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The blog by Sincro: The power of information

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COVID-19

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15 Jan

Eurostat: Modest upturn in employment in Q3/2020 in EU

In the third quarter of 2020, 72.4% of people in the European Union (EU) aged between 20-64 years were employed, up 0.3 percentage points (pp) from the previous quarter (seasonally adjusted data) (Eurostat figures). The third quarter of 2020 was characterised by the reduction in restrictions imposed to contain COVID-19 across many countries and a […]

14 Jan
smeS PYMES

Covid-19: how the EU can help small businesses (SMEs)

Small companies have been hit hard by the Covid-19 crisis. MEPs believe the EU can help by easing requirements and supporting their resilience. In a report adopted in December, Parliament advocated measures to support small and medium-sized enterprises (SMEs) in dealing with the crisis and the twin challenges of digitalisation and decarbonisation. The key importance […]

13 Jan
ECB banking

ECB publishes supervisory banking statistics for the third quarter of 2020

European Central Bank (ECB) has just publishes supervisory banking statistics for the third quarter of 2020. Main figures Capital ratios of significant institutions increase in third quarter of 2020, with aggregate total capital ratio standing at 19.05% (up from 18.66% in second quarter of 2020) Aggregate NPL ratio falls to 2.82% – lowest level since […]

11 Jan
labour market european union

Covid-19: Total labour market slack drops slightly to 13.9% (third quarter 2020)

Covid-19. EU labour market in the third quarter 2020. Throughout the third quarter 2020, the labour market across the European Union (EU) recovered to some extent as COVID-19 measures taken were relaxed by most Member States (Eurostat figures). Persons who had been temporarily absent from work thus returned to work, and those who had been […]

08 Jan
unemployment european union

Euro area unemployment at 8.3% (last figures by Eurostat)

In November 2020, the euro area seasonally-adjusted unemployment rate was 8.3%, down from 8.4% in October 2020 and up from 7.4% in November 2019. The EU unemployment rate was 7.5% in November 2020, down from 7.6% in October 2020 and up from 6.6% in November 2019. These figures are published by Eurostat, the statistical office […]

07 Jan
erte spanish layoff temporary

Spain: Number of people on Temporary Lay-off Plans (ERTE) stands at 755,000 on 31 December 2020

Spain: The year 2020 closed with 755,613 people protected under a Temporary Lay-off Plan (Spanish acronym: ERTE), which means that the number of workers has remained stable since the month of September. Compared with the close of November, a decline of 95,607 people has taken place when taking into account the revised series according to […]

05 Jan
Spain Brexit

Spain launches informative campaign to resolve doubts raised by individuals and companies over Brexit

Spain and post Brexit. Spain has launched an informative campaign to facilitate the adaptation of individuals and economic operators to Brexit as from 1 January. The campaign includes consular attention with a One-stop Window to resolve doubts and help Spanish residents in the United Kingdom, through the Spanish Embassy in London and the consular offices […]

04 Jan
Brexit Spain United Kingdom

Brexit: Government reports on European Union-United Kingdom agreement to regional governments

Brexit: The Spanish Minister for Territorial Policy and Public Function, Carolina Darias, and the Minister for Foreign Affairs, European Union and Cooperation, Arancha González Laya, chaired the meeting of the Conference for Affairs Related to the European Union (Spanish acronym: CARUE) to report to the regional councillors on the agreement reached between the European Union […]

22 Dec
Covid19 european union

COVID-19 lessons learned in health: the European Council approves conclusions

The European Council has just approved conclusions which draw on the lessons from the current pandemic and cover four important areas. EU crisis management The Council takes note of the general need to enhance the Union’s crisis management and preparedness by strengthening the EU health security framework. In this sense, underlines the need to further […]

21 Dec
EU Budget 2021

EU Budget 2021 approved: supporting the recovery (Covid-19)

EU Budget 2021 has been approved. Commitment appropriations for 2021 total €164.3 billion; payment appropriations total €166.1 billion. After Council formally approved the agreement with Parliament on Monday, Parliament approved the budget on Friday (18 December) by 540 votes to 77, with 70 abstentions. It was then signed into law by President David Sassoli. Creating […]

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Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.

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