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25 May
ukraine

Ukraine: European Council adopts temporary trade liberalisation with Ukraine

The Council adopted yesterday (24 May 2022) a regulation allowing for temporary trade liberalisation and other trade concessions with regard to certain Ukrainian products. This means that for one year import duties on all Ukrainian exports to the European Union will not be due. Thanks to these measures the EU will be able to significantly […]

23 May
economy GDP employment

GDP up by 0.3% and employment up by 0.5% in the euro area (Eurostat)

GDP up by 0.3% and employment up by 0.5% in the euro area. In the EU, GDP up by 0.4% and employment up by 0.4% (figures released by Eurostat). GDP growth in the euro area and EU In the first quarter of 2022, seasonally adjusted GDP increased by 0.3% in the euro area and by […]

19 May
ukraine

EU must strengthen support for citizens and businesses and help for Ukraine

MEPs call for funding to deal with the consequences of the war in Ukraine, by confiscating Russian oligarchs’ assets, new EU own resources, and using the existing EU budget fully. Adopting a resolution (19 May 2022) on the economic and social consequences for the EU of Russia’s war in Ukraine by a show of hands, […]

17 May
Digital Markets Act

Digital Markets Act: EP committee endorses agreement with Council

On Monday (16 May 2022), Parliament’s Internal Market Committee endorsed the provisionally reached agreement with EU governments on the Digital Markets Act (DMA) with 43 votes in favour, one against and one abstention. Together with the parallel Digital Services Act (DSA), the DMA will address a number of societal and economic issues by limiting the […]

12 May
digitalisation in european union

2030 policy programme ‘Path to the Digital Decade’: the Council adopts its position

To ensure that the EU meets its objectives for a digital transformation in line with EU values, member states today agreed on a negotiating mandate for the 2030 policy programme ‘Path to the Digital Decade’. This text aims to strengthen the EU’s digital leadership by promoting inclusive and sustainable digital policies that serve citizens and […]

10 May
Digital Markets Act

Regulating distortive foreign subsidies in the internal market: Council adopts position

To ensure a level playing field for all companies operating in the internal market, member states today agreed a negotiating mandate for the regulation on foreign subsidies distorting the internal market. Mandate has been approved by the Council’s Permanent Representative’s Committee (Coreper), so the Council can start negotiations with the European Parliament as soon as the […]

05 May
covid certificate

EU COVID Certificate: Parliament backs one-year extension (until June 2023)

EU Covid Certificate: The European Parliament agrees to keep the EU Digital COVID Certificate framework in place for another year, until June 2023. To ensure that EU citizens can benefit from their right to free movement regardless of the evolution of the COVID-19 pandemic, the EP plenary has endorsed the Civil Liberties Committee’s decision to […]

03 May
european union

Unemployment rate varied across EU regions in 2021 (Eurostat)

In 2021, when measures to control the COVID-19 pandemic remained in place across the EU, the unemployment rate of people aged 15-74 continued to vary widely across the EU’s NUTS 2 regions. he lowest unemployment rate was recorded in the Polish region of Warsaw-Capital and the Hungarian region of Central Transdanubia (both 2.1%), followed by […]

29 Apr
unemployment

Unemployment rate varied across EU regions in 2021 (Eurostat figures)

In 2021, when measures to control the COVID-19 pandemic remained in place across the EU, the unemployment rate of people aged 15-74 continued to vary widely across the EU’s NUTS 2 regions. The lowest unemployment rate was recorded in the Polish region of Warsaw-Capital and the Hungarian region of Central Transdanubia (both 2.1%), followed by the […]

13 Apr

Council agrees recommendation on the exchange of Ukrainian hryvnia banknotes into EU currencies to support people escaping the war in Ukraine

At today’s meeting, the Permanent Representatives Committee endorsed a Council recommendation on the conversion of hryvnia banknotes into the currency of member states hosting people escaping the war in Ukraine. The objective is to further support refugees who are having difficulty exchanging their banknotes into EU currencies. The recommendation invites member states to set up […]

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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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