EU to Ban Products Made with Forced Labour

Forced Labour

The EU Commission has proposed to prohibit products made with forced labour on the EU market.  The proposal covers all products, namely those made in the EU for domestic consumption and exports, and imported goods, without targeting specific companies or industries.  This comprehensive approach is important because an estimated 27.6 million people are in forced…

Samarkand Spirit: A New Format of International Cooperation

Samarkand SCO Summit

On September 15-16, a Summit of the Heads of the Shanghai Cooperation Organization member states was held in Samarkand, which became a platform for discussing the state and prospects for the development of cooperation in the SCO’s sought-after areas and areas of activity. The summit was the first face-to-face meeting of the SCO leaders since…

Minimum Wages in the EU

EU Minimum Wages

MEPs say that minimum wages in all EU countries should allow for decent living and working standards, and member states should promote collective bargaining for pay. With 505 votes in favour, 92 against and 44 abstentions, Parliament adopted new laws on adequate minimum wages in the EU, on Wednesday. The EU law, agreed with the Council…

The Samarkand Summit

Samarkand

The 22nd summit of the Shanghai Cooperation Organization will be held on 15-16 September this year in Samarkand, and will be the largest diplomatic event of the year in Uzbekistan and the Central Asian region. The heads of states and governments of all eight SCO members, three observer states, leaders of invited countries and 10…

Fighting Inflation

Europe needs a comprehensive plan to fight record high inflation, according to S&Ds after the decision of the European Central Bank (ECB) to further increase the key interest rates in a race to tame skyrocketing living costs.  This plan, says the Group, should include social, fiscal, economic, employment and investment measures. Comment came from Biljana…

Netherlands Recovery and Resilience Plan

The European Commission has given a positive assessment of the Netherlands’ recovery and resilience plan.  This is a key step paving the way for the EU to disburse €4.7 billion in grants to the Netherlands under the Recovery and Resilience Facility (RRF).  This financing will, says the EU, support the implementation of the crucial investment…

Passing the Port

Port Wine

Over the first weekend of UK school holidays in late July, there was chaos at the port of Dover with traffic backed up for miles, closely followed by gridlock in nearby Folkestone. After weeks of delays in UK airports because of shortages of baggage handling and border control staff there was a hope that travelling…

Shutting Down The Russian Laundromat

Russian Laundromat

Russian businessmen, oligarchs and officials often use Western banks to store and “launder” the money they have illegally earned in Russia. In the past this was overlooked, but it is now necessary to act and restrict the money flows of Russian citizens. Cyprus was often used by Russians as a springboard for conducting international business…

FAST-CARE

Dombrovskis

The Commission has taken what it  calls “another important step” to help Member States, regional and local authorities and partners to address the consequences of Russia’s aggression against Ukraine by adopting the ‘Flexible Assistance to Territories (FAST-CARE)’. This is a new comprehensive package that extends the support already provided under CARE by offering further support and…