First European PPP financing in the Baltics: improving transport facilities

The European Investment Bank, EIB decided to finance the design, construction and maintenance of a bypass of the 17.5 km to the stretch of the E67/A7 motorway that currently passes through the municipality of Kekava. The project also includes four major grade-separated interchanges and sections with lanes for local traffic; all the works are within […]

Product safety in the EU: consumer’s protection shall be extended

Protection of the EU’s consumers is going to be more efficient by updating and modernizing existing rules in line with the modern digital challenges. The direction of changes would fit into the consumers’ increased expectations for goods and services’ quality with the corresponding changes in the national economies. With the support of the EU institutions, […]

Corporate taxation: European and global challenges

It has been generally acknowledged that both the sources of international tax system during the last century and some basic concepts of tax residence have been outdated. Business practices are now regularly carried out in “favourable” states without being physically present; the digital transition in economies has also led to new opportunities in manipulating traditional […]

Baltic electro-energy issues: good for business and communities

As the so-called EU’s “energy island”, the Eastern-Baltic region consists of three EU member states; it is now being connected to other EU states through recently established electricity lines in Poland (LitPol Link), Sweden (NordBalt) and Finland (Estlink 1 and Estlink 2), all built with the EU support. For historical reasons, the Baltic States’ electricity […]

European climate-neutral industry: new requirements for the member states’ governance

In the recently announced targets for reaching carbon neutrality by the mid-century, most developed countries (representing about 80 percent of the global economy), revealed a comprehensive set of new political economy’s instruments, often called “green industrial strategy”, to trigger the necessary mechanisms within both the zero-carbon energy sources and production across all development sectors. Embarking […]

The EU’s vision for a modernized political economy: Porto Declaration-2021

European unity and solidarity is at the heart of a EU’s regional distinctive “social market economy’s” model with a social cohesion and a drive for prosperity. Accelerated transition in green and digital growth, supported by a massive European investment and associated reforms, will firmly put the member states on the path towards a fair, sustainable […]

Carbon border adjustment mechanism: assisting European business

In the Commission’s communication to the member states concerning the “European Green Deal” (December 2019), in which among numerous aspects in reaching the “deal”, the carbon border adjustment mechanism, CBAM for selected economic-industrial sectors has been revealed. The EU has increased efforts to make a climate-neutral continent by 2050, which could however be undermined by […]

European economic recovery: attention to financial issues

European Commission, together with other Union’s institutions, monitor correct and prevent problematic socio-economic trends in the member states’ development. This task becomes even more important in the process of states’ recovery and resilience plans in the post-pandemic period with important financial aspects involved. The EU-27 are anxious to receive the pre-financing as fast as possible; […]

European industrial policy: effects for the member states

In March 2020, the EU launched a European industrial strategy, a continental national economies’ transitional plan towards green and digital perspectives in development. After a year of deliberation, the Commission proposed a regulation which reflects to main efforts: a) a continued openness to trade and investment as a source of national strength in growth and […]

EU’s recovery fund to assist the member states: implementing problems

The EU states are expecting first payments this summer to start post-pandemic investments; it was about a year after the EU-28 leaders agreed on issuing €750 billion in joint debt to reboot their pandemic-ravaged economies. Beyond the urgency for the states to get the EU funding, the success of the national recovery and resilience process […]