The FINANCIAL — The EU framework for screening of foreign direct investment (FDI) will become fully operational as of 11 October 2020. Over the last eighteen months following the adoption of the first EU investment screening regulation, the Commission and Member States
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The FINANCIAL — German Chancellor Angela Merkel and European Commission President Ursula von der Leyen will discuss the European Union’s response to the coronavirus pandemic at the European Committee of the Regions on 12-13 October. The EU’s assembly for local and regional
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The FINANCIAL — The European Commission has signed a joint procurement framework contract with the pharmaceutical company Gilead for the supply of up to 500,000 treatment courses of Veklury, the brand name for Remdesivir, and the opportunity to increase supply beyond the 500,000
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The FINANCIAL — All member states must become climate neutral by 2050, says European Parliament in a vote on the EU climate law, calling for ambitious 2030 and 2040 emissions reduction targets. On Wednesday, Parliament adopted its negotiating mandate on the EU climate
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The FINANCIAL — The European Commission has today sent the United Kingdom a letter of formal notice for breaching its obligations under the Withdrawal Agreement. This marks the beginning of a formal infringement process against the United Kingdom. It has one month
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The FINANCIAL — Today, Commissioner for Neighbourhood and Enlargement Olivér Várhelyi and the Prime Minister of Georgia signed two financing agreements to tackle the crisis caused by COVID-19 outbreak. The two agreements are part of the EU’s response to COVID-19 under the “Team Europe”
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The FINANCIAL — The Georgian Black Sea town of Batumi, which is home to the country’s State Maritime Academy, is celebrating World Maritime Day on September 24. Georgia has been actively involved in the maritime sector for a few years – foreign
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The FINANCIAL — The UK has published a bill to rewrite parts of the withdrawal agreement signed in January 2020. The EU stated that this had seriously damaged trust and it would not be shy of taking legal action against the UK, but
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The FINANCIAL — As part of the strategy to gradually open the country, the Georgian Government has decided to allow foreign citizens to enter Georgia under a special regime. Economy Minister of Georgia Natia Turnava and Foreign Minister Davit Zalkaniani signed the document and
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The FINANCIAL — British Airways plans to axe almost 30 per cent of the airline’s workforce. Airline says that the financial impact of Covid-19 is already greater than 9/11, SARS, the ash cloud and the financial crash of 2008/09 combined. Lufthansa also plans reduction of
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