Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
The European Union created a fund
Stock Market

The European Union created a fund of 5 billion euros to help businesses

13.05.2022
2 min read

The EU will help businesses that suffered losses because of Brexit

Despite the fact that Britain’s exit from the European Union went quite smoothly and without striking confrontations, its negative consequences are still tangible. The most acute issue for the parties was trade relations, and it took a long time for representatives of the Kingdom and the EU to reach an agreement on this issue. Now everything has been settled at the legislative and diplomatic levels, and cooperation between the countries has been established. To eliminate all the losses of business representatives associated with Brexit, the EU has created a fund to compensate for the inconvenience to businessmen.
The idea to create such a reserve was put forward in the summer of 2021. The fund, designed for 5 billion euros, should help overcome unforeseen economic problems that have arisen or may arise due to Brexit. The money from the fund will be allocated for the regions that suffered the most as a result of Britain’s exit from the EU. Part of the funds will also go to vulnerable sectors of the economy.
The fund provides support to both public and private companies, which have felt the disruption of trade supplies, increased costs for various customs procedures and transport operations.
The fund created by the EU not only compensates for the losses that Brexit brought to business, but also for the support of entrepreneurs who faced problems as a result of the pandemic as well.The European Union created a fund of 5 billion eurosThe transitional period of Britain’s exit from the EU ended on January 1, 2021, and during the same period a number of laws came into force, the rest began in October. So far, however, the kingdom has been building new relationships with various countries.
Not long ago, the UK entered into a trade agreement with three states – Iceland, Liechtenstein and Norway. Representatives of the parties are confident that the agreements will increase the volume of trade, which already amounts to 21.6 billion pounds. In addition, the countries are working on projects that will create new jobs. It should also be noted that the signed agreement had items that regulate digital trade and processes in small businesses. So far this is the first time such issues are included in the agreement between the states. These chapters significantly simplify the paperwork. All papers and contracts can be drawn up electronically, which significantly speeds up the procedure of transit of goods across borders.
In addition, the new agreement revises tariffs for exports of British goods. The rates were reduced for a number of categories of products; wine, cheese, meat and others are included in this list. In addition, the parties simplified the rules for work visas, and now the qualifications of a citizen of one party will be recognized in the other without additional checks.

Tags: Stock Market
0
Previous Post El Salvador has made bitcoin the state currency: what it means for the country Next Post Artificial intelligence: applications for banking

You Might Also Like

co-working network Wework
Stock Market
The co-working network WeWork plans to become a public company through SPAC
14.12.2021
Major global companies
Stock Market
The world’s major companies showed record growth dynamics of capitalization
22.02.2022
Finance in Spain
Stock Market
Spanish financials: securities market characteristics
02.07.2020
SMIC
Stock Market
Chinese company SMIC wants to attract 6.55 billion dollars through the sale of shares
19.03.2021
billionaire woman
Stock Market
First female billionaire from Africa: professional plans related to the Russian market
31.08.2020
place shares in the stock exchange
Stock Market
Russian companies Ozon and ivi want to list their shares on the US Stock Exchange
17.06.2021

Recent Posts

  • 1How IT is used in banks
    How IT in banks helps transform the sector
    24.05.2022
  • 2Development of the financial sector-1
    Development of the financial sector in terms of DeFi potential
    23.05.2022
  • 3export volumes
    India’s export volumes rise to record levels
    22.05.2022
  • 4Ma Huaten
    Who is Ma Huateng: a professional history
    21.05.2022
  • 5Lenovo Group
    Lenovo Group: the history of the famous electronics brand
    20.05.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Freedom Finance: how promising value stocks are

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

guidelines for cryptocurrency exchanges
Canada releases guidelines for cryptocurrency exchanges
25.05.2022
How IT is used in banks
How IT in banks helps transform the sector
24.05.2022
Development of the financial sector-1
Development of the financial sector in terms of DeFi potential
23.05.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Freedom Finance: how promising value stocks are
  • American trader Stephen Cohen: The businessman’s success story
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics