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Transatlantic News
Transatlantic News
20
Jan
Brussels, 19 January 2015
On 19 January, the European Commission, in partnership with the European Investment Bank (EIB), is launching fi-compass, a new advisory service on financial instruments for the European Structural and Investment Funds. This service is part of the "one stop shop" advisory hub, to be launched as an important part of the EU Investment Plan.
The work to deliver the Investment Plan is moving fast. Just 50 days after President Juncker announced plans for an EU investment offensive, and the...
16
Jan
16 January 2015
Lithuania's changeover from the litas to the euro has been smooth and successful. As of today, it is no longer possible to make payments in Lithuanian litas, the 15 days dual circulation period having ended on 15 January. No major problems were encountered and banks, post offices and retailers coped well with the extra workload caused by the changeover process and the parallel handling of two currencies.
According to a Commission survey, on Wednesday 14 January 2015, nearly...
15
Jan
Revenue-neutral reform will streamline City and State taxes by merging bank tax into new corporate tax—eliminating burdensome administration and improving compliance, while broadening the city’s tax base
NEW YORK—Mayor Bill de Blasio proposed today a major reform of New York City’s corporate tax structure, modernizing an outdated system, providing vital tax relief to the city’s small businesses and local manufacturers, and streamlining City and State corporate tax codes.
The revenue-neutral reforms will be retroactive to January 1, 2015.
Certain New York City...
15
Jan
Brussels, 15 January 2015
Countries providing high quality jobs and effective social protection as well as investment in human capital have proved to be more resilient to the economic crisis. This is one of the main findings of the 2014 Employment and Social Developments in Europe Review, which has looked back to the consequences of the recession. It also stresses the need to invest in the formation and maintenance of the right skills of the workforce to support productivity, as...
13
Jan
Strasbourg, 13 January 2015
Just 50 days after announcing its ambitious Investment Plan for Europe to boost jobs and growth, the European Commission today adopted the legislative proposal for the European Fund for Strategic Investments, which will be established in close partnership with the European Investment Bank (EIB). The Fund is at the very heart of President Juncker's Investment Offensive, which will mobilise at least €315 billion in private and public investment across the European Union. This will especially support...
12
Jan
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...
12
Jan
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...
12
Jan
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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