Under new requirements agreed by MEPs, all transfers of crypto-assets will have to include information on the source of the asset and its beneficiary, information that is to be made available to the competent authorities. The rules would also cover transactions from so-called unhosted wallets (a crypto-asset wallet address that is in the custody of…
On Friday, the 23rd EU-China Summit took place with the participation on the EU side of European Commission President Ursula von der Leyen and Council President Charles Michel and on the Chinese side President Xi Jinping and Premier Li Keqiang. Commenting on the context of the Summit and EU-China relations, BusinessEurope Director General Markus J. Beyrer…
A major conference heard how the economies of the Commonwealth of Independent States (CIS) are booming despite the crippling pandemic. The event brought together thousands of investors, consultants, businesses and government officials with a common aim to discuss and connect to explore the investment potential of the region, in particular Uzbekistan. With the CIS now slowly emerging…
The pan-European personal pension product (“PEPP”) Regulation, adopted in 2019, starts to apply from 22 March. This will pave the way for a new voluntary EU-wide scheme for people to save for their retirement, and a broad range of financial institutions across the EU will be able to offer it. PEPP – a key part…
The European Parliament’s Women’s Rights and Legal Affairs Committees has backed talks with the Council of the EU on a bill to increase gender balance on corporate boards. Once confirmed by plenary, negotiations can move forward on the draft legislation aimed at ensuring gender parity on boards of publicly listed companies in the EU. Parliament…
Kira Marie Peter-Hansen, Greens/EFA MEP and European Parliament rapporteur for the Pay Transparency directive in the Committee on Employment and Social Affairs, comments: “With today’s vote, the Parliament is sending a clear signal that we want to close the pay gap. It should be a thing of the past that women are paid less than men,…
Large companies will soon need to publicly disclose detailed information on the way they operate and manage social and environmental risks. On Tuesday, the Legal Affairs Committee adopted its position on the Corporate Sustainability Reporting Directive (CSRD) with 22 votes in favour and one against. If agreed with EU governments, the bill will make businesses…
Following the OECD deal on a global minimum corporate tax rate, the Socialists in the European Parliament say that the EU must now ensure a rapid and ambitious implementation. EU ministers are expected to adopt an agreement tomorrow, but according to media reports they will postpone the implementation to December 2023. The Socialists and Democrats say…
The Commission and the European Intellectual Property Office (EUIPO) worked together to define a first set of measures to safeguard protection of intellectual property in Ukraine. In agreement with the Commission, the EUIPO has adopted the following measures: the EUIPO will safeguard Ukrainian intellectual property rights in the European Union by providing full support to…
This last February, Brussels Airport welcomed around 825,000 passengers, up by 400% compared to February 2021, but still down by 50% compared to the same period before the crisis (February 2019). A better month than January (-52%), despite being shorter by 3 days. In terms of freight, the volumes transported increased by 13% compared with February…
