This article is brought to you in association with the European Commission. The European Commission has approved two Luxembourgish schemes with a total budget of €520 million to help manufacturing companies to decarbonise their production processes and to support investments in strategic sectors to foster the transition to a net-zero economy. The schemes were approved under […]Commission approves €520 million Luxembourgish State aid schemes to foster the transition to a net-zero economy
October 14, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved two Luxembourgish schemes with a total budget of €520 million to help manufacturing companies to decarbonise their production processes and to support investments in strategic sectors to foster the transition to a net-zero economy. The schemes were approved under […]Luxembourg-EIB Climate Finance Platform supports BlueOrchard’s climate insurance equity fund with the backing of the government of Luxembourg
July 15, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The Luxembourg-EIB Climate Finance Platform (LCFP) will provide EUR 5 million for impact investor BlueOrchard’s innovative USD 100 million climate insurance fund, with the backing of the government of Luxembourg. The LCFP seeks to catalyse private and public sector investment into high-impact companies in emerging markets […]SAE Media Group 20th Annual Benelux Infrastructure Forum 16 – 17 November 2022
November 13, 2022 by 1 Comment
This article was published in association with SMI. Website: http://www.beneluxconf.com/EuropeanStingWL SAE Media Group proudly present the 20th Annual Benelux Infrastructure Forum, once again taking place in-person and in Amsterdam. The 2022 iteration will bring together key professionals in the infrastructure, financing, and innovation sectors to discuss the latest issues and trends within the Benelux market. […]Questions and answers: European Commission endorses Luxembourg’s €93 million recovery and resilience plan
June 18, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. How did the Commission assess Luxembourg’s recovery and resilience plan? The Regulation ensures a transparent assessment on the basis of 11 criteria against the back of the six pillars of the Regulation. The 11 criteria require an assessment of whether: the measures have a […]Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity
July 11, 2019 by 1 Comment
This article is brought to you in association with OECD. Luxembourg’s economy has grown at a robust pace and has enviable levels of well-being, but public policy can do more to make growth sustainable and inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Luxembourg discusses the challenges of making housing more […]These countries have the highest minimum wages
December 21, 2018 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer Where should workers move to in order to earn the best minimum wage? The answer is Australia or Luxembourg, according to data from Germany’s Wirtschafts-und Sozialwissenschaftliches Institut (WSI), which compared pay in different countries on a […]Commission hardens its stance against carmakers ensuring emissions reductions targets
August 8, 2018 by 1 Comment
The car industry will be under tighter surveillance by the European Commission after 2020 when the next phase of the EU’s emission regulation will take place. All car manufacturers who do not meet the 2021 fleet CO2 emissions compliance for new passenger vehicles sold in the Old Continent will face fines of more than €14 […]Minority governments ‘à la mode’ in Europe but can they last long?
January 4, 2018 by Leave a Comment
With the Italian elections set for 4 March and anticipated to produce a hang parliament, four out of the five bigger European countries will be in political limbo for a good part, if not for the entire new year 2018. France is the only exception in this Euro-plague of political uncertainty. In some cases the […]A neo-liberal toll free Paradise for the super rich and tax hell for wage earners
November 9, 2017 by 2 Comments
Despite the hullaballoo in main stream media about Queen Elizabeth’s investments in tax-havens and the implication of the US Trade Secretary Wilbur Ross in a Russia related offshore firm, the shocking revelation in the Paradise Papers is that London appears as the largest money washing machine of the world. The biggest single disclosure is that […]The 28 EU leaders unable to start a relevant debate on migration and Brexit
December 21, 2015 by Leave a Comment
The poor results of last week’s meeting of the 28 EU leaders are reflected in the triviality of the remarks by the Council President Donald Tusk, in summarizing the outcome of the 17 – 18 December gathering in Brussels. His most vivid comment was about the “hard work done and the extreme efficiency of the […]Starbucks and FIAT again under Commission’s microscope: is Europe ready to kick multinationals out of the house?
October 21, 2015 by Leave a Comment
Some multinationals (MNEs) such as FIAT and Starbucks have been overdoing it in the EU for quite some time now. The case of tax investigation of the aforementioned companies on whether they have paid the correct amount of corporate income tax or not is ongoing for over a year now. The Commissioner responsible for Competition, Mrs […]The EU Parliament blasts the Council about the tax dealings of the wealthy
October 15, 2015 by Leave a Comment
The European Parliament once more honored its role as the authentic exponent of the will of the European citizens. Last Tuesday it dismissed as a “missed opportunity” the EU Council’s decision to water down the mandatory exchange of the ‘tax rulings’ between member states. A ‘tax ruling’ is a special taxation arrangement accorded to a […]The EU to fight cross-border tax evasion with a toothless directive
October 8, 2015 by Leave a Comment
On Tuesday 6 October the powerful Economic and Financial Affairs Council of the European Union, the well know ECOFIN group, took a decision advertised to be monumental. For the first time ever the 28 EU countries agreed to shed some light on the ‘tax rulings’, as well as at the ‘advance pricing arrangements’. These are […]EU Youth Conference concludes in Luxembourg with concrete plans on how to create real youth participation
September 24, 2015 by Leave a Comment
Over 200 young people and policy makers from across Europe have this week agreed on a set of joint recommendations and on how to implement these in order to empower young people to participate politically. The EU Youth Conference (which took place in Luxembourg City from 21st to 24th September) on “empowering young people for political participation […]Who is to lose from the 6-month extension of the EU economic sanctions against Russia?
June 24, 2015 by Leave a Comment
The European Foreign Ministers gathered in Luxembourg two days ago and decided to continue imposing economic sanctions to Russia for another six months. This shows the strong intention of Europe to weaken Russia’s power in Ukraine and thus put a stop on Russia’s imperialistic plans. However, Russia claims these sanctions as “illegal and unfounded” and will fight […]Why do thousands of migrants need to be drowned for Brussels to wake up?
April 22, 2015 by
The European Union is once more hit by migration. Last Sunday, around 800 illegal immigrants are believed to have died when their ship sank on the way from the Libyan coast to the Italian Island of Lampedusa. As a result, the EU foreign and interior ministers gathered in Luxembourg earlier this week to discuss about the migration crisis […]Benjamin Franklin was wrong: Amazon can tax evade
October 10, 2014 by 1 Comment
“In this world nothing can be said to be certain, except death and taxes”, Benjamin Franklin said back in the 18th century. Three hundred years later in principle it maintains validity, when it comes to the former. Of course for most developed societies tax is a de facto obligation of the citizen. Most of us we […]European Commission: Does Apple, Starbucks and Fiat really pay their taxes?
June 13, 2014 by Leave a Comment
The European Commission (EC) decided two days ago to conduct an investigation which will focus on the tax affairs of Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. Basically, EC’s purpose is to examine if the tax authorities of the aforementioned countries are in line with the rules of […]The European Parliament wants to stay in one place
October 15, 2013 by Leave a Comment
At last – it was high time that the European Parliament took the responsibility to determine its own agenda and of course to decide where it sits! For decades now legislators travel incessantly to and from between Brussels, Strasbourg and Luxembourg, running after timetables and squandering taxpayers’ money in travel expenses and hotel bookings. Thank […]Berlin cannot convince markets it doesn’t love confiscating deposits
March 28, 2013 by 1 Comment
Cyprus Popular Bank Pcl’s uninsured depositors, with account balances above the €100,000 benchmark, will suffer an almost total loss of their money. The haircut agreed between the Cypriot government and the Eurogroup may reach 80%, while the rest 20% will be returned after the liquidation of CPB’s assets, a procedure that may take years and […]
