Mon. Jan 27th, 2025

TRADE & COMMERCE

LATEST NEWS

Main results of the Eurogroup, 20 January 2025

The Eurogroup discussed the priorities and challenges of the euro area in the context of the new European policy cycle. Ministers explored the use of innovative technologies in wholesale transaction settlements and reviewed progress on the digital euro project.

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Liechtenstein: IMF staff concluding statement for the 2025 Article IV Mission

Liechtenstein has a high per capita income and a fiscal framework that has ensured no deficits since 2013, virtually no public debt, and accumulation of large fiscal buffers. Activity is underpinned by specialized and export-oriented manufacturing, and private banking and wealth management oriented financial services. Liechtenstein is globally integrated, with close ties to Switzerland and the EU.

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EIOPA: Policyholders of insurer NOVIS may face financial losses

NOVIS has been prohibited from conducting new insurance business since June 2023 and can only carry out activities necessary to service existing insurance contracts, i.e. collect premiums, enforce its claims and settle its liabilities. NOVIS is subject only to limited supervision in anticipation of the possible appointment of a liquidator. Due to pending court procedures, it is currently uncertain if and when that decision will be taken by the court.

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