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EU and China: More Co-operation, not Protectionism say MEPs

added: 06-02-2009

The EU and China are becoming more interdependent, says European Parliament in a report adopted by MEPs, which means that EU-China relations require greater co-ordination among the Member States and with the Commission. Noting an imbalance in bilateral trade between the two partners - notably through China's inobservance of sustainable development, environmental limits and WTO rules - MEPs call on China to meet its obligations and on the EU to provide assistance and promote co-operation.

Fitch: Polish Corporates Face Economic Slowdown and Funding Challenges in 2009

added: 06-02-2009

Fitch Ratings said in a new report that the anticipated economic slowdown affecting Poland's economy, and more difficult and costly access to external funding in the form of bank loans and bonds, will negatively impact the Polish corporate sector in 2009. Another challenge is a marked depreciation of the Polish zloty against the euro and US dollar since September 2008, which has negatively impacted companies with substantial foreign currency-denominated debt that were not able to offset the zloty's depreciation with currency hedging.

Security and Safety of Internet Transactions Need to be Strengthened, says European Parliament

added: 05-02-2009

More than half of EU citizens and nearly 1.5 billion people worldwide have access to the Internet. Yet, despite the fact that one out of three EU citizens conducts online purchases, only 30 million carry out cross-border shopping in the EU. In view of this, MEPs are demanding increased Internet security, simplified rules and specific measures for SMEs in a report adopted in Strasbourg with 562 votes in favour, 9 against and 10 abstentions.

Internationalisation of Small and Medium-Sized Businesses a Priority of the European Parliament

added: 05-02-2009

SMEs account for 99% of the total number of businesses in the European Union, and create 75 million jobs, yet their international performance is "structurally weak". So says the European Parliament in a report which urges the Commission and Member States to enable EU SMEs to develop in a harmonious manner, gain access to new markets and to expand their export activities and internationalisation.

MEPs Debate Support to the Ailing Automobile Sector

added: 05-02-2009

MEPs debated the effects of the financial crisis on the automobile industry after hearing statements from the Council and Commission. Many MEPs called for support to the industry and on manufacturers to concentrate on green technology. Ministers have expressed deep concern about the serious situation that the sector is facing at present, putting at risk a very significant number of jobs. In 2008 there were about 8% fewer cars sold in the EU than in 2007.

EP Adopts Legislation to Crackdown on Employers of Illegal Immigrants

added: 05-02-2009

MEPs voted a package of amendments to the directive against the employment of illegal immigrants, but postponed formalising its position until the next plenary session in Brussels. The sanctions directive sets out that employers of illegal immigrants would be penalised while the immigrants themselves would be granted legal conditions of employment. MEPs are calling for criminal law sanctions in the most serious cases and want to make companies responsible for the actions of their subcontractors.

Trans-European Transport Networks: Towards a New Policy for Meeting Future Challenges

added: 05-02-2009

The European Commission adopted a Green Paper setting out the future challenges of its policy for a trans-European transport network (TEN-T). TEN-T policy needs to be realigned to contribute more effectively to objectives aimed at combating climate change and to support Europe's increasing international role through better infrastructure connections with its neighbours and the wider world.

EC Welcomes EP Recommendations on Future EU Climate Policy

added: 05-02-2009

The European Commission welcomes the report adopted by the European Parliament setting out recommendations for future EU policy on climate change. The approval of the final report from the Temporary Committee on Climate Change shows the Parliament's strong support for ambitious EU action to address the climate challenge. Its recommendations are in line with the Commission's thinking set out in last week's Communication on a new global climate agreement.

Manufacturing Take Home Pay Growth Falls to its Lowest Level in 4 Years

added: 05-02-2009

The VocaLink take home pay index shows that wage growth in the manufacturing sector has plummeted to its lowest level since September 2004. As a result, overall take home pay has fallen to 2.7% in January, its weakest growth since November 2006. This decline continues the clear downward trend in take home pay since the recent peak of 4.5% in July 2008.

Cohesion Policy in 2008: €38 Billion Paid to Member States is helping to Sustain the Economy

added: 04-02-2009

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