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
Member News, News

Bragging For Women is Launching in New York

Lena Beck Rørvig, CEO and Founder of EACCNY member Beck Global Consulting, is launching her new concept braggingforwomen  in New York City on January 27th, 2015. What is braggingforwomen? For Creator and Founder Lena Beck Rørvig, the mission is to give women the tools, guidance and encouragement to advocate for themselves at their workplace. Give them the confidence and inspiration to be proud of who they are and what they have accomplished and can accomplish. By Lena Beck Rørvig: "I am very excited about this new wave towards...

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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
Member News, News

Got Shale? What Could Declining Oil Prices Do to CMBS?

The price of oil dropped several more percentage points on Monday, falling below $50 for the first time since 2009. We do not pretend to be experts in Texas or Oklahoma geography, but we did take a crack at trying to put together a list of loans in certain geographies that could be affected by plummeting oil prices. Our analysts started by creating a list of zip codes that fell within the shale drilling areas. (One such shale map is here). From there,...

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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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02 Jan
Chapter News, News

Stability and Prosperity in Monetary Union

Opinion piece by Mario Draghi, President of the ECB, for Project Syndicate, 2 January 2015 There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries – and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it...

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29 Dec
Member News, News

Crimea and Sevastopol – Substantial EU additional sanctions on investment, services and trade

In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June1 and 30 July2 targeting cooperation and exchanges with those regions. The recent Council Regulation (EU) No 1351/20143 (hereinafter the “New Regulation”) substantially broadens the former restrictions, notably the scope of the ban on investments. Enlargement of the scope of the EU restrictive measures...

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