EU officially launched its Competitiveness Compass, which establishes competitiveness as one of the EU’s overarching principles for action. Europe can only match its continent-sized competitors if EU and national policies are aligned around the same objectives and reinforce each other.
The digital identity will have to provide an efficient system of data security and ensure that trust service providers of qualified attestations of attributes cannot receive and information about use of attributes.
Today, the European Parliament in plenary session approved the new College of Commissioners with 370 votes in favour, 282 against and 36 abstentions. The new political team of the Commission will officially take office on 1st December 2024, marking the start of President Ursula von der Leyen's second mandate.
Policymakers, industry leaders, and experts convened at the European Parliament for the event “Enhancing EU Competitiveness Through High-Quality Business Data”, hosted by MEP Costas Mavrides in cooperation with the Federation of Business Information Services (FEBIS). The event brought to light the vital role of business data and advanced technologies in fostering innovation, combating financial crime, and strengthening Europe’s economic standing.
The actual hearings take place from 4 November until 12 November. Each candidate will be assessed by one or more parliamentary committees, depending on the proposed portfolio.
The document outlines the achievements of the last four years of the mandate and what remains to be done to realise the ambitions set for a stronger and more resilient Union and to prepare for the challenges of tomorrow.
One of the components of this Observatory is the Stakeholder's Forum, composed of associations, information providers, and administrations with experience in the problem of late payments.
After the ECJ invalidated the former EU-US Privacy Shield, businesses who operate cross- border have been waiting to get another EU-US Adequacy decision which will enable a sound legal basis for cross- Atlantic data flows.
In her State of the Union address in September 2022, President von der Leyen announced the revision of Directive 2011/7/EU on combating late payments in commercial transactions. This measure is one of the measures that will be put in place to put an end to the culture of late payments. An essential aspect is the lack of transparency, and the creation of an Observatory is one of the main measures of this project.
This proposal regulates the access by law-enforcement and competent authorities (FIUs) to information about the identity of bank-account holders contained in national centralised registries.