24 Jun
Chapter News

ECB is closely monitoring financial markets

European Central Bank is closely monitoring financial markets ECB continues to fulfil its responsibilities to ensure price stability and financial stability in the euro area Following the outcome of the UK referendum, the European Central Bank (ECB) is closely monitoring financial markets and is in close contact with other central banks. The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies. The ECB has prepared for this contingency in close contact with the banks that it supervises and...

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24 Jun
Chapter News

Statement by President Donald Tusk on the outcome of the referendum in the UK

There's no hiding the fact that we wanted a different outcome of yesterday's referendum. I am fully aware of how serious, or even dramatic, this moment is politically. And there's no way of predicting all the political consequences of this event, especially for the UK. It is a historic moment but for sure not a moment for hysterical reactions. I want to reassure everyone that we are prepared also for this negative scenario. As you know the EU is...

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23 Jun
Member News

The EU Blue Card – What you need to know

The EU Blue Card is a work and residence permit granted by a member state of the European Union. Citizens of third countries can apply for it in order to commence employment in the specific EU state. Its name is derived from the U.S. "Green Card" and the blue color of the European flag. The legal basis is EU Directive 2009/50/EC. In October 2007, the European Commission adopted two proposals: the first one known as the EU Blue Card Directive,...

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23 Jun
New York Related News

Governor Cuomo Announces $200 Million Airport Redesign Competition Accepting Applications Until July 1

Funding will Accelerate State Investments to Reimagine Upstate Commercial Passenger and Cargo Service Airports for the 21st Century Applications Being Accepted Until July 1 – Eligible Airports Can Apply Here Governor Andrew M. Cuomo today announced that New York State is in the process of accepting applications for the new $200 million Upstate Airport Economic Development and Revitalization competition and will continue to accept applications until July 1. The initiative includes $190 million to support the competition, which will solicit proposals...

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23 Jun
Member News

Tax Alert Ecofin reaches political agreement on the Anti Tax Avoidance Directive and removes the switch-over clause

On 20 June 2016, Ecofin reached political agreement on the Anti Tax Avoidance Directive (“ATAD”). The rules included in the ATAD will have an impact on the corporate income tax position of companies operating in the European Union (“EU”), including the Netherlands. Unlike the earlier drafts of the ATAD, the final draft ATAD dated 17 June 2016 no longer includes the switch-over clause. The switch-over clause could have adversely affected the Dutch participation exemption regime.The ATAD is aimed at...

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23 Jun
Chapter News

‘Make Europe the innovation hub of the world’

What is crucial to create a smart Europe? This question framed the first day of the European conference Industrial Technologies 2016, Wednesday 22 June in Amsterdam. The world is changing rapidly and we need to come out of our comfort zone to make our factories future proof. It’s eat or be eaten. With this message opened Ineke Dezentjé Hamming-Bluemink, chair of FME and president of CEEMET, the conference. Pan-European policy All keynote speakers underlined the importance of a pan-European policy to...

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23 Jun
Chapter News

“Baltic plan”: first long-term fishing plan under new Common Fisheries Policy

The EU multiannual plan for managing Baltic Sea cod, sprat and herring stocks was approved in plenary on Thursday. This is the first new Common Fisheries Policy (CFP) regional plan that takes account of interactions between species. It aims to ensure the sustainability of fisheries and offer fishermen better economic conditions in the long run. Parliament and Council negotiators reached an informal agreement on it in March. The multispecies management approach is much more effective than managing a single species....

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23 Jun
Chapter News

Monetary policy in the euro area: scope, principles and limits

Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the Natixis Meeting of Chief Economists, Paris, 23 June 2016 Ladies and gentlemen, The past few years, not to speak of present days, have been challenging ones for central banks worldwide, and the euro area has been no exception. The ECB’s monetary policy decisions have come under greater scrutiny than ever before. Some commentators have argued that the ECB does not have sufficient tools to counter deflationary...

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23 Jun
Chapter News

More ambition and consumer-orientation in 2020 energy targets and beyond?

The EU's renewable energy target - 20% of total consumption by 2020 - has already been hit by many EU member states. But others lag behind and must do more, MEPs urge in a resolution, voted on Thursday, on the EU Commission's “renewables progress report." To achieve the EU's energy efficiency target - a 20% gain by 2020 – member states need to implement EU legislation faster, and in full, says a second resolution, also voted on Thursday. "Our concern...

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22 Jun
Chapter News

U.S. ITA Launches New U.S. Industry Internship for its Strategic Partners

In April 2016, the U.S. Secretary of Commerce, Penny Pritzker, launched the Department’s new Commercial Diplomacy Institute (CDI) as a vehicle to advance government to business partnerships by promoting stronger professional development and thought leadership opportunities in the commercial diplomacy field.   One of CDI’s newest programs is the U.S. Industry Internship Program (USIIP). USIIP allows our strategic partners to host experienced trade professionals for a period of up to 90 days over a calendar year. This mutually beneficial exchange...

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