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25 May
coronavirus WorldBank

World Bank Group: 100 Countries get support in response to COVID-19

The World Bank Group has just announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to 70% of the world’s population. Since March, the Bank Group has rapidly delivered record levels of support in order to help countries protect the poor and vulnerable, reinforce health systems, maintain the private […]

22 May

Annual inflation down to 0.3% in April in the euro area

In April 2020, a month marked by COVID-19 containment measures in all countries, the euro area annual inflation rate was 0.3%, down from 0.7% in March. A year earlier, the rate was 1.7%. European Union annual inflation was 0.7% in April 2020, down from 1.2% in March. A year earlier, the rate was 1.9%. These […]

21 May
UE covid-19

Protection of workers from biological agents: how to classify COVID-19 (EU)

The Employment and Social Affairs Committee will debate with the Commission on Wednesday how to classify SARS-CoV-2, responsible for COVID-19, to protect workers’ health and safety. Yesterday, Members of the Employment and Social Affairs Committee (EMPL) debated with the Commission the proposed classification of the SARS-CoV-2 virus in risk category 3, the second most dangerous […]

21 May
SURE European Union

COVID-19: Council adopts temporary support to mitigate unemployment risks in an emergency (SURE)

COVID-19: Council adopts temporary support to mitigate unemployment risks in an emergency (SURE) As part of its emergency support package to tackle the economic impact of the COVID-19 crisis, the EU has put in place a temporary instrument to help workers keep their jobs during the crisis. The Council today adopted SURE, a temporary scheme […]

19 May
Covid19 ILO

ILO: The Covid-19 crisis has exposed devastating gaps in developing countries

The COVID-19 crisis has exposed devastating gaps in social protection coverage in developing countries. The recovery will only be sustained and future crises prevented if they can transform their ad hoc crisis response measures into comprehensive social protection systems, according to new analysis from the International Labour Organization (ILO). Two briefing papers released by the […]

18 May
Covid19 ILO

The Internal Market Committee will debate the EU’s exit strategy and the impact of COVID-19

European Union: The Internal Market Committee will debate the EU’s exit strategy and the impact of COVID-19 on customs-related initiatives with Commissioners Breton and Gentiloni, respectively. Exit strategy The COVID-19 exit strategy, including gradually lifting lockdown measures and agreeing on the recovery fund, will be the focus of the debate with Internal Market Commissioner Thierry […]

14 May
eurostat covid-19

March 2020: Industrial production down by 11.3% in euro area (Covid-19 impact)

In March 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on industrial production. The seasonally adjusted industrial production fell by 11.3% in the euro area and by 10.4% in the EU, compared with February 2020, according to estimates from Eurostat, the statistical office of the European Union. In February […]

13 May
tourism Commission Guidance covid19

European Commission´s guidance on how to reboot Europe´s tourism in 2020

Tourism and transport: European Commission’s guidance on how to safely resume travel and reboot Europe’s tourism in 2020 and beyond. Today (13 May), the Commission presents a package of guidelines and recommendations to help Member States gradually lift travel restrictions and allow tourism businesses to reopen, after months of lockdown, while respecting necessary health precautions. […]

12 May
Banco de España MREL

The Banco de España will apply flexibility in MREL due to the impact of Covid-19

The Banco de España will apply the flexibility available in the regulations on minimum requirements for own funds and eligible liabilities (MREL), in view of the impact of COVID-19 The Banco de España has undertaken to apply to the institutions under its responsibility the discretion and flexibility afforded by the legal framework for compliance with […]

11 May
EU recapitalisation coronavirus

Covid-19: European Commission expands temporary framework to recapitalisation aid to companies

The European Commission has adopted a second amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to enable Member States to support the economy in the context of the coronavirus outbreak. This follows a first amendment adopted on 3 April 2020. Based on these horizontal rules and in […]


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Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.

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