€21 million redirected from Regional Funds to help promote growth in Cyprus

The European Commission has announced the reprogramming of a plan that will help promote growth in Cyprus and strengthen the impact of EU regional funds there. In particular, it will redirect €21 million worth of Regional Funds to help the country deal with the current socio-economic crisis and ensure a quicker delivery of available investments particularly when it comes to supporting small and medium sized business and the employment of young people.

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The Commission proposes new rules to improve application of workers' rights to free movement

The European Commission proposed new measures to ensure the better application of EU law on people's right to work in another Member State and so make it easier for people to exercise their rights in practice. The lack of awareness or understanding of the free movement rules is a major source of discrimination based on nationality, according to the Commission.

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Between October 2012 and March 2013, euro area SMEs reported a deterioration in the availability of bank loans

The report on the results of the “Survey on the access to finance of small and medium-sized enterprises (SMEs) in the euro area” shows an increase in external financing needs for bank loans from SMEs in the EU between October 2012 and March 2013. SMEs also reported a deterioration in the availability of bank loans.

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€35,97 million from EU funds to promote agricultural products in the European Union and in third countries

The European Commission has approved a contribution of €35,97 million to the total budget of the 22 programmes to promote agricultural products in the European Union and in third countries. The third countries/regions targeted are: Russia, China, North America, South-East Asia, Norway, Switzerland, Ukraine, India and South-Korea.

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MEPs want to start negotiations with US in public procurement and financial services

The International Trade Committee approved a resolution that calls on the Council to authorize the start of Transatlantic Trade and Investment Partnership (TTIP) talks with the US in June. MEPs highlighted that the negotiating mandate should include public procurement and financial services, but exclude culture.

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