Economy & Jobs

Agrifood 19-05-2022

MEPs back one-year trade liberalisation with Ukraine

The European Parliament has endorsed the suspension for one year of all tariffs and quotas on Ukrainian exports, including agricultural products, processed agricultural products, and fruit and vegetables.
19-05-2022

Four-day work week: How competitive is mental health?

The Brussels economic policy crowd seems to be positively inclined towards the idea of a four day work week if a recent debate at the Brussels Economic Forum is anything to go by.
19-05-2022

EU Commission proposes Ukraine reconstruction platform

Along with a €9 billion increase in short-term budgetary aid to the Ukrainian government, the European Commission proposed on Wednesday (18 May) setting up a reconstruction platform for Ukraine to help with the massive financing needs of rebuilding the country.
18-05-2022

France effective in combatting financial crime, though some critical gaps remain

France ranks among the top OECD countries in the effective tackling of financial crime, the Financial Action Task Force’s latest evaluation report claims. However, illicit financial dealings related to drug trafficking in French overseas territories are proving hard to combat.
18-05-2022

Access to justice key in corporate sustainability due diligence directive, stakeholders say

Giving those harmed by multinational companies a way to seek recourse, reparation, and justice is one of the goals of the corporate sustainability due diligence directive, but in practice, it may be easier said than done.
17-05-2022

Social Taxonomy risks death by Commission neglect

While the debate regarding the environmental taxonomy is raging between EU member state governments, the project of establishing a social taxonomy is put on the backburner by the EU Commission, according to multiple sources.
16-05-2022

China’s economy skids as lockdowns hit factories, retailers

China's retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains, casting a long shadow over the outlook for the world's second-largest economy.
13-05-2022

EU Commission proposes tax cut to incentivise equity investments

As most corporate tax systems in the EU currently prefer debt financing over equity and EU companies are highly indebted, the EU Commission proposed the introduction of a tax allowance that should incentivise the accrual of new equity rather than debt.
13-05-2022

Commissioner Schmit: You cannot make money on social services

Social economy should not be thought of as an alternative to public services, according to the European Commissioner for jobs and social rights, who nevertheless argued there was a need for a "third way" between the private, profit-oriented economy and publicly provided services that can be served by social economy.
13-05-2022

Putin says sanctions hurting West more than Russia

Russian President Vladimir Putin said Thursday Western countries were worse hit by sanctions imposed on Moscow over Ukraine than Russia, which he insists has been resilient in the face of "external challenges".
13-05-2022

Swiss release some frozen Russian assets

The Swiss government on Thursday (12 May) reported 6.3 billion Swiss francs (€6.05 billion) worth of Russian assets frozen under sanctions to punish Moscow's invasion of Ukraine, a drop from early April as around 3.4 billion francs in provisionally blocked assets were released.
13-05-2022

Mayor: The pandemic gave birth to new ideas for Dubrovnik’s future

“The time of the COVID crisis for us was a period of restart, which gave us time to rearrange, to rethink,” Mato Franković said, adding that the new projects aim to stabilise economic recovery after two years of significant losses.
12-05-2022

The cost of market concentration

Technological progress and lax anti-trust enforcement have led to high market concentration, which in turn led to ballooning profits of some big corporations, to the detriment of economic development, economics professor Jan Eeckhout told EURACTIV in an interview.
Technology 11-05-2022

Conservatives prepare to battle on platform workers directive, rally up with industry

Conservative MEPs from the European People's Party (EPP) are preparing their counter-offensive against the rapporteur's push for tight employment protection for platform workers, joining forces with the industry.
11-05-2022

State of play in social economy finance in the EU

Trying to push the social economy as a flourishing sector of the economy, the EU is using a variety of ways to overcome the tension at the heart of the social economy: How do you attract money to a sector that defines itself as not being about the money?
10-05-2022

Deliberative democracy experiment calls for Brussels involvement in education policy

As the Conference on the Future of Europe (CoFoE) ends and 49 proposals were presented to EU leadership, amongst them is the idea that Brussels gets involved in education policy, at a minimum in civics education.
Technology 10-05-2022

Leading MEP pushes for tight employment protection in platform workers directive

Centre-left lawmaker Elisabetta Gualmini has significantly expanded provisions for platform workers to ask for employee status and the human review of algorithm management in her draft report.
Technology 09-05-2022

French platform workers elect representatives ahead of ‘social dialogue’

Delivery workers and drivers of passenger cars working in France are being called on to elect union representatives who will conduct a 'social dialogue' with platforms like Uber and Deliveroo to improve their working conditions. EURACTIV France reports.
09-05-2022

How Portugal became Europe’s accidental ‘bitcoin heaven’

As governments slowly shackle the crypto industry with regulations and obligations, Portugal is increasingly isolated in Europe -- a place with few rules that investors describe as a crypto paradise.
Cybersecurity 06-05-2022

Bulgarian professor achieves dream of creating world-class tech powerhouse

In April, Bulgaria became home to INSAIT, a new Institute for Computer Science, Artificial Intelligence and Technology that aims to develop a world-class research centre, keep talent in Bulgaria, and attract outstanding international scientists by offering globally competitive research facilities and compensation.
05-05-2022

The EU works – when it ignores its rules

Given the circumstances, the European Union's economy is doing reasonably well. However, this success currently relies on the EU circumventing its own rules, putting into question how sensible they are in the first place.
05-05-2022

EU starts negotiations on distortive foreign subsidies regulation

The European Parliament and EU governments on Wednesday (4 May) each agreed their negotiating position on a proposal aimed at levelling the playing field for European companies facing competition from foreign companies that receive financial support in their home countries.
Europe's East 04-05-2022

Commission pitches post-war recovery plan for Ukraine

European Commission President Ursula von der Leyen on Wednesday (4 May) made a pitch for a post-war recovery package for Ukraine to help it rebuild after the war Russia is waging on its neighbour ends.
04-05-2022

EU body sets out draft sustainability disclosure standards

Companies will have to set a much broader range of sustainability targets under draft new European Union reporting standards, environmental impact body CDP said on Tuesday (3 May).