he Constitutive session of Montenegrin Council for cooperation with emigrants was held on September 27th 2016. At the beginning of the session, the mandates of the Council's members were confirmed, according to the legislation. After that, at the ceremonial part of the session, Prime Minister of Montenegro Milo Djukanovic and Director

oney Market Funds (MMFs) are a type of collective fund that invest in short-term debt and provide financing for financial institutions, corporations and governments. During the financial crisis their liquidity and stability were challenged which prompted discussion on how to make them more shock-resistant. In 2013 the Commission proposed a regulation

hen examining the current interest rate levels in the USA and Europe, two movements can be observed. First, a sustained decline in long-term interest rates that has lasted for the better part of the last two decades. That has been driven by demographic factors, the progressive integration of China into

urodac is a biometric database in which Member States are required to enter the fingerprint data of asylum-seekers in order to identify where they entered the EU. Established in 2000 and reviewed in 2013, its main purpose is to facilitate the application of the Dublin Regulation. The 2013 revision broadened

Some 331,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2016, 25% fewer than in the second half of 2015, the European Central Bank (ECB) announced today. The number of counterfeits remains very low in comparison with the increasing number of genuine banknotes in circulation (over

The European Central Bank (ECB) has decided on changes to the collateral eligibility criteria and risk control measures applicable to senior unsecured debt instruments issued by credit institutions or investment firms or their closely linked entities. These instruments are known as unsecured bank bonds (UBBs). ECB will amend eligibility criteria

he Beyond GDP approach considers GDP (gross domestic product) insufficient to capture the multidimensional nature of progress and promotes the use of alternative indicators in policy. Although commonly used as an indicator of well-being, GDP is a measure of economic performance, reflecting production expressed in monetary terms. It does not account

cientific knowledge has become a key element in the policy-making process, alongside societal values and political considerations. As a consequence, stronger science advice systems have been developed to provide timely and useful scientific advice to policy-makers in both legislative and executive bodies. Such systems for the provision of advice integrate various

20 leaders met in Hangzhou, China, on 4-5 September. European Council President Donald Tusk and European Commission President Jean-Claude Juncker represented the EU at the summit. The theme of this year's summit was “Towards an innovative, invigorated, interconnected and inclusive world economy”. Leaders adopted a communique focusing on: strengthening the G20 growth agenda

staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission. Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted once again to an unacceptably

he European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of

he EU Ecolabel helps customers identifying products and services that have a reduced environmental impact throughout their life cycle, from the extraction of raw material through to production, use and disposal. Recognized throughout Europe, EU Ecolabel is a voluntary label promoting environmental excellence which can be trusted. The EU Ecolabel scheme