Wed. Oct 9th, 2024

TRADE & COMMERCE

LATEST NEWS

EU agri-food trade report: The trade balance remains stable

The latest agri-food trade report published today by the European Commission showed that in the January-May 2024 period, cumulative EU agri-food exports reached €97.4 billion (a 2% increase compared to the same period in 2023), while the latest monthly figure (May 2024) showed that the overall EU agri-trade surplus remained stable at €5 billion.

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03/09/2024
euro, money, currency

Euro at 25: the value of unity in a changing world – Op-ed by five EU Presidents

Op-ed article by the Presidents’ of the EU institutions, Paschal Donohoe (President of the Eurogroup), Christine Lagarde (President of the European Central Bank), Roberta Metsola (President of the European Parliament), Charles Michel (President of the European Council) and Ursula von der Leyen (President of the European Commission), on the occasion of the 25th anniversary of the euro.

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31/12/2023

U.S. Treasury: Countering Houthi maritime attacks on international shipping

The United States is designating one individual and three entities for facilitating Iranian financial assistance to the Houthis that enables attacks on international shipping and other destabilizing activities. Those designated today have facilitated the transfer of millions of dollars to the Houthis at the direction of U.S.-designated Sa’id al-Jamal, an Islamic Revolutionary Guard Corps-Qods Force-backed Houthi financial facilitator based in Iran.

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30/12/2023

Benchmarks: EU Council agrees its negotiating mandate

This proposal forms part of a package of measures to rationalise reporting requirements. It aims to rationalise benchmark authorisation and registration and alleviate the burden on EU companies, in particular SMEs. Market participants have called for a revision of the framework of benchmarks regulation and for making regulatory requirements dependent on the systemic relevance of a benchmark or the significance of the role that a benchmark plays for the operation

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20/12/2023

Finland’s economy will turn to growth after the recession

Due to a decline in investments and household consumption, Finland’s economy is in recession in 2023. Next year, slowing inflation and a downward turn in interest rates, combined with moderately strong development of household incomes, will turn GDP to growth. Weak economic development combined with rapid expenditure growth will keep general government persistently in deficit. The general government deficit will be 3 per cent or worse for several years, the

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20/12/2023

New EU rules for online financial services will allow consumers to withdraw from contracts with a click as of today

The new EU rules on online financial services entered into force today. The Directive on financial services sold at a distance will strengthen consumer rights and foster the cross-border provision of financial services in the single market. Consumers will now be able to withdraw from a contract with a click, thanks to a new ‘withdrawal button’ which will be introduced by service providers. In addition to an obligation to provide

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18/12/2023

Ireland: IMF Executive Board Concludes 2023 Article IV Consultation

Ireland’s economy has shown remarkable resilience in the face of consecutive shocks. Following two years of impressive performance, domestic activities slowed but remained solid, supported by continued strength in private consumption. But exports decelerated markedly as the global demand for pharmaceutical and contract manufacturing exports receded from a very high base in 2022. The fiscal position has strengthened considerably on the back of strong tax revenues, but the headline numbers

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15/12/2023

European Council conclusions, 14 and 15 December 2023

On 14 and 15 December, the European Council adopted conclusions on Ukraine, Middle East, enlargement and reforms, multiannual financial framework 2021-2027, security and defence, migration and other items, EU-Türkiye relations, fight against antisemitism, racism and xenophobia, and strategic agenda.

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15/12/2023
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