About: Valdis Dombrovskis

Economic governance 20-10-2021

Brussels relaunches EU fiscal reform, aims to boost green investments

The European Commission on Tuesday (19 October) took another step towards reforming the EU’s much-discussed fiscal rules, including the bloc's strict debt and deficit limits enshrined in the Stability and Growth Pact.
Economy & Jobs 19-10-2021

Life after COVID: EU re-thinks budget rules for new era

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets to fit a post-pandemic reality of higher public debt and the huge costs of transitioning to a zero-emissions economy.

Brussels seeks ‘international coalition’ on trade in green goods

The European Commission will convene a ministerial meeting next year to promote trade as a way of reaching climate and environmental objectives in what could be the first step towards the creation of a “climate club” called for by Germany....
Global Europe 28-09-2021

US Senators call for ‘full accountability’ in World Bank data controversy

The top Democrat and Republican on the US Senate Foreign Relations Committee have urged President Joe Biden to “ensure full accountability” over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva. The panel’s chairman, Senator...
Global Europe 28-09-2021

US to press for semiconductor relief at EU tech meeting

US President Joe Biden will use this week's inaugural technology ministerial with the European Union to push for solutions to the nagging semiconductor supply issue that has hit the American economy, officials said Monday (27 September).
Global Europe 23-09-2021

GAFA targeted by both the US and EU ahead of tech and trade meeting

The United States and European Union plan to take a more unified approach to limit the growing market power of Big Tech companies, according to a leaked draft memo. The move will be among announcements on tech, climate, trade and...
Agrifood 16-06-2021

EU agrifood sector rejoices at five-year trade truce with US

Agri-food stakeholders and policymakers have welcomed the extension of the retaliatory tariff reprieve with the United States for another five years, as well as the steps taken to end the civil aircraft dispute that has disproportionately affected the sector.
Economy & Jobs 21-05-2021

EU hopeful of ending US aircraft dispute by July

The European Union and the United States are working to resolve a dispute over subsidies to aircraft makers and should be able to do so by July, the EU's trade chief said on Thursday (20 May) in a further sign of improving transatlantic trade ties.
Coronavirus 20-05-2021

Commission set to propose alternatives to COVID vaccine IP waiver

As the debate on waiving intellectual property (IP) rights on COVID vaccines heats up, the European Commission is working on an alternative proposal that it wants to submit to the World Trade Organisation, while EU lawmakers remain split on the subject.
Global Europe 18-05-2021

EU, US move to end steel row and point to China

The EU and US took a step towards a post-Trump trade truce on Monday (17 May), agreeing to hold talks to end a tit-for-tat feud over steel and aluminium tariffs.
EU-China 05-05-2021

EU efforts to ratify China investment deal ‘suspended’ after sanctions

European trade commissioner Valdis Dombrovskis said on Tuesday (4 May) that efforts to win approval for a proposed massive investment deal with China were effectively "suspended" after tit-for-tat sanctions were imposed by both sides.
Economy & Jobs 27-04-2021

WTO chief targets EU’s farm policy as part of global discussion on subsidies

The managing director of the World Trade Organisation, Ngozi Okonjo-Iweala, said she wants to discuss China’s industrial subsidies but also state aid given to farmers, such as Europe’s Common Agricultural Policy, as part of efforts to improve the multilateral trading system.
Economy & Jobs 19-04-2021

Italy risks missing Recovery Plan deadline ‘due to EU concerns’

Italy risks missing the deadline for submitting a final version of its Recovery Plan to the European Commission because Brussels is not satisfied with several aspects of the drafts presented so far, two sources close to the matter said.
Coronavirus 24-03-2021

EU on the outs with AstraZeneca as vaccine deliveries struggle to take off

EU officials remain frustrated by the behaviour of AstraZeneca pharmaceutical, which is still struggling to deliver the expected doses of the COVID-19 vaccine to Europe, and are set to use all the tools at their disposal to secure further doses for Europeans.
Brexit 18-03-2021

UK accuses EU of brinkmanship over vaccine export threat

British foreign minister Dominic Raab accused the European Commission of brinkmanship over its threat to ban exports of COVID-19 vaccines, calling for Commission head Ursula von der Leyen to explain her comments.

Seven EU countries have not yet submitted recovery plans

The European Commission reiterated on Thursday (11 March) that the remaining seven EU member states have to submit their national recovery plans by the end of April in order to access the funds.
Economic governance 03-03-2021

Commission wants to keep fiscal rules suspended in 2022

The European Commission said on Wednesday (3 March) that the Stability and Growth Pact should remain suspended next year as the European economy needs additional stimulus to return to the pre-crisis level.

Commission wants to ‘explore options’ for India trade, investment

The European Commission said on Thursday (18 February) that it wants to "explore options" for expanding the EU’s trade and investment with India, notably ahead of the summit scheduled for May in Porto as part of Portugal's presidency of the Council of the EU.
Economy & Jobs 20-01-2021

Commission demands more precision and ambition in national recovery plans

Member states should include more specific milestones and targets and more ambitious reforms in their recovery plans to access the unprecedented stimulus package to combat the COVID pandemic, the European Commission warned on Tuesday (19 February).
Economy & Jobs 19-11-2020

Row over rule of law infects EU virus summit

Hungary and Poland’s opposition to Brussels’ oversight over the rule of law will be top of the EU summit agenda Thursday (19 November), sidelining efforts to tackle the coronavirus epidemic. EU member states had planned to share the lessons learned...
Economy & Jobs 13-10-2020

WTO authorises EU tariffs on $4 billion of US goods over Boeing dispute

The World Trade Organisation authorised on Tuesday (13 October) the EU to impose tariffs on US exports worth $4 billion in compensation for the subsidies given to Boeing by Washington. 
Economy & Jobs 02-10-2020

Dombrovskis announces new defense instrument against trade ‘bullies’

The European Commission's executive vice-president, Valdis Dombrovskis, told the European Parliament on Friday (2 October) that he will put forward a new mechanism to protect the EU from the coercive manoeuvres of trade partners like US and China.
Economy & Jobs 15-09-2020

Dombrovskis and McGuinness hearings scheduled for 12 October 

Commissioners-designate Valdis Dombrovskis and Mairead McGuinness will face their European Parliament hearings to take over Trade and Financial Services on 12 October, with EU lawmakers to decide on their nominations the following week.
Energy 14-09-2020

EU to withdraw free CO2 pollution credits to clear way for carbon border tax

The European Commission plans to withdraw free allowances given to polluting industries under the EU’s emission trading system (ETS) in order to clear the way for their inclusion in the bloc's upcoming carbon border adjustment mechanism, the EU executive's vice-president, Valdis Dombrovskis, said on Monday (14 September).