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Guides on the EU policy on Finance.
EU report shows ineffectiveness of simplified customs procedures
The European Court of Auditors has assessed whether the regulatory framework and control approach developed by the European Commission and put in place in the Member States effectively control simplified customs procedures for imports. According to a Special Report published by the Court today, simplified procedures are not yet effectively controlled in the majority of the audited Member States.
European Commission Green Paper on corporate governance in financial institutions and report on remunerations - briefing
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on Credit Rating Agencies and launched a public consultation on reforming corporate governance in financial institutions. On corporate governance, the Commission has launched a public consultation on a number of issues including how to manage risk more effectively in financial institutions and how to empower shareholders. The deadline for responses is 1 September 2010.
Improving EU supervision of Credit Rating Agencies - briefing
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on Credit Rating Agencies (CRAs) and launched a public consultation on reforming corporate governance in financial institutions. Furthermore, in order to advance swiftly in completing the necessary reforms to ensure a safe and stable financial system in Europe, the Commission has adopted a more general Communication where it commits itself to table the remaining financial reform proposals in the next six to nine months from now. On CRAs, the Commission has two main objectives: ensuring efficient and centralised supervision at European level, and increased transparency on the entities requesting the ratings so that all agencies have access to the same information. These changes it says would improve supervision, increase competition in the CRA market and improve investor protection.
Latest trends in SMEs access to finance and EU financial instruments - Briefing
Latest trends in SMEs access to finance and on the financial instruments under the Competitiveness and Innovation Framework Programme.
Joint customs operation "Matthew II" - briefing
A Joint Customs Operation code-named Matthew II has led to the seizure of more than 16 million cigarettes, 241 kilograms of tobacco products, 6 400 liters of alcohol, 20 tons of counterfeit perfumes, 53.418 other counterfeit items such as bags, coats, scarves, wallets, and 1.515,75 kilograms of cannabis. During the operational phase, additional seizures of more than 25 million cigarettes also took place in some EU ports.
Europe 2020: new economic strategy - briefing
The European Commission has launched the Europe 2020 Strategy to bring Europe out of the crisis and prepare the EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels: smart growth (fostering knowledge, innovation, education and digital society), sustainable growth (making our production more resource efficient while boosting our competitiveness) and inclusive growth (raising participation in the labour market, the acquisition of skills and the fight against poverty). This battle for growth and jobs requires ownership at top political level and mobilisation from all actors across Europe. Five targets are set which define where the EU should be by 2020 and against which progress can be tracked.
Montenegro Investment Climate 2009
Montenegro is establishing a liberal investment regime. Although the continuing transition has not yet eliminated all structural barriers, the Government recognizes the need to remove impediments, reform the business environment, and open the economy to foreign participation.
Bosnia and Herzegovina Investment Climate 2009
Bosnia and Herzegovina (BiH) has made considerable efforts to open its economy to more foreign investment. Major initiatives include a liberal State Foreign Investment Policy Law, a value-added tax (VAT), and a uniform trade and customs policy.
Switzerland Investment Climate 2009
Switzerland welcomes foreign investment and accords it national treatment. Foreign investment is not hampered by significant barriers.
Norway Investment Climate 2009
Norway welcomes foreign investment as a matter of policy and generally grants national treatment to foreign investors. Norwegian authorities encourage foreign investment particularly in the key offshore petroleum sector, mainland industry (e.g., high-tech and advanced areas), and in less developed regions such as northern Norway.
Serbia Investment Climate 2009
Serbia is open to foreign direct investment (FDI), and attracting FDI is increasingly a priority for the government of Serbia (GoS). Serbia has a long history of international commerce, even under communism, and it once attracted a sizeable foreign company presence.
Fiscal and Tax Environment in Iceland
Information about the fiscal and tax environment for international organisations, investing in Iceland.
Iceland Investment Climate 2009
The Icelandic Government encourages foreign investment in most sectors. The majority of investment is in energy-intensive industries such as aluminum smelting that take advantage of the country‘s abundant renewable energy resources. Icelandic laws regulating and protecting foreign investments are consistent with OECD and EU standards.
FYR of Macedonia Investment Climate
As a small, open economy, the FYR of Macedonia continues to take active steps to attract foreign direct investment (FDI). The country has enacted legislation that not only ensures an equal footing for foreign investors vis-à-vis their domestic counterparts, but also provides numerous incentives to attract such investment. Even before gaining full membership in the World Trade Organization (WTO) in April 2003, Macedonia consistently provided national treatment to foreign investors. The country has concluded a number of bilateral investment protection treaties and other multilateral conventions that impose stricter protection standards for foreign investors.
General arrangements for the holding and movement of products subject to excise duty (from April 2010)
This EU Council Directive establishes common arrangements for products subject to excise duty in order to guarantee their free circulation.
Statute for a European Company
The aim of these documents is to create a "European company" with its own legislative framework. This will allow companies incorporated in different Member States to merge or form a holding company or joint subsidiary, while avoiding the legal and practical constraints arising from the existence of 27 different legal systems. This legislative framework also provides for the involvement of employees in European companies, giving due recognition to their place and role in the business.
Common system of VAT (the 'VAT Directive')
This Directive codifies the provisions implementing the common system of VAT, which applies to the production and distribution of goods and services bought and sold for consumption within the European Community.
European System of national and regional accounts in the Community
The purpose of this Regulation is to make available comparable, up-to-date and reliable information on the structure and developments in the economic situation of the Member States of the EU and their regions.
Cross border credit transfers within the EU
This Directive establishes minimum information and performance requirements for cross-border credit transfers so as to ensure that funds can be transferred throughout the European Union (EU) rapidly, reliably and inexpensively.
Access to finance
An overview of the sources of finance available to SMEs in Malta.