Modern EU

International Internet Magazine. Baltic States news & analytics Saturday, 21.10.2017, 00:48

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Proposed Electronic Communications Code: reforming European telecoms

Proposed Electronic Communications Code: reforming European telecoms


The EU’s telecoms markets are subject to changes: the member states need more coordination, legal certainty, clear regulations, investments and incentives. The proposed Code aims to achieve sufficiently long minimum duration for spectrum assignments for 5G across Europe. The EU special agency, the Body of European Regulators for Electronic Communications (BEREC) based in Riga, is an important actor to ensure consistency.

Keyword tags: EU – Baltic States, Good for Business, Investments, Modern EU, Technology, Telecomunications

Trade balance in national economy: EU’s assessment for 2016-17

Trade balance in national economy: EU’s assessment for 2016-17


European Union is one of the main trading blocks in the world. The 19 eurozone states are doing generally better than the EU-28: the latter recorded €5.1 bn deficit in trade in goods with the rest of the world in 2017 (in 2016 the deficit was €8.2 bn). But the eurozone countries are showing quite good results: a surplus of €145.3 bn in 2017, compared with a surplus of €172.2 bn in 2016; trade within the block has risen to about €1,2 trillion.

Poverty and social exclusion in EU and Baltics: present situation

Poverty and social exclusion in EU and Baltics: present situation


It seems that the International Day for the Eradication of Poverty (17 October) has been unnoticed in the Baltic States. However, this issue is quite urgent both in the EU and in the Baltics; and the reduction of the number of persons at risk of poverty or social exclusion in the EU is one of the key targets of the EU-2020 strategy.

Commission’s report “Labour Market and Wage Developments in EU”

Commission’s report “Labour Market and Wage Developments in EU”


Commission’s report-2017 confirms recent years’ positive labour market trends in most EU states. Employment level has surpassed pre-crisis levels with more than 235 million people at work. Unemployment now stands at 7.6%, which is approaching levels prior to the recession.

EU’s sustainable growth platform to implement UN Sustainable Development Goals

EU’s sustainable growth platform to implement UN Sustainable Development Goals


European Commission appointed 30 members to a new high-level multi-stakeholder platform to follow up implementation of the UN Sustainable Development Goals (SDGs) approved at the end of 2015 in the European sustainable economy.


Making the banking sector safer and active: the EU’s new proposal

European Commission for three years has been working on strengthening the single currency and confidence in the euro. Its new Communication is about the completion of the Banking Union - expected by 2018-19- revealing new proposals and pragmatic ideas (e.g. to align risk reduction and risk sharing), which would make it easier to reach an agreement among the EU states on the Banking Union’s issues.


Private and public capital for green and sustainable investment

The EU has pledged to lead the way in implementation the Paris Climate agreement, transition to a low-carbon and sustainable economy’s directions. However, to succeed, the member states need more capital –both public and private -for green and sustainable projects. Some steps have been already taken by the Commission; now it is the member states’ turn…


EU’s Cohesion Policy after 2020: investing in tackling challenges

European economy is growing robustly in recent years, but disparities persist among the EU member states. Seventh Cohesion Report-2017 shows that modern EU economic, social and territorial cohesion needs changes to activate investment process into main European challenges. It suggests three main directions in the cohesion “after-2020” policy: harnessing globalisation, leaving no one behind and supporting structural reforms.


European Commission proposes far-reaching EU VAT system’s reform

The EU member states needed a new and clear taxation system dealing more efficiently with cross border VAT fraud, which at the EU level causes an annual tax revenue loss of around €50 billion. It is estimated that this sum would be reduced by 80% thanks to the proposed reform The Commission suggested a new VAT system to be in place by 2022. It is good news for business, consumers and national budgets, though bad news for fraudsters.


Public works for public good: EU’s draft for procurement rules

A substantial part of states’ public investment in real economy is spent through public procurement: €2 trillion yearly representing 14% of the EU GDP. Ensuring that this money is spent efficiently and effectively is of common European interest. The European Commission suggests a draft to make procurement issues in the EU states in more efficient, simplified and sustainable manner, with full use of digital technologies.


European Pillar of Social Rights: better working and living conditions in EU and Baltics

European Commission started discussions with trade unions and employers' organisations among the EU states on modernising the rules on employment contracts to make them fairer and more predictable for all types of workers. This Commission’s initiative will help the European Pillar of Social Rights to create convergence among the EU states towards better working and living conditions.


The end of sugar quotas in the EU: expected benefits for industry

The end of the quota system gives producers possibilities to adjust to emerging commercial opportunities and explore new export markets. It will simplify current policy management and administrative burden for operators, growers and traders. Abolishing limits to production and/or exports allows the Baltic States to better adjust to market demand, both within and outside the EU.


Facing globalisation: EU assists Baltic States in smart specialisation

To be competitive in the world, the Baltic States shall develop their so-called smart specialisation strategies, or 3S. European Commission proposed a new set of actions to help European states “uncover” their niche areas of competitive strength, to design investment strategies based on their specific actions. Until 31 October, the states can apply for funds in two project categories.


Investing in social transformation: European perspectives

European Investment Bank “patronises” social innovation since 2012; the EIB’s Institute arranges competition among European researchers with the primary purpose of generating social, ethical or/and environmental impact. Fifteen finalists’ projects were assessed in Riga and revealed great potentials of untapped social innovation now being available in the EU and around the world.


EU new industrial policy: investing in a smart, innovative and sustainable industry

It was underlined in the State of the Union address, that the EU industry should be “stronger and more competitive”. Therefore the new European Industrial Policy Strategy (EIPS) is aimed at making the EU industries a world leader in innovation, digitisation and decarbonisation. The renewed EIPS brings together all EU’s existing and new horizontal and sector-specific initiatives into a comprehensive industrial strategy.

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