prime Minister almost three years ago – immediately after the British people voted to leave the European Union. My aim was – and is - to deliver Brexit and help our country move beyond the division of the referendum and into a better future. A country that works for everyone. Where everyone has the chance to get on in life and to go as far as their own talent and hard work can take...

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Circular Economy: Commission welcomes Council final adoption of new rules on single-use plastics to reduce marine plastic litter

Brussels, 21 May 2019 The Council of the EU today adopted the ambitious measures proposed by the Commission to tackle marine litter coming from the 10 single-use plastic products most often found on European beaches, as well as abandoned fishing gear and oxo-degradable plastics. The rules on Single-Use Plastics items and fishing gear envisage different measures to apply to different product and place the EU at the forefront of the global fight against marine litter. Where alternatives are easily available and...

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Chapter News, News, Trade & TTIP Related, Uncategorized

Extra-EU trade in goods by invoicing currency – Euro was the most used currency for EU exports and US dollars for EU imports in 2018

Brussels, 20 May 2019 Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade...

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