The European Commission has approved a HUF 50 000 million (approximately €140 million) Hungarian aid scheme to support the Hungarian economy in the context of the coronavirus outbreak. The scheme was approved under the state aid framework adopted by the Commission on 19 March 2020. The scheme will be managed by the competent agency, Hungarian…
The Confederation of European paper industries and its members across Europe, says it strongly support the initiative of Pascal Canfin, Chair of the Environment Committee at the European Parliament, to launch a European alliance for a Green Recovery. Cepi joins 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks who have come together to…
Future economic policy must be in line with the European Green Deal, says the European Economic and Social Committee (EESC). The Committee urges EU Member States to make sustainable economic growth the top priority for European and national economic policies in 2020 and beyond and recommends complementing the current accommodative monetary policy of the European…
In order to stimulate small business financing in the Baltic States, non-bank business lender Noviti Finance, and the European Investment Fund (EIF), have signed a cooperation agreement to give micro businesses and farmers better access to funding of up to €25,000. The guarantee is funded by the Employment and Social Innovation (EaSI) programme of the…
Leading French economist Nicolas Bouzou, director of the economic research company Asterès, wrote in today’s Les Echos about what the West can learn Lebanon’s current economic situation. According to Bouzou, we can look at the deterioration in Lebanon to understand what can happen when a country accumulates decades of non-existing or failing public policies. Bouzou also singles out…
The news from Lebanon in recent weeks has been grim. As street protests in Beirut and other cities intensify, so does the country’s economic suffering, writes Charles Tannock. A political, economic, and social crisis has taken hold, leading to hard-currency shortages that hinder imports of vital daily commodities such as wheat, medicine, and fuel. Moreover,…
A new report says that the USA, China and Germany are the countries that benefit the most worldwide from their accession to the WTO. They achieve by far the largest income gains, which are directly attributable to their membership in the trade organization. For the United States, income gains amount to about 87 billion US…
The European Commission has welcomed the endorsement by the Council of the agreement reached with the European Parliament to provide up to €500 million in Macro-Financial Assistance (MFA) to Jordan. This new financial assistance programme is designed to support the country’s ambitious reform agenda, promoting jobs, growth and investment for the benefit of the people of Jordan….
The coming years will see new prospects and challenges for European products and services, according to the European Economic and Social Committee (EESC). Providing innovative, highly specialised products and services with well-recognised and certified key characteristics can boost European competitiveness, says the EESC. Unanimously adopted at its plenary session on 11 December, the EESC’s own-initiative…
Achieving the Sustainable Development Goals (SDGs) requires more than political commitment, says the European Economic and Social Committee (EESC). Increased investment, especially by the private sector, is needed to address current economic, social and environmental challenges. The Committee therefore advises the EU and its Member States to adjust their investment and tax policies to enhance…
