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30 Nov
research and development european union

R&D expenditure in the EU at 2.3% of GDP in 2020 (Eurostat)

In 2020, the Member States of the EU spent around €311 billion on research & development (R&D). This is a decrease of €1 billion compared with 2019 (€312 billion). The R&D intensity, i.e. R&D expenditure as a percentage of GDP, stood at 2.3% in 2020, compared with 2.2% in 2019. However, this small increase is […]

26 Nov
minimum wages

New rules for fair minimum wages in the European Union (EU)

Towards a minimum wages in the European Union. A new draft EU law will ensure a minimum level of wage protection in all member states, in order to guarantee decent living standards for workers and their families. In a vote on Thursday 25 November 2021, MEPs on the Employment and Social Affairs Committee backed laying […]

25 Nov
minimum wages

Regulating ‘big tech’: European Council agrees on enhancing competition in the digital sphere

The European Council agreed its position (‘general approach’) on the proposal for a Digital Markets Act (DMA). The proposal aims to ensure a competitive and fair digital sector with a view to promoting innovation, high-quality digital products and services, fair prices, and high quality and choice in the digital sector. Online platforms offering core platform services – […]

24 Nov
post covid19

Post-Covid19: The European Council adopted conclusions on resilience and crisis response

Post-Covid19: The European Council adopted (on 23 November 2021) conclusions on enhancing preparedness, response capability and resilience to future crises. The conclusions, prepared by the Slovenian presidency, set out a series of measures designed to improve resilience, preparedness and response. They stress that the creation of the Integrated Political Crisis Response (IPCR) arrangements in 2013, […]

23 Nov
digitalisation in european union

Digital Market Acts: New obligations and prohibitions directly applicable to big platforms acting as “gatekeepers”

The draft law blacklists certain practices of large platforms and enables the Commission to carry out market investigations and sanction non-compliant behaviours. The Internal Market and Consumer Protection Committee adopted this morning by 42 votes in favour, two against and one abstention its position on the Digital Markets Act (DMA) proposal, which sets rules on […]

19 Nov
research and development european union

Annual inflation up to 4,1% in the euro area (Eurostat)

The euro area annual inflation rate was 4.1% in October 2021, up from 3.4% in September. A year earlier, the rate was -0.3%. European Union annual inflation was 4.4% in October 2021, up from 3.6% in September. A year earlier, the rate was 0.3%. These figures are published by Eurostat, the statistical office of the […]

17 Nov
digitalisation in european union

Smart villages and startups: Speech delivered at launch event of the Startup Village Forum

European Union. Digital transition, startups and Smart villages: Reaping new opportunities from the digital transition: Speech delivered at launch event of the Startup Village Forum. According to the speech (click here to read it): Smart Villages and Startup initiative  The Startup village initiative can complement the important work already being done in the Smart Villages […]

16 Nov
minimum wages

Agreement reached on 2022 EU budget

The Council has reached today (16 November 2021) an agreement with the European Parliament on the 2022 EU budget, setting total commitments at €169,5 billion and payments at €170,6 billion. Next year’s budget strongly reflects the EU’s main priorities: economic recovery, fighting climate change, and the green and digital transitions. It also leaves enough resources […]

15 Nov
Artificial Intelligence regulation

Artificial intelligence regulation: EU needs to be leader in order to set global standards

Artificial Intelligence (AI) regulation should focus on the level of risk associated with specific uses, a draft report presented in the AIDA committee on Tuesday 9 November 2021 says. The draft text, presented by the rapporteur, says that the public debate should shift towards a focus on the enormous potential of AI, which offers humankind […]

12 Nov
EU Taxation

Corporate tax transparency: Multinationals will have to publically disclose the amount of tax they pay in each EU country

Corporate tax transparency: MEPs okay new country-by-country reporting rules. Multinationals will have to publically disclose the amount of tax they pay in each EU country By adopting this legislation on Thursday 11 November 2021, plenary closed a legislative process prolonged by five years of foot-dragging by some EU governments. Multinationals and their subsidiaries with annual […]

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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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