BRUSSELS, Nov 26 (Reuters) – At a technology fair in Moscow
last month, European executives faced the new reality of doing
business in Russia since the West imposed sanctions: the number
of companies at the international showcase had shrunk by half
from a year ago.
“The impact on business couldn’t be clearer. Fewer stands,
fewer companies,” said Mark Bultinck, a sales executive for
Belgian digital screen maker Barco, which had a booth
at the annual expo for the audiovisual industry.
BRUSSELS, Nov 21 (Reuters) – A plan giving Brussels new
powers to fight unfair Chinese exports “is dead”, Italy said on
Friday, with the European Union ideologically split over how to
deal with countries that dump cheap goods in Europe.
Following rows over Chinese goods ranging from telecoms to
solar panels, the European Commission, the EU executive,
proposed rules in 2013 to make it easier to penalise exporters
that sell goods at below production costs.
BRUSSELS, Nov 19 (Reuters) – Japan needs to open up its beer
market to European exports if Tokyo and Brussels are to agree
one of the world’s biggest free trade deals next year, according
to an EU document prepared for the next round of talks in
Japan and the European Union are seeking to strike a deal at
the end of 2015 but EU countries including France and Germany
question Tokyo’s willingness to change often little-known rules
and product specifications that Europe says serve as trade
FRANKFURT, Nov 17 (Reuters) – The European Central Bank’s
stimulus is gaining traction, but should it turn out that its
current efforts are not sufficient to accelerate the euro zone
recovery, the ECB is ready to do more, ECB President Mario
Draghi said on Monday euro zone growth momentum had weakened
over the summer, but the ECB’s policy steps and euro zone
countries’ reforms should still lead to a moderate recovery next
year and in 2016.
BRUSSELS, (Reuters) – European Union governments may agree to impose personal sanctions on more Russian-backed rebels on Monday in response to a separatist vote in eastern Ukraine, but are unlikely to discuss new steps against Russia itself until mid-December, officials said.
EU foreign ministers discussed how to respond to the Nov. 2 separatist election, which they say has no legal basis, as well as ways to launch reforms in Ukraine and engage Russia in finding a solution to the conflict.
BRUSSELS, Nov 12 (Reuters) – The new European Commission
president, Luxembourg’s Jean-Claude Juncker, took political
responsibility for his country’s tax practices on Wednesday,
saying he would fight tax evasion with more automatic exchange
of information between countries.
Juncker, 59, who was the tiny Grand Duchy’s finance minister
or prime minister for 24 years until the end of last year, has
avoided the media since a network of investigative journalists
reported last week that Luxembourg had granted sweetheart deals
to some 340 multinationals allowing them to avoid billions of
euros in tax.
PARIS/BRUSSELS (Reuters) – A senior aide defended European Commission President Jean-Claude Juncker on Monday against charges of having provided a haven for corporate tax avoidance in Luxembourg, saying the entire new EU executive was committed to stamping out tax evasion.
Juncker, 59, who was the tiny Grand Duchy’s finance minister from 1989 and prime minister in 1995-2013, has avoided the media since a network of investigative journalists reported last week that Luxembourg had granted sweetheart deals to some 340 multinationals allowing them to avoid billions of euros in tax.
BRUSSELS (Reuters) – Britain claimed victory on Friday in a budget battle with the European Union, saying it would pay only half of what Brussels had demanded, but EU officials said payment had merely been delayed and euro-sceptic critics accused ministers of deception.
“We have halved the bill, we have delayed the bill, we will pay no interest on the bill,” Britain’s finance minister, George Osborne, said as he left a meeting with his EU peers.