Fri. Oct 18th, 2024

NEWS & BACKGROUND

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LATEST NEWS TICKER

BUSINESS

Judgment of the EU Court in Case C-76/22 – Santander Bank Polska

Early repayment of a mortgage loan: The consumer can recover part of the commission linked to the granting of credit if he or she has not been informed that this commission is not dependent of the duration of the contract. The same applies if the consumer has paid that commission in a single instalment when concluding the mortgage agreement.

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Ukraine on the way to the EU: Statement by Executive Vice-President Dombrovskis

“Ukraine is firmly on the right path with its reforms and close EU engagement […]. Ukraine’s EU accession process will be a priority for the next European Commission. We are already working to integrate Ukraine more into the EU single market with the Priority Action Plan for the Deep and Comprehensive Free Trade Area” – EU Commission EVP Valdis Dombrovskis.

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Poland: IMF staff concluding ctatement of the 2024 Article IV Mission

Poland’s near-term outlook is positive and has improved relative to last year despite ongoing sluggish growth across Europe and Russia’s war in Ukraine. A consumption-led recovery is underway, and the outlook is further supported by recently unlocked NextGen EU Funds (NGEU). Inflation has declined helped by a tight monetary stance, and its descent to the target range by close to end-2025 is on track, provided prudent policies are maintained.

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Consolidated tapes: Gathering prices and volumes of shares and bonds across the EU

Today, the Expert Stakeholder Group set up under the Regulation governing rules about markets in financial instruments (‘MiFIR Review’) published reports on the main parameters of EU consolidated tapes. These tapes are centralised data feeds that aggregate prices and volumes of financial instruments (shares and bonds) from trading venues across all Member States into a single stream of information, equally accessible for everybody.

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DIGITIZATION

SECURITY

Ukraine on the way to the EU: Statement by Executive Vice-President Dombrovskis

“Ukraine is firmly on the right path with its reforms and close EU engagement […]. Ukraine’s EU accession process will be a priority for the next European Commission. We are already working to integrate Ukraine more into the EU single market with the Priority Action Plan for the Deep and Comprehensive Free Trade Area” – EU Commission EVP Valdis Dombrovskis.

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First EU-Gulf Cooperation Council Summit: Joint Statement

The summit presented an opportunity for the EU to develop a closer partnership with the GCC and its member states: the United Arab Emirates, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar, and the State of Kuwait, who are geostrategic partners at a time of challenging geopolitical circumstances.

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SUSTAINABILITY

EEX to launch Baltic-Finnish gas markets on 27 May 2025

The European Energy Exchange (EEX) will add natural gas products for Baltic-Finnish markets to its platform, currently operated by GET Baltic within EEX Group. The product portfolio will comprise products for the gas spot (Within-Day, Day, Weekend) and derivatives (Month, Quarter, Season, Year) products for Lithuania, common market area of Latvia-Estonia and Finland.

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Deforestation law: EU Council agrees to extend application timeline

The postponement allows 3rd countries, member states, operators and traders to be fully prepared in their due diligence obligation to ensure that certain commodities and products sold in the EU or exported from the EU are “deforestation-free”. This includes products made from cattle, wood, cocoa, soy, palm oil, coffee, rubber, and some derived products.

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EU AGENDA

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