News

101 Results Show : most relevant | most recent
    • · Press releases
    • Transport, Telecommmunications and Energy

    On 18 December 2015, the Permanent Representatives Committee (Coreper) endorsed an informal deal struck with the European Parliament on the first rules to strengthen the security of network and information systems across the EU. The network and information security (NIS) directive will increase cooperation between member states and lay down security obligations for operators of essential services and digital service providers.

    • 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.

    • Council Meeting · News articles
    • Transport, Telecommmunications and Energy
    TTE Telecommunications Council – EU regulations on telecommunications, network and information security and web accessibility at the heart of the discussions

    European Ministers for Telecommunications met in Brussels on 11 December 2015 to discuss telecommunications at the Transport, Telecommunications and Energy Council (TTE). The Council, chaired by Xavier Bettel, Luxembourg Prime Minister and Minister for Communications and Media, focused on the EU review of telecommunications, network and information security and web accessibility. The European Commissioner for Digital Economy and Society, Günther Oettinger, also informed the Ministers about ongoing negotiations relating to the telecommunications / Information Society in the framework of the Transatlantic Trade and Investment Partnership (TTIP).

    • Council Meeting · Press releases
    • Transport, Telecommmunications and Energy

    On 10 December 2015, the Council adopted its position at first reading on directives on railway safety and interoperability, and a regulation on the European Railway Agency (ERA). Together, these legislative acts make up the technical pillar of the fourth railway package. To conclude the procedure, they still need to be formally approved by the European Parliament at second reading.

    • Council Meeting · Press releases
    • Transport, Telecommmunications and Energy

    On 10 December, François Bausch, the Minister for Sustainable Development and Infrastructure, will chair the 'Transport' Council in Brussels. The Council will hold a policy debate on social aspects of road transport. The Luxembourg Presidency want to canvass the point of view of Member States on current legislation and on the best means of ensuring that it is interpreted harmoniously and applied across the board. The Commission intends to present new initiatives in 2016. During their working lunch, the ministers will discuss the issue of road safety. In the afternoon, the Council should adopt its position at the first reading on the three pieces of legislation that form the technical pillar of the fourth railway package. Furthermore, the Commission will present the air transport package called 'An Air Strategy for Europe' and report on the latest state-of-play for work concerning transport safety.

    • 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
    • Transport, Telecommmunications and Energy
    TTE Transport Council – Ministers discussed social aspects of road transport

    European Union (EU) Ministers for Transport met in Brussels on 10 December 2015 to discuss the Transport section of the Transport, Telecommunications and Energy Council (TTE). The Council was chaired by François Bausch, the Luxembourg Minister for Sustainable Development and Infrastructure. Ministers for Transport held a policy debate on the social aspects of road transport. During a working lunch, Ministers addressed issues related to road safety. The Council adopted at first reading its position on the three legislative acts that make up the technical pillar of the fourth railway package.

    • · Press releases
    • Economic and Financial Affairs
    Manipulation of market benchmarks - Council confirms agreement with European Parliament on tougher rules

    On 9 December 2015, the Permanent Representatives Committee approved, on behalf of the Council, a compromise agreed with the European Parliament on new rules aimed at ensuring greater accuracy and integrity of benchmarks in financial instruments. "The adoption of this regulation will help restore trust in the integrity of benchmarks and enhance their robustness and reliability, thereby strengthening confidence in the financial markets and preventing new manipulation scandals," said Pierre Gramegna, minister for finance of Luxembourg and president of the Council. The agreement with the Parliament was reached during a trilogue meeting in Strasbourg on 24 November 2015.

    • Council Meeting · Press releases
    • Economic and Financial Affairs
    EU-San Marino taxation agreement signed in joint effort to improve tax compliance

    On 8 December 2015, the European Union and San Marino signed an agreement aimed at improving tax compliance by private savers. The agreement will contribute to efforts to clamp down on tax evasion, by requiring the EU member states and San Marino to exchange information automatically. This will allow their tax administrations improved cross-border access to information on the financial accounts of each other's residents. "The sharing of information between national tax authorities remains one of the fundamental elements of an effective fight against tax fraud and tax evasion", said Pierre Gramegna, Minister for Finance of Luxembourg and president of the Council. "The EU is undoubtedly a leader in this field."

    • 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.

    • Council Meeting · Press releases
    • Economic and Financial Affairs

    On 8 December 2015, the Council approved the conclusion of agreements with Liechtenstein and Switzerland aimed at improving tax compliance by private savers. The two agreements will contribute to efforts to clamp down on tax evasion, by requiring the EU member states and the two countries to exchange information automatically. This will allow their tax administrations improved cross-border access to information on the financial accounts of each other's residents.

    • Council Meeting · Press releases
    • Economic and Financial Affairs
    Cross-border tax rulings - Transparency rules adopted

    On 8 December 2015, the Council adopted a directive aimed at improving transparency on tax rulings given by member states to companies in specific cases about how taxation will be dealt with. The directive is one of a number of initiatives aimed at preventing corporate tax avoidance. The new rules will be applied from 1 January 2017. In the meantime, existing obligations for member states to exchange information will stay in place.

    • Other meeting · Press releases
    • Transport, Telecommmunications and Energy
    First EU-wide rules to improve cybersecurity: deal with the European Parliament

    On 7 December 2015, the Luxembourg presidency of the Council reached an informal agreement with the European Parliament on common rules to strengthen network and information security (NIS) across the EU. Xavier Bettel, Luxembourg's Prime Minister and Minister for Communications and the Media, and President of the Council, said: "This is an important step towards a more coordinated approach in cybersecurity across Europe. All actors, public and private, will have to step up their efforts, in particular by increased cooperation between member states and enhanced security requirements for infrastructure operators and digital services".

    • Council Meeting · Press releases
    • Economic and Financial Affairs

    In a statement adopted on 8 December 2015, ECOFIN Ministers reaffirm the importance of deepening the Banking Union in the context of a well-functioning Economic and Monetary Union. Following the successful establishment of the Single Supervisory Mechanism (SSM), they welcome the forthcoming entry into force of the intergovernmental agreement on the transfer and mutualisation of contributions to the SRF (IGA), which will allow the Single Resolution Fund (SRF) to be fully operational on 1 January 2016.

    • · Press releases
    • Economic and Financial Affairs
    Council reaches agreement on Securitisation package, first building block of the Capital Markets Union

    On 2 December 2015, after two months of intensive and constructive negotiations under Luxembourg Presidency, Member States agreed on the Securitisation package at the meeting of the Committee of Permanent Representatives. “These proposals aim to relaunch the securitisation market, by promoting simple, transparent and standardised securitisations. The objective is to contribute to the financing of the economy and hence to the creation of jobs and growth”, said Pierre Gramegna, Minister of Finance of Luxembourg and President of the ECOFIN Council.

  • Updated 15-07-2015