Thu. Oct 10th, 2024

TRADE & COMMERCE

LATEST NEWS

IMF and Ukraine reach staff level agreement on the Second Review of the Extended Fund Facility (EFF) Arrangement

Ukraine’s four-year EFF Arrangement, with access of about US$15.6 billion (SDR 11.6 billion) was approved on March 31. The IMF-supported arrangement forms part of a much larger international support package for Ukraine that now totals around US$122 billion. The EFF continues to provide a strong anchor for the authorities’ economic program, and program performance has been broadly on track despite the extremely challenging backdrop. All quantitative performance criteria for end-June

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10/11/2023

Sweden unites for global crypto transaction data exchange

Sweden is one of a number of countries that have signed up to a collective engagement to implement the OECD’s standard on automatic exchange of information between tax authorities – the Crypto-Asset Reporting Framework (CARF) – as well as the Common Reporting Standard (CRS 2.0) for exchange of information on financial accounts.

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10/11/2023

EU Council approves conclusions on statistics

The Council approved conclusions on EU statistics that welcome progress made on keeping comparable and reliable statistics for better policy-making and provide guidance for further work. The conclusions welcome the progress reached on information requirements in the Economic and Monetary Union and on the quality of statistics for the Macroeconomic Imbalances Procedure and the Stability and Growth Pact.

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09/11/2023

Remarks by Executive VP Dombrovskis at the ECOFIN Press conference

The Spanish Presidency has been working tirelessly for an agreement and we fully support its ambition to finalise the negotiations before the end of the year. The EU’s future fiscal policy needs clarity and predictability for years ahead. And given today’s context of high interest rates and significant economic challenges, we need to preserve the sustainability of public finances and provide enough space for investment.

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09/11/2023

Remarks by EU Commissioner Gentiloni at the Eurogroup press conference

Starting with the good news: inflation in the euro area fell to 2.9% in October, down from 4.3% in September, and the moderation was broad-based across all main categories. This drop means inflation is now at its lowest level since July 2021. We know that the reduction going forward will not be fully linear – there will still be bumps along the road – but the direction is downward and

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09/11/2023

Main results of the Eurogroup, 8 November 2023

As part of the Eurogroup’s regular monitoring of economic developments, the institutions provided their analysis of the most recent macroeconomic developments, including inflation, and the possible implications for fiscal coordination. On this basis, ministers reflected on the main challenges ahead for the macroeconomic and budgetary outlook for 2024, building towards the Eurogroup’s discussion of the draft budgetary plans in December.

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08/11/2023

EU Council: President Michel’s Strategic Agenda consultations

I am pleased to invite you to a dinner on the Strategic Agenda to continue our discussions on the priorities for the next institutional cycle, building upon our fruitful first exchange in Granada. With thanks to our hosts, these discussions will take place in small consecutive groups in Paris, Berlin, Copenhagen and Zagreb during the course of this month.

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08/11/2023
money, seem, euro bills

EU Commission welcomes political agreement on euro instant payments

The Commission welcomes the political agreement reached yesterday between the European Parliament and the Council on the Commission’s proposal to make instant payments in euro available to all citizens and businesses holding a bank account in the EU. The new rules, which modernise the 2012 Single Euro Payments Area (SEPA) Regulation, aim to ensure that instant payments in euro are affordable, secure and processed without obstacles across the EU.

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08/11/2023
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