“Hungarian legislation requiring traders to offer for sale certain agricultural products at a fixed price and in predetermined quantities is contrary to EU law. That legislation prevents traders, without appropriate justification, from freely setting the selling prices and the quantities offered for sale of those products on the basis of economic considerations” – Court of Justice.
Many countries have used energy subsidies to cushion the effects of high energy prices on households and firms. What did they achieve?
The IMF team and the Kosovo authorities have reached staff-level agreement on the 2nd reviews of the Stand-By Arrangement (SBA) and the Resilience and Sustainability Facility (RSF) Arrangement. Program implementation remains on track.
The European Banking Authority (EBA) today published its Q4 2023 quarterly Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA institutions.
ESMA has opted for this format instead of the report mandated under the DLT Pilot Regime because no DLT market infrastructures have been authorised under the Regime to date, rendering a full report premature.
According to EU Commissioner McGuinness, the prevention of money laundering and terrorist financing (AML/CFT) deals with criminal behaviours. It is therefore not possible to provide conclusive evidence of effectiveness of a cash limit. Get more details inside.
Supported by robust policies, Cyprus recovered swiftly from the pandemic, and has proved broadly resilient to multiple adverse shocks. Growth is above most European peers, and inflation is close to 2 percent. Fiscal performance continues to be strong, significantly reducing public debt.
The resumption of negotiations of Switzerland with the EU is a welcome step to strengthen the economic partnership, secure participation in the single market, and improve resilience. Overall, continued efforts to expand trade partnerships will help guard against geoeconomic fragmentation risks.
Generally, for a customer who is an individual and a U.S. person, banks are required to collect a full Social Security number (SSN) from a customer. The RFI is being issued in consultation with staff at the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Board of Governors of the Federal Reserve System.
According to the IMF, Switzerland’s fiscal policy strikes the balance between avoiding excessive cuts that could jeopardise the economic recovery and creating fiscal space for future additional spending pressures. The overall fiscal surplus amounted to 0.5% of GDP in 2024. However, spending pressures from defence, infrastructure, climate and demographic-related additional costs are increasing. The planned relief measures should enable the federal government to comply with the debt brake this year.
In the last two years, interest rates have increased. As inflation comes under control, interest rates are stable. In the Eurozone, the ECB is cautious on if or when interest rates might come down. The EU is driving the ‘sustainable finance agenda’: ensuring that investments are future proofed to deal with the transition towards sustainability.
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