European Parliament Passes Landmark Directive on Platform Workers' Rights
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
Every year 200,000 enterprises in the EU go bankrupt which results in the loss of 1.7 million jobs. In many cases this can be avoided, announced the European Commission.
The EC has proposed unified standards in the restructuring of enterprises in the 28 member-states. During the reform procedures for a given firm with financial problems, its employees will be given additional guarantees that they will keep their jobs.
Brussels wants more efficient procedures with respect to insolvency and debt cancellation which will reduce red-tape and protracted legal suits.
The heads of small and medium-size ventures will be given a second chance to revive them and keep their staff. The draft directive stipulates that entrepreneurs will be able to start their businesses again via unconditional cancellation of their debts for a maximum period of three years.
“At the moment, every second European says that they do not want to start a business because of fear of failure,” explained European Commissioner for Justice Věra Jourová.
The proposal is also aimed at greater financial stability – thanks to the new procedures for restructuring, the number of firms which cannot service their credits to banks will be reduced.
The directive will be reviewed by the governments of the member-states and the European Parliament.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
Concerns are mounting within the European Parliament regarding potential Russian interference in the forthcoming parliamentary elections, coupled with apprehensions surrounding Russian-owned properties in Bulgaria
A dire situation looms over European airspace as thousands of passenger planes, predominantly ferrying tourists, find themselves ensnared in a perilous web of Russian jamming attacks, leaving them disoriented and vulnerable mid-flight.
In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022