On 3 May 2023, the European Commission presented a proposal for a directive of the European Parliament and of the Council on combating corruption, replacing Council Framework Decision 2023/568/JHA and the Convention on the Fight Against Corruption Involving Officials of the European Communities or Officials of Member States of the European Union and amending Directive […]
Empowering Data Protection: European Commission proposes comprehensive reforms to GDPR enforcement In a significant move aimed at strengthening data protection measures, the European Commission has proposed a comprehensive proposal for a new regulation laying down additional procedural rules relating to the enforcement of Regulation (EU) 2016/679 (Proposal). This initiative follows the European Data Protection Board’s […]
Green bonds for implementing sustainable projects Green bonds are essential for sustainable financing, and Europe is ahead of many other regions in the world in green bond issuance. At the moment, it accounts for roughly half of the global volume. In recent years, the volume of green bonds issued in Europe has fluctuated around half […]
A large proportion of European Union (EU) countries apply a low rate of value-added tax (VAT) to food, Latvian Television reported its study results November 30. It turns out Latvia has among the highest VAT rates on food in the EU. Value-added tax in Latvia brings about 30% of the budget revenue, so it is […]
The Carbon Border Adjustment Mechanism (CBAM) is a new EU instrument aimed at reducing carbon leakage and leveling the playing field related to carbon emissions in the production of relevant goods in the EU and third countries. To whom do these requirements apply? Individuals or legal entities that import the goods listed in the annex […]
