Chapter News, News

Five Festive Tips to Avoid on-line Fraud

Compliments of the European Commission 1. All that glistens is not gold Offers too good to be true often are too good to be true. Be extra-careful in checking “*” and other “small print” conditions. Verify that conditions of delivery and especially return are well explained. Pay attention to hidden subscriptions when you accept a free sample. Also watch out for fake Trustmark logos and check if the Trustmark in question really exists 2. Cash is not king: choose a secure method...

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Justice Council: We need a simple Solution for Citizens and Business on Data Protection

Viviane Reding, Vice-President of the European Commission, EU Justice Commissioner| Press Conference at the Justice and Home Affairs Council /Brussels 6 December 2013 Today's Justice Council meeting can be easily summarised: It was a disappointing day for data protection but an excellent day for other justice for growth measures! Let me start with the good news first: Today Ministers found political agreement on two important files that will help the European economy. Cross-border debt recovery Thanks to the agreement on the European Account Preservation...

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European Commission Proposal to Pave Way for Unitary Patent backed by Ministers

Justice Ministers have today reached agreement in record time on a European Commission proposal (IP/13/750) to complete the legal framework for Europe-wide patent protection. The proposal will update EU rules on the jurisdiction of courts and recognition of judgements (the so-called “Brussels I Regulation”) and thereby pave the way for a specialised European patent court – the Unified Patent Court – to become operational. The court will have specialised jurisdiction in patent disputes, avoiding multiple litigation cases in up to...

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Chapter News, New York Related News, News

Deputy Mayor Steel and NYCEDC Announce Two New Initiatives to Dramatically Grow City’s Life Sciences Sector

$100 Million Early-Stage Life Sciences Funding Initiative to Launch Breakthrough New Ventures With Anchor Funding from NYCEDC, Celgene, GE Ventures, and Eli Lilly and Company Icahn School of Medicine at Mount Sinai, in Partnership With Rensselaer Polytechnic Institute, to Form New Institute of Technology to Train Future Leaders in Development of Technology-Based Solutions to Critical Healthcare Needs Deputy Mayor for Economic Development Robert K. Steel and New York City Economic Development Corporation President Kyle Kimball today announced two major initiatives to...

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European Central Bank Keeps Interest Rates Unchanged

The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively. __________________ Introductory statement to the press conference by Mario Draghi, President of the ECB, Frankfurt am Main, 5 December 2013 Ladies and gentlemen, I am very pleased to welcome you to our press conference. I will now report on the outcome of today’s meeting...

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Member News, News

Above-average Growth in R&D Budgets in Austria in 2012

In 2012 global budgets for research and development climbed by 5.8 percent to USD 638 billion, a clear continuation of the growth trend in recent years following the economic crisis of 2009. This is the conclusion of the "Global Innovation 1000" study of the strategic consulting company Booz & Company. For the ninth straight year, the company analyzed the budgets of the 1,000 companies with the highest R&D expenditures in the world. Due to the crisis, European investments in research and...

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Youth Employment: Commission Proposes Standards to Improve Quality of Traineeships

Guidelines to enable trainees to acquire high-quality work experience under safe and fair conditions, and to increase their chances of finding a good quality job, have been proposed today by the European Commission. The proposal for a Council Recommendation on a Quality Framework for Traineeships would in particular call on Member States to ensure that national law or practice respects the principles set out in the guidelines, and to adapt their legislation where necessary. Traineeships are a key element of...

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Permanent Representatives Committee Agrees on Directive Improving Rules for Collective Investment Funds

EU Permanent Representative Committee (COREPER II) on December 4 in Brussels has confirmed the Member States agreement on the Directive amending the current legislation on the harmonised functioning of collective investment funds and aiming at strengthening investors confidence. The agreement on the Directive to undertakings for collective investment in transferable securities as regards depositary functions, remuneration policies and sanctions (UCITS V) enables the Council to start negotiations with European Parliament, with a view to have a final agreement on this...

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EU Council Adopts the Multiannual Financial Framework 2014-2020

December 3, 2013 -- Today's decision marks the end of two and a half years of negotiations and allows the new generation of EU spending programmes to be implemented as from 1 January 2014. The Council today adopted/1 the regulation laying down the EU's multiannual financial framework (MFF) for 2014-2020 (11791/7/13). This follows the European Parliament's consent of 19 November. Today's decision marks the end of two and a half years of negotiations and allows the new generation of EU...

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Vivian Reding: Towards a Federal Europe: What We Can Learn from Our Central Banks

Speech by Viviane Reding, Vice-President of the European Commission, EU Justice Commissioner 25th Anniversary of the OeNB-Brussels Representative Office/Brussels | 3 December 2013 Main Messages: The way monetary policy works in the euro area today is really a model for how we should work together in our Union. The Maastricht Treaty left economic and fiscal policy at national level. We built a house without a solid foundation. And the crisis brutally exposed this fault. I urge Member States to adopt the Commission's...

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