202111.17
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The EU to Invest € 40 Billion in Global Projects to Compete with China

The European Union will present a strategy next week to allocate € 40 billion to develop the technological infrastructure. Bloomberg agency writes about this based on the relevant document. Brussels intends to oppose China’s economic initiative – “One Belt – One Road”. According to the agency, the EU’s new strategy is called the Global Gateway….

202110.06
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European Airlines will Reimburse Vouchers for Flights Canceled during a Pandemic

After negotiations with the European Commission and the Consumer Rights Protection Representative, the sixteen major airlines were obliged to provide timely information and compensation in case of canceled flights. According to Justice Commissioner Didier Reynders, in the early stages of the pandemic, some airlines began offering vouchers to compensate customers for canceled flights. However, as…

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…