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Setting up a company in the EU could become easier and cheaper

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EU co-legislators agreed on Monday on new rules to facilitate establishing a business electronically and promote online operations throughout a company’s lifecycle.

The new rules aim to save businesses time and money, while increasing safeguards against fraud and abusive behaviour through online identity checks.

They provide:

  • improved online procedures, from setting up companies to registering their branches and filing documents;
  • user-friendly information is provided on registration portals, free of charge and in a language broadly understood by a majority of cross-border users;
  • “once-only principle”, meaning a company needs to submit information only once during its lifecycle;
  • transparent rules on fees, applied in a non-discriminatory manner, without exceeding the costs of providing such services.

Negotiators agreed that while all steps to set up a business can be completed online, it is also possible to request face-to-face interaction on a case-by-case basis. They also insisted on including the possibility to verify if persons applying for director positions are currently disqualified from such a position in another member state.

The rapporteur Tadeusz Zwiefka (EPP, PL) said: “Both institutions stayed committed to the common goal – to give European entrepreneurs a modern, safe and transparent environment to operate. However, we need to remember that this is just a first step. It is high time European entrepreneurs benefited from new technologies, especially in their cross-border activities. We must continue to cut red tape for SMEs and dismantle the obstacles that European businesses face in the common market”.

Next steps

The provisional agreement still needs to be confirmed by member states’ ambassadors (Coreper) and by the Legal Affairs Committee. The directive will then need to receive a green light from the full House and the Council of the EU.

Background information

According to the figures provided by the European Commission, currently only 17 member states provide the full set of online registration procedures for businesses, while e-governance services and access to information is patchy across the EU.

There are around 24 million companies in the EU, out of which approximately 80% are limited liability companies. Around 98-99% of limited liability companies are SMEs. The European Commission points out that online registration takes on average half the time and can be up to three times cheaper than traditional paper-based formats. The new rules on digital registration will generate savings of between €42 and €84 million per year.

In its 2017 resolution on EU e-Government action plan, Parliament called on the Commission to consider further ways to promote digital solutions for formalities throughout a company’s lifecycle and underlined the importance of interconnecting business registers. Last April, the Commission proposed to revise and update Company Law rules and introduced a package of proposals on digital tools and processes in company law and on cross-border conversions, mergers and divisions.

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EU Politics

Presidents of Parliament to gather for Athens Summit

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Presidents of Parliament from the 47 Council of Europe member states, as well as many neighbouring and observer countries and other partner parliamentary assemblies, will meet on 21 and 22 October 2021 in Athens, on the occasion of a conference organised by the Hellenic Parliament and the Parliamentary Assembly of the Council of Europe (PACE).

The Conference will be opened by the President of the Hellenic Parliament Constantine An. Tassoulas, PACE President Rik Daems, and the Secretary General of the Council of Europe Marija Pejčinović Burić.

Some 60 Presidents and Speakers, together with 300 other delegates, are expected at the biennial summit to discuss three major topical issues:

  • Democracies facing the Covid-19 public health crisis: sharing experiences
    Key-note speeches by the President of the Romanian Senate Anca Dana Dragu; the Speaker of the Russian Federation Council Valentina Matviyenko; and the President of Austria’s National Council Wolfgang Sobotka.
  • #EnvironmentRightNow’: national parliaments and the right to a healthy and sustainable environment
    Key-note speeches by the Speaker of the Parliament of Georgia Kakha Kuchava; the Speaker of the Parliament of Finland Anu Vehviläinen, and a member of the Council of Europe Advisory Council on Youth, Spyros Papadatos.
  • The common future of all European citizens
    Key-note speeches by the President of the Belgian Senate Stephanie D’Hose; the President of the Cypriot House of Representatives, Anita Demetriou; and the President of the Slovenian National Assembly, Igor Zorčič.

Secretaries General of the participating parliaments and assemblies are also due to meet on the margin of the conference.

The first conference was held in 1975. It takes place every two years, hosted alternately in Strasbourg or in the capital of a Council of Europe member state. At the invitation of the Hellenic Parliament, it is held this year in Athens, when the country celebrates the bicentennial of its independence.

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EU Politics

Lorenzo Natali Media prize 2021: Winners announced

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The European Commission announced the three winners of the 2021 ‘Lorenzo Natali’ Media prize: Pari Saikia, for her work on the plight of the Rohingya, Maria Altimira, for her work on the labour exploitation of migrants and Srishti Jaswal for bringing to light the hunger situation in India. For nearly three decades, the prize has recognised courageous journalism and focused on compelling, compassionate reporting that brings to light stories that matter on the global challenges impacting society.

Commissioner for International Partnerships, Jutta Urpilainen, presented the prizes to the winners at today’s award ceremony: “This award of this year’s Lorenzo Natali Media prize, recognizes three exceptional journalists, whose work exemplifies the courage, integrity and dedication to global equity. As development journalists you help bring about change – whether it is tackling inequalities, protecting universal human rights, or responding to the existential threat of climate change.”

The 2021 prizewinners, selected by a grand jury from among more than 1,100 applications from across the world, are:

Grand prize

Pari Saikia of Vice Media India, for:

“Rohingya Brides Thought They Were Fleeing Violence. Then They Met Their Grooms”

Pari Saikia’s story on the exploitation of Rohingya refugee women exposes the drivers and the methods used in trafficking women in the region.

Europe prize

Maria Altimira writing in Diario Ara, for:

“Abusos en los campos de fresas”

In this piece, Maria Altimira shines a light on the labour and sexual abuse suffered by farm workers, and attempts to hold oversight agencies accountable for abuses happening on their watch.

Best Emerging Journalist prize

Srishti Jaswal, writing in Stories Asia, for:

“The Global Hunger Index Reveals India’s Ignored Hunger Crisis”

Srishti Jaswal’s investigation reveals India’s hidden hunger crisis and the under-reporting of deaths due to starvation.

The winners were chosen by a Grand Jury of experts in the fields of journalism and development:

  • Diana Moukalled (Daraj.com)
  • Sulemana Braimah (Media Foundation for West Africa)
  • Jana Ciglerová (Denik N)
  • Zuliana Lainez (International Federation of Journalists)
  • Steve Sapienza (Pulitzer Center).

All entries underwent an initial pre-selection phase conducted by four journalism schools: Vesalius College in Brussels, Universidade Católica Portuguesa in Lisbon, Universidad de Navarra in Pamplona and Université Saint Joseph in Beirut.

Background

Established in 1992, the European Commission’s Lorenzo Natali Media Prize is awarded in memory of Lorenzo Natali, a former Commissioner for Development and Cooperation. He was a staunch defender of freedom of expression, democracy, human rights and development.

The prize recognises high-quality, courageous reporting on compelling issues such as climate change, women´s rights, inequality, healthcare, democracy and human rights.

The prize’s three categories in 2021 were:

  • Grand prize: for reporting published by a media outlet based in one of the European Union’s partner countries.
  • Europe prize: for reporting published by a media outlet based in the European Union.
  • Best Emerging Journalist prize: for reporting by journalists under the age of 30, published in a media outlet based in the European Union or in one of its partner countries.

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EU Politics

70% of the EU adult population fully vaccinated

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Today, the EU has reached a crucial milestone with 70% of the adult population now fully vaccinated. In total, over 256 million adults in the EU have now received a full vaccine course. Seven weeks ago already, the Commission’s delivery target was met, ahead of time: to provide Member States, by the end of July, with enough vaccine doses to fully vaccinate 70% of the adult EU population.

The President of the European Commission, Ursula von der Leyen, said:  “The full vaccination of 70% of adults in the EU already in August is a great achievement. The EU’s strategy of moving forward together is paying off and putting Europe at the vanguard of the global fight against COVID-19.  But the pandemic is not over. We need more. I call on everyone who can to get vaccinated. And we need to help the rest of the world vaccinate, too. Europe will continue to support its partners in this effort, in particular the low and middle income countries.”

Stella Kyriakides, Commissioner for Health and Food Safety, said:  “I am very pleased that as of today we have reached our goal to vaccinate 70% of EU adults before the end of the summer. This is a collective achievement of the EU and its Member States that shows what is possible when we work together with solidarity and in coordination. Our efforts to further increase vaccinations across the EU will continue unabated. We will continue to support in particular those Member States that are continuing to face challenges. We need to close the immunity gap and the door for new variants and to do so, vaccinations must win the race over variants.”

Global cooperation and solidarity

The rapid, full vaccination of all targeted populations – in Europe and globally – is key to controlling the impact of the pandemic. The EU has been leading the multilateral response. The EU has exported about half of the vaccines produced in Europe to other countries in the world, as much as it has delivered for its citizens.  Team Europe has contributed close to €3 billion for the COVAX Facility to help secure at least 1.8 billion doses for 92 low and lower middle-income countries. Currently, over 200 million doses have been delivered by COVAX to 138 countries.

In addition, Team Europe aims to share at least 200 million more doses of vaccines secured under the EU’s advance purchase agreements to low and middle-income countries until the end of 2021, in particular through COVAX, as part of the EU sharing efforts

Preparing for new variants

Given the threat of new variants, it is important to continue ensuring the availability of sufficient vaccines, including adapted vaccines, also in the coming years. That is why the Commission signed a new contract with BioNTech-Pfizer on 20 May, which foresees the delivery of 1.8 billion doses of vaccines between the end of the year and 2023. For the same purpose, the Commission has also exercised the option of 150 million doses of the second Moderna contract. Member States have the possibility to resell or donate doses to countries in need outside the EU or through the COVAX Facility, contributing to a global and fair access to vaccines across the world. Other contracts may follow. This is the EU’s common insurance policy against any future waves of COVID-19.

Background

A safe and effective vaccine is our best chance to beat coronavirus and return to our normal lives. The European Commission has been working tirelessly to secure doses of potential vaccines that can be shared with all.

The European Commission has secured up to 4.6 billion doses of COVID-19 vaccines so far and negotiations are underway for additional doses. The Commission is also working with industry to step up vaccine manufacturing capacity.

At the same time, the Commission has started work to tackle new variants, aiming to rapidly develop and produce effective vaccines against these variants on a large scale. The HERA Incubator helps in responding to this threat.

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