Solidarity has seen unprecedented cooperation between Romania, and Moldova, for example, on the Danube cluster. But also from further afield. France has played a key role in defining the navigation aids needed to improve safety and capacity along Romania’s Sulina channel, and more recently training barge pilots.
The European Commission, which issues EU-Bonds on behalf of the EU, has today raised a further €5 billion of EU-Bonds in its 9thsyndicated transaction for 2023. The single tranche transaction consisted of a new 7-year bond due on 4 December 2030.
On Wednesday, Commission President von der Leyen will give her final State of the Union address in the European Parliament in Strasbourg ahead of the 2024 European elections.
The ECR Group argues that the starting point for any reflection must be the recognition that Europe and European values of freedom and national sovereignty are under military, political and economic attack.
Thanks to the S&Ds, the scope of the proposal has been preserved and it will no longer be possible for creditors to use sensitive data or data collected from social networks when carrying out ‘Creditworthiness assessment obligations’. Our group also managed to prohibit the advertising of credit targeted at over indebted consumers.
Inflation continued easing in the first half of 2023 as a result of declining energy prices and moderating inflationary pressures from food and industrial goods. In the euro area, it reached 5.3% in July, exactly half of the peak level of 10.6% recorded in October 2022, and remained stable in August.
The Financial Crimes Enforcement Network (FinCEN) issued an alert to highlight a prominent virtual currency investment scam known as “pig butchering.” Multiple U.S. law enforcement sources estimate victims in the United States have lost billions of dollars to these scams and other virtual currency investment frauds.
It is the start of India’s G20 Presidency. Prime Minister Modi has asked a question: can the G20 go further? Can we shift our fundamental mindset for the benefit of all humanity? I believe we can. And that is why we are here, to go beyond the zero-sum mindset, to work towards mutual understanding and to make the world a fairer place for everyone, no matter where they live. So
The UK and Japanese export credit agencies (ECAs) have signed a Memorandum of Understanding (MoU) to support their future collaboration on projects around the world. This will help them as they work together to broker more deals which support exporting businesses. The UK Export Finance (UKEF) and Nippon Export and Investment Insurance (NEXI) MoU sets out revised terms of cooperation which support ambitions for sustainable development outlined in the Hiroshima Accord,
The European Commission has today adopted technical standards to be used by credit institutions when reporting their exposures to shadow banking entities, as required by the Capital Requirements Regulation. These standards set out criteria for the identification of shadow banking entities, ensuring the harmonisation and comparability of exposures reported by credit institutions.
Lithuania weathered a series of unprecedented external shocks, owing to resilient macroeconomic fundamentals and a decisive policy response. Recently, however, high inflation and rising interest rates have affected disposable incomes which, combined with weak external demand, resulted in an economic contraction in the last quarter of 2022 and early 2023. At the same time, the labor market has remained broadly resilient with high wage growth, albeit negative in real terms,
At the UN Climate Change Conference (COP26) in Glasgow in 2021, Norway pledged to double its annual climate finance from NOK 7 billion in 2020 to NOK 14 billion by the end of 2026. This target is part of the broader commitment made by wealthy countries to mobilise USD 100 billion in climate finance annually from 2020.