Modern EU

International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 17:37

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European economy in summer 2019: consecutive growth

European economy in summer 2019: consecutive growth


European Commission publishes four economic forecasts each year; in winter and summer they cover only annual/quarterly GDP and inflation indices for all EU states and the euro area. This summer forecast reflects a set of technical assumptions concerning exchange rates, interest rates and commodity prices. Next economic forecast will cover autumn economic forecast in November 2019.

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

Transition to a carbon-neutral economy: latest EU’s accounts

Transition to a carbon-neutral economy: latest EU’s accounts


The Commission has published in July the 2019 edition of a yearly Employment and Social Developments in Europe (ESDE) review. In line with the global long-term trends, i.e. ageing, globalisation, technological transformation and climate change, the ESDE-2019 is dedicated to the theme of sustainability and circular economy.

Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support

Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support


The idea of connecting fintech and innovation has been practically realised in the EBRD-Swedbank/Lithuania and Estonian accelerator’s partnership. It has been launched recently to develop a successful innovation hub that would foster technological solutions both in Lithuania and other two Baltic States using new financial instruments.

EU research budget for the last Horizon-2020 year

EU research budget for the last Horizon-2020 year


The EU intends to spend the last annual tranche - €11 bn - of the Union’s research and innovation program in its final year. Horizon 2020, the EU's €77 billion research and innovation program for 2014-20, supported scientific excellence in the EU states and contributes to high-profile scientific breakthroughs. Perspectives for researchers in the next seven years are bright as well…

Libra – a new global digital currency

Libra – a new global digital currency


Recent interest in crypto currencies around the world has prompted renewed interest in a new digital token, the Libra, as a “bitcoin”, which was initially introduced in 2008-09 and has become since a most widely used and accepted digital currency.


Simple and transparent securitisation in financial sector: new EU rules in 2019

New rules to revive the EU's securitisation market entered in 2019; they will lead to more investment opportunities and increased lending to households and businesses.


European universities’ alliance for education quality

European Commission announced first EU higher education institutions’ selection to create “European Universities” alliance to enhance the quality and attractiveness of European higher education and boost cooperation between institutions, their students and staff.


European high quality and future-oriented education: effect for economy and business

The EU provides states with both advice and support for high youth's quality and inclusive education. The idea is to give students needed knowledge and skills for adequate response to new opportunities and challenges opened by globalisation and technological change. These challenges are to be incorporated into the national education policies in order to tackle the needs of the perspective labour market's requirements.


New innovative initiative to support researchers and SMEs in the EU states

New European Innovation Council (EIC) will help researchers in the states to turn their most radical ideas into innovative and “revolutionary” technologies. The EIC has three spheres of support: coaching, networking and funding. About €3 billion is provided during 2018-20 to fund most talented innovators and help the SMEs to scale up and expand beyond European borders.


Circular economy’s priority in the 10th EUSBSR Forum

The EU’s “macro-regional” cooperation “units" regional authorities in quicker and efficient solution of local issues having “European dimension”. The EU strategy for the states around the Baltic Sea area was the first one adopted a decade ago. The jubilee’s Forum motto: “reduce, reuse and rethink” provided a platform for discussions on present and perspective regional authorities’ planning on sustainable and circular economy issues.


Spring-2019: European economy’s account

Several times during a year (at winter, spring and autumn), the Commission delivers assessments of the member states socio-economic development, which -being formally treated as “recommendations”- in fact are having quite serious impact on national planning. Below are some vital aspects from the Commission’s spring forecast which shall be taken into account by the Baltic States’ governments.


Comprehensive EU strategy to target urgent regional challenges

Modern European challenges are becoming closer to sustainability: no wonder, the EU Baltic Sea regional forum’s 10-year jubilee takes circular and sharing economy issues as its main agenda. They have already become an integral part in some EU states’ governing aspects. Besides, ideas of “reduce, reuse and rethink” (the so-called “4T” issues) would be of interest too…


Latvian issues in progress: EU’s vision for the country’s growth

There have been recently a couple of high-rank advises for the Latvian government for a progressive development: some voluntary, like that of OECD last month, some compulsory, like the present approved by the Council of the European Union. It’s difficult to see which of these two are more important, but both can actually serve as a background for Latvian planning process for at least next two years.


Tackling Latvian economy and sustainability: OECD’s assessment

Recent OECD assessments for Latvia (presented at the end of May in Riga) have been quite unique: the “pack” was instigated by the modern global double-trends concerning growth and climate change. Hence the OECD’s survey for 2019 consists of two reviews: on economic development and on the country’s sustainability issues; both represent some matters of concern for the Latvian governing establishment…

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