The European Parliament is set to debate and adopt the Aurore Lalucq report calling for the establishment and rapid implementation of a minimum corporate tax rate for multinationals into European law following the 2021 OECD agreement. At their most recent meeting, EU economic and finance ministers failed to reach a common approach. Currently, Poland is…
From 24 February 2022 to 4 April 2022, SCM businesses, the Rinat Akhmetov Foundation, and FC Shakhtar donated about UAH 1.4 billion ($48 million) in aid to Ukraine and Ukrainian people. In particular, this amount includes humanitarian aid (food, medicines, essential items, evacuation, shelters, etc.), as well as support for the Ukrainian Armed Forces and…
Cryptocurrencies such as Bitcoin and Ethereum should no longer be an Eldorado for money laundering and terrorist financing, say MEPs. “Regulating cryptocurrencies is just as important as the fight against terrorism. It’s clear that, especially now with Russia’s horrible war on Ukraine, we have to get this right. We need to make sure our law…
Vodafone this week hosted its Digital Enabler Showcase event at the Concert Noble in Brussels.Leaders and policymakers from EU institutions, ambassadors, permanent representatives, academics, and media attended the event, which spotlighted the opportunity of digitalisation. Real-life examples of how the latest 5G digital technologies are being used to transform and accelerate the EU’s Digital and Green transition,…
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,…
