VICTORIA MEDIA

Business & Financial News email: business(@)victoriamedia.net

European Union

Boost consumer power in the energy market, urge MEPs

Consumers should be given more power in the energy market, say MEPs in a resolution on a “new energy deal for energy consumers”, voted on Thursday. They recommend collective buying, household power generation, better price comparison tools for all and making it easier to switch energy providers and tariffs. In a non-binding text, intended as […]

Posted in Energy, European Union | Comments Off on Boost consumer power in the energy market, urge MEPs

MEPs back more duty-free olive oil imports to help Tunisia but want safeguards

To help strengthen Tunisia’s economy, hit not least by 2015 terrorist attacks, MEPs backed emergency plans to allow an additional 70,000 tonnes of its virgin olive oil to be imported duty free in the EU, in 2016/17. However, MEPs also inserted requirements for the EU Commission to do a mid-term assessment of the effects of […]

Posted in European Union, Tunisia | Comments Off on MEPs back more duty-free olive oil imports to help Tunisia but want safeguards

Eurogroup President Jeroen Dijsselbloem pledges to strengthen EU Banking Union and tackle tax-avoidance

Eurogroup President Jeroen Dijsselbloem will strive to strengthen the EU Banking Union, despite recent calls to loosen regulation in response to bank share volatility in in global markets, he told the Economic and Monetary Affairs Committee on Thursday. “There should be no doubt of the European Union’s determination to apply these rules”, he said in […]

Posted in Economic and monetary affairs, European Union | Comments Off on Eurogroup President Jeroen Dijsselbloem pledges to strengthen EU Banking Union and tackle tax-avoidance

European platform to tackle undeclared work

Parliament endorsed draft EU legislation establishing a “European platform” to enhance cooperation in combatting undeclared work in a vote on Tuesday. The platform would enhance cooperation among EU member states’ labour ministries, trade unions and employers’ associations about how best to tackle a problem that is damaging the EU economy and distorting the labour market. […]

Posted in European Union | Comments Off on European platform to tackle undeclared work

Make best use of every euro and combat fraud, say budgetary control MEPs

MEPs urge EU member states to claw back EU funds lost through fraud or irregular spending, and the EU Commission to use its executive powers to help them to fight fraud and tax avoidance, in a resolution passed by the Budgetary Control Committee on Thursday. The resolution, on how EU funds were spent in 2014, […]

Posted in European Union | Comments Off on Make best use of every euro and combat fraud, say budgetary control MEPs

Trade MEPs back emergency plan to import 70,000 tonnes of Tunisian olive oil duty free

A proposed emergency measure to import 70,000 tonnes of olive oil from Tunisia duty free, to help boost the struggling Tunisian economy, hit not least by terrorist attacks of 2015, was backed by the EP Trade Committee on Monday. To meet the concerns of the EU olive oil producers, they nonetheless inserted an amendment that […]

Posted in European Union, Tunisia | Comments Off on Trade MEPs back emergency plan to import 70,000 tonnes of Tunisian olive oil duty free