finances

Small and medium-sized enterprises in Moldova will be able to obtain investment loans through a new financial product “FACEM Impact”, administered by the Organization for the Development of Entrepreneurship (ODA), reports Logos Press.

Public procurement accounts for about 14% of the EU’s GDP, making it one of the most powerful tools for the EU to shape markets and move towards its political goals. However, a recent analysis by the European Commission has confirmed what many governments and companies had already guessed: the current system is not helping to simplify public spending procedures, make them more strategic and green. More than 75% of public contracts still do not include environmental parameters, so it is not surprising that current spending is so poorly aligned with the EU’s stated industrial and climate goals.

Ask a room of central bankers how many of them want a less stable financial system, and you will find that few (if any) will raise their hand. Ask how many of them support intrusive, costly supervision, endless box-filling and process-heavy enforcement, and the result will be the same. This contradiction is at the heart of the Basel Committee’s recent statement, supported by all members, including U.S. members, calling for the Basel III rules to be implemented “fully and consistently.”