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29 Oct
trade EU

Trade: EU reaches political agreement on updated enforcement regulation

The Council presidency has reached (28 October 2020) an agreement with the European Parliament on a revised enforcement regulation. The aim of this regulation is to better protect the EU’s trade interests and rights in the context of the current blockage of the World Trade Organization’s (WTO) dispute settlement system. The regulation also ensures that […]

27 Oct
GDP euro area

Seasonally adjusted government deficit at 11.6% of GDP in the euro area

Second quarter of 2020. Seasonally adjusted government deficit at 11.6% of GDP in the euro area and 11.4% of GDP in the EU (Eurostat figures). Highest quarterly deficit published in the time series since 2002 In the second quarter of 2020, marked by COVID-19 containment measures in all Member States, the seasonally adjusted general government […]

26 Oct
gender equality

Fostering gender equality in the EU’s foreign and security policy

MEPs call on the EU to recognise the pivotal role women play in foreign policy and international security and to adapt its policy accordingly. The text, adopted by 477 votes in favour, 112 against and 94 abstentions on Friday (23 October 2020), calls on the European ExternalAction Service (EEAS), the Commission, the EU agencies and […]

23 Oct
covid19

Latest Eurobarometer survey: Economic situation is EU citizens’ top concern in light of Covid19

In a troubled period marked by the coronavirus pandemic, trust in the EU remains stable and Europeans trust the EU to make the right decisions in response to the pandemic in the future. In the new Standard Eurobarometer survey, European citizens identify the economic situation, the state of Member States’ public finances and immigration as the three top concerns at […]

22 Oct

Artificial intelligence: Presidency of the Council issues conclusions on ensuring respect for fundamental rights

The Presidency of the Council issued presidency conclusions on the charter of fundamental rights in the context of artificial intelligence and digital change. The text was supported or not objected to by 26 delegations. These conclusions are designed to anchor the EU’s fundamental rights and values in the age of digitalisation, foster the EU’s digital […]

20 Oct
inflation Eurostat

Annual inflation down to -0.3% in the euro area (Eurostat)

The euro area annual inflation rate was -0.3% in September 2020, down from -0.2% in August. A year earlier, the rate was 0.8%. European Union annual inflation was 0.3% in September 2020, down from 0.4% in August. A year earlier, the rate was 1.2%. These figures are published by Eurostat, the statistical office of the […]

19 Oct

European Union: The response to the current COVID-19 crisis must make the EU more resilient

European Union post Covid-19: Recovery should reduce economic divergence and boost the EU’s long-term social and environmental targets, the Economic and Monetary Affairs Committee said on Thursday. In their vote on past Thursday on economic policies needed in the euro area to tackle the crisis created by the pandemic, MEPs from the Economic and Monetary […]

15 Oct
young people traineeship

European Union: MEPs call for a ban on unpaid internships

European Union: MEPs call for a ban on upaid internships. With youth unemployment on the rise in the EU, MEPs want member states to take stronger action to counter the impact of the COVID-19 crisis on young people. In a resolution adopted on Thursday, 8 October with 574 votes to 77 and 43 abstentions, the […]

09 Oct
foreign investment

EU foreign investment screening mechanism becomes fully operational

The European Union framework for screening of foreign direct investment (FDI) will become fully operational as of 11 October 2020. Over the last eighteen months following the adoption of the first EU investment screening regulation, the Commission and Member States have put in place an effective coordination framework. This it will now become instrumental in […]

08 Oct
European Union Labour Market Eurostat

EU labour market in the second quarter 2020: total labour market slack up to 14%

EU labour market in the second quarter 2020. Total labour market slack up to 14%, according to the last figures released by Eurostat. Throughout the second quarter 2020, the labour market across the European Union (EU) was affected by COVID-19 measures taken by Member States. Employment and unemployment as defined by the International Labour Organisation […]

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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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