The Commission is working with global tech sector to have a common measurement framework of carbon footprint

The European Commission announced that it is working with 27 of the world's leading tech companies and associations to measure their carbon footprint arising from the production, transport and sales of ICT goods, networks and services. The next step in this European Commission initiative is to get the ICT and relevant industries to put these methods into everyday use.

Read more …

€200 million from EU funds for leveraging investments from EU development banks

The European Commission announced the allocation of €200 million to the Neighbourhood Investment Facility with the objective of leveraging investments from EU development banks. The planned investments will target energy and transport projects establishing infrastructure interconnections between the EU and neighbouring countries.

Read more …

The Late Payments Directive does not necessarily apply to the stock of commercial debt of public administrations

Commission's Vice Presidents Olli Rehn and Antonio Tajani have made a joint statement in which remains the Late Payments Directive, that must have been transposed and applied as of 16 March 2013, does not necessarily apply to the outstanding stock of commercial debt. In particular, in the case of Italy, the authorities have decided that the new rules will apply only to contracts signed since 1 January 2013.

Read more …

The destruction of employment during the crisis has been sharpest in mid-paying jobs

Eurofound’s report finds that the destruction of employment during the crisis has been sharpest in mid-paying jobs, while sparing in large part jobs at either end of the wage distribution. Higher paid jobs in service sectors in particular have proved most resilient.

Read more …

Eurogroup welcomes the political agreement reached with Cyprus on its adjustment programme

Euro zone leaders welcomed in a statement the political agreement reached with the Cypriot authorities on the cornerstones of the policy conditionality underlying a future macroeconomic adjustment programme. The measures agreed include the introduction of an upfront one-off stability levy applicable to resident and non-resident depositors.

Read more …