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Ministers discussed the recommendations of a high-level group of experts on sustainable finance. The Council also adopted guidelines for the 2019 EU budget, stressing that a transparent and effective use of the budget will bolster the EU's credibility with its citizens.
Ahead of the Informal Leaders' meeting on 23 February 2018, the European Commission is today setting out various options – and their financial consequences – for a new and modern, long-term EU budget that delivers efficiently on its priorities after 2020.
Growth rates for the euro area and the EU beat expectations last year as the transition from economic recovery to expansion continues. The euro area and EU economies are both estimated to have grown by 2.4% in 2017, the fastest pace in a decade.
Online buyers will have wider and easier cross-border access to products, hotel bookings, car rentals, music festivals or leisure park tickets in the EU.
The Blockchain Observatory and Forum will highlight key developments of the blockchain technology, promote European actors and reinforce European engagement with multiple stakeholders involved in blockchain activities.
The Council removed 8 jurisdictions from the EU's list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns.
The European Commission has welcomed the headway made in tackling non-performing loans (NPLs) in the EU as part of ongoing work at the national and EU level to reduce remaining risks in parts of the European banking sector.
The first-ever Europe-wide strategy on plastics, adopted today, is a part of the transition towards a more circular economy. It will protect the environment from plastic pollution whilst fostering growth and innovation, turning a challenge into a positive agenda for the Future of Europe.
With a Roadmap for action and several concrete measures, the European Commission is delivering today on the commitment made by President Jean-Claude Juncker in his 2017 State of the Union address and the Five Presidents' Report of 2015 to deepen Europe's Economic and Monetary Union.
The Council approved and published an EU list of non-cooperative jurisdictions in taxation matters, aimed promoting good governance worldwide. The Council also agreed on EU input to discussions at international level on 'digital taxation'.
The European Commission has unveiled new tools to make the EU's Value Added Tax (VAT) system more fraud-proof and close loopholes which can lead to large-scale VAT fraud.
The Commission has adopted rules that will make electronic payments in shops and online safer. This will also allow consumers to access more convenient, cost-effective and innovative solutions offered by payment providers.
Commission sets out EU's economic and social priorities for the year ahead, gives policy recommendation for the euro area and completes the assessment of euro area Member States' Draft Budgetary Plans.
The Council and the European Parliament reached agreement on an EU budget for 2018 that strongly reflects the EU's main policy priorities.
The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. This is substantially higher than expected in spring (1.7%). The EU economy as a whole is also set to beat expectations with robust growth of 2.3% this year (up from 1.9% in spring).
Ministers discussed improved VAT rules to help facilitate electronic commerce and online businesses. They also discussed proposals aimed at strengthening financial supervision and encouraging capital market integration in Europe.