Commission gathers views on how to tax the digital economy fairly and effectively
The European Commission has launched a public consultation on how the EU can ensure that the digital economy is taxed in a fair and growth-friendly way, on October 26. Taxing the digital economy has become an issue of pressing importance – politically...
Ukraine should boost anti-corruption reforms to meet the demands of citizens
Ukraine has achieved remarkable progress on anti-corruption reforms since the 2014 Revolution of Dignity. Despite these major achievements, there is a serious risk of backsliding on reforms, according to a new OECD report.
World Bank Approves US$35 Million for Clean Energy and Improved Electricity Access in Haiti
The World Bank’s Board of Executive Directors approved two grants totaling US$35 million to improve access to electricity for more than two million Haitians, and to scale-up investments in renewable energy in underserved rural and urban areas.
IMF Executive Board Concludes 2017 Article IV Consultation with the Kyrgyz Republic
On October 20, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kyrgyz Republic.
Reducing Risks in Developing Countries is Key to Spur Investment and Growth
A stable business environment, effective regulations, and political stability are among the key drivers of foreign direct investment (FDI) into developing countries, according to a new survey released by the World Bank Group, on October 25.
EU budget 2018: more funds needed for growth, jobs, security, and climate change
MEPs set overall EU budget for 2018 at €162.6 billion (+1.2% on the Commission’s draft budget) for commitments and €146.7 billion (+0.9%) for payments.
Russia must make fighting international bribery a priority
The OECD Working Group on Bribery has serious concerns regarding Russia’s continued failure to implement key legislative reforms to enable it to effectively investigate, prosecute and sanction the offence of foreign bribery.
Sweden’s Laws on Corporate Responsibility for International Bribery need Urgent Reform
Sweden has still not implemented reforms to its Penal Code initially recommended by the OECD Working Group on Bribery in June 2012. Sweden’s legal provisions on corporate liability do not meet the requirements of the OECD Convention on Combating...
State aid: Commission approves Hungary's €131 million investment aid to MOL petrochemical plant
The European Commission has found Hungary's €131 million investment aid to MOL Petrolkémia Zrt's Tiszaújváros plant to be in line with EU State aid rules. The support will contribute to the development of the Northern Hungary region, whilst preserving...
IMF Managing Director Christine Lagarde Discusses Global Macroeconomic Trends and Policy Priorities with Saudi Arabia
● Meeting with Crown Prince Mohammed bin Salman focused on Saudi Arabia’s economic outlook and current policy developments.
● Meeting with Saudi women included finding ways to further boost female labor force participation and entrepreneurship....
