Adam

New Motorway of Hajdú-Bihar Inaugurated with a Border Crossing Point at Its End

It has now become possible to drive on motorway from Debrecen directly to the Romanian border. For the time being, the motorway continues in a length of five kilometres on the Romanian side. The new stretch of the M4 Motorway between Berettyóújfalu and the border, as well as the border crossing point were inaugurated on […]

Situation at EU external borders – Arrivals down in first half of 2020

In the first half of this year, the number of illegal border crossings at Europe’s external borders fell by nearly a one-fifth from a year ago to 36 400*, mainly because of the effects of the COVID pandemic. The drop was especially pronounced on the Western and Eastern Mediterranean migratory routes. In June, the number […]

Communique on Bulgaria

At the request of the Bulgarian authorities, the finance ministers of the euro area Member States of the European Union, the President of the European Central Bank, and the finance ministers and central bank governors of Denmark and Bulgaria have decided, by mutual agreement, to include the Bulgarian lev in the Exchange Rate Mechanism (ERM […]

Working group on euro risk-free rates recommends voluntary compensation for legacy swaption contracts affected by the discounting transition to the €STR

Working group recommends voluntary compensation for legacy swaption contracts Market participants advised to contact swaption counterparties to discuss and decide on voluntary compensation No single preferred option for implementing voluntary compensation, but several potential modalities identified. The private sector working group on euro risk-free rates has today endorsed a recommendation that counterparties voluntarily exchange compensation […]

European Commission, EMA and FDA agree new priorities to strengthen their collaboration on medicines

Senior officials from the European Commission (EC – DG SANTE), EMA and the United States Food and Drug Administration (FDA) held their 2020 bilateral regulatory dialogue meeting on 18 and 19 June. During this virtual two-day meeting, the authorities reviewed their ongoing joint initiatives, discussed strategic priorities for the coming years and identified areas where […]

Global regulators work towards alignment on policy approaches and regulatory flexibility during COVID-19

The International Coalition of Medicines Regulatory Authorities (ICMRA) convened a virtual meeting of regulators from around the world on 14 May 2020 to discuss high-level policy issues and regulatory requirements to respond to the ongoing COVID-19 pandemic. The strategic meeting underlined the need and commitment by global regulators to cooperate and align their approaches to […]