The blog by Sincro: The power of information

16 Oct
Brexit European Union

Capital markets union: European Council adopts new clearing house rules (including Brexit)

Capital markets union: The European Council adopted yesterday (15 October) revised rules for clearing houses in the single market. The new framework sets out how EU and third country clearing houses should be supervised in the future, taking particular account of the effects of Brexit on the European financial system.  It will be implemented through […]

14 Oct
EU Trade Agreements

EU trade agreements: delivering new opportunities in time of global economic uncertainties

Despite the difficult global economic climate, European companies have continued to make good use of the opportunities created by the European Union’s trade network – the largest in the world. In 2018 this network covered 31% of Europe’s trade exchanges, a figure that is set to rise significantly (to almost 40%) as more trade agreements […]

11 Oct
ilo Report Small matters

Employment creation: Small businesses and self-employed provide most jobs worldwide, new ILO report says

Self-employment, micro and small enterprises play a far more important role in providing jobs than previously believed, according to new International Labour Organization (ILO) estimates. Data gathered in 99 countries found that these so-called ‘small economic units’ together account for 70 per cent of total employment, making them by far the most important drivers of […]

10 Oct
paraísos fiscales lista UE

EU Taxation: 2 countries removed from list of non-cooperative jurisdictions (UAE and Marshall Islands), 5 meet commitments

On 10 October 2019, the Council agreed to remove the United Arab Emirates (UAE) and the Marshall Islands from the EU’s list of non-cooperative jurisdictions for tax purposes. It also found Albania, Costa Rica, Mauritius, Serbia and Switzerland to be compliant with all commitments on tax cooperation. UAE & Marshall Islands The UAE and the […]

09 Oct
European Union budget

European Union budget 2021-2027: Time to decide

EU Budget 2021-2017. In a Communication published today, October 9, the European Commission outlines the main points that need consideration and a clear steer by EU Leaders in order to reach a swift agreement. Key points These include: – the overall level of funding to match the Union’s shared priorities; – a modern budget with […]

08 Oct
European Council 10 October 2019

Economic and Financial Affairs European Council (10 October 2019)

On 10 October will take place Economic and Financial Affairs European Council. This is the main Agenda: Anti-money laundering The Council will discuss the progress achieved in the implementation of the anti-money laundering (AML) action plan adopted in December 2018. It will also consider the future strategic priorities in the area. In this context, the […]

07 Oct
whistleblower European Union

Better protection of whistleblowers: new EU-wide rules to kick in in 2021

The EU is to guarantee a high level protection to whistle-blowers across a wide range of sectors including public procurement, financial services, money laundering, product and transport safety, nuclear safety, public health, consumer and data protection. Today (7 October 2019) the Council formally adopted new rules on whistle-blowers protection. -The new rules will require the […]

04 Oct

Business investment up to 25.7% in the euro area in the second quarter of 2019

In the second quarter of 2019, the business investment rate was 25.7% in the euro area, compared with 23.8% in the previous quarter. The business profit share in the euro area was 39.2% in the second quarter of 2019, compared with 39.6% in the first quarter of 2019. These data come from a first release […]

03 Oct

ILO: Older workers are most discouraged in these countries

Australia tops a ranking of 102 countries with the largest share of discouraged jobseekers aged 65 years old and over, according to ILOSTAT data. Just shy of 30% of jobseekers in that age category are discouraged. Chile, Singapore and Guatemala follow, and, perhaps surprisingly, Finland, since it and its Nordic neighbours are generally regarded as […]

02 Oct
Brexit European Union jobs

Brexit: European Council approves draft contingency measures about jobs

Supporting persons who may lose their jobs in the event of no-deal Brexit: European Council approves draft contingency measures. The European Union is taking measures to help workers and self-employed persons across the EU‑27 whose jobs and professional activities may be affected as a consequence of no-deal Brexit. Today, 2 October, member states’ ambassadors 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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