Friday

29th Mar 2024

Ticker

Commission proposes VAT overhaul

The European Commission proposed on Thursday changing VAT rules in the EU, to allow member states to decide reduced rates on some products without needing an unanimous agreement with other member states. It also proposed simplifying the rules for small and medium enterprises (SMEs) in order to reduce the costs of VAT for them. One of the commission's goals is to fight VAT fraud.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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