A new memorandum of understanding (MOU) was signed October 1 by Under Secretary of Commerce for Intellectual Property and Director of the US Patent and Trademark Office (USPTO), Kathi Vidal, and Director General of the National Institute of Industrial Property of France (INPI France), Pascal Faure.
For the first time in its history, G20 Members have agreed a comprehensive stand-alone Tax Declaration, reflecting the transformational achievements of international tax cooperation to date, the importance of that cooperation and its commitment to continue to carry it forward.
The euro area economy has been resilient in the face of multiple, large shocks, including the pandemic, Russia’s gas shut-off, and fallout from the war in Ukraine. Nonetheless, the adverse shocks have had persistent effects which shape economic prospects. Energy-intensive industries, in particular, have struggled to adjust to higher input costs and continue to underperform. Despite subdued overall activity, employment growth remains robust. Inflation has declined significantly from its late-2022
The Croatian economy performed strongly despite external shocks. The impressive post-pandemic growth during 2021-22 moderated to 3.1 percent in 2023, still among the highest in the euro area. Inflation has decelerated considerably since early 2023 but still persists above the euro area average, owing to elevated food and services inflation amid a tight labor market.
The exchange of information over a period of more than ten years between 14 credit institutions in Portugal could constitute a restriction of competition by object. It is ultimately for the Portuguese competition court to determine whether that is the case
Norway’s Minister of Finance Trygve Slagsvold Vedum explains, how Norway’s management of natural resources, such as crude oil, has evolved into policies creating common wealth.
The importance of cyber resilience in protecting our banking sector cannot be overstated: the current landscape poses a variety of cyber threats, from cybercrime to sophisticated state-sponsored attacks. The results of our recent stress test will help us strengthen the way supervised banks manage cyber risk, to set the stage for a resilient banking future.
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their joint Final report on the draft Regulatory Technical Standards (RTS) specifying how to determine and assess the conditions for subcontracting information and communication technology (ICT) services.
International Monetary Fund Managing Director Kristalina Georgieva delivered the following remarks at the third meeting of the G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil.
The EU Council adopted decisions establishing the existence of excessive deficits for Belgium, France, Italy, Hungary, Malta, Poland and Slovakia. In addition the Council established that Romania, which is under the excessive deficit procedure since 2020, has not taken effective action to correct its deficit and therefore the procedure should remain open.
The EU Commission is disbursing to Spain the fourth payment for €9.9 billion (net of pre-financing) in grants, under the Recovery and Resilience Facility (RRF). As for all Member States, payments made to Spain under the RRF are performance-based and depend on the implementation by Spain of the investments and reforms described in its recovery and resilience plan.
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