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01 Mar
eurostat

General government expenditure by function in the EU in 2019 (Eurostat)

In 2019, total government expenditure in the EU amounted to 46.6% of gross domestic product (GDP), according to the last figures released by Eurosta. This share remained unchanged from the previous year, however it has steadily decreased from its latest peak in 2009 (50.7% of GDP). Among the main functions of general government expenditure in […]

26 Feb
TRAVEL POST COVID19

Post-Covid19: Tourism MEPs advocate common criteria for safe and clean travel

Post-Covid19: EU criteria for safe and clean tourism, including a common vaccination certificate, should be a part of a new EU strategy on sustainable tourism, said MEPs. The draft resolution on establishing an EU strategy for sustainable tourism, adopted by Transport and Tourism Committee on Thursday by 47 votes in favour and 2 against, urges […]

25 Feb
inflation

Annual inflation up to 0.9% in the euro area (January 2021)

The euro area annual inflation rate was 0.9% in January 2021, up from -0.3% in December. A year earlier, the rate was 1.4%. European Union annual inflation was 1.2% in January 2021, up from 0.3% in December. A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the […]

23 Feb
european union post covid 19

Economic policy priorities for a post-pandemic recovery

European Union post Covid-19: A high-profile panel on Monday, 22 February, warned of the economic difficulties stemming from the pandemic, whilst noting that this crisis could offer the chance to rebuild EU economies. Kicking off the annual European Parliamentary Week, which sees MEPs and national parliamentarians meet to discuss EU economic governance, the panel brought […]

10 Feb
inflation unemployoment Eurostat

MEPs: Minimum wage is a remedy for inequality and in-work poverty

To fight inequality and in-work poverty, MEPs call for a minimum wage, equal labour conditions for platform workers and a better work-life balance. The principle that ‘work is the best remedy for poverty’ does not apply to low-wage sectors, and those working under precarious and atypical working conditions. MEPs therefore urge the Commission and member […]

05 Feb
spain minimum wage

Huge disparities in minimum wages across the EU (Eurostat figures)

As of 1 January 2021, 21 out of the 27 Member States of the EU have national minimum wages: only Denmark, Italy, Cyprus, Austria, Finland and Sweden do not. Monthly minimum wages generally below €700 in east and above €1 500 in northwest of the EU The 21 EU Member States that have national minimum […]

04 Feb
trade volumen

Covid-19: Volume of retail trade up by 2.0% in euro area

Covid-19: In December 2020, the seasonally adjusted volume of retail trade rose by 2.0% in the euro area and by 1.4% the EU, compared with November 2020, according to estimates from Eurostat, the statistical office of the European Union. In November 2020, the retail trade volume fell by 5.7% in the euro area and by […]

02 Feb
business taxation

Code of conduct on business taxation: chair of European Council working group reappointed

The Council working group that oversees the implementation of the EU’s code of conduct on business taxation has reappointed its chairperson. Lyudmila Petkova, director of the tax policy directorate at the Bulgarian Ministry of Finance, has been chairing the group since 2019. She will continue in her position for a further two years. The working […]

01 Feb
capital markets

Government debt up to 97.3% of GDP in euro area

At the end of the third quarter of 2020, still impacted by policy responses to the COVID-19 containment measures, which materialised in increased financing needs, the government debt to GDP ratio in the euro area stood at 97.3%, compared with 95.0% at the end of the second quarter of 2020. In the EU, the ratio […]

28 Jan
eurostat workers

Foreign citizens more likely than nationals to be over-qualified

Employed foreign citizens are more likely than nationals to be over-qualified for their job: the EU-27 over-qualification rate in 2019 was 44% for non-EU citizens and 33% for citizens of other EU Member States compared with 21% for nationals (Eurostat). The highest share of over-qualified non-EU nationals was recorded in Greece (78%), followed by Italy […]

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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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