Open and competitive digital market in Europe: urgent necessity

Visits: 0During last four years the EU’s institutions, mainly the Commission, have been elaborating effective measures to manage the digital challenge in the member states. Two vital legislative acts have been adopted and enforced recently involving both the digital market and the services:  a) concerning the EU-wide digital services’ facilities, and b) optimizing the functioning […]

Transatlantic economy: growing connections between Europe, the US and the world

Visits: 6Three main “actors” in world economy- the US, China and the EU- account for about three-fourths of the global GDP. However, two economies in trans-Atlantic relations, i.e. the US and EU have already become strong drivers in progressive global growth. The transatlantic economic ties provide, e.g. for 16 million jobs on both sides in […]

Market exchange rates: “real” and hidden payments

Visits: 3Hidden fees in international payments have been always a common place. However, in the EU they have been banned legally since 2020 for cross-border payments among the member states. But, it is still a serious problem in trade outside the EU-27 that cost people and businesses in the EU about €30 billion in 2023 […]

Risk aversion in business: getting through modern challenges

Visits: 10Modern challenges have greatly altered traditional approaches to managing risks; besides, the concept of risk aversion in entrepreneurship has been transformed as well by the digitalization and the new ICTs. Conference at Latvian Turiba University this March is devoted to analysis of some vital issues concerning risks in contemporary socio-economic development and business.  

Digital facilities in education: assisting SDG’s implementation

Visits: 3The education providers around the world are experimenting with learning and teaching the newly needed skills and “going out” of conventional classrooms by providing virtual-learning possibilities and technologies.. The problem is actually doubled: it is about global challenges and reforming national education policy to make the process of acquiring new skills more efficient. In […]

New EU-wide consumer protection rules are expected

Visits: 34Consumer protection is within a shared competence among the EU institutions (mainly, the Commission) and the member states’ authorities. The member states, generally, are responsible for enforcing consumer rights, with the EU having some coordinating and supporting functions. Therefore among the rules in place are mostly directives, e.g. regulating “common” better enforcement and modernisation […]

European market: efforts to adapt to new realities

Visits: 13The European “social market economy” concept is being subject to significant alterations under modern global challenges during last decade, in particular the through the increased digitalisation, new ways of producing and offering goods and services, as well as through the interconnected nature of commercial exchanges. Market definition provides guidance on the principles of the […]

European digital market: sustaining competition

Visits: 9European digital transition has an important social component: i.e. it should work for all, putting people first and opening new opportunities for business. Digital solutions are also vital in combating climate change and achieving the green transition. However, competition in virtual worlds, generative artificial intelligence, GenAI and other large and small digital “players” is […]

European data governance through regulations and management

Visits: 45In mid-December 2023, the EU institutions have reached an agreement on the EU-wide rules governing the use of artificial intelligence (AI), as well as regulations some issues concerning digital platforms’ use in government service, in bio-metric and medical surveillance, etc. Managing other AI’s applications, such as ChatGPT and “big data” platforms are subject to […]

Online platforms in the EU: Digital Service Act in action

Visits: 43The Digital Services Act, DSA determines very large platforms EU-wide with more than 45 million users; they have to meet special legal obligations. The EU digital law has already designated about 20 very large online platforms and search engines: the process will continue to meet customers’ intentions and make sure the necessary compliance with […]