COVID-19

01 Oct: Can aviation take-off again?

Editor’s Blog: Produced in collaboration with the EU Buzz team. 

The Covid-19 pandemic has touched almost all sectors of the economy. Some sectors have received more attention than others, some have received more financing than others. Pre-pandemic the global and European aviation sectors were booming, but economic stagnation, alongside the increased costs for new safety protocols, and unpredictable travel restrictions, mean that the aviation sector will now have significant challenges to overcome on its runway to recovery. Whatever our favourite airline, the industry will have to start by restoring passenger confidence in air travel and as tourism slowly restarts, and …

01 Oct: High risk of autumn surge in COVID-19 cases and deaths in countries with insufficient vaccination coverage, warns ECDC

(Source: European Centre for Disease Prevention and Control)

EU/EEA countries that have not yet achieved high enough COVID-19 vaccination coverage in their total populations, which are planning to relax non-pharmaceutical interventions during the next two weeks, run a high risk of experiencing a significant surge of cases, hospitalisations and mortality from now until the end of November. This is indicated by a new SARS-CoV-2 Rapid Risk Assessment published today by the European Centre for Disease Prevention and Control (ECDC).

The risk of experiencing a significant surge in cases, hospitalisations and mortality for the upcoming two months remains due to very high …

24 Sep: Uncertainty around TRIPS waiver. 

Editor’s Blog: Produced in collaboration with the EU Buzz team. 

With the debacle surrounding the global race for a vaccine against Covid-19, and the greed of wealthy nations to have it first, the issue of intellectual property rights (IPR) protection, especially relating to health, essential medicines and pharmaceuticals, should be top of the health agenda, and with a caveat, “to be addressed urgently”. Sadly, this is not the case, even in the multilateral fora. 

The World Trade Organization (WTO) Agreement on Trade-related Intellectual Property Rights (TRIPS), is supposed to cover not only intellectual property rights, but also the rights of …

23 Sep: COVID-19: Council adds Chile, Kuwait and Rwanda and removes two countries from the list of countries for which travel restrictions should be lifted

(Source: Council of the EU)

Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the Council updated the list of countries, special administrative regions and other entities and territorial authorities for which travel restrictions should be lifted. In particular, Chile, Kuwait and Rwanda were added to the list and Bosnia and Herzegovina and the Republic of Moldova were removed from the list.

Non-essential travel to the EU from countries or entities not listed in Annex I is subject to temporary travel restriction. This is without prejudice to the possibility …

10 Sep: COVID-19: Council adds Uruguay and removes six countries from the list of countries for which travel restrictions should be lifted

(Source: Council of the EU)

Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the Council updated the list of countries, special administrative regions and other entities and territorial authorities for which travel restrictions should be lifted. In particular, Uruguay was added to the list and Albania, Armenia, Azerbaijan, Brunei Darussalam, Japan and Serbia were removed from the list.

Non-essential travel to the EU from countries or entities not listed in Annex I is subject to temporary travel restriction. This is without prejudice to the possibility for member states …

30 Aug: COVID-19: Council removes 5 countries and one entity/territorial authority from the list of countries for which travel restrictions should be lifted

(Source: Council of the EU)

Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the Council updated the list of countries, special administrative regions and other entities and territorial authorities for which travel restrictions should be lifted. In particular, Israel, Kosovo[1], Lebanon, Montenegro, the Republic of North Macedonia and the United States of America were removed from the list.

Non-essential travel to the EU from countries or entities not listed in Annex I is subject to temporary travel restriction. This is without prejudice to the possibility for member states …

19 Jul: Supervisory statement on the ORSA in the context of COVID-19

(Source: European Insurance and Occupational Pensions Authority (EIOPA))

The European Insurance and Occupational Pensions Authority (EIOPA) published today the supervisory statement on Own Risk and Solvency Assessment (ORSA) in the context of COVID-19 pandemic. With the aim to foster supervisory convergence, EIOPA in this supervisory statement focuses on the supervision of the internal processes of undertakings that are necessary for having a good quality ORSA in place.

Given that COVID-19 pandemic has already its impact on undertakings, EIOPA expects that most of them have captured such a scenario in their ORSA by now. For instance, some national supervisory authorities have also …

01 Jul: COVID19: Council adds 10 countries and one entity/territorial authority to the list of countries for which travel restrictions should be lifted

(Source: Council of the EU)

Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the Council updated the list of countries, special administrative regions and other entities and territorial authorities for which travel restrictions should be lifted. As stipulated in the Council recommendation, this list will continue to be reviewed every two weeks and, as the case may be, updated.

Based on the criteria and conditions set out in the recommendation, as from 1 July 2021 member states should gradually lift the travel restrictions at the external borders for …

24 Jun: Bonnes vacances! – Can it wait until 2030?

Editor’s Blog: Produced in collaboration with the EU Buzz team 

Travel industries and tourism sectors across the globe have been decimated by the Covid-19 pandemic. Incomes and jobs have been lost, summer holidays cancelled and, with the uncertainty remaining about travel restrictions, there seems to be no end in sight for this vital division of the economy.

Europe insists it is open again for tourism – Borderless Schengen zones at least will allow European citizens to reach European destinations for their vacations. The European Commission says that the “safe reboot of tourism in Europe is possible because of the concerted …

21 Jun: Germany: EIB Group and LBBW join forces to support small and medium-sized companies in the COVID-19 crisis

(Source: European Commission)

EIB Group synthetic securitisation will enable LBBW to lend up to €570 million to small and medium-sized companies in Germany in response to COVID-19The operation is backed by an EFSI guarantee under the Investment Plan for Europe

The European Investment Bank (EIB) Group has provided a guarantee of €95 million to Landesbank Baden Württemberg (LBBW). The guarantee will provide capital release for LBBW and enable Germany’s biggest Landesbank to provide new lending of up to €570 million to small and medium-sized companies. The transaction is expected to support smaller businesses in their recovery from liquidity shortages caused by the …