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THE EUROPEAN Union (EU) should invest in gas interconnections between member states to make its mooted EU Energy Union a success, the executive director of the International Energy Agency (IEA) has claimed.
Speaking (Feb 6) at a conference on the topic in Riga, Latvia, Maria van der Hoeven, said: “If done right, [the Energy Union] could be enormously beneficial to the region in terms of boosting economic growth, promoting energy security, completing the internal market and encouraging investment.”…

AIRPORT development projects are a key part of the Euro EUR315 billion development plan released before Christmas by the European Commission. A keystone of the pro-growth policies of new Commission president Jean-Claude Juncker, the plan involves the EU, especially the European Investment Bank (EIB), leveraging public funds to generate private capital.…

Given today’s uncertain global economic environment, it is up to CFOs to manage expectations and push for their companies’ long-term growth through clear planning and a responsible corporate culture. Business leaders from across the globe discussed how to navigate these issues at the seventh ACCA Poland CFO European Summit, staged in Warsaw, on November 19.…

THE COMPREHENSIVE Economic and Trade Agreement (CETA) between Canada and the European Union (EU) will make it easier for both jurisdictions to recognise each other’s nursing certifications. Political leaders celebrated the end of negotiations in September in Ottawa, Canada (Sept 26).…

THE INCOMING European Union (EU) energy and climate change Commissioner Miguel Arias Cañete and his boss, the future European Commission vice-president for the energy union Maroš Šefčovič have highlighted the need for smart grids and electricity interconnections as way to make Europe more self-reliant for energy.…

THE INCOMING president of the European Commission Jean-Claude Juncker has united the Commission’s portfolios of energy and climate action, nominating Spain’s Miguel Arias Cañete as energy and climate commissioner. If confirmed by the European Parliament, he will serve for the next five years.…

THE EUROPEAN Union’s (EU) finance ministers agreed at an EU economic and finance ministers (ECOFIN) meeting on the scope of the long-threatened ‘financial transaction tax’, and 11 governments pledged to reach an agreement on its details by the end of the year.…

THE AVERAGE tax burden in the developed countries of the Organisation for Economic Cooperation & Development (OECD) have continued to rise, up 0.4% in 2013, to 34.1% of GDP, compared with 33.7% in 2012 and 33.3% in 2011. A new OECD report said the largest 2013 increases were in Portugal, Turkey, Slovakia, Finland, and Denmark, which has the highest tax-to-GDP ratio among OECD countries – 48.6%, followed by France, 45%, and Belgium, 44.6%.…

THE IDENTITY of the new European Union trade commissioner charged with bringing the planned Trans-Atlantic Trade and Investment Partnership (TTIP) to conclusion was unveiled today. Cecilia Malmström of Sweden, who is currently the EU’s home affairs commissioner, has been nominated to hold this sensitive position from November 1.…

Energy savings of up to 30% are possible if clothing and textile producers apply a “simple” system of cost assessment, a Brussels conference of industry experts has been told. Yet too many companies lack fine-tuned energy data and are certainly unable to quantify the money they are losing or know how to focus on the problem.…