The blog by Sincro: The power of information

10 Sep
European Council commissioners

European Council adopts list of candidates for appointment as Commissioner

The European Council today (10 September) adopted the list of persons whom it proposes for appointment as members of the Commission until 31 October 2024. Under Article 17 of the Treaty on European Union, the list is adopted by the Council by common accord with the President‑elect of the Commission. President-elect Ursula von der Leyen […]

06 Sep
GDP in European Union

GDP up by 0.2% and employment up by 0.2% in the euro area in the second quarter 2019

Seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and the EU28 during the second quarter of 2019, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2019, GDP had grown by 0.4% in the euro area […]

05 Sep
VAT in European Union

VAT Gap: EU countries lost €137 billion in VAT revenues in 2017

EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today (5 September). The so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the amount actually collected – has reduced somewhat compared to previous years but remains very high. […]

04 Jul
ESDE 2019 European Union

The European Commission publishes the 2019 edition of its yearly Employment and Social Developments in Europe review (ESDE)

Yesterday, 3 July, the European Commission published the 2019 edition of its yearly Employment and Social Developments in Europe (ESDE) review. In light of global long-term trends such as ageing, globalisation, technological transformation and climate change, the 2019 ESDE is dedicated to the theme of sustainability. The report shows that tackling climate change and preserving […]

03 Jul
eurostat business in european union

First quarter of 2019: Business investment stable at 23.6% in the euro area

In the first quarter of 2019, the business investment rate was 23.6% in the euro area, stable compared to previous quarter. The business profit share in the euro area was 39.8% in the first quarter of 2019, compared with 40.0% in the fourth quarter of 2018. These data come from a first release of seasonally […]

02 Jul
taxes European Union disputes

Fair Taxation: New EU-wide system to resolve tax disputes between Member States applies from 1 July

Fair Taxation in EU. New EU rules come into force yesterday, 1 July, to ensure quicker and more effective resolution of tax disputes between Member States, making life easier and offering much more tax certainty for businesses and individuals experiencing double taxation issues. The eagerly awaited new system will help to find solutions for tax […]

27 Jun
geoblocking in european union

Digital Single Market: Survey shows Europeans are well aware of rules against unjustified geoblocking

Seven months after new rules against unjustified geoblocking began to apply, general consumer awareness of the new rules against restrictions for online shopping and cross-border sales is already high. A Eurobarometer survey published today, 27 June, shows that just a few months after the new rules on geo-blocking started to apply, 50% of EU citizens […]

21 Jun
future EU 2019 2024

European Union: A new strategic agenda 2019-2024

European Union. A new strategic agenda 2019-2024 has been approved on June, 20. In recent years, the world has become increasingly unsettled, complex and subject to rapid change. That creates both opportunities and challenges. Over the next five years, the EU can and will strengthen its role in this changing environment. Together, we will be […]

20 Jun
complementos salariales computan en el SMI

Wide variation of consumption per capita across EU Member States: GDP per capita ranged from 50% to 254% of EU average

Actual Individual Consumption (AIC) is a measure of material welfare of households. Based on first preliminary estimates for 2018, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 56% to 132% of the European Union (EU) average across the Member States (figures released by Eurostat). Ten Member States recorded AIC per capita above […]

18 Jun
european travel document European Council

European Council adopts directive for an EU emergency travel document (ETD)

Today, June 18, the European Council adopted a directive on an EU emergency travel document. That is how EU is facilitating consular protection for unrepresented citizens of the EU in third countries by simplifying the issuing of safe and widely accepted emergency travel documents. The negotiations on this file were concluded under the Romanian Presidency […]


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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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