Other news - December 2011
Commissioner Michel Barnier welcomes agreement by Council and Parliament establishing SEPA migration end-dates
"Today's agreement by the European Parliament and the Council represents a significant step towards a truly integrated market for electronic retail payments in euro". Statement by Commissioner Barnier.
The efficiency of public tendering has become a priority for all Member States, in view of the current budgetary constraints. The revision of the public procurement Directives announced by the Commission today is part of an overall programme to thoroughly modernise public tendering in the European Union. This programme also includes a Directive on concessions, which until now have been only partially regulated at European level.
The European Commission has adopted a proposal for modernising the Professional Qualifications Directive which will make it easier for professionals to find skilled jobs across Europe. In particular, the introduction of a European professional card will offer to interested professionals the possibility to benefit from easier and quicker recognition of their qualifications.
Successful conclusion of the WTO's government procurement negotiation: EU succeeds in gaining more market access
The World Trade Organisation's negotiations on government procurement concluded successfully after the Parties reached an agreement on an updated set of tender rules and additional market access commitments. Commissioner Barnier said: "Today, we have agreed on a significant opening of public procurement markets. Despite the temptations of protectionism during these times of global crisis, we have broken down barriers, not increased them. This will lead to more trade and benefit all economies, including Europe's".
From next year, it will be possible for Member States to radically simplify the way in which micro-entities prepare their accounts. This is the result of yesterday's vote at the European Parliament, which has approved measures to considerably simplify life for more than 5 million of the very smallest companies in Europe.
The European Commission welcomes the appointment of Michel Prada as Chairman of the IFRS Foundation Trustees
The Trustees of the IFRS (International Financial Reporting Standards) Foundation announced today the appointment of Michel Prada as new Chairman of the Trustees. Michel Prada is the former Chairman of the Autorité des Marchés Financiers (AMF), the French markets and securities regulator.
The European Banking Authority (EBA) has published a formal Recommendation, and the final figures, related to banks’ recapitalisation needs. These measures form part of a broader European package to address the current situation in the EU by restoring stability and confidence in the markets.
The European Commission has presented a proposal to stimulate funding for social businesses and a proposal on venture capital, which will make easier for start-ups to raise funds across Europe. The Commission has also presented an action plan to ease access to credit for Europe's 23 million SMEs, which includes increasing financial support from the EU budget and the European Investment Bank.
Today in Europe social businesses employ more than 11 million people, 6% of all workers. What are their aims and needs? What obstacles do these companies face? Nobel Peace Prize winner Muhammad Yunus and other social entrepreneurs answer these questions and talk about the initiative which was recently launched by the Commission to promote social entrepreneurship in Europe.