Modern EU

International Internet Magazine. Baltic States news & analytics Wednesday, 21.03.2018, 05:17

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Nordic states lead in the Global “happiness index”

Nordic states lead in the Global “happiness index”


World Happiness Report-2018 has shown that among ten “happiest countries” in the world there are five Scandinavian states: Finland, Norway, Denmark, Iceland and Sweden. The Report acknowledges a clear advantage of a Nordic model’s development for other European states to emulate.

Keyword tags: Analytics, EU – Baltic States, Modern EU, Rating

Food quality needs additional attention from the EU institutions

Food quality needs additional attention from the EU institutions


Food quality has become issues of great concern in the member states. Responding to consumers’ demands, the European Commission started to assess problematic issues. The EU has started with administrative measures: it launched a “Centre for Food Fraud and Quality”, which will complement the EU Food Fraud Network by providing an interface between science and policy-making.

European Semester in 2018: facing modern challenges

European Semester in 2018: facing modern challenges


Since the start of the European Semester in 2011, the EU member states have made progress in financial services, in fiscal policy and governance. The Semester has been enriched in 2018 by requirements of the European Pillar of Social Rights. Besides, the states are having good guidance in getting support for progressive structural reforms.

Reducing inequalities and sustaining competitiveness in education

Reducing inequalities and sustaining competitiveness in education


European Commission adopted new initiatives to improve key competences and digital skills of European citizens, to promote common values and pupils’ awareness of the functioning of the European Union.

Baltic States' electricity and gas connections with Europe

Baltic States' electricity and gas connections with Europe


For historical reasons, the Baltic States' electricity grid is still being operated in close connection mode with the Russian and Belorussian systems. The synchronisation will bring closer a fully functioning and connected internal energy market and increase energy security of the Baltic States by 2025. The same type of “energy integration with the West is designed for the Baltic States’ gas system.


Improving working conditions in European states: new draft for a Directive

The “world of work” is changing fast with a growing number of non-standard jobs and contracts. After extensive public consultation in the member states, the draft Directive forces social partners to implement new minimum working conditions’ requirements through collective agreements. The Baltic States shall be aware of new requirements as the draft fully respects national social dialogue practices.


EU’s trade defence policy: protecting member states’ industries

New EU trade defence legislation is aimed at changing the way the member states deal with the dumped and subsidised imports from countries outside EU with significant state-induced market distortions. The first “cases” would include some China’s industries, followed by Russia’s.


Removing obstacles & reinforcing trust in the Single Market for SMEs and consumers

Two new Commission’s drafts are aimed at making it easier for companies, especially SMEs, to sell their products across Europe. Besides, the proposals would reinforce trust and strengthen control by national authorities and customs officers to prevent unsafe products from being sold to European consumers. Adopted by the European Parliament and the Council, they will be directly applicable in the member states.


Being informed about EU legislation: new online register

To better inform wide public and business about contemporary EU decision-making process, a new common online register is being launched at the end of December 2017. Anyone can now easily search and find delegated acts linked to certain economic sectors. It also allows users to subscribe and receive notifications about the development of specific delegated acts which they are interested in.


“Smart” SMEs projects will be approved by the EU’s two institutions: EFSI and EIB

European Parliament adopted Commission’s draft for enhancing the European Fund for Strategic Investments (EFSI). Thus, EU legislative institutions supported new EFSI, called EFSI-2.0 version aimed at modernising EU and states’ financial resources for “smart” projects from January 2018, while removing existing barriers for investments in European perspective SMEs.


EU’s Economy & Finance Minister’s idea becomes a reality by mid-2019

A new Commission “roadmap” is aimed at concrete measures for deepening Economic and Monetary Union. In mid-2019, a new EU Minister for finances and economy may help the Baltic States taking steps for greater unity and efficiency. Besides, a new European Monetary Fund would assist existing Single Resolution Fund in facilitating an orderly resolution of distressed banks in the EU states.


New VAT system based on EU states’ cooperation

The common Value Added Tax (VAT) system plays an important role in European Single Market, e.g. it is a major source of EU’s revenue providing for over €1 trillion yearly; it corresponds to 7% of Union’s GDP. Commission suggests new rules aimed to facilitate information exchange and cooperation among national tax authorities and the EU.


Food and farm sector becomes the domain of national political decisions

The Commission’s ideas of supporting farmers through sustainable agriculture in simpler and more flexible rules have been sent to EU states in the Commission’s Communication concerning European food and farming sector. Following subsidiarity principle, new agricultural policies shall be made by the states in developing national food and farm sectors with sufficient control from the Commission.


EU’s international cooperation and development aid: business opportunities

The European Commission revealed concrete investment areas in the EU’s External Investment Plan. This plan will mobilise €44 billion of sustainable investment for African and EU’s neighbourhood countries. Such investments are expected to reduce emigrants’ flow to Europe and help to assist businesses interested in external activities.


European Semester aims at sustainable and inclusive growth

European Semester is a specific EU’s control instrument over member states’ development. At the end of 2017, Commission sets out EU's economic and social priorities for 2018 and gives policy recommendation for the euro area states and completes the assessment of these states' draft budgetary plans. The Baltic States’ draft budgets are regarded compliant with the requirements for 2018.

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