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Finance and Monetary Affairs in the EU

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

Secondary trading at EU airports
Study on the impact of the introduction of secondary trading at Community airports.

EU Budget 2007 figures
General Budget of the European Union for the financial year 2007 - the figures.

Slovenia's changeover to euro runs smoothly
The first hours of Slovenia's changeover from its tolar money to the euro ran smoothly after the tiny nation became the first former communist state to join the EU common currency.

Regional Policy in the European Union
Although the European Union is one of the richest parts of the world, there remain striking internal disparities of income and opportunity between its regions. The entry in May 2004 of 10 new member countries whose incomes are well below the EU average has widened these gaps. Regional policy transfers resources from affluent to poorer regions. It is both an instrument of financial solidarity and a powerful force for economic integration.

Pensions in the European Union
The proportion of older people in the EU is increasing much faster than the population of younger wage-earning taxpayers, making pensions reform in the EU essential. The fear is that the costs of caring for such a large number of older people will overwhelm the future budgets for pensions and health care.

EU - Asia trade statistics
Between 1999 and 2005, EU25 exports and imports of goods to the 13 Asian countries1 taking part in the Asia-Europe Meeting (ASEM) both grew by more than 60%: exports rose from 99 billion euro to 161 bn, while imports increased from 206 bn to 336 bn.

ECB Statistical Data Warehouse
The Statistical Data Warehouse is the ECB’s new online data delivery service for statistics. It is intended for a wide range of users of euro area statistics, ranging from one-time visitors searching for a specific most recent statistic or a single data series to more frequent users such as market participants, journalists, analysts and researchers. It features robust and simple-to-use interfaces that allow users to quickly find, display, chart and download euro area data, including in some cases national breakdowns.

EC spring economic forecasts 2006-2007
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.

Rural Development in the European Union - Statistical and Economic Information - Report 2006
The report "Rural Development in the European Union - Statistical and Economic Information - Report 2006" provides, at national and regional levels, statistical and economic information covering the three objectives of Rural Development policy 2007-2013. It also gives an overview of the implementation of Rural Development policy for the programming period 2000-2006.

Statistical panorama of European business
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.

Eurostat homepage
Eurostat is the Statistical Office of the European Communities. Established in 1953, Eurostat's mission is to gather and analyse figures from the different European statistics offices in order to provide comparable and harmonised data to the European Institutions so they can define, implement and analyse Community policies. Eurostat data covers the European Union, its Member States and its partners, and is published under a variety of Themes and Collections.

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

European Community Health Indicators
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.

Stability and convergence update 2006-2007
Stability and Growth Pact (SGP) - Stability and convergence programmes update 2006-2007

ECB Financial Stability Review Dec 2006
The European Central Bank (ECB) Financial Stability Review, which has been published semi-annually since December 2004, assesses the stability of the euro area financial system with regard to both the role it plays in facilitating economic processes and its ability to absorb adverse disturbances and prevent them from having an inordinately disruptive impact.

European Court of Auditors annual report 2005
In its 2005 Annual Report, the European Court of Auditors reports considerable progress by the Commission in introducing its new accounting system, but found weak internal controls for the majority of EU expenditure, both within Member States and at the Commission, and a high incidence of errors in the underlying transactions.

EU regional funding: eligible regions
Eligible regions and financial allocations - Cohesion Policy 2007-2013 factsheet. For information about eligible regions and financial allocations click on a country on the map.

Meeting the challenge of ageing
The issue of demographic ageing is not confined to older workers and pensioners. Europe's population structure is changing. Demographic ageing affects the whole of society and has repercussions for all generations.

Long-term sustainability of public finances in the European Union
In the coming decades, the size and age-structure of Europe's population will undergo dramatic demographic changes. Ageing populations will pose major economic, budgetary and social challenges. This report , adopted by the Commission on 12 October 2006, is the first one dedicated exclusively to the long-term sustainability of public finances. The analysis in the report concludes that on current policies the government debt in the EU will increase very significantly over the coming decades.

Speakers on the euro
Euro Team - A network of speakers on the euro in the 10 new EU Member States

European Accountants encourage MEPs to support one benchmark audit
In publishing a briefing note on Statutory Audits in the European Union, FEE (The European Federation of Accountants) notes that it is in the public interest if statutory audits of all companies are carried out in accordance with international standards.

VAT Invoicing Rules in the EU
EU Council Directive 2001/115/EC harmonises, simplifies and modernises invoicing obligations on traders when they sell goods or services that are subject to Value Added Tax (VAT). It also creates an EU legal framework for electronic transmission and storage of invoices.

EU Tenders - Public procurement in the European Union
All public tenders exceeding specific contract values must be published in the Supplement to the Official Journal of the European Union.

Taxation in the EU
Within the EU, governments retain sole responsibility for levels of direct taxation – i.e. tax on personal incomes and company profits. What EU taxation policy does is ensure that tax rules are consistent with the goals of job creation, the EU's competitiveness, the single market and free movement of capital.

EU Stability & Growth Pact
The European Union Stability and Growth Pact is the EU's answer to concerns about the continuation of budgetary discipline within Economic and Monetary Union.