Brussels, 30-5-2013 — /europawire.eu/ — Commission takes steps under the Excessive Deficit Procedure.
Which decisions has the Commission taken today as regards the Excessive Deficit Procedure?
The Commission has today recommended that the Council abrogate the Excessive Deficit Procedure (EDP) for five countries: Italy, Latvia, Hungary, Lithuania and Romania.
The Commission has also recommended that the Council open an EDP for Malta.
Moreover, the Commission has adopted Recommendations to the Council with a view to extend the deadlines for correcting the excessive deficit in six countries: Spain, France, the Netherlands, Poland, Portugal and Slovenia.
In addition, the Commission has recommended that the Council decides that no effective action has been taken by Belgium to put an end to the excessive deficit and that the Council gives notice to Belgium to take measures to correct the excessive deficit.
Abrogation/Opening of an Excessive Deficit Procedure
How many Member States are currently under an Excessive Deficit Procedure?
At the moment there is an Excessive Deficit Procedure (EDP) ongoing for 20 EU Member States. This means all EU Member States except Bulgaria, Germany, Estonia, Luxembourg, Malta, Finland and Sweden are subject to an EDP. Today the Commission has proposed to abrogate the EDP forItaly, Latvia, Hungary, Lithuania and Romania. But the Commission has also proposed to open an EDP for Malta. So if the Council follows the Commission’s Recommendations, the overall number of countries in EDP will drop to 16.
What is needed for an Excessive Deficit Procedure to be abrogated?
A decision on the abrogation of an Excessive Deficit Procedure (EDP) is based on a “durable correction” of the excessive deficit. This is deemed achieved if:
- (i) the notified data for the previous year (2012 in these cases) show a deficit below 3% of GDP; and
- (ii) the Commission services’ forecast indicates that the deficit will not exceed the 3% of GDP reference value over the forecast horizon(currently 2013 and 2014)
In cases where the deficit remains close to the reference value and the debt level remains below 60% of GDP, the Commission will also take into account the net cost of the implementation of pension reforms involving the setup of a mandatory, fully funded second pillar. In particular, the Commission will take into account if the excess over the 3% threshold is fully explained by the net cost of the implementation of the pension reform.
Why does the Commission recommend that the Council abrogate the EDP for Italy, Latvia, Hungary, Lithuania and Romania?
Italy
The EDP for Italy was launched in 2009. After peaking at 5.5% of GDP in 2009, Italy’s general government deficit was steadily brought down and reached 3.0% of GDP in 2012, which was the deadline set by the Council. The Stability Programme for 2013-17, adopted by the Italian government on 10 April 2013 and endorsed by parliament on 7 May, plans for the deficit to decline slightly to 2.9% of GDP in 2013 and then to fall to 1.8% of GDP in 2014. Based on the no-policy-change assumption, the Commission services’ 2013 Spring Forecast projects a deficit of 2.9% of GDP in 2013 and 2.5% of GDP in 2014, which is below the Treaty reference value of 3% of GDP.
Latvia
The EDP for Latvia was launched in 2009. Following high general government deficits in 2009 and 2010 (respectively at 9.8% and 8.1% of GDP), which partly reflected measures to stabilise the financial sector, the deficit started rapidly declining in 2011, when it reached 3.6% of GDP. In 2012, the deficit declined further to 1.2% of GDP, thus well below the 3% of GDP Treaty reference value. The Commission services’ 2013 Spring Forecast projects that the general government deficit will remain broadly unchanged in 2013 at 1.2% of GDP and will decrease to 0.9% of GDP in 2014 based on the no-policy-change assumption, thus staying well below the reference value of 3% of GDP.
Lithuania
The EDP for Lithuania was launched in 2009. Having peaked at 9.4% of GDP in 2009, the general government deficit in Lithuania was brought down to 7.2% of GDP in 2010, then to 5.5% of GDP in 2011 and to 3.2% of GDP in 2012. Since the deficit of 3.2% of GDP can be considered to be close to the reference value of 3% of GDP and Lithuania’s debt-to-GDP ratio is below the 60% of GDP reference value in a sustained manner, Lithuania is eligible for the Stability and Growth Pact provisions allowing for the direct net cost of a systemic pension reform to be taken into account when assessing the correction of the excessive deficit. As the net costs of Lithuania’s systemic pension reform were 0.2% of GDP in 2012, they explain the excess over the 3% of GDP Treaty reference value in that year. The Commission services’ 2013 Spring Forecast projects an improvement of the general government deficit to 2.9% of GDP in 2013 and to 2.4% of GDP in 2014 – based on the no-policy-change assumption. As such, the deficit is set to remain below the reference value of 3% of GDP over the forecast horizon.
Hungary
The EDP for Hungary was launched in 2004. In 2012, on the basis of a considerable fiscal effort, the general government deficit reached 1.9% of GDP. This was also thanks to one-off revenues amounting to ¾% of GDP. The Hungarian 2013 Convergence Programme projects that the general government deficit will stay at 2.7% of GDP in both 2013 and 2014. However, the Commission services’ 2013 Spring Forecast foresees a deficit of 3.0% of GDP in 2013 and 3.3% of GDP in 2014, which suggests that the excessive deficit has not been brought to an end in a durable way. On 13 May 2013, following the release of the Spring Forecast, the Hungarian government adopted further corrective measures amounting in gross terms to about 0.3% and 0.7% of GDP for 2013 and 2014, respectively. The Commission’s updated fiscal assessment, which takes into account the impact of these additional corrective measures, projects a deficit of 2.7% and 2.9% in 2013 and 2014, respectively. Thus, the deficit is expected to remain below the Treaty reference value of 3% of GDP over the forecast horizon.
Romania
The EDP for Romania was launched in 2009. The larger-than-expected recession in 2009 resulted in a significant shortfall in government revenue, which pushed the general government deficit to 9% of GDP despite efforts to reduce government expenditure. The deficit was subsequently reduced to 6.8% of GDP in 2010, to 5.6% of GDP in 2011 and to 2.9% of GDP in 2012, which is below the 3% of GDP Treaty reference value. In the Commission services’ 2013 Spring Forecast, the general government deficit is projected to decrease to 2.6% of GDP in 2013 and to 2.4% of GDP in 2014 – based on the no-policy-change assumption – thus remaining below the Treaty reference value of 3% of GDP.
Why is the Commission recommending that the Council open an EDP for Malta?
Since accession to the EU, Malta has been subject to two Excessive Deficit Procedures (EDP). The first was launched in July 2004 and was abrogated in June 2007. The second was launched in July 2009 and abrogated in December 2012. According to data notified by the Maltese authorities in April 2013, the general government deficit in Malta reached 3.3% of GDP in 2012, thus exceeding the 3%-of-GDP reference value of the Treaty. The Commission report under Article 126(3), which represents the first step in the EDP, considers that the deficit was close to the 3%-of-GDP reference value, but the excess over the reference value could not be qualified as exceptional nor temporary within the meaning of the Treaty and the Stability and Growth Pact. The Commission services’ 2013 Spring Forecast projects that the deficit will continue to be above the reference value in 2013 and 2014, respectively at 3.7% and 3.6% of GDP. In addition, in 2012 the debt ratio was above the 60%-of-GDP reference value and Malta did not make sufficient progress towards compliance with the debt reduction benchmark, in line with the requirements of the transition period1. In light of the above the Commission recommends that the Council decides on the existence of an excessive deficit in accordance with Article 126(6) of the Treaty.
When should Malta correct its excessive deficit?
The Commission recommends that the Council should address recommendations to Malta under Article 126(7)in order to put an end to the present excessive deficit situation by 2014. Specifically, Malta should reach a headline deficit target of 3.4% of GDP for 2013 and 2.7% of GDP in 2014, which is consistent with an annual improvement of the structural balance of 0.7% of GDP in 2013, and 0.7% of GDP in 2014. This adjustment path would allow bringing the deficit below the 3% of GDP reference value by 2014 while at the same time ensuring that the debt ratio will approach the 60%-of-GDP reference value at a satisfactory pace.
Extensions of the deadline for correcting the excessive deficit
Which countries are concerned? What is the new fiscal adjustment path?
Spain
The Commission recommends extending the deadline for Spain by two years, so that the country should put an end to the present excessive deficit situation by 2016. Spain should deliver an improvement of the structural budget balance of 1.1% of GDP in 2013, 0.8% of GDP in 2014, 0.8% of GDP in 2015, and 1.2% of GDP in 2016, in order to bring the headline government deficit below the 3% of GDP reference value by 2016, based on the Commission services’ 2013 Spring Forecast. The corresponding headline deficit targets should be 6.5% of GDP for 2013, 5.8% of GDP for 2014, 4.2% of GDP for 2015, and 2.8% of GDP for 2016.
France
The Commission recommends to extend the deadline for France by two years so that France should put an end to the present excessive deficit situation by 2015 at the latest. France should reach a headline deficit of 3.9% of GDP in 2013, 3.6% in 2014 and 2.8% in 2015, which is consistent with delivering an improvement in the structural balance of 1.3% of GDP in 2013, 0.8% in 2014 and 0.8% in 2015, based on the Commission services’ 2013 Spring Forecast (extended to 2015).
Netherlands
The Commission recommends extending the deadline for the Netherlands by one year so that the country should put an end to the present excessive deficit situation by 2014 at the latest. The Netherlands should reach a headline deficit target of 3.6% in 2013 and 2.8% of GDP in 2014, which is consistent with an improvement of the structural balance of around 0.6% of GDP in 2013 and 0.7% of GDP in 2014.
Poland
The Commission recommends extending the deadline for Poland by two years, so that Poland should bring an end to the excessive deficit situation by 2014 at the latest. Poland should reach a headline deficit target of 3.6% and 3.0% of GDP in 2013 and 2014, wich is consitent with an annual improvement of the structural balance of at least 0.8% and 1.3% of GDP respectively, based on the updated Commission services’ 2013 Spring Forecast.
Portugal
The Commission recommends extending the deadline for Portugal by one year, so that the country should bring an end to the present excessive deficit situation by 2015. The Portuguese authorities should bring the headline deficit targets to 5.5% of GDP in 2013, 4.0% of GDP in 2014 and 2.5% of GDP in 2015, which is consistent with an improvement in the structural balance of 0.6% of GDP in 2013, 1.4% of GDP in 2014 and 0.5% of GDP in 2015, based on the Commission services’ May 2013 update of the economic outlook for Portugal.
Slovenia
The Commission recommends extending the deadline for Slovenia by two years, so that the country should bring an end to the present excessive deficit situation by 2015. Slovenia should reach a headline general government deficit target of 4.9% of GDP in 2013 (3.7% of GDP excluding 1.2% of GDP one-off expenditure to recapitalise the two largest banks), 3.3% of GDP in 2014 and 2.5% of GDP in 2015. This is consistent with an annual improvement of the structural balance of 0.75% of GDP in 2013, 0.5% of GDP in 2014 and 0.5% of GDP in 2015, in order to bring the headline government deficit below the 3% of GDP threshold by 2015, based on the Commission services’ updated 2013 Spring Forecast.
What are the conditions for being granted additional time to correct the excessive deficit?
Additional time can be granted to a Member State to correct an excessive deficit, without stepping up the EDP, provided two conditions are met:
- There must have been an unexpected economic event with major unfavourable consequences for the Member State concerned by the EDP, meaning that the deadline for correcting the excessive deficit can no longer be met.
- The Member State has to have taken “effective action” to comply with the recommendation or notice addressed to it by the Council.
A Member State is considered to have taken effective action if it has acted in compliance with the Council recommendation, regarding both the implementation of the measures required and the budgetary execution. In case the nominal targets are not met, a careful analysis of the structural effort delivered (measured by the change in structural balance, i.e. the budget balance net of the effect of the economic cycle and the impact of one-off and temporary measures) is carried out in order to determine whether the Member State has adopted measures of the magnitude required.
When a Member State has taken effective action but cannot meet the deadline due to unexpected events with major negative consequences for government finances, the Council may decide to adopt a revised recommendation, extending the deadline for the correction of the excessive deficit.
What is the legal basis for the extension?
The legal basis is Article 3(5) of Regulation 1467/97. It says that the Council may decide, on a recommendation from the Commission, to adopt a revised recommendation under Article 126(7) of the Treaty on the Functioning of the European Union, if effective action has been taken and unexpected adverse economic events with major unfavourable consequences for government finances have occurred.
What are the next steps?
The Commission recommends that the Council establish 1 October 2013 as the deadline for Spain, France, the Netherlands, Poland and Slovenia to take effective action (i.e. to publicly announce or take measures that seem sufficient to ensure adequate progress towards the correction of the excessive deficit) and to report in detail the consolidation strategy that is envisaged to achieve their respective targets. For Portugal the conditions of the economic adjustment programme apply.
What happens if the countries do not take effective action?
Following the deadline for taking effective action, the Commission will make an assessment of action taken and communicate its findings to the Council. In case the assessment is negative, the Commission will recommend that the Council decide that no action has been taken (Art. 126(8) of the Treaty). In that case, for euro area Member States, the Commission will also recommend the Council to step up the EDP, i.e. to give notice to the Member State concerned (Art. 126(9) of the Treaty).
Stepping up the EDP for Belgium
What is the Commission recommending for Belgium?
The Commission recommends that the Council decides under Article 126(8) that Belgium has not taken effective action in response to the Council Recommendation under Article 126(7) of 2 December 2009 and to decide under Article 126(9) to give notice to Belgium to take measures to correct the excessive deficit by 2013.
Why does the Commission conclude that Belgium has not taken effective action?
The Excessive Deficit Procedure (EDP) for Belgium was launched in 2009 and the country was asked to correct its excessive deficit by 2012. But the 2012 deficit came out at 3.9% of GDP. Hence, Belgium did not correct its excessive deficit by the deadline recommended by the Council. This was partly due to the urgent need to recapitalize the banking group Dexia at the end of 2012, which had a negative impact of 0.8% of GDP on the government deficit. However, also without this operation the deadline would have been missed.
The average annual fiscal effort since 2010 is estimated at 0.3% of GDP, significantly below the ¾% of GDP recommended by the Council. Also after correction for the effects of revised potential output growth and revenue developments, the adjusted average fiscal effort is less than half of the recommended effort.
Measures taken in the initial 2013 budget and the March 2013 budget control, are currently expected to bring the deficit below 3% of GDP in 2013. However, according to the Commission services’ 2013 Spring Forecast, the safety margin against breaching the Treaty reference value is very narrow. Moreover, the correction is currently not yet sustainable. Therefore, a further reduction of the 2013 deficit to 2.7% of GDP is warranted in order to secure a lasting improvement in the general government balance.
What is the new adjustment path for Belgium?
The Commission recommends that the Council decides that Belgium shall put an end to the present excessive deficit situation by 2013. Belgium shall reduce the headline deficit to 2.7% of GDP in 2013. This nominal improvement is consistent with an improvement in the structural balance of 1% of GDP in 2013, based on the Commission services’ 2013 Spring Forecast.
Belgium shall submit to the Commission, by 21 September 2013 at the latest, a report outlining the measures taken to comply with this Decision. The Commission will evaluate this report with a view to assessing progress made towards the correction of the excessive deficit.
General
What is the next step?
Finance Ministers will discuss today’s Recommendations at the ECOFIN Council meeting on 21 June in Luxembourg.
What are the main features of the Excessive Deficit Procedure (EDP)?
The Excessive Deficit Procedure (EDP) is a rule-based process established in the Treaty on the Functioning of the European Union (TFEU, Article 126) to ensure that Member States correct gross fiscal policy errors. There are two key reference values, which, when breached, constitute criteria on the basis of which the opening of an EDP can be warranted: one for the general government deficit (3% of GDP) and one for gross government debt (60% of GDP). To ensure the correction of excessive deficits, Member States in EDP are subject to recommendations that are to be respected by a certain deadline.
The various steps within the EDP are listed in the Treaty and specified further in the Stability and Growth Pact (SGP) legislation (Regulation (EC) 1467/97). While the EDP corresponds to the “corrective arm” of the SGP, it is complemented by a “preventive arm” (defined in Regulation (EC) 1466/97), which comprises procedures to promote surveillance and coordination of economic policies and ensure progress towards fiscal sustainability.
The EDP has recently been reinforced as part of the overhaul of the economic governance architecture in the EU, partly in response to the economic crisis. In particular, the legislative package known as the “Six Pack” has largely reformed economic and budgetary surveillance in the EU (MEMO/11/898).
Are euro area programme countries covered by the EDP?
Yes, there is an ongoing Excessive Deficit Procedure (EDP) for Greece, Ireland, Portugal and Cyprus. But there are certain provisions in order to avoid a doubling of monitoring and reporting requirements. The Commission has already implemented this principle, which is confirmed by a Regulation of the Two-Pack that will enter into force on 30 May (MEMO/13/196). In general, the aim of the Two-Pack, which is made up of two regulations, is to further strengthen budgetary surveillance and coordination of economic and budgetary policy in the euro area. Contrary to the EDP, the Macroeconomic Imbalance Procedure does not cover Member States which are subject to an adjustment programme.
For more information see:
http://ec.europa.eu/economy_finance/economic_governance/sgp/corrective_arm/index_en.htm.
Under the Six-Pack legislation which entered into force in December 2011, upon exiting an existing EDP, a Member State enters a three-year transition period before the full application of the debt criterion, during which it must nonetheless make sufficient progress towards complying with the debt benchmark. A negative assessment of the progress made towards compliance should lead to the preparation of a report by the Commission, based on Article 126(3), and can lead to the opening of a new EDP. For Malta, the transition period to comply with the debt reduction benchmark started in 2012. The Commission’s assessment is that the structural effort implemented by Malta in 2012 was not sufficient to meet the requirements of the transition period..
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- Digi Communications N.V. Announces that conditional stock options were granted to executive directors of the Company and to directors and employees of the Company’s Romanian Subsidiary
- Caravel Capital Investments Inc. Founding Partner to Speak at Secure Spectrum Hedge Fund Seminar
- Digi Communications NV announces a correction of clerical errors by Amending the Q1 2022 Financial Report
- Digi Communications NV announces the release of Q1 2022 Financial Results
- Digi Communications N.V. announces Investors Call for the Q1 2022 Financial Results presentation
- Yield Crowd Tokenizes US $50M Real Estate Portfolio on Stellar Blockchain
- Digi Communications N.V. Announces an Amendment to the Financial Calendar for 2022
- Diabeloop presents new real-life results of DBLG1® System: Confirmed improvement in Time In Range +18.4 percentage points; Reduction of time spent in hypoglycemia to only 0.9%
- How two female entrepreneurs are redefining the lake travel industry
- Vil du være med å utvikle fremtidens bærekraftige reiseliv?
- Mettiti alla prova con la terza edizione del CASSINI Hackathon per rivitalizzare il settore turistico
- Προκαλέστε τον εαυτό σας στο 3ο CASSINI Hackathon και στοχεύστε την αναζωογόνηση του τουρισμού!
- Participez au 3e Hackathon CASSINI et relevez le défi de redynamiser le tourisme!
- 3. CASSINI Hackathon zur Neubelebung des Tourismus: Stellen Sie sich der Herausforderung!
- Írd újra Európa turizmusát a 3. CASSINI Hackathonon!
- Aceita o desafio do 3º CASSINI Hackathon para revitalizar o turismo!
- Podejmij wyzwanie! Weź udział w 3. Hackathonie CASSINI i pomóż ponownie ożywić turystykę!
- Daag jezelf uit op de 3e CASSINI Hackathon en blaas toerisme nieuw leven in
- Diabeloop adapts its self-learning, personalized insulin automatization software to be used with insulin pens
- Amadeus unveils five defining trends for the US group travel and events industry in 2022
- On World Bipolar Day ALCEDIAG announces EIT Health supported EDIT-B Consortium validating innovative blood diagnostic test for bipolar disorder
- Global & Europe Mental Health Software and Devices Market to Witness a Revenue of USD 13367.12 Million by 2030 by Growing with a CAGR of 13.28% During 2021-2030; Increasing Concern for Mental Health Disorders to Drive Market Growth
- Digi Communications NV announces the release of the 2021 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the 2021 Preliminary Financial Results presentation
- At MWC in Barcelona, Amphenol will be exhibiting its wide offering for wireless service providers – including Open RAN compatible active 5G antennas
- ELIOS combined with cataract surgery delivers significant IOP reduction out to 8 years
- Tableau comparatif des pays : les caractéristiques à connaître avant de se développer à l’international
- Smart exosomes from an Australian technology leader
- Bucharest Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares
- Transmetrics AI is Applied by DB Schenker to Improve Land Transport Network in Bulgaria
- Digi Communications N.V.: Announces repayment of an aggregate amount of approx. EUR 272 million of the Group’s financial debt
- El Liceo Europeo vence el Premio Zayed a la Sustentabilidad 2022 en Europa y Asia Central
- Framework rebrands to daappa, heralding a new phase in fintech solutions designed for private markets
- Digi Communications N.V. Announces the publishing of the Financial Calendar for 2022
- Manufacturing giant Haizol expands their offices in China
- Patients and R&D Leaders Jointly Present at EU Conference on Progress with Patient-Input to Transform Medicine Development
- Seminário Bíblico sobre “O Cumprimento da Palavra de Jesus no Mundo de Hoje”
- 'I Love fruit & veg from Europe': Weihnachten in der Schweiz ist gesund und voller Aromen
- Fidupar Now Live on Framework’s Core Solution
- Maya Miranda Ambarsari launches InterconnectDATA information platform for authentic data
- Digi Communications N.V. Announces that the offer of the Company’s Romanian subsidiary was designated winner of the auction organised for the allocation of certain radio frecquency entitlements
- New dating site aimed at people with mental health problems launches in Switzerland
- BITSCore Tests Satellite Cyber-Security and Ride-Share Algorithms on Australian Rocket
- StatusMatch.com ed Emirates collaborano per aiutare i frequenti viaggiatori italiani a tornare in volo
- StatusMatch.com and Emirates partner up to help Italian frequent flyers get back in the air
- MinDCet drivers and FTEX powertrain solutions enable EV GaN applications
- Digi Communications NV announces the release of the Q3 2021 Financial Results
- Origami and citoQualis Team up for Startups
- Digi Communications NV announces Investors Call for the Q3 Financial Results presentation
- Digi Communications N.V. announces the extraordinary general meeting’s resolution from 4 November 2021, approving the appointment of KPMG N.V. as the Company’s statutory auditor for the 2021 financial year
- Digi Communications N.V. announces The solution reached by the Bucharest Court of Appeal regarding the investigation conducted by the Romanian National Anticorruption Directorate with respect to RCS & RDS S.A., Integrasoft S.R.L. and certain of their directors
- Digi Communications N.V. Announces the results of the auction organised by the Portuguese Authority for Telecommunications
- Haizol expands its capabilities to include component assembly and product development
- EIC, the World’s Largest Multinational Innovation Program, to Invest €13.4M in Wi-Charge, a Game Changing Wireless Power Company
- European Weightlifting Federation on its way for Electoral Congress
- “Without women, We are unable to solve the world’s greatest challenges” — She Loves Tech 12 Hot Finalists ready to get their chance at the Local Pitch in South Europe!
- Significant improvement in increasing Time In Range and reducing hypoglycemia among people equipped with Diabeloop DBLG1
- Digi Communications N.V. Announces the Convocation of the Company’s Extraordinary General Meeting of Shareholders on 4 November 2021 in order to appoint KPMG N.V. as the Company’s new statutory auditor for the financial year 2021
- Unit of Measure enters partnership with Stibo Systems
- Haizol, metal manufacturing giant, launch a brand new website which is both user friendly and interactive
- Groundbreaking Immersive Experience from Samsung and Artist Michael Murphy Reveals a New Perspective for Visual Entertainment Through the Stunningly Slim Neo QLED TV
- Collaboration between Airbus and Neural Concept
- Archpriest Nikolay Balashov on Patriarch Bartholomew’s speeches in Kiev
- ABB's Peter Voser joins Xynteo's Europe Delivers partnership as it new Chairman
- Digi Communications NV announces that a new stock option programme was approved
- Leverage the benefits of digital manufacturing with Haizol
- Digi Communications NV announces the release of the H1 2021 Financial Results
- Digi Communications NV announces Investors Call on the Financial Results for H1 2021
- Rockegitarist-Sensasjon Rocky Kramer Har Fått Hovedrollen I Mutt Productions Filmen Rockin’ In Time
- Dispatch.d Offers Unique US Market Entry Services for European Impact Brands
- CSA Research’s New Localization Intelligence Analyzer, powered by LocHub, Helps Organizations Improve their Website’s Effectiveness for Global Customers
- Customer Data Platform Industry Accelerated During Pandemic: CDP Institute Report
- Digi Communications N.V. announces that two of its subsidiaries entered into two facility agreements
- Introducing Cap Expand Partners, Helping Business Leaders Break International Barriers
- Hong Kong’s Innovation and Technology Venture Fund Becomes Strategic Financial Investor of Ignatica
- Cure for prostate cancer on the horizon
- Fanpictor signs multi-year partnership with Royal Belgian Football Association
- Fanpictor unterzeichnet mehrjährige Partnerschaft mit dem Königlich Belgischen Fussballverband
- Fanpictor signe un partenariat pluriannuel avec la Royal Belgian Football Association
- Fanpictor firma una colaboración de varios años con la Real Federación Belga de Fútbol
- Fanpictor firma una partnership pluriennale con la Royal Belgian Football Association
- Fanpictor tekent meerjarige partnership met Koninklijke Belgische Voetbalbond
- Launch of the New Akenza Platform
- De zelflerende algoritme DBLG1®: eenvoudig te gebruiken voor een optimale en gepersonaliseerde behandeling van diabetes type 1
- Launch of the Anna Lindh Foundation Virtual Marathon for Dialogue!
- Digi Communications N.V. announces the exercise of stock options by the Executive Director of the Company pursuant to the decision of the Company’s general meeting of shareholders dated 30 April 2020 and in accordance with the stock option plan approved at the level of the Company in 2017
- New research unlocks long tail growth opportunity for the tech industry
- Digi Communications NV announces the availability of the instructions on the 2020 share dividend payment
- Digi Communications NV announces that conditional stock options were granted to several Directors of the Company based on the approval of the general meeting of shareholders from 18 May 2021
- Digi Communications N.V. Announces the Company’s General Shareholders Meeting resolutions adopted on 18 May 2021 approving, amongst others, the 2020 Annual Accounts
- Digi Communications N.V. (“Digi”) announces the Q1 2021 Financial results
- Digi Communications NV announces Investors Call for the Q1 2021 Financial Results
- Digi Communications N.V. announces an Amendment to the 2021 Financial Calendar
- Fastpayhotels Hits an Industry Milestone by Connecting 500 Hotels Per Day Through DerbySoft Technology
- 4 ways to build a more flexible supply chain
- Join the world's leading virtual CBD event for FREE
- DEEPENING STRATEGIC RELATIONSHIP BETWEEN UBC AND PIONEERING DECENTRALISED PLATFORM, MANYONE
- Mono Solutions recognizes Norwegian small business agency with best website 2021 award
- Mono Solutions and Xrysos Odigos unlock new opportunities for small businesses
- Behind the scenes of a 10,000-people online conference: creating a live-event atmosphere and leveraging cybersecurity software
- Largest Supply Chain for Face masks, FFP2, FFP3 and cloth masks
- TRANSMAR AND TRANSMETRICS SIGN DEAL FOR STATE-OF-THE-ART LOGISTICS COLLABORATION
- Amendment of Digi Communications N.V. Financial Calendar for 2021
- 4iG and Digi Communications NV’s Romanian subsidiary have entered into a term sheet with regards to a potential acquisition by 4iG of DIGI Group’s Hungarian operations
- “Building Healthy Relationships and Enhancing Gender Equality”: Young women from Cyprus, Egypt, Lebanon and Jordan come together
- Bring Ventures investit dans Crossborderit (CBIT), DDP et une solution de commerce électronique
- Bring Ventures investiert in Crossborderit (CBIT), eine DDP (geliefert verzollt) und E-Commerce Lösung
- Bring Ventures invests in Crossborderit (CBIT), DDP and ecommerce solution
- Lionspeed GP with Patrick Kolb and Lorenzo Rocco joins forces with CarCollection Motorsport in 2021
- Eurekos, ein klassenbester LMS-Anbieter, hat seine Position im renommierten Fosway 9-Grid™ für Lernsysteme verbessert
- Eurekos, en førsteklasses LMS-udbyder, har forstærket sin position på den prestigefyldte Fosway 9-Grid™ for læringssystemer
- Eurekos, ein erstklassiger LMS-Anbieter, hat seine Position auf dem renommierten Fosway 9-Grid™ für Lernsysteme weiter ausgebaut
- Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares
- Digi Communications N.V.: Announces an Amendment to the Financial Calendar for 2021
- Ideanomics Invests $13M in Italian EV Motorcycle Company, Energica
- DigiSky and Asman Technology Announce Global Reseller Agreement
- Neowintech - O Marketplace Da Sua Próxima Solução Financeira
- Neowintech - Il Marketplace per la tua prossima soluzione finanziaria
- PIONEERING DECENTRALISED SECURE MESSAGING PLATFORM MANYONE ANNOUNCES STRATEGIC RELATIONSHIP WITH UNIVERSITY COLLEGE LONDON CENTRE BLOCKCHAIN TECHNOLOGY
- Digi Communications NV announces the release of the 2020 Preliminary Financial Results
- Fraunhofer IGD develops automated robotic arm to scan cultural objects in 3D, now cooperating with Phase One
- Adapt Fast or Disappear – Choosing the Right Supplier
- Digi Communications NV announces Investors Call for the 2020 Preliminary Financial Results
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- URSAPHARM Arzneimittel et CEBINA annoncent un partenariat pour reconvertir l'antihistaminique azélastine afin de lutter contre la COVID-19
- URSAPHARM Arzneimittel y CEBINA anuncian una colaboración para readaptar el antihistamínico azelastine para combatir la COVID-19
- URSAPHARM Arzneimittel and CEBINA announce partnership to repurpose the antihistamine azelastine to combat COVID-19
- ANIL UZUN Will Launch Bass Guitar Lessons Series on Youtube
- Henrik Stampe Appointed CEO for Mono Solutions
- Anna Mossberg leder Nordens största privata AI-lab i Sverige: "Utan AI riskerar svenska företag att förlora sin konkurrensfördel."
- What COVID-19 has taught us about manufacturing & the importance of a digital online marketplace
- Digi Communications N.V. announces: the Supreme Court of Hungary dismissed the Company’s appeal related to the 5G Tender procedure
- Customer Data Platform Industry to Reach $1.5 Billion in 2021: CDP Institute Report
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GreenMantra Technologies Announces Exclusive Distribution Relationship with HARKE GROUP