03 Aug
Chapter News

Investment Plan for Europe: EIF And Credem Sign The First COSME Agreement To Benefit Italian Businesses

The European Investment Fund (EIF) and Credito Emiliano SpA (“Credem”), assisted by Finanziaria Internazionale (“FinInt”), have signed the first COSME transaction in Italy benefitting from the support of the European Fund for Strategic Investments (EFSI) through which the Investment Plan for Europe is being deployed by the European Commission and the EIB Group. The COSME agreement will provide Credem with a guarantee allowing the organisation to increase its lending volumes over the next 2 years, by providing loans to SMEs...

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03 Aug
Member News

Temporary U.S. Visitor Visas

Increasingly, foreign nationals who want to visit the U.S. temporarily – for business, to visit an ill relative, or for vacation – are unable to secure a U.S. visa. In some cases, their visa request is denied; in others, their existing visa is revoked. The applicant is typically seeking a B-1 (for business) and/or B-2 (for pleasure, tourism and / or medical treatment). And in the context of recent U.S. sanctions on Russians and Venezuelans, foreign nationals must also...

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31 Jul
Chapter News, Trade & TTIP Related

Report on the 10th Round of Negotiations for a Transatlantic Trade and Investment Partnership (TTIP)

The Commission today made public the report on the 10th round of negotiations for a Transatlantic Trade and Investment Partnership (TTIP), which took place from 13-17 July 2015 in Brussels. The text is now available online. This publication is part of the Commission’s transparency initiative and in line with the commitment to publish more information about the negotiations, along with legal proposals, position papers and other material. Other new documents released today include a paper for cooperation on textiles,...

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31 Jul
Member News

Honey, is that a drone outside our bathroom window?

Drones, also known as unmanned aerial vehicles or remotely piloted aircraft (RPA), are not new. Indeed, drones were first developed in the '50s and have been used by the military for years. However, drones have only recently come on the civilian market. There are many possible commercial applications for drones, ranging from leisure, photography and logistics to the surveillance of infrastructures and crops. As with all new technologies, it is expected that the development of RPA technology will create new...

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31 Jul
Member News

The quest for certainty in the Bitcoin world

Historically, national currencies were based on a gold standard, then gradually on the belief that the State which issues the currency will be able to guarantee its value and its stability. With the emergence of multiple financial and economic crises, the reliance on States and confidence in the financial industry have declined and virtual currencies, which were initially confined to a very few initiated people, gained the interest of an ever growing part of the population. Bitcoin and other virtual currencies...

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31 Jul
Member News

July CMBS Losses: Property Type and Loan Size

Trepp's July loss analysis showed a second straight month-over-month drop in CMBS loans resolved with losses. Four loans took losses of 100% or more and two B notes were written off in full. Another two B notes were resolved with less than 100% loss. The $65.00 million Philips at Sunrise Shopping Center loan was disposed with a 20.88% loss and the $33.00 million Goodwin Square office loan in Hartford, CT took an 83.60% loss. Ignoring one small manufactured housing loan that took a 150% loss,...

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30 Jul
Member News, Uncategorized

ESMA Issues Opinion on European Passport Extension

Further to recent briefings, ESMA has today published its advice in relation to the application of the Passport to non-EU AIFMs and AIFs (“Advice”) together with its opinion on the functioning of the passport for EU AIFMs and the national private placement regimes (“NPPRs”) (“Opinion”). The Advice and Opinion, required under AIFMD, will now be considered by the European Commission, Parliament and Council. Regarding the advice on the potential extension of the passport, ESMA opted for a country-by-country assessment to...

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30 Jul
Chapter News

European Commission to fund 3,3 million euros for project devised by NMusic

Aware that obtaining and analyzing Big Data is one of the greatest assets in an increasingly competitive and global market, NMusic defied a group of prestigious partners with know-how to take a part of the STREAMLINE project. This project intends to develop a tool that can make European companies and institutes more competitive by gathering, processing, optimizing data, and producing the most reliable analytics in real time. The challenge was raised by NMusic from a need identified a few years back...

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30 Jul
Chapter News

First quarter of 2015 Household real income per capita up in both euro area and EU28 Real consumption per capita also up in euro area and EU28

In the euro area, in real terms, household income per capita increased by 0.9% in the first quarter of 2015, after an increase of 0.1% in the previous quarter. Household real consumption per capita increased by 0.8% in the first quarter of 2015, after an increase of 0.2% in the previous quarter. Full text available on EUROSTAT website.

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30 Jul
Chapter News

Safety net measures for dairy, fruit and vegetables to be extended

Safety net measures for the European dairy, fruit and vegetables sectors will be extended into 2016. The European Commission is currently finalising the last details with a view to formally adopting the relevant legal decisions in the coming weeks as a matter of formality. The European Commission is aware of the challenges faced by European producers and to support them. For the fruit and vegetables sector, the foreseen measures may enter into force as of next week, while for the...

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