02 Apr
Uncategorized

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The European American Chamber of Commerce® hosts a wide variety of events, from in depth macro economic, legal and financial panel discussions featuring industry leaders, to smaller round table discussions on matters that directly affect individual small and medium size business. Our educational seminars, roundtables, panel-discussions and conferences are designed to educate our membership and the Tri-State region business community on matters relevant to both the US & European business communities. They provide a platform to exchange ideas and network...

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21 Nov
Uncategorized

EU Bank launches ambitious new climate strategy and Energy Lending Policy

The board of the European Investment Bank (EIB) today agreed a new energy lending policy and confirmed the EIB’s increased ambition in climate action and environmental sustainability. “Climate is the top issue on the political agenda of our time,” said EIB President Werner Hoyer. “Scientists estimate that we are currently heading for 3-4°C of temperature increase by the end of the century. If that happens, large portions of our planet will become uninhabitable, with disastrous consequences for people around the...

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12 Nov
Member News, Uncategorized

Markets Await Deal or Commitment to Less Tariffs

By Amy Chin, Executive Director, Tempus FX The U.S. Dollar remained in tight ranges over the long weekend here in America as global markets are in dull wait-to-see mode. With earnings already reported and central bank action coming with no major changes, all eyes will be focused on trade headlines and any change in tension in places like Hong Kong and London with a lot at stake. Without definite details, expect quiet with reaction to any developments. There will be data...

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06 Sep
Brexit News, Member News, News, Uncategorized

Vulcan Insight: Analysis of the latest EU Developments 2 – 6 September

Another tumultuous week in Westminster In case there was any doubt, the resumption of business in the House of Commons this week was anything but normal. Boris Johnson’s debut as Prime Minister was marked with defeat in all three Brexit votes, leading to the rapid loss of his working majority. Keep reading Dublin braces for Brexit damage Events in Westminster this week have dominated the political agenda in Dublin as the government ramps up its preparations for a No Deal Brexit. The Irish...

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04 Jun
Chapter News, News, Uncategorized

Minimum wages have increased across Europe, but will low-wage workers feel the difference?

Publication by Eurofound, June 4, 2019 There have been wage increases for minimum and low-wage earners in most EU Member States, with rises in statutory minimum wages in almost all countries since January 2018; including significant increases in Lithuania, Spain, Greece and low-wage newer Member States. While these increases are welcomed as good news for minimum wage workers, Eurofound’s research shows workers may not automatically feel the positive impacts of these changes in terms of income and reductions in wage...

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20 May
Chapter News, News, Trade & TTIP Related, Uncategorized

Extra-EU trade in goods by invoicing currency – Euro was the most used currency for EU exports and US dollars for EU imports in 2018

Brussels, 20 May 2019 Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade...

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15 May
Chapter News, News, Uncategorized

Capital markets union: Council adopts updated rules for financial derivative products and clearing

Press Release, 5/14/2019 The EU will soon have in place simplified rules for non-financial counterparties, small financial counterparties and pension funds using financial derivative products. The Council today adopted a regulation improving the existing regulatory framework applying to the over-the-counter (OTC) derivative market. The European Market Infrastructure Regulation (EMIR), adopted in 2012, forms part of the European regulatory response to the financial crisis, and specifically addresses the problems encountered in the functioning of the OTC derivatives market during the 2007-2008 financial crisis. The...

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01 May
Chapter News, News, Uncategorized

Strength in unity: Commission makes recommendations for the EU’s next strategic agenda 2019-2024

Brussels, 30 April 2019 Ahead of the meeting of EU27 leaders in Sibiu, Romania, on 9 May 2019, the European Commission is today setting out a number of policy recommendations for how Europe can shape its future in an increasingly multipolar and uncertain world. With the European Parliament elections on 23-26 May 2019 and the change of political leadership of the EU institutions that will follow, the time has come for new policy orientations and new priorities. As both the priorities...

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16 Apr
Brexit News, Chapter News, News, Uncategorized

Update by President Donald Tusk to the European Parliament; Report and concluding remark on the Special European Council (Art. 50) meeting on 10 April

  April 16, 2019 09:30 From this place I would like to say words of comfort and solidarity with the whole French nation in the face of the Paris tragedy. I say these words not only as the president of the European Council, but also as a citizen of Gdańsk, 90 percent destroyed and burnt, and later rebuilt. You will also rebuild your cathedral. From Strasbourg, the French capital of the European Union, I call on all the 28 Member States...

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09 Apr
Chapter News, News, Uncategorized

Vice-President Valdis Dombrovskis: Concluding remarks at the Conference on the Future of Work

Brussels, 9 April 2019 Ladies and gentlemen, I'd like to warmly thank today's participants for the insightful discussion about the future of work. One clear message from the Conference is that ‘the future of work is already today'. This means that when we talk of the ‘future of work', if we want to be correct in our English grammar, we should really be speaking about the ‘present continuous of work'. It's not a question of saying ‘labour markets will change'. Rather, it's already clear...

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