Tue. Oct 8th, 2024

TRADE & COMMERCE

LATEST NEWS

Bosnia and Herzegovina: IMF statement of the 2024 Article IV consultation mission

Growth has proven resilient despite the continued fallout from the war in Ukraine and is set to strengthen starting this year albeit to subpar levels. Inflation continues to decline, but wage pressures linger. Risks remain elevated, including from an intensification of regional conflicts and an abrupt slowdown in Europe, and domestically, from rising political tensions and more expansionary macroeconomic policies. On the other hand, opening of European Union accession talks

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Eurogroup President Paschal Donohoe’s report to the Euro Summit President

The report highlights the agreement reached by all EU finance ministers within the Eurogroup in inclusive format on the future of the Capital Markets Union (CMU), in response to the call by the Euro Summit of March 2023 to step up efforts in taking forward the CMU. The Eurogroup statement includes a comprehensive set of actions and measures, which constitute a solid foundation for advancing the CMU agenda during the

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EU Commission issues €7bn in its 3rd syndicated transaction of 2024

The transaction concerned a new, single-tranche €7 billion NextGenerationEU (NGEU) Green Bond due on 4 February 2050. The long 25-year bond came at a re-offer yield of 3.339%, equivalent to a price of 98.481%. Bids received amounted to €86.5 billion, resulting in an oversubscription rate of over 12 times. The proceeds of the transaction will be used to finance green projects in Member States’ national Recovery and Resilience Plans (RRPs)

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Spain submits a request for a targeted revision of its recovery plan 

The Spanish recovery and resilience plan consists of €163 billion, of which €79.8 billion in grants and €83.2 billion in loans. It includes 595 milestones and targets, 111 reforms and 142 investments. To date, the Commission has disbursed more than 30% of the funds allocated to Spain under the Recovery and Resilience Facility, i.e. more than €38 billion, which includes pre-financing. More information on Spain’s recovery and resilience plan can

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The EU and Switzerland launch negotiations to deepen bilateral relations

President Ursula von der Leyen and President of the Swiss Confederation Viola Amherd launched today the negotiations on a broad package of measures to deepen and expand the EU-Switzerland relationship. The two mandates authorise the EU Commission and Switzerland to negotiate a package as outlined in the Common Understanding, endorsed by the Swiss Federal Council and the European Commission in November 2023.

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OECD: Luxembourg should build upon achievements to fight foreign bribery

Luxembourg’s legislative and institutional reforms are weakened by structural resource issues affecting the entire criminal justice system. In spite of having secured the first foreign bribery convictions of natural persons since the Convention came into force in the Grand Duchy, the very weak enforcement of the foreign bribery offence remains a matter of concern.

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