24 Sep
Member News

DS-Concept Provides $1 Million Export Factoring Facility to German Components Manufacturer

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a components manufacturer in Germany. The client, a manufacturer of machinery components for power plants and energy suppliers, anticipates an annual factored volume of $10MM-$12MM. With this new export factoring facility in place, the client will continue to focus on their growing exports within the European Union. The DS-Concept Group maintains a network of offices and affiliates all over the world, including...

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24 Sep
News

Eurosystem adjusts purchase process in ABS programme

  Nationale Bank van België/Banque Nationale de Belgique to take up asset management task in ABSPP Banque de France to extend asset management to more jurisdictions Contracts with two external executing asset managers extended Adjustment in line with goal of implementing increased purchases by Eurosystem central banks The Governing Council of the European Central Bank (ECB) decided to increase the proportion of purchases by national central banks rather than external managers in the Asset-Backed Securities Purchase Programme, as announced when the programme was first...

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24 Sep
Chapter News

IMF Completes Eighth Review of Cyprus’ EFF and Approves €126 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the eighth review of Cyprus’s economic adjustment program supported by the Extended Fund Facility (EFF) arrangement. The completion of the review enables the disbursement of SDR 99 million (about €126 million), which brings total disbursements under the program to SDR 693 million (about €882 million). Completion of the ninth review would be expected to take place before the end of the year. The three-year, SDR 891 million (about €1...

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24 Sep
Chapter News

Have your say on geo-blocking and the role of platforms in the online economy

The Commission wants to hear from citizens, manufacturers, retailers (especially SMEs), right holders, data and cloud service providers and users, as well as all those involved in the collaborative economy. Today the European Commission is launching a public debate with two consultations: one on geo-blocking and the other one on platforms, online intermediaries, data, cloud computing and the collaborative economy. Views expressed and information gathered will help the Commission assess the need for, or prepare initiatives as part of the...

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23 Sep
Chapter News

“We will not hesitate to act if inflation outlook weakens”, Draghi tells EU MEPs

ECB President Mario Draghi painted a somewhat downbeat picture of economic developments in the Eurozone but assured Economic and Monetary Affairs Committee MEPs that the ECB "will not hesitate to act if some of the downward risks weaken the inflation outlook over the mid-term more fundamentally than we project at present". He hinted at the possibility of adjusting the size, composition and duration of the ECB’s asset purchase programme, to add monetary policy impetus if necessary. In this year’s third...

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23 Sep
Chapter News

COP 21: environment MEPs adopt mandate for Paris climate talks

The environment committee said on Wednesday that Parliament's delegation to the COP 21 climate talks in Paris must call for a 40% cut in greenhouse gas emissions by 2030, a 40% energy-efficiency target and a binding 30% target for renewable energy. In a resolution adopted by 55 votes to 5, with 8 abstentions, the committee also says a share of the EU's carbon market allowances should be earmarked for climate finance and the aviation and shipping sectors should initiate measures...

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23 Sep
Chapter News

Celebrating the European Day of Languages: Why Learn Another Language?

Multilingualism is central to the European Union’s cultural heritage, and the EU protects its linguistic diversity, promotes language learning, and encourages its citizens to become multilingual. Multilingualism allows people to take full advantage of the opportunities offered across the EU, from employment to culture, from living or retiring in another EU country to undertaking multinational business ventures. Now in its 15th year, the European Day of Languages is celebrated on September 26 each year with numerous events highlighting the positive...

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22 Sep
Chapter News, Trade & TTIP Related

Malmström and Froman discussed upcoming TTIP negotiations

EU Trade Commissioner Cecilia Malmström today met with her American counterpart, US Trade Representative Michael Froman, in Washington DC. The purpose of the meeting was to take stock of the ongoing negotiations on a Transatlantic Trade and Investment Partnership (TTIP). Both sides agreed on the need to accelerate discussions and achieve progress in all areas under negotiation. To give an additional boost to the talks, contacts between negotiating teams will be intensified. “We need to intensify the pace of our negotiations....

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22 Sep
Chapter News

EIB Investment Plan for Europe

The Investment Plan for Europe aims to revive investment in strategic projects around Europe to ensure that money reaches the real economy. This should unlock additional investment of at least EUR 315bn over the next three years. What is the European Fund for Strategic Investments (EFSI)? EFSI is an initiative launched jointly by the EIB Group and the European Commission to help overcome the current investment gap in the EU by mobilising private financing for strategic investments. EFSI is a EUR 16...

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22 Sep
Member News

50 New Generation Study Abroad Teacher Grants Available

The IIE-AIFS Foundation Generation Study Abroad Enrichment Grants Program recognizes U.S. secondary-level teachers who have shown to be outstanding advocates for study abroad. The program is a professional development opportunity for teachers who have taken the Generation Study Abroad pledge to prepare their students for global citizenship and study abroad. Fifty enrichment grants of $1,000 each are available to teachers to conduct any learning activity in the United States or abroad that enhances their international outlook and global experience. About...

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