Sun. Oct 6th, 2024

TRADE & COMMERCE

LATEST NEWS

Labelling of organic products: Judgment of the EU Court in Case C-240/23 Herbaria Kräuterparadies II

Labelling of organic products: A foodstuff imported from a third country may bear the organic production logo of the European Union only if that foodstuff complies with all the requirements of EU law. That is the case even if the production rules of the third country are recognised as equivalent to those laid down by EU law. Such foodstuff may nonetheless bear the organic production logo of that third country.

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04/10/2024

OECD sees global economy turning the corner as inflation declines and trade growth strengthens

The global economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation, though significant risks remain, according to the OECD’s latest Interim Economic Outlook. With robust growth in trade, improvements in real incomes and a more accommodative monetary policy in many economies, the Outlook projects global growth persevering at 3.2% in 2024 and 2025, after 3.1% in 2023.

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25/09/2024

Belgium: EU Commission makes first RRF payment of €632m

In September 2023, Belgium submitted to the EU Commission a first payment request of €658 million, net of pre-financing, under the RRF, covering 19 milestones and 1 target. These include several reforms concerning the deployment of 5G and fibre optic networks, the reform of company car taxation with a green perspective, and the promotion of employee participation in training.

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24/09/2024

Finance: Nordic-Baltic crisis simulation exercise 2024

To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving three fictitious banks with cross-border activities.

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23/09/2024
euro, money, currency

Insight EU Finance Monitoring Weekly: 16 – 20 September 2024

These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of our Insight EU Monitoring mails delayed by several days. To receive real-time monitoring emails, subscribe to our annual target group full-text services on the Insight EU Store page.

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23/09/2024

EU Court annuls 2016 ECB refusal of qualifying holding in Banca Mediolanum by Silvio Berlusconi

The EU Court annuls the 2016 ECB decision refusing the acquisition of a qualifying holding in Banca Mediolanum by Silvio Berlusconi. The ECB could not lawfully oppose Berlusconi’s ownership of a qualifying holding in the bank, as that situation resulted only from the interested party having continued to own a qualifying holding which he had acquired prior to the transposition of the provisions of EU law on which the ECB

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19/09/2024

Norway: IMF Executive Board concludes 2024 Article IV consultation

IMF Directors underscored the need to maintain a tight monetary policy stance to ensure that inflation converges to target and to mitigate risks of a de-anchoring of inflation expectations. They encouraged the authorities to continue to employ a data-dependent approach, remaining ready to adjust the monetary policy stance as needed.

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18/09/2024
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