Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

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Combined Nomenclature — 01 August 2006, 23:03 CET

When declared to customs in the Community, goods must generally be classified according to the Combined nomenclature or CN. Imported and exported goods have to be declared stating under which subheading of the nomenclature they fall. This determines which rate of customs duty applies and how the goods are treated for statistical purposes.

European Community Health Indicators — 03 January 2007, 18:19 CET

EU-wide health data from the European Community Health Indicators (ECHI) project is now published on the Commission's Public Health website. The aim of ECHI data is to enable policy makers to track developments in the health status of EU populations. The ECHI indicators aim to cover the 25 MS, the EU Candidate Countries (Romania, Bulgaria, Turkey), the West Balkan Countries, the USA, Canada and Japan.

Euro indicators — 03 January 2007, 18:19 CET

Statistics for Economic and Monetary Union (euro-zone) and European Union (EU-15) from Eurostat

Euro indicators — 28 December 2011, 13:02 CET

Statistics for Economic and Monetary Union (euro-zone) and European Union (EU-15) from Eurostat

Eurozone inflation to remain stable in July: estimate — 03 January 2007, 18:19 CET

Eurozone inflation will remain stable at 2.5 per cent in July compared to the previous month, according to Eurostat.

EC spring economic forecasts 2006-2007 — 03 January 2007, 18:19 CET

Economic growth is projected to rebound in 2006 to 2.3% in the European Union and to 2.1% in the euro area, up from 1.6% and 1.3% in 2005, according to the Commission’s spring economic forecasts. The main impulses stem from a robust increase in investment, continued strong world growth and an improved outlook in Germany. Growth is expected to edge slightly lower in 2007 to 2.2% in the EU and 1.8% in the euro area. The EU as a whole is expected to create 3 ½ million new jobs over the period 2006-07, after nearly 3 million in the previous two years. This will help reduce unemployment from a peak of more than 9% in 2004 to an expected 8.2% in 2007 in the EU. Inflation remains remarkably stable at slightly above 2% despite soaring oil prices, which remain the main risk to economic growth.

EU Budget at a glance — 31 July 2006, 20:36 CET

Taxpayers' money is used by the Union to fund activities that all Member States and parliaments have agreed upon in the Treaties. A small amount – around 1% of the Union's national wealth, which is equivalent to about 232 Euro per head of the population - comes into the EU's annual budget and is then spent mainly for its citizens and communities.

Statistical panorama of European business — 03 January 2007, 18:19 CET

The new edition of European business - facts and figures, published by Eurostat, the Statistical Office of the European Communities, gives a comprehensive picture of the structure, development and characteristics of European business and its different activities: from energy and the extractive industries to communications, information services and media. It presents the latest available statistics from a wide selection of statistical sources describing for each activity production and employment, country specialisation and regional distribution, productivity and profitability, the importance of small and medium sized enterprises (SMEs), work-force characteristics, external trade etc.

JASPERS (Joint Assistance to Support Projects in European RegionS) — 31 July 2006, 20:32 CET

JASPERS (Joint Assistance to Support Projects in European RegionS) is a major joint policy initiative of the EIB, European Commission (DG REGIO) and the European Bank for Reconstruction and Development (EBRD). JASPERS will assist beneficiary countries (principally the new Member States and acceding countries of the EU) to absorb EU Structural and Cohesion Funds over the next budgetary planning period 2007-2013.

Eurozone economic confidence stronger in July — 20 June 2007, 17:32 CET

The main economic actors in the eurozone grew more optimistic in July, led by growing confidence in the industrial sector, a survey from the European Commission released Monday showed.

Savings tax contact points — 31 July 2006, 19:25 CET

Savings taxation - lists of national contact points for taxpayers.

Corporate tax competition and coordination in the EU — 31 July 2006, 18:46 CET

This paper reviews the rationales and facts about corporate tax coordination in Europe. Although statutory tax rates have dramatically declined, revenues collected from corporate taxation are fairly stable and there is so far no evidence of a race-to-the-bottom. The ambiguous results from economic tax theory and the institutional setting have constrained strong EU policy action in the area of tax competition. Yet, there are welfare gains to be expected from tax coordination. Following its 2001 Communication, the European Commission is currently working with Member States on the definition of a common consolidated corporate tax base for European Companies.

Preliminary draft budget 2007 — 31 July 2006, 18:31 CET

EU Budget online