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EIB: One of most beautiful European railways recaptures past glory

The Montenegro railway upgrade is the first in 40 years ontenegro's railway used to be one of its big accomplishments. It was the largest and most expensive infrastructure project in the former Yugoslav federation. But now it has fallen into decay. With the European Investment Bank's help, the railway plans a

How many US dollars are in circulation today?

he journey of each individual currency note is pretty incredible. After being printed or minted, each bill is then passed between people and businesses to facilitate transactions. If it’s a $1 or $5 bill, it changes hands on average about 110 times per year – and if it’s a $20

The Biggest Economies in 2018

he United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017.

EU Programme for Employment and Social Innovation (EaSI) Report

uropean Commission published a report with examples of 7 projects and 10 organizations supported by the Programme for Employment and Social Innovation (EaSI) in 2014-2017. The aims of the presented projects ranged from supporting reforms of national social protection systems and enhancing administrative cooperation on posting of workers to raising awareness on how young people

Globalization Adjustment Fund: €4.6M to ex Caterpillar Belgium workers

he European Commission has proposed to provide Belgium with €4.6 million from the European Globalisation Adjustment Fund. This money should help nearly 2,300 former workers of Caterpillar Solar Gosselies and of several Caterpillar suppliers find new jobs. EU Commissioner for Employment, Social Affairs, Skills and Labour Mobility Marianne Thyssen commented: "Thanks to the €4.6

Capital Markets Union: Crowdfunding, FinTech and Sustainability

s part of its efforts to build a Capital Markets Union the Commission presented a new series of actions that aim to connect finance with the specific needs of the European economy and to enable the financial sector to make use of the rapid advances in new technologies. Action Plan on

Capital Markets Union: new rules for investment firms

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The European Commission proposes a two-track overhaul to make life simpler for smaller investment firms, while bringing the largest, systemic ones under the same regime as European banks. Investment firms and the services they provide are vital to a well-functioning Capital Markets Union (CMU). Alongside banks, EU capital markets rely

What is a Hedge Fund?

Hedge funds are alternative investments using pooled funds that employ numerous different strategies to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in

Towards safer and more innovative electronic payments

he Commission has today 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. These rules implement the EU's recently-revised Payment Services Directive (PSD2) which aims to modernize Europe's payment services

EC: Completion of the Banking Union by 2018

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uropean citizens and businesses will benefit from deeper financial integration and a more stable financial system, thanks to Commission plans to accelerate with the completion of the missing parts of the Banking Union. The Banking Union must be completed if it is to deliver its full potential in making the

EU – 10 years since the start of the economic crisis

he global financial crisis began 10 years ago and led to the European Union's worst recession in its six-decade history. The crisis did not start in Europe but EU institutions and Member States needed to act resolutely to counter its impact and address the shortcomings of the initial set-up of

New 10 GBP bill revealed

he new bills, which replace the image of naturalist Charles Darwin with that of early-19th century novelist Jane Austen, will be issued on Sept. 14 2017 and will be the first to include a tactile feature to help the visually impaired, Bank of England Governor Mark Carney announced. The note will

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