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Report on functioning of Insurance Block Exemption Regulation by EUbusiness — last modified 17 March 2016, 13:36 CET

The European Commission has published a report focusing on the functioning of the Insurance Block Exemption Regulation, which exempts certain types of cooperation in the insurance sector from EU antitrust rules under certain conditions.

Public consultation on the European Pillar of Social Rights by EUbusiness — last modified 10 March 2016, 18:20 CET

The European Commission presented on 8 March a first, preliminary outline of the European Pillar of Social Rights announced by President Juncker in September last year, and launched a broad public consultation.

Tax transparency agreement on exchange of information on country-by-country reports of multinational companies by EUbusiness — last modified 10 March 2016, 19:12 CET

EU Member States on 8 March reached political agreement on the automatic exchange of tax-related financial information of multinational companies, known as country-by-country reporting - subject to UK parliamentary scrutiny.

Extension to application date for MiFID II package by EUbusiness — last modified 11 February 2016, 17:34 CET

The European Commission proposed on 10 February a one-year extension to the entry into application of the revised Markets in Financial Instruments Directive, or MiFID II.

Commission Opinion on the 2016 Draft Budgetary Plan of Portugal by EUbusiness — last modified 05 February 2016, 18:05 CET

The European Commission considers that the Portuguese government's 2016 Draft Budgetary Plan is at risk of non-compliance with the provisions of the Stability and Growth Pact. In its Opinion adopted on 5 February, the European Commission therefore invites the authorities to take the necessary measures within the national budgetary process to ensure that the 2016 budget will be compliant with the Stability and Growth Pact.

Investing in jobs and growth - Maximising the contribution of the European Structural and Investment Funds by EUbusiness — last modified 15 December 2015, 14:58 CET

The European Commission adopted on 15 December a Communication on the contribution of the European Structural and Investment Funds (ESI Funds) to the EU's growth strategy, the Investment Plan and the Commission's priorities over the next decade.

Overhaul for EU prospectus rules by EUbusiness — last modified 30 November 2015, 19:25 CET

The European Commission has proposed to overhaul prospectus rules to improve access to finance for companies and simplify information for investors. Small and medium-sized companies in particular will find it easier to raise funding when issuing shares or debt. Companies already listed on public markets will benefit when they want to list additional shares or issue corporate bonds.

Annual Growth Survey 2016 by EUbusiness — last modified 26 November 2015, 23:40 CET

The European Commission's package launches the annual cycle of economic governance. It sets out general economic and social priorities for the EU and gives Member States policy guidance for the following year. Policy challenges vary across countries, so responses will also vary. However, there are overarching themes that affect the EU as a whole. To strengthen the recovery and foster convergence, the Commission recommends building on the three main pillars identified last year for the EU's economic and social policy: re-launching investment, pursuing structural reforms and responsible fiscal policies.

TTIP: proposal for investment protection and Court System by EUbusiness — last modified 12 November 2015, 16:22 CET

The EU formally presented to the US on 12 November its proposal for a reformed approach on investment protection and a new and more transparent system for resolving disputes between investors and states: the Investment Court System.

Annual report of the European Court of Auditors 2014 by EUbusiness — last modified 10 November 2015, 13:01 CET

The European Court of Auditors gave the EU accounts on 10 November a clean bill of health for the 8th year in a row. Both the revenue side and administrative expenditure are free from significant errors. The overall error rate in payments has declined for a second consecutive year, to 4.4% in 2014. The Court also, in its annual report on the implementation of the EU budget in 2014, stresses the progress made by the Commission to increase transparency and absorption concerning the management of EU funds.

Autumn 2015 Economic Forecast by EUbusiness — last modified 05 November 2015, 12:50 CET

The economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy. The European Commission expects Europe's economy to continue a moderate recovery despite the challenges.

Regulation on transparency of securities financing transactions and of reuse by EUbusiness — last modified 29 October 2015, 15:27 CET

Following a vote in the European Parliament, new EU rules are set to improve the transparency of certain financial transactions and help supervisors and investors better understand risks.

Completing Economic and Monetary Union - measures to strengthen EMU by EUbusiness — last modified 21 October 2015, 19:06 CET

Despite progress, particularly as regards reinforcement of the economic governance and the launch of the Banking Union, Europe's Economic and Monetary Union (EMU) remains incomplete. Following the presentation of the "Five Presidents' Report" by the Presidents of the Commission, the Euro Summit, the Eurogroup, the European Central Bank and the European Parliament, the Commission launched Stage 1 ("Deepening by doing") of the process of completing EMU on 1 July 2015. A package of measures adopted on 21 October 2015 by the College of Commissioners entails a revised approach to the European Semester, including through enhanced democratic dialogue and further improved economic governance, such as the introduction of national Competitiveness Boards and an advisory European Fiscal Board.

Payment Services Directive by EUbusiness — last modified 08 October 2015, 15:37 CET

The European Parliament adopted on 8 October a European Commission proposal to create safer and more innovative European payments. The new rules will protect consumers better when they make payments, promote the development and use of innovative online and mobile payments and make European payment services safer.

2015 Pension Adequacy Report by EUbusiness — last modified 05 October 2015, 23:49 CET

A new report shows that EU’s pension systems can be expected to deliver adequate pensions to future generations of retirees provided strong policies to enable workers to stay in jobs until they reach the statutory pension age are pursued.

New Investment Court System for TTIP and other EU trade and investment negotiations by EUbusiness — last modified 16 September 2015, 17:45 CET

The European Commission has approved its proposal for a new and transparent system for resolving disputes between investors and states – the Investment Court System.

Central clearing for interest rate derivatives - new EU rules by EUbusiness — last modified 07 August 2015, 00:07 CET

The European Commission adopted on 6 August new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties.

EU Strategy for the Alpine Region by EUbusiness — last modified 29 July 2015, 10:33 CET

The European Commission officially launched the EU Strategy for the Alpine Region (EUSALP) - the fourth EU macro-regional strategy - on 28 July. More than 70 million citizens will reap the benefits of a closer cooperation between regions and countries in terms of research and innovation, SME support, mobility, tourism, environmental protection and energy resources management. This macro-regional strategy concerns seven countries; five Member States - Austria, France, Germany, Italy and Slovenia - and two non-EU countries - Liechtenstein and Switzerland - overall involving 48 regions.

Modernising EU customs procedures by EUbusiness — last modified 28 July 2015, 23:58 CET

The European Commission adopted on 28 July a legal act to create a simpler, more modern and integrated EU customs system to support cross-border trade and provide for more EU-wide cooperation in customs matters. It builds on the Union Customs Code adopted in 2013, which sets out detailed rules for twenty-first century customs processes.

Company Formation in Turkey by Herdem Gültekin — last modified 29 July 2015, 11:36 CET

At Ketenci&Ketenci we regularly assist foreign corporations and investors to form new companies and branches in Turkey. Thanks to the Turkish Direct Foreign Investment regulation; foreign investors can incorporate or participate in all types of companies in Turkey which are available for local investors in accordance with the equal treatment principle.