Chapter News

16 Jan
Chapter News, News

A Successful Euro Changeover in Lithuania

16 January 2015 Lithuania's changeover from the litas to the euro has been smooth and successful. As of today, it is no longer possible to make payments in Lithuanian litas, the 15 days dual circulation period having ended on 15 January. No major problems were encountered and banks, post offices and retailers coped well with the extra workload caused by the changeover process and the parallel handling of two currencies. According to a Commission survey, on Wednesday 14 January 2015, nearly...

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15 Jan
Chapter News, New York Related News

Mayor De Blasio Announces Tax Reform To Provide Relief To Nyc Businesses And Manufacturers, Modernize Nyc’s Corporate Tax System

Revenue-neutral reform will streamline City and State taxes by merging bank tax into new corporate tax—eliminating burdensome administration and improving compliance, while broadening the city’s tax base NEW YORK—Mayor Bill de Blasio proposed today a major reform of New York City’s corporate tax structure, modernizing an outdated system, providing vital tax relief to the city’s small businesses and local manufacturers, and streamlining City and State corporate tax codes. The revenue-neutral reforms will be retroactive to January 1, 2015. Certain New York City...

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15 Jan
Chapter News, News

Employment and Social Developments: Annual Review Highlights Key Factors Behind Resilience to Crisis

Brussels, 15 January 2015 Countries providing high quality jobs and effective social protection as well as investment in human capital have proved to be more resilient to the economic crisis. This is one of the main findings of the 2014 Employment and Social Developments in Europe Review, which has looked back to the consequences of the recession. It also stresses the need to invest in the formation and maintenance of the right skills of the workforce to support productivity, as...

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13 Jan
Chapter News, News

Delivery of €315 billion Investment Plan on track: Commission presents law for the European Fund for Strategic Investments

Strasbourg, 13 January 2015 Just 50 days after announcing its ambitious Investment Plan for Europe to boost jobs and growth, the European Commission today adopted the legislative proposal for the European Fund for Strategic Investments, which will be established in close partnership with the European Investment Bank (EIB). The Fund is at the very heart of President Juncker's Investment Offensive, which will mobilise at least €315 billion in private and public investment across the European Union. This will especially support...

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12 Jan
Chapter News, News, Uncategorized

Speech by Vice-President Katainen to Bruegel Seminar: An Investment Plan for Europe

Brussels, 12 January 2015 Dear Guntram, dear participants, Many thanks for the opportunity to debate our investment plan. As a leading Central Banker said, it is the only plan around, so that means that we need to make it a good one. I would be happy to address your doubts and get your suggestions on how to make it better. The Commission has delivered fast. Less than two months after announcing its ambitious strategy to boost jobs and growth, the European Commission will...

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12 Jan
Chapter News

The Euro Changeover in Lithuania is Reaching its Final Stage

Brussels, 12 January 2015 Lithuania adopted the euro on 1 January 2015, thus becoming the 19th member of the euro area. With the dual circulation period ending on 15 January, a crucial part of the changeover will be completed this week. The retail sector continues to cope well with the changeover process and parallel handling of two currencies and Lithuanians' transition to euro cash is smooth. According to a recent Commission survey, by 10 January more than two out of three...

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12 Jan
Chapter News, News

Cutting Red Tape: Savings of up to €48 Million Thanks to New Rules for Cross-Border Judgments

Brussels, 09 January 2015 New rules applying as of tomorrow mean businesses and consumers will be able to resolve cross-border legal disputes more easily – bringing expected savings of up to €48 million each year in the EU. The rules abolish the costly and lengthy procedure, which is currently used 10,000 times per year to get judgments in civil and commercial matters recognised in other EU countries. Starting tomorrow, such cross-border judgments will be automatically enforceable across the EU. Consumers will...

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08 Jan
Chapter News, News, Trade & TTIP Related

European Commission publishes TTIP legal texts as part of transparency initiative

Brussels, 07 January 2015 The European Commission today published a raft of texts setting outEU proposals for legal text in the Transatlantic Trade and Investment Partnership (TTIP) it is negotiating with the US. This is the first time the Commission has made public such proposals in bilateral trade talks and reflects its commitment to greater transparency in the negotiations. 'I'm delighted that we can start the new year by clearly demonstrating through our actions the commitment we made to greater transparency...

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06 Jan
Chapter News, News

Atlantic Council: 2015 A Make or Break Year?

2015: A Make or Break Year? 2015 promises to be a pivotal year for the TTIP negotiations, and global trade generally. After a (hopefully) restful holiday season, a new Congress is coming to a snow-covered Washington today -- and the European Union is returning to work in Brussels to outline its goals for 2015. Trade is high on both agenda, as it should be. Difficult election campaigns in Greece, Spain, the UK and (next year) the United States mean that significant...

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06 Jan
Chapter News, News

A successful start for the euro changeover in Lithuania

European Commission - Fact Sheet | Brussels, 06 January 2015 On 1 January 2015, Lithuania adopted the euro as its official currency and the changeover is running smoothly and according to plan. The previous national currency – the litas – will be phased out during a transitional two-week dual circulation period when both currencies have legal tender status in Lithuania. By Saturday, 3 January, 89% of customers were getting their change in euro. No major problems were observed in banks...

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