Sun. Oct 6th, 2024

TRADE & COMMERCE

LATEST NEWS

Greece: EU Commission disburses €2.3bn in loans under the RRF

The Commission disbursed to Greece the fourth payment for €2.3 billion in loans (net of pre-financing) under the Recovery and Resilience Facility (RRF). As for all Member States, payments made to Greece under the RRF are performance-based and depend on the implementation by Greece of the investments and reforms described in its recovery and resilience plan.

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EU Commission postpones Basel III market risk prudential requirements by one year

The European Commission has today adopted a delegated act that postpones by one year (i.e. until 1 January 2026) the date of application of one part the Basel III standards in the EU – the Fundamental Review of the Trading Book (FRTB). The FRTB incorporates more sophisticated risk measurement techniques that aim to align capital charges more closely to the actual risks banks are facing in their activities in capital

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Lithuania: IMF Executive Board concludes 2024 Article IV consultation

Lithuania has experienced fast income convergence over the past two decades and the economy is projected to return to growth this year after a shallow recession. However, higher inflation differentials following the shock triggered by Russia’s invasion of Ukraine have had an impact on competitiveness, even though Lithuania entered this crisis with an undervalued real effective exchange rate. At the same time, global fragmentation, long-term spending pressures, eroded corporate profitability,

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Italy: IMF Executive Board concludes 2024 Article IV consultation

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Italy. Italy’s economy has recovered well from the COVID and energy price shocks. Activity expanded by 0.9 percent in 2023 and, by the first quarter of 2024, real GDP had exceeded the pre-global financial crisis level.

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ECR Co-Chairmen congratulate committee chairs and vice-chairs

Following the elections to the bureau of the European Parliament’s committees and subcommittees, Co-Chairmen Nicola Procaccini and Joachim Brudziński congratulated the newly elected chairs and vice-chairs. Committee MEPs elected Veronika Vrecionová as Chair of the Committee on Agriculture and Rural Development (AGRI), Johan Van Overtveldt as Chair of the Committee on Budgets (BUDG) and Bogdan Rzońca as Chair of the Committee on Petitions (PETI).

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