202108.31
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EU to Suspend Some of the Funding to Czech Republic Following the Prime Minister Scandal

The EU is threatening to suspend funding to the Czech Republic. This follows a letter sent last Thursday by the Commission to three Czech government ministries and published by Czech news server iRozhlas.cz on Monday. The Commission warned that the Czech Republic has still not taken enough action to meet EU standards on the prevention of conflicts of…

202107.23
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COVID Pandemic and Tax Exemptions in the EU Countries

It’s been a while since governments are trying to mitigate the economic consequences of the ongoing COVID pandemic. European Council announced that it had adopted an amendment to the VAT Directive to introduce a temporary VAT exemption on importations and certain supplies in response to the COVID-19 pandemic. The “buy and donate” directive, which applies…

202107.15
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The EU Climate Plan to Hurt Europe’s Heavy Industry

The European Commission has presented the EU Green Deal environmental plan, which aims to reduce emissions by 55%. First, a cross-border carbon duty (Carbon Border Adjustment Mechanism (CBAM)) will be introduced to restrict imports of steel, aluminum, cement, fertilizers, and electricity to the EU. The scheme will be launched in test mode from January 1,…

202107.14
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EU Extends Economic Sanctions on Russia

The European Union (EU) has extended economic sanctions on Russia for six months until January 31, 2022, according to a statement posted on the organization’s website. “The decision of the European Council was followed by an assessment of the state of implementation of the Minsk Agreement at the meeting of the European Council on June…