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    • Other meeting · News articles
    • Economic and Financial Affairs
    European Corporate Governance Conference - The right balance between the different interests at stake and sustainable long-term investment at the heart of opening speeches from Félix Braz and Věra Jourová

    The 17th European Corporate Governance Conference took place on 15 December 2015 in Luxembourg under the auspices of the Luxembourg Presidency of the Council of the EU and the European Commission. Luxembourg's Minister of Justice, Félix Braz, and the European Commissioner for Justice, Věra Jourová, delivered the opening speech for this event dedicated to the influence of new forms of financing on corporate governance, the governance of subsidiaries in multinational groups and recent developments in corporate governance of credit institutions and investment firms.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference 'Financing the Circular Economy' - How to smooth the transition towards the Circular Economy

    As part of the Luxembourg Presidency of the Council of the European Union (EU), the European Commission and the European Investment Bank (EIB) organised a conference in Luxembourg on 10 December 2015, entitled 'Financing the Circular Economy'. The purpose of this meeting was to involve the European financial sector in the Circular Economy, which is essential for EU Member States if they wish to combat commodity shortages and resulting price fluctuations and the destruction of the natural environment. Following words of welcome from Prime Minister, Xavier Bettel, and from the President of the European Investment Bank, Werner Hoyer, the European Commissioner heading the Environment, Maritime Affairs and Fisheries, Karmenu Vella, presented the 'Circular Economy' package adopted by the European Commission the previous week, on 2 December 2015.

    • Council Meeting · News articles
    • Economic and Financial Affairs
    ECOFIN Council – Taxation, the banking union and the financial transaction tax on the Ministers' agenda

    European Union (EU) Economy and Finance Ministers met in Brussels on 8 December 2015 for the 'Economic and Financial Affairs' (ECOFIN) Council, chaired by the Minister for Finance, Pierre Gramegna. The agenda of the meeting was largely devoted to taxation, with the adoption of conclusions on the future of a code of conduct on business taxation and on tax base erosion and profit shifting (BEPS). The Council also discussed the progress on international aspects of a proposed common consolidated corporate tax base. In addition, Ministers addressed the state of play of banking union legislation and the European Commission's proposal for a regulation establishing a European deposit guarantee scheme.

    • Other meeting · News articles
    • Competitiveness, Economic and Financial Affairs

    On 24 November 2015, during the second day of the "Manufuture 2015" conference, entitled "Strategic Investments in European Manufacturing to Rise to Global Challenges", which was held in Luxembourg in the framework of the Luxembourg Presidency of the Council of the European Union (EU), European industry stakeholders and experts continued discussions on innovation in the manufacturing sector. In his opening address, Marc Hansen, Secretary of State for Higher Education and Research, declared that innovation through research helps to boost reindustrialisation.

    • Ministers in the European Parliament · News articles
    • Economic and Financial Affairs
    2016 EU budget – The European Parliament debates on the agreement reached with the Council on the eve of its final vote on the compromise

    The Minister for Finances and President of the Ecofin Council, Pierre Gramegna, attended the plenary session of the European Parliament in Strasbourg on 24 November 2015, to participate on behalf of the Council in the debate on the draft joint EU budget for 2016, following the deal reached between the two institutions in the Conciliation Committee on 14 November 2015. This compromise, negotiated in Brussels under the aegis of the Luxembourg Presidency, was formally adopted by the Council on 24 November 2015 by written procedure, and will be submitted for voting to the plenary session of the Parliament on 25 November. At the time of the debate, Pierre Gramegna commended "the very good result for all the institutions and, above all, for Europe", evoking "the unity, the solidarity et the efficacy of the European Union".

    • Other meeting · News articles
    • Competitiveness, Economic and Financial Affairs
    'Manufacture 2015' Conference- The importance of investing in innovation in the manufacturing sector at the centre of discussions

    In the context of the Luxembourg Presidency of the Council of the European Union (EU), the 'Manufacture 2015' Conference was held in Luxembourg on 23 and 24 November 2015. The main aim of this conference, which brought together actors and experts from European industry, was to identify and validate new political, financial and scientific instruments which could help strengthen and improve research and innovation in Europe. In their opening speech, the speakers stressed the importance of investing in the manufacturing sector. Francine Closener, Secretary of State for the Economy, pointed to innovation as the key to competitiveness in the European manufacturing industry.

    • Other meeting · News articles
    • Economic and Financial Affairs, Employment, Social Policy, Health and Consumer Affairs, Foreign Affairs
    High-level TTIP conference – Xavier Bettel calls for a comprehensive and qualitative agreement

    The Luxembourg Presidency of the Council of the EU, together with the European Parliament, the European Commission and the European Economic and Social Committee (EESC), held a conference in Brussels on 17 November 2015 entitled "TTIP - What's in it for the social partners?". The purpose of the conference, which brought together social partners from the 28 Member States for the first time, was to address different aspects of the negotiations on the Transatlantic Trade and Investment Partnership (TTIP) currently being discussed by the EU and the USA, and in respect of which a number of concerns have been put forward.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – Focus on Growth and the EMU by the fourth panel

    Under the Luxembourg Presidency of the Council of the European Union, on 9 and 10 November 2015, in Luxembourg, the Chamber of Deputies held an Interparliamentary Conference on Stability, Economic Coordination and Governance in the European Union, as provided for by Article 13 of the Treaty on Stability, Coordination and Governance (TSCG). Growth and the economic and monetary union (EMU) were the focus of the conference's fourth panel.

    • Council Meeting · News articles
    • Economic and Financial Affairs
    ECOFIN Council – Ministers agree on the bridge financing for the Single Resolution Fund within the context of a Banking Union

    European Union (EU) Economy and Finance Ministers met in Brussels on 10 November 2015 for the "Economic and Financial Affairs" (ECONFIN) Council, chaired by the Minister for Finance, Pierre Gramegna. During this meeting, the Council adopted conclusions on financing the fight against climate change, with a view to the climate conference in Paris, and also on the European Commission's action plan aimed at creating a Capital Markets Union. In the Banking Union dossier, ministers agreed on the bridge financing for the Single Resolution Fund, opening the way for the functioning of the fund from 1 January 2016.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – Fair tax competition at the heart of the third round table

    Under the Luxembourg Presidency of the Council of the European Union, the Chamber of Deputies held an Interparliamentary Conference on Stability, Economic Coordination and Governance in the European Union on 9 and 10 November 2015 in Luxembourg. The third round table was devoted to fair tax competition within the European Union (UE), one year after the revelations of the LuxLeaks affair and as ministers agreed on the automatic exchange of tax rulings during the ECOFIN Council of 6 October 2015. According to Alain Lamassoure, Chairman of European Parliament's Special Committee on Tax Rulings and a participant in the conference, the golden rule is to tax profits where the activity is carried out.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – The Social Dimension of Economic Governance at the heart of the first panel

    Under the Luxembourg Presidency of the European Union, on 9 and 10 November 2015, in Luxembourg, the Chamber of Deputies organised an Interparliamentary Conference on Stability, Economic Corodination and Governance in the European Union, the organisation of which is provided for in Article 13 of the Treaty on Stability, Coordination and Governance (TSCG). The first discussion panel, devoted to the social dimension of economic governance, brought together the Minister for Labour, Employment and the Social and Solidarity Economy, Nicolas Schmit, the Director of the European Social Observatory, Bart Vanhercke, and the Sociologist, Louis Chauvel, Professor at the University of Luxembourg.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – Debate on parliamentary scrutiny and the democratic deficit during the second panel

    Under the Luxembourg Presidency of the Council of the European Union, the Chamber of Deputies held an Interparliamentary Conference on Stability, Economic Coordination and Governance within the European Union in Luxembourg on 9 and 10 November 2015. The second panel focused on parliamentary scrutiny of European economic governance. In his opening speech, Alex Bodry, Vice-President of the Committee on Finance and Budget at the Luxembourg Chamber of Deputies, referred to a 'genuine democratic deficit'. Although economic governance has been boosted in response to the crisis, the new intergovernmental structure set up as a matter of urgency 'reduces flexibility' of national parliaments in terms of budget, he stated.

    • Other meeting · News articles
    • Competitiveness, Economic and Financial Affairs
    Forum on SMEs and Skilled Crafts in Europe – The need for harmonisation of European regulations at the centre of the debates on eco-innovation issues and digital transformation for SMEs

    On 29 October 2015, a Forum for exchanging ideas and best practices on SMEs and craft businesses was organised in the Chamber of Trade under the heading 'SME and Skilled Crafts in Europe' in the frame of the Luxembourg Presidency. The objective was to present the challenges and opportunities that SMEs face in terms of eco-innovation and digital transformation. During her presentation of the priorities of the Luxembourg Presidency, the Secretary of State for the Economy, Francine Closener, insisted on the need to reduce border crossing costs and to establish common regulations.

    • Ministers in the European Parliament · News articles
    • Economic and Financial Affairs
    Pierre Gramegna takes note of the differing positions of the European Parliament and the Council of the European Union following the adoption of the amendments to the draft EU budget for 2016 by MEPs

    On 28 October 2015, the MEPs meeting in plenary session adopted several amendments to the position of the Council of the EU for the draft EU budget for 2016. "I have taken note of the differences between the budget as decided by the Council and the amendments passed by the European Parliament", declared Pierre Gramegna, Minister of Finances and President of the Ecofin Council, following the vote by MEPs. "I agree to the convening of the Conciliation Committee by the President of the European Parliament", added the Minister.

    • Ministers in the European Parliament · News articles
    • Economic and Financial Affairs
    Pierre Gramegna participated on behalf of the Council in the debate at the European Parliament on the draft 2016 EU budget

    The Luxembourg Minister of Finance and President of the Ecofin Council, Pierre Gramegna, attended the plenary session of the European Parliament in Strasbourg on 27 October 2015, in order to participate, on behalf of the Council, in the debate on the amendments which the Parliament is preparing to vote on the Council’s position on the European Union’s (EU) 2016 draft budget. This position, which provides for €153.27 billion in funding commitments and €142.12 billion in payment allocations was presented by Pierre Gramegna to the European Parliament on 8 September 2015. In its draft resolution presented on 16 October 2015, the Parliament intends to increase funding commitments by more than €4.15 billion and payment allocations by almost €4.34 billion. An approach which Pierre Gramegna deems to be “maximalist and ambitious in the extreme”.

    • Other meeting · News articles
    • Economic and Financial Affairs, Foreign Affairs
    15th FEMIP Conference – Jean Asselborn and Nicolas Schmit highlight the cooperation with Mediterranean countries as a way to respond to the challenges of the refugee crisis

    On 26 October 2015, Nicolas Schmit, Minister for Labour, Employment and the Social and Solidarity Economy, and Jean Asselborn, Minister for Foreign and European Affairs, Minister for Immigration and Asylum, participated in the 15th "Facility for Euro-Mediterranean Investment and Partnership" (FEMIP) Conference organised in Luxembourg by the European Investment Bank (EIB). In his opening speech, Nicolas Schmit highlighted the importance of "inclusive growth" to "gain the confidence" of EU citizens and "neighbours to the South". On closing the conference, Jean Asselborn, highlighted that the FEMIP, "a key reference of the economic and financial Euro-Mediterranean partnership", was the expression of the EU's long-term cooperation policy with the countries of the Mediterranean and a "key player" in the area.

    • Other meeting · News articles
    • Employment, Social Policy, Health and Consumer Affairs, Economic and Financial Affairs
    How to build a caring Europe – Nicolas Schmit warned, at a conference, of the risk that Europe may no longer be seen as a caring project

    On 22 October 2015, Nicolas Schmit, the Luxembourg Minister for Labour, Employment and the Social and Solidarity Economy, took part in the conference on the state of Europe organised by Friends of Europe, under the patronage of the Luxembourg Presidency of the Council. Discussions were held on 'Europe's crises' and 'policy crossroads' by 150 top-level participants – European commissioners, members of the European Parliament and of national parliaments, ministers, opinion formers, members of civil society and business leaders. Nicolas Schmit took part in a round table entitled 'Quality Europe - Building a caring Europe'.

    • Council Meeting · News articles
    • Economic and Financial Affairs
    ECOFIN Council – Ministers agree on the automatic exchange of tax rulings

    European Union (EU) Ministers for Economy and Finance met in Luxembourg on 6 October 2015 for an ECOFIN Council chaired by the Luxembourg Minister for Finance Pierre Gramegna. The Ministers expressed their political agreement on a proposed Directive on the automatic exchange of information (AEI) on tax rulings, they debated the subject of the financial impact of the refugee crisis and exchanged views about the action plan which aims to create a Capital Markets Union.

  • Updated 15-07-2015