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14 Apr
European Council April 2020 Covid19

Tackling COVID-19: European Council adopts amended EU budget for 2020

The EU is making available almost all the remaining money from this year’s budget to fight the COVID-19 pandemic. The European Council has today (14 April) adopted by written procedure two proposals which amend the EU budget for 2020 in order to free up funds to respond to the COVID-19 crisis Money is also being […]

13 Apr
European Union coronavirus

European Council: Report on the economic policy response to the COVID-19 pandemic

European Council: Report on the comprehensive economic policy response to the COVID-19 pandemic. The COVID-19 pandemic constitutes an unprecedented challenge with very severe socio-economic consequences. We are committed to do everything necessary to meet this challenge in a spirit of solidarity. A coordinated and comprehensive strategy is necessary to deal with health emergency needs, to […]

26 Feb
BREXIT DEAL 2020

EU-UK relations: European Council gives go-ahead for talks to start and adopts negotiating directives

The Council yesterday (25 February) adopted a decision authorising the opening of negotiations for a new partnership with the UK, and formally nominating the Commission as EU negotiator. The Council also adopted negotiating directives which constitute a mandate to the Commission for the negotiations. The EU wishes to establish an ambitious, wide-ranging and balanced economic […]

21 Feb
Eu budget european union

European Council sets its priorities for the 2021 EU budget: 11 conclusions

The European Council has adopted the following conclusions setting out its priorities for the 2021 EU budget. ​”1. The Council underlines that the budgetary procedure for 2021 will be the first in the new programming period 2021-2027. In this regard, the budget will play an important role in the development and delivery of the Union’s […]

20 Feb
VAT European Council

VAT: European Council adopts simplified rules for small businesses

The European Council has just adopted simplified VAT rules applicable to small businesses. The new rules will apply as of 1 January 2025. The purpose of the new measures is to reduce the administrative burden and compliance costs for small enterprises and create a fiscal environment which will help small enterprises grow and trade across […]

04 Dec
European Council financial

Financial supervision: European Council adopts a review of the supervisory framework for financial institutions

The EU will have an improved supervisory framework for European financial institutions in place by the end of the year. The Council adopted today a first fundamental review of the functioning of the European system of financial supervision (ESFS). The ESFS was established in 2011 and consists of: three European supervisory authorities (ESAs): the European banking authority […]

02 Dec

Financial supervision: European Council adopts a review of the supervisory framework for financial institutions

The EU will have an improved supervisory framework for European financial institutions in place by the end of the year. The Council has adopted a first fundamental review of the functioning of the European system of financial supervision (ESFS). The ESFS was established in 2011 and consists of: three European supervisory authorities (ESAs): the European banking […]

29 Nov
European Council

The European Council appoints new Commission

The European Council today appointed by written procedure the new Commission (for the period from 1 December 2019 to 31 October 2024) The new President of the Commission will be Ursula von der Leyen (Germany) and the High Representative of the Union for Foreign Affairs and Security Policy will be Josep Borrell (Spain), who will […]

27 Nov
european union spain

Compensation for damages by the State for infringement of EU law: the European Commission refers Spain to the Court of Justice

Today, 27 November the European Commission decided to refer Spain to the Court of Justice of the EU regarding Spanish rules on compensation for damages caused by the State when adopting legislation contrary to Union law. Following complaints received about certain Spanish provisions regulating the compensation for damages caused by legislative acts that are in […]

18 Nov
European Council

EU makes it easier for companies to restructure within the single market

The EU is removing unjustified barriers to EU companies’ freedom of establishment in the single market. Following an agreement with the European Parliament earlier this year, the Council today (18 November) adopted a directive that facilitates EU companies’ cross-border conversions, mergers and divisions. Comprehensive procedures The new rules introduce comprehensive procedures for cross-border conversions and […]

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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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