EC proposes to alleviate accounting requirements on micro-enterprises

The European Commission has put forward a new proposal which would allow Member States to completely abolish financial reporting obligations for the EU's smallest companies. In a deteriorating economic climate, the new rules are designed to alleviate the regulatory burden on micro entities. The aggregate administrative burden reduction potential is estimated at around € 6.3 billion.

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The inflation rate fell to 1.1% in January in the Euro area

According to recent data published by the EU Statistical Office, Eurostat, the rate of inflation in the eurozone fell by 1.6% in December to 1.1% in January 2009, while it decreased from 2,2% to 1.7% in the Twenti-Seven

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Unemployment rose to 8.2% in the euro area in January 2009

According to recent data published by the Statistical Office of the EU, Eurostat, in January 2009 unemployment in the euro zone rose to 8.2% from 8.1% in December 2008, while in the Twenty-seven were increased from 7.5% to 7.6%. Among the Member States, the lowest unemployment rates were observed in the Netherlands (2.8%) and Austria (4%) and highest in Spain (14.8%) followed by Latvia (12.3%).

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EC clears concentration between Goldman Sachs and Constellation Energy Commodities

The Official Journal of the European Union, OJEU, has published on February 27th 2009, Commission's authorisation for the announced concentration between Goldman Sachs and Constellation Energy Commodities.

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EC opens the debate to reach an EU common approach to Maritime Spatial Planning

Joe Borg, Commissioner in charge of maritime affairs and fisheries, opened on February 26th 2009 an EU-wide debate on how to improve maritime spatial planning across the European Union. The Commission believes that a common approach across the EU and closer coordination between Member States could cut administrative procedures and provide a stable legal framework for investors.

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Published the work plan for 2009 and four calls for proposals under the II Programme of Community action in the field of …

The Official Journal of the European Union has published on February 26th the Commission Decision of 23th February 2009 concerning the adoption of the 2009 work plan to implement the Second Programme of Community action in the field of health (2008-2013), and the criteria for selection, award and other factors that apply to financial contributions for activities of this programme. Together with this programme, four calls for proposals have also been issued.

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EU support to fight the crisis in the automotive sector

The automotive sector, with 12 million jobs depending on it, has been hit particularly hard by the current economic crisis with new registrations down by 20% and poor expectations for 2009. In today's communication, the European Commission defends a proactive stance to support industry in their efforts to withstand the crisis, soften negative effects and ensure long-term competitiveness.

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EC issues a Communication setting guidelines for the treatment of impaired assets in the EU banking sector

The European Commission considers that a common European approach is presently needed to deal with the treatment of impaired assets, to make sure that foreseeable losses are disclosed and properly handled and banks can use their capital to resume their normal function of lending to the economy instead of fearing they would need this capital to cushion against possible losses.

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Internal market and the Recovery Plan, the keys to tackle the economic crisis

The European Commission continued its work to implement the European Economic Recovery Plan with a special meeting with the representatives of trades unions and employers at EU level. It showed a wide consensus that the internal market and the Recovery Plan provided the right springboard for tackling the crisis and taking action on jobs in Europe.

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EC extends eligibility period for Structural Funds as a way to tackle financial crisis

The European Commission has announced a package of decisions aimed at giving Member States more flexibility in their use of the structural funds, in response to the financial and economic crisis. The changes will extend the deadline for EU countries to use up their allocations from the 2000-2006 funding period until June 30th 2009, ensuring that every available Euro can be used to maximum effect.

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Experts meet in Brussels to discuss IMI Network and the Services Directive

The "IMI Awareness-Raising Conference" taking place in Brussels on February 25th 2009 marks the IMI Services Directive pilot project launch, a key point in time, as the first exchanges of information on services in Internal Market Information system (IMI) will start as from March 2009.

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Stockholm will be the first European Green Capital in 2010

European Commissioner for Science and Research, Janez Potočnik, has announced at a ceremony in Brussels that the Swedish capital will be European Green Capital in 2010 followed by Hamburg in 2011. The European Commission's new award scheme encourages cities to improve the quality of urban life by taking the environment systematically into account in urban planning

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