Thu. Oct 10th, 2024

TRADE & COMMERCE

LATEST NEWS

EU trade in goods: four consecutive quarters with surplus – Eurostat

The EU balance for trade in goods was €40.4 billion in the second quarter of 2024, down from €55.3 billion in the previous quarter. As such, the trade balance has now shown a surplus for 4 quarters in a row, following a period of deficits from the fourth quarter of 2021 to the second quarter of 2023, primarily due to a high deficit for energy offsetting surpluses in other product

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27/08/2024

EBA publishes 2023 list of third country groups and third country branches

The European Banking Authority (EBA) published today the updated list of all third country groups (TCGs) with intermediate EU parent undertakings IPU(s), where applicable, and the list of all third country branches (TCBs) operating in the European Union and European Economic Area (EU/EEA). This publication ensures that market participants have clarity on the direct ownership of the involved institutions.

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05/10/2023

Gender gaps remain persistent: IMF releases 2023 Financial Access Survey results

The International Monetary Fund (IMF) released the results of its fourteenth annual Financial Access Survey (FAS). The persistence of the gender gap in financial access across many economies, is both concerning and critical to address. While there is some comfort in the fact that account ownership for both men and women has seen a slight increase between 2021 and 2022, the gap between men and women measured by bank account

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04/10/2023

EU Parliament argues for a top-up to multi-annual budget for crisis response

On Tuesday, MEPs set out their position on the reform of the EU’s long-term budget, emphasizing the urgency of future-proofing the EU budget. Following the Commission’s proposal for a mid-term revision on the EU’s long-term budget, MEPs in plenary endorsed an extra €10 billion for the years 2024-2027, on top of the €65.8 billion proposed by the Commission.

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03/10/2023

3rd China-Germany High-Level Financial Dialogue – joint statement

Chinese Vice Premier He Lifeng and German Minister of Finance Christian Lindner co-chaired the 3rd China-Germany High Level Financial Dialogue in Frankfurt am Main, attended by senior officials from the two countries. Both sides reiterated that this dialogue mechanism is a key platform for bilateral exchange and policy coordination on strategic, overarching, and long-term fiscal and financial issues.

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03/10/2023

EU Commission September infringement package: key decisions

In its regular package of infringement decisions, the European Commission pursues legal action against Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper application of EU law for the benefit of citizens and businesses.

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28/09/2023

ESMA study on the EU securitisation markets: Significant decrease

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published a study setting out the details of the EU securitisation market. Overall, the size of the European securitisation market has decreased significantly since the EUR 2tn it reached at the end of 2010. Get the details.

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21/09/2023
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