Former Romanian prime minister gets central bank post

During its July plenary session, Parliament is set to discuss the Committee on Budgetary Control’s report on the control of the European Investment Bank’s financial activities in 2019. The report highlights the role of the Bank in financing the European Green Deal, and its gradual shift towards being ‘the EU Climate Bank’. It also looks into the implementation of the European Fund for Strategic Investments (EFSI) and the Bank’s external operations, among other things. As last year, the report strongly emphasises the need for more integrity, transparency and accountability, stronger external scrutiny and reinforced mechanisms to fight fraud and corruption.

Source : © European Union, 2021 – EP

Faced with the prospect of a slowing vaccination campaign, Romanian Prime Minister Florin Citu has raised the prospect of a potential easing of restrictions for people that have received their COVID-19 vaccinations. So far, Citu has been wary of proposing…

The Hungarian OTP Bank Group has signed an agreement to acquire an outright stake in NKBM, Slovenia’s second largest bank, to become the leading banking player on the Slovenian market. OTP acquired the bank from Apollo, a US private equity…

Chinese tech company Huawei plans to set up a regional logistic hub in Slovenia for 19 markets of Central and Southeastern Europe, which will necessitate the construction of new warehousing facilities adjacent to the Jože Pučnik Ljubljana Airport. The company…

Several central banks, including the European Central Bank since 2014, have added negative policy rates to their toolboxes after exhausting conventional easing measures. It is essential to understand the effects on the economy of prolonged negative rates. This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area.
This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.

Source : © European Union, 2021 – EP