Kinoobzor Fri, 04 Jun 2021 22:29:16 +0000 en-US hourly 1 Kinoobzor 32 32 Teachers approach summer with a “feeling of failure” Fri, 04 Jun 2021 21:06:43 +0000

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Technology drives Wall Street up

Tech stocks pushed Wall Street higher on Friday as investors hailed a lukewarm jobs report that cooled inflation fears. The data indicated that the labor market was improving, but the report was not strong enough to point to rising inflation that could prompt the Fed to raise interest rates. Rational Dynamic Brands Funds portfolio manager Eric Clark said the payroll increase of 559,000 in May was perfect for investors. “It’s more about the potential Goldilocks scenario where interest rates don’t have to go up and the Fed doesn’t have to move too quickly and you know tech stocks have sort of been, you know, unloved lately, with underperforming growth stocks. So I think that’s a bit of a sigh of relief. “The Dow Jones added half a percent. The S&P 500 was up nearly nine-tenths of a percent, ending within a hair’s breadth of a new closing record, as the Nasdaq jumped 1.5 percent. All three indexes made gains on the week. Top-flight AMC stocks Entertainment ended a mad week of trading with more gyrations, falling almost 7%. Yet they managed to nearly double in the last five days alone. Shares of billionaire Williams Ackman Pershing Square Tontine Holdings fell of 12%. He is in talks to buy 10% of the bigger and world label, Universal Music Group, which is home to artists like Taylor Swift and Lady Gaga.

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Where can you find information about the company in France? – Company / Commercial law Fri, 04 Jun 2021 12:14:25 +0000

France: Where can you find information about the company in France?

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In this article, we will focus on the company information that is publicly available for companies registered in France.

What is the national register of companies in France called?

In France, information on companies is held by different organizations.

Infogreffe holds information on companies registered in the Trade and Companies Register with the Commercial Courts. You can access the Infogreffe site using the following link:

The National Institute of Industrial Property (INPI) holds information on companies registered in the Trade and Companies Register with other jurisdictions (district courts competent in matters of commerce, mixed commercial courts in the departments and territories of ‘overseas). You can access the INPI website via the following link:

The INPI site is only available in French and is mainly focused on intellectual property, the promotion of innovation and the protection of innovative ideas.

The Infogreffe site provides centralized access to information from the trade and company register. It is available in French and English and is therefore your best starting point for researching information on a French company.

What does Infogreffe cover in France?

Infogreffe was created in 1986 and its mission is to provide Internet access to data concerning companies.

According to the Infogreffe site, the files of more than 3.2 million French companies are available on the Infogreffe site. You can search the Infogreffe site for a company if you know the name of the company or its SIREN number (its identification number).

Infogreffe makes the following information on companies freely available to the general public:

  • Summary sheets for companies, this includes the address of the company’s registered office, the commercial court with which the company is registered, the legal form of the company (see below), when the company has been registered for first time and its registration number. You will also see a summary of the main activities of the company and find out how many official documents have been filed for the company (but to view them you will have to pay a fee);
  • Key company figures, this includes historical data related to turnover, profit / loss and headcount (but you will have to pay a fee to view the annual accounts themselves)
  • Implementation of the follow-up of a named company. You can use Infogreffe to set up a tracker for a company and receive automatic alerts when an event occurs (this can be the filling of annual accounts, the opening of collective proceedings or a modification of the registration in the Register. of Commerce and Companies). You will have to pay a fee if you choose to view or order the documents mentioned in the alert; and
  • Lists of statutes and acts of the company available against payment.

Infogreffe also allows businesses in France to register their business online and updates various formalities guides and downloadable forms and templates.

What other information is available?

Other information, held by Infogreffe, is available against payment of a fee as follows:

  • certificates of incorporation;
  • information on the company’s securities allowing an understanding of the level of indebtedness and the financial health of the company;
  • detailed annual accounts including the balance sheet, income statement, accounts receivable and payable of the company;
  • articles of association and acts of the company;
  • the list, in chronological order, of significant events that have occurred during the life of the company; and
  • information on bankruptcy, judicial liquidation or administrative procedures concerning the company.

What are the different types of companies in France?

The main commercial companies in France have one of the following structures:

  • a SAS is a simplified joint stock company, that is to say a simplified joint stock company generally used by small and medium-sized enterprises;
  • a SARL is a limited liability company, that is, a limited liability company again generally used by small and medium-sized enterprises; and
  • a HER is a public limited company, that is, a classic joint stock company generally used by large companies.

These three structures offer their shareholders limited liability protection up to the amount of their participation.

It is also possible to register a SE(European Company), which means a public limited company registered in accordance with European Union company law. However, this is very rare in France and a current example is Christian Dior.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Company law / French commercial law

Contractual clauses from A to Z – Key terms for your contracts

Lawrence Graham LLP: Business and Technology

Navigating a commercial contract and appreciating its implications, both legal and practical, can be a daunting task. This article provides an overview of key clauses typically found in a standard commercial contract and examines the implications of these clauses for contracting parties.

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Bamboo Airways is recruiting representatives for its US office Fri, 04 Jun 2021 12:00:00 +0000

Bamboo Airways is seeking to fill positions such as Head of Representative Office in the United States, Commercial Director, Chief Financial Officer, Office Manager and Station Manager at San Francisco International Airport and Los Angeles International Airport, etc.

The head of the Bamboo Airways representative office in the United States would be responsible for the management and operation of all activities, integrating business development, customer service, diplomacy, marketing and media activities.

Several requirements for the Representative Office Manager application are 10 years of aviation experience, excellent business mindset, exceptional organizational skills, negotiation, financial management, statistical analysis and problem solving, a bachelor’s degree in business administration or related fields, a proficiency in English, etc.

Personnel working in the Bamboo Airways representative office in the United States must understand and comply with the law and aviation business in the host country.

Bamboo Airways plans to operate modern widebody Boeing 787-9 Dreamliners on non-stop charter flights to the United States. Photo by Bamboo Airways.

The opening of the Bamboo Airways representative office in the United States is seen as preparation for the operation of non-stop charter flights between Vietnam and the United States. The airline will take action to operate scheduled non-stop flights as soon as the government allows the reopening of international trade routes.

After the start of operations, Bamboo Airways’ representative office in the United States would make a substantial contribution to the expansion of its international network, as well as authorized representative and general agent offices in international markets that the airline operates such as Japan, South Korea, Taiwan, Czech Republic, Germany, Thailand, Singapore, etc.

Dual purpose

Bamboo Airways was officially designated to operate charter flights to the United States in May 2021. The airline has acquired slots to operate scheduled non-stop flights between Ho Chi Minh City and San Francisco and Los Angeles from the 1st September, becoming the first Vietnamese carrier to secure non-stop flight slots in the United States.

At San Francisco International Airport, daily flights between Ho Chi Minh City and the United States are scheduled to land at 10 a.m. (local time) and depart at 1 p.m. (local time). Whereas the landing and take-off times for daily flights at Los Angeles International Airport are 9:30 am (local time) and 12:30 pm (local time) respectively.


Bamboo Airways cabin crew are strictly selected and trained based on many standard professional criteria. Photo by Bamboo Airways.

To date, Bamboo Airways has met the technical requirements for non-stop charter flights to the United States with the Boeing 787-9 Dreamliner widebody fleet, approved by the Vietnam Civil Aviation Authority.

Regarding legal procedures, Bamboo Airways has obtained a license from the United States Department of Transportation to operate non-stop charter flights to the United States. It is also

work with the US Transportation Security Administration (TSA), the US Department of Customs and Border Protection, and relevant authorities to complete procedures.

The Department of Transportation said the operation of charter flights by Bamboo Airways to the United States is a contribution to the repatriation of Vietnamese citizens and the travel of foreign diplomats, investors, experts and high-tech workers to Vietnam; bring the airline closer to its dual objective of preventing the pandemic and developing the economy.

“This serves as a springboard for Bamboo Airways to conduct scheduled flights to the United States in the future and promote economic and trade cooperation between Vietnam and the United States,” said the head of the Department of Transportation. (giữ quotes thì cần tên và chức vụ)

Bamboo Airways currently operates more than 60 domestic routes, carrying 7.5 million passengers, reaching 20% ​​market share, doubling in just one year. The airline expects to occupy a 30% market share in Vietnam this year. It also maintained the highest one-time flight rate in the Vietnamese aviation market in three years until 2021, with an absolute safety rate of 100%.

Bamboo Airways pre-tax profit reached VND 400 billion in 2020. The airline sets a target of VND 500 billion pre-tax profit for 2021, an increase of 25% from the same period last year .

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The 15 best gaming destinations in the world, a travel guide Fri, 04 Jun 2021 11:03:24 +0000

Are you a gaming fan getting ready for your next trip? How about combining the best of both worlds? This article presents the top 15 destinations for gamers around the world. Each city offers tourist attractions and land play facilities that you will enjoy. Feel free to check out the definitive list of the best gaming destinations in the world and find your favorite…

Photo, Kyle Cut Media.

The cap: African gambling laws vary across this continent. But if you want a great gaming destination, your next visit should be to South Africa. You can find a SA online casino, but also many land-based casinos, racetracks and sports betting establishments. Cities like Cape Town offer a great mix of places to play and places to visit as a tourist. Cape Town is the country’s legislative capital. It offers dazzling beaches where you can surf and watch penguins. Mountain biking enthusiasts will appreciate the fantastic nature that surrounds the city. The Farmers’ Market is unique, and don’t forget to try the local cuisines at the restaurants downtown.

Johannesburg: Many describe Johannesburg as the city of gold. It’s more populated than Cape Town, which is why it is famous as its younger, cooler brother. Montecasino and Emperors Palace are just a few casinos available in Johannesburg. You can stop and play roulette while walking around the city. If you want the full gaming experience, find a resort and stay in luxury apartments while enjoying top-notch casino games.

Barcelona: Architecture enthusiasts often put this Spanish city on their must-see list. Barcelona is often part of the descriptions of living places in literature, as it is a perfect place for wheelchair travel. Besides impressive structures, you can also enjoy the magnificent Barcelona Casino. This facility is not only about the game, but also the exquisite food and exclusive music events. It’s a great place to relax once you’ve finished sightseeing. It is interesting to note that you will also find many bingo halls all over Barcelona.

Monte Carlo: If you are from Europe, you have probably heard of the casinos in Monte Carlo. It is a luxury tourist destination with high-end gaming complexes. You will often meet celebrities from various countries on vacation and playing casino games here. While you can enjoy Monaco as a casual player, it is a particularly attractive destination for big players.

Amsterdam: Our European tour takes us to Amsterdam. The largest city in the Netherlands is famous as “the city of sin. “It’s appealing to young adults and those who want to maximize fun while traveling. Gaming fans will appreciate the large number of casinos available in Amsterdam. You can play everything from slots to live blackjack and poker.

The 15 best gaming destinations in the world

Photo, Isabella Jusková.

Prague: Prague is the capital of the Czech Republic with an impressive history. The impressive Prague Castle was originally built in the 9th century. You can explore the old town and visit amazing historical monuments like the Old Synagogue and the Astronomical Clock. As you walk through the center, you will come across many casinos. These usually have a glamorous look and feature plenty of gaming tables, including those with live dealers.

Paris: The first association when it comes to Paris is romance. Walking along the Seine and visiting the Eiffel Tower sounds like a great honeymoon. Those who are lucky enough to meet a partner who loves to play, you would love Paris. Many world-famous casinos have opened their branches in the French capital. And if you are a roulette fan, you will have the chance to play this game in the country where it was invented.

The 15 best gaming destinations in the world

Photo, Simon Zhu.

Macau: China understands how tourism works. This is why they have projected Macao as a region dedicated to gambling. It is a true haven of peace with specific legislation which allows casinos to offer their services to players. More than 30 gambling establishments are located in Macau. Of the 20 largest casinos in the world, you will find seven in Macau. This includes franchises like MGM and many other high-end gaming complexes and hotels.

Singapore: Singapore is a city, state and island in one. It is an impressive country with a booming economy. No wonder 32 Singaporeans found their place in the Forbes Annual List of Global Billionaires. The city has a rich gambling culture with upscale resorts that offer large gaming areas. Although gambling didn’t become legal until 2005, it didn’t take long for Singapore to become an attractive destination.

Aruba: Aruba is a good choice for those looking for a real rest. It is an island located in the Caribbean, a region famous for its beaches. You will love the white sands and the crystal clear sea. Gambling is legal in Aruba, and many casinos are open 24 hours a day. This makes play facilities the most tempting destination after sunset.

San Juan: Did you know that Puerto Rico means “rich port”? It is no coincidence that this city has a lot to offer. History buffs will love San Juan’s impressive architecture, and nature lovers will enjoy the El Yunque National Forest. There are many beaches where you can enjoy the sun and swim in the magnificent sea. And the Puerto Ricans haven’t forgotten the players. There you will find dozens of establishments, which often offer tempting promotions and organize special events.

Las Vegas: You can’t imagine a list of the best gambling destinations without Las Vegas. Everyone has heard of this city, which currently has over 70 casinos. This includes the most reputable franchises like MGM, Bellagio, the Venetian, etc. The city also offers some of the largest hotels and resorts in the world. If you are a real gamer, Las Vegas is a destination to visit at least once.

Reno: Reno is in the state of Nevada, as is Las Vegas. If you don’t like the hustle and bustle of Sin City in the United States, how about trying this alternative? Reno offers more than 20 casinos, such as Eldorado Resort, Atlantis Casino Resort Spa, etc. There is a river walk in the middle of the play strips, and the National Automobile Museum may also be worth a visit.

Atlantic City: This is another popular gambling destination in the United States. It is a part of the state of New Jersey and the # 1 option on the East Coast. Although the number of casinos is not as impressive as in Nevada, you will still find facilities to visit. And don’t forget to visit the famous Boardwalk, which is also the city’s famous attraction.

Shreveport: Shreveport is in Louisiana, and it’s perfect for those who want to visit the southern United States. Nostalgic gamers will enjoy visiting the river casinos. If you prefer hotels, there are plenty of gaming complexes in Shreveport. The city is also famous for horse racing, and you can watch and bet on the races.

It doesn’t matter which continent you are heading to because you will find casinos everywhere. However, the cities listed in this guide offer a premium gaming experience. Don’t hesitate to include them as a potential destination for your next trip.

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Apartment for rent, 2 + 1 – 1 bedroom, 49m2, in Prague, on Slezská street Fri, 04 Jun 2021 08:35:53 +0000

Slezská, Prague 3 – Vinohrady

A bright apartment facing a quiet courtyard is located on the ground floor of an apartment building in Vinohrady. There are large windows which makes it very bright. The apartment consists of an entrance hall, which includes a kitchen equipped with an electric oven, a hood and a refrigerator, from the hallway you enter two separate impassable rooms. Both rooms face a quiet courtyard with a garden, which is accessible to tenants. In the garden it is possible to plant herbs or flowers. The bathroom with tub, pantry and toilet are accessible from the hallway. The floors are wooden parquet, the bathroom and the toilets are tiled. Available immediately. The commission of the real estate agency is one month’s rent + VAT, and the deposit is set at one month’s rent.

Offer ID 125330
Last update 04.06.2021
Price 15,900 CZK
Price for discussion No
Price commentary charges: 600 CZK per person + electricity and gas
state Good condition
Type of construction Brick
The possession Staff
Furniture No
Floor 1
Usable area 49m2
Garage No
Car park No
Cellar Yes
Balcony No
Terrace No
Loggia No
Elevator Yes
Swimming pool No
Heater Gas plant
Attics (attics) No
Low battery No
Energy class G – Exceptionally uneconomical

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Portsmouth and Durham consider ending mask warrants Thu, 03 Jun 2021 21:16:41 +0000

Mask warrants appear to be running their course in New Hampshire.

Councilors for Portsmouth and Durham will next week consider proposals to reduce or completely cancel mask warrants in those communities.

The proposals come amid a steady decline in Covid-19 cases across the region and state as more people get vaccinated and receive new guidance from the federal government.

Officials from the United States Centers for Disease Control and Prevention have suggested it is safe for fully vaccinated people to forgo masks in public.

The proposal under consideration in Portsmouth would eliminate the requirement for interior and exterior masks which has been in place for much of last year. Companies would have the option of continuing to require the wearing of masks on their premises.

“It’s time for us to comply with CDC guidelines,” Mayor Rick Becksted said in an interview, noting that Portsmouth is one of the last communities in New Hampshire to require face coverings in all settings. “There are recommendations and people should have a choice. “

It is not yet clear how the council will come up with the issue of masks. Becksted expects strong support for removing the mandate in its entirety, but expects a healthy debate on a compromise proposal to keep the domestic rule in place until June.

The city’s health official and several reopening task forces established by the mayor are supporting a compromise that would keep the mandate in place until June for interior spaces only.

Portsmouth City Council held a first debate on Tuesday evening on the new draft mask ordinance.

Councilor Cliff Lazenby is open to such a compromise. He said the additional three weeks would give more residents a chance to be fully immunized, especially 12 to 15-year-olds who were cleared to receive the Pfizer vaccine more recently.

Teens who are older in this age group, Lazenby said, will likely be working downtown this summer.

“I can see why it makes sense to consider this,” Lazenby said in an interview. “We would have fewer people exposed and more people vaccinated by the end of June.”

Renters of the Chamber Collaborative of Greater Portsmouth said its members had different views on the masks’ mandates.

Some business owners are tired of the battle at the door and the abuse of their staff members to enforce the city ordinance, while other owners are concerned about the health of their unvaccinated staff. said Ben VanCamp, chief associate and chamber president.

“Both of these positions have a lot of merit,” VanCamp said in an email. The Mayor’s Blue Ribbon Committee on Arts and Nonprofits and the Mayor’s Blue Ribbon Committee for Portsmouth 2021 reopen have urged council to maintain indoor mask mandate until the end June while eliminating the mandate for outdoor masks now. The Chamber Collaborative supports this position as it enables a comfortable environment for visitors to our community and assists business owners in their efforts to protect their staff.

What’s going on in Durham, where many UNH students have returned home for the summer, while many who live off campus are still in town?

Durham, meanwhile, will debate ending the emergency ordinance which includes the use of masks in municipal buildings. City councilors last month decided to eliminate the exterior mask requirement and suggest, rather than require, interior masks.

The current mask rule in Durham will remain in effect until June 30 without council action.

“UNH is largely postponed for the summer, the number of cases is now low in Durham and falls in the Seacoast area, and the CDC has indicated that those who have been fully vaccinated over 14 days have strong immunity. against the virus, ”Durham City Administrator Todd Selig said.

Manchester and Nashua, the state’s largest cities, recently lifted mask requirements.

Concord’s mask rule expired on June 1.

See striking photos of the tourism industry during COVID-19

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Cushman & Wakefield’s 2021 Global Logistics Outlook Has Supply Chain Management Implications Thu, 03 Jun 2021 19:53:21 +0000

Cushman & Wakefield, one of the world’s leading real estate services companies, recently released its Global Logistics Outlook 2021. The report analyzes key factors affecting growth, global leasing dynamics and provides outlook for the industry.

“The unprecedented disruption caused by the COVID-19 pandemic and changing consumer behaviors has reshaped the future of the logistics industry by exposing vulnerabilities in the global supply chain and accelerating technological advancements. . As a result, various global trends have emerged, propelling the industry into new directions, ”said Jason Tolliver, Investor Lead, Logistics & Industrial Services, Americas, of Cushman & Wakefield.

North America

The North American industrial market has grown despite the COVID-19 pandemic wreaking havoc around the world, as well as more local disruptions including hurricanes and wildfires. It has once again proven to be one of the most resilient types of assets. Although the new North American supply exceeded demand for the second year in a row, with 378 million square feet (msf) of completions, demand reached 287 msf, exceeding 200 msf for the seventh consecutive year.

“The lockdowns induced by COVID-19 led to a slight slowdown in demand in the first half of the year compared to previous years. However, even that, combined with the large volume of supply, has still not been enough to fully meet tenant demand and allow vacancy rates to start rising significantly, ”Tolliver said. “Towards the end of 2020, the industrial vacancy rate in North America stood at 4.9 per cent, an increase of just 30 basis points from 2019, and Canadian markets recorded vacancy rates. vacancy lowest at 2.5% and Mexico City at 3.0%.


“The logistics industry in Europe is grappling with supply constraints, resulting from a combination of a lack of developable land and strict planning regimes. Unlike the pre-global financial crisis (GFC) where speculative development accounted for around 80% of new builds, post-GFC was characterized by predominantly custom-built development that resulted in severe supply shortages in most of the main European logistics markets. . As speculative construction resumed after the closures, more products entered the market, pent-up demand was released and rental activity accelerated, ”said Lisa Graham, EMEA industrial research manager for Cushman. & Wakefield.

Based on year-end data, vacancies continue to decline in most major European logistics centers. A vacancy of around 4% on the Dutch and British markets and a vacancy of around 2% in Rotterdam, Lyon, Prague and Budapest, testify to a serious shortage of stock that, so far, an increase in speculative construction could not compensate. Additionally, increased demand from online retailers and 3PLs, as they expand their logistics footprint, offset vacancies created by tenant bankruptcies in 2020.


In general, the regional industrial market remains resilient. Of the 34 key markets covered in Asia Pacific, 15 are considered owner-friendly, six are tenant-friendly and the remaining 13 are neutral territory. The status quo has been largely maintained since the start of the year, with only Singapore showing a significant shift to become more tenant friendly, although this is limited to parts of the industrial market. This is in stark contrast to the office sector in the region, which has seen a much more definitive shift towards more tenant-friendly conditions.

“Industrial rents have shown steady growth since the start of the year in the main markets of India and Southeast Asia, where rents in Delhi, Ho Chi Minh City, Kolkata, Jakarta and Hanoi all grew by more than 2.5%. Rents remained broadly stable in Australia as they saw a slight increase of 2% in the Chinese logistics market, due to increased demand for online shopping absorbing some of the vacancy, ”said the Dr Dominic Brown, Global Head of Demographic Analysis. , APAC manager for Cushman & Wakefield.

“The global logistics industry not only demonstrated resilience during the tight shutdowns in the first half of the year, but also benefited from consumer and business responses to the pandemic in the second half of the year. The expansion of e-commerce, both geographically and by product line, will be a key driver of new demand for space over the next decade, ”Tolliver said. “In a post-COVID-19 world, more emphasis will be placed on using real estate to leverage costs across the entire supply chain, better positioning businesses as they navigate in a B2C business model, relocation, inventory management, labor issues, transportation and ESG. . Together, these factors will govern the localization strategy.

Brown told SCMR in an interview that “demand drivers” highlight gaps in supply chains that can potentially be filled by the expanded range of logistics asset types.

“To the extent that supply chains link production to consumption, these gaps can be in the same region or in several regions,” he concluded.

About the Author

Patrick Burnson, Editor-in-Chief Mr. Burnson is a writer and publisher of numerous publications specializing in international trade, global logistics and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. He can be contacted at his office in the city center: [email protected]

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MEPs step up pressure on Commission to take action on rule of law violations Thu, 03 Jun 2021 18:18:10 +0000

Hungary and Poland are two member states that have consistently found themselves at odds with the EU over alleged rule of law violations in various areas, including the judiciary and press freedom violations.

But MEPs also want similar action taken against the Czech government for its alleged failure to resolve a conflict of interest surrounding its prime minister.

If the clause were triggered, it would lead to the imposition of various sanctions, including the suspension of voting rights and possibly the suspension of EU funding.

The Renew Europe group went further and offered to take legal action against the Commission itself for ‘failing’ to activate the conditionality clause so far.

He tabled a parliamentary resolution, which will be voted on by MEPs at their plenary session in Strasbourg next week, calling for legal action.

Renew Europe is confident that a sufficient number of MEPs will support its request.

A spokesperson said: “Renew Europe is ready to build a majority in Parliament for a resolution to take the Commission to court and we call on other political groups to join us. “

Renew Europe says it is “fed up with constant delaying tactics and buying time,” adding that the rule of law conditionality mechanism has been in effect since January 1 and “needs to be implemented quickly.”

“The situation in a number of member states needs to be examined and action taken without delay,” the group said.

Next week’s vote comes just ahead of the June 22 General Affairs Council meeting to discuss the current situation in Hungary and Poland.

“The Commission is not the only ‘guardian of the Treaties’ and where there are serious threats to European values, Parliament can and must act. More than ever, the Council must urgently assume its responsibility to protect the rule of law and to take action against Hungary ” Gwendoline Delbos-Corfield, Verts / ALE

Renew Europe leader Dacian Cioloș said: “We fought tooth and nail to establish the rule of law conditionality mechanism, which creates a link between respect for the rule of law and funding from the EU.

“Parliament gave the Commission the deadline of 1 June to apply the regulation which has been applicable since 1 January. Now that the deadline has not been met, our group intends to push for the triggering of Article 265 of the Treaties in order to prosecute the Commission for its inaction.

The Romanian MEP added: “The credibility of the EU is at stake. We are committed to the European citizens who now expect us to be consistent. It is urgent to take action.

Her colleague Katalin Cseh, co-rapporteur of the resolution, said: “Renew Europe will not back down until the mechanism has been properly implemented. By delaying its implementation, the Commission is playing into the hands of autocrats like Viktor Orbán who wish to use our historic Stimulus Fund for its own financial gains, supporting the oligarchs and their family members ahead of the 2022 elections. “

She added: “Waiting for the adoption of the guidelines before June 1 was already a generous compromise on the part of Parliament, but even this extended deadline has passed. Therefore, we must hold the Commission accountable for inaction before the European Court of Justice. We have said it loud and clear, and we will say it again: the age of procrastination is over.

MEPs from other groups also criticize the Commission, with French Green MEP Gwendoline Delbos-Corfield, Parliament’s rapporteur for the situation in Hungary, saying: “The Commission is not the only ‘guardian of the treaties’ and when there is has serious threats to European values, Parliament can and must act.

“More than ever, the Council must urgently assume its responsibility to protect the rule of law and to take action against Hungary.

She continued: “The rule of law in Hungary is deteriorating day by day. The Fidesz government’s deliberate strategy to dismantle democracy and undermine fundamental rights affects all citizens and has started to spread to other EU member states. Hungarian and European citizens deserve to know that their rights will be supported and protected by all EU institutions.

Moreover, the Commission has been called on to take action against the Czech government after a recent audit revealed that there had been a conflict of interest involving its Prime Minister, Andrej Babiš.

“We fought tooth and nail to establish the rule of law conditionality mechanism, which creates a link between respect for the rule of law and obtaining European funding… Now that the deadline has passed. not respected, our group intends to push for the triggering of article 265 of the treaties in order to take legal action against the Commission for inaction ”

Dacian Cioloș, leader of Renew Europe

In a draft resolution adopted on Wednesday by 26 votes in favor and none against, the Committee on Budgetary Control called on the Commission to address a conflict of interest alongside reports of Babiš’s influence over the Czech media and the judiciary .

MEPs said they wanted any alleged rule of law violation to be investigated and, if confirmed, the conditionality clause activated.

In a report, MEPs underlined the Czech government’s “lack of initiative” in dealing with the conflict of interest situation and the Czech government’s attempts to legalize Babiš’s conflict of interest.

MEPs also expressed concern over political pressure on the independent Czech media as well as the resignation of the Attorney General, who cited pressure from the Minister of Justice as the reason for his resignation.

MEPs consider it “unacceptable” that Babiš continues to participate in Council negotiations on the EU budget and programs, including negotiations on the common agricultural policy, while continuing to receive agricultural payments from the EU. ‘EU via the companies of the Agrofert group.

German EPP member Monika Hohlmeier said: “It is unacceptable to see how oligarchic structures have developed, consolidated and enriched thanks to Czech European and national funding.

“MEPs cannot, and Member States must not allow people with a clear conflict of interest to decide on the programming and distribution of common agricultural and cohesion funds.

“Billionaires should no longer be able to receive hundreds of millions of EU grants.”

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Czech minority coalition government faces no-confidence vote Thu, 03 Jun 2021 08:51:53 +0000

PRAGUE (AP) – The Czech coalition government led by populist Prime Minister Andrej Babis faced a parliamentary vote of no-confidence on Thursday over its handling of the coronavirus pandemic.

Five opposition parties have also called for the vote as prosecutors seek to indict Babis with alleged fraud involving European Union funds. A recently released EU report concluded that Babis had a conflict of interest over EU subsidies involving his former business empire in a separate case.

Babis denies any wrongdoing.

Opposition lawmakers also criticized the government for failing to secure sufficient support for the country in its diplomatic dispute with Russia over the alleged involvement of Russian spies in the massive explosion of an ammunition depot in 2014.

Babis’ centrist ANO (YES) movement is in a minority government with the left-wing Social Democrats. He recently lost the support of the Communist Party.

But the opposition does not have enough votes to overthrow the government after the Communists indicated they had no intention of voting against the government.

If the opposition is successful, President Milos Zeman has said he will ask the government to stay in power until a parliamentary election scheduled for early October.

The Czech Republic has been one of the European countries hardest hit by the pandemic. The nation of 10.7 million people had nearly 1.7 million confirmed cases with more than 30,000 deaths. The drop in the number of new cases recently has allowed the government to relax its restrictions on coronaviruses.


Follow all of AP’s pandemic coverage on:

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Insight – Europeans set for costly summer as prices test central bankers’ resolve Thu, 03 Jun 2021 00:34:34 +0000

EUROPEANS brace for a costly summer that will test central bankers’ resolve for stimulus as the region’s delayed economic recovery sparks growing demand.

The question for officials from Frankfurt to Warsaw is whether the acceleration in inflation will last long enough to alter long-term expectations of businesses and households. If so, it could create a self-reinforcing cycle in which higher prices lead to higher wage demands – despite high unemployment – which fuel price increases even more.

Price pressures could also embolden central bankers who believe policy has been too loose for too long, by holding potentially strained rate-setting meetings later this year. While the official line is that the inflationary spike will be temporary, recent data is fodder for those worried about the risk of being wrong.

“All cyclical and structural factors add up and point to a trend reversal,” said Gertrud Traud, chief economist at Helaba in Frankfurt.

“Once German inflation hits 3%, the unions will ask, ‘What about the workers? “”

At the ECB, whose job is complicated by managing by far the region’s largest currency area, with divergent growth prospects in different members, officials insist that supply shortages will be overcome and that year-to-year price changes will ease. figures on the front page.

The prospect of faster inflation was evident in a series of reports on Tuesday, after factories raised prices at the fastest rate in nearly two decades due to rising costs and dwindling inventories.

It fuels the buyers. Consumer price growth reached 2% in the euro area – technically above the European Central Bank (ECB) target – for the first time since 2018.

In Poland, it was more than double. The Bundesbank estimates that German inflation could reach 4% this year.

The reading of 4.8% in Poland – which is not part of the euro zone – highlights growing risks. Authorities fear that 5% may be a tipping point fueling public inflation expectations, according to people familiar with the thinking of the central bank and government officials.

There are few signs that the squeeze in global supply is easing. Asian manufacturers, component makers for much of the world, slowed down activity last month as countries battled virus outbreaks.

Several factories in Thailand have temporarily closed to stem outbreaks, Taiwan has reported record weekly deaths from the virus and Malaysia has started a two-week nationwide lockdown.

In Europe and elsewhere, the increase in bankruptcies when tax support to businesses is removed could exacerbate supply problems.

The Organization for Economic Co-operation and Development (OECD) said this week that while global price pressures are expected to ease towards the end of the year, there are “upside risks” in the longer term.

The ECB staff forecast in June is unlikely to show anything that would prevent another quarter of a pandemic emergency purchase program or PEPP purchase.

In March, they had core inflation well below the target over the forecast horizon, economists said.

Despite the impressive jump in Poland, the central bank believes that the surge in consumer prices is short-lived. It has so far chosen not to follow its regional peers, most notably Hungary and the Czech Republic, in signaling impending interest rate hikes.

Elsewhere, Iceland’s central bank last month became the first in Western Europe to tighten monetary policy since the pandemic by raising interest rates, thus acting at the head of a spike in inflation. Norway’s central bank has also indicated it is on track to start tightening.

At the ECB, whose job is complicated by managing by far the region’s largest currency area, with divergent growth prospects in different members, officials insist that supply shortages will be overcome and that year-to-year price changes will ease. figures on the front page.

Market-based measures indicate that price increases in the euro area will on average be below target for years to come.

Energy costs are an important factor compared to a year ago, as prices fell when travel was halted in 2020. The measure of core inflation in the euro area, which excludes l energy, food and tobacco, was much more moderate by 0.9%.

“I would be very, very surprised if Europe got a widespread price increase,” said Paul Donovan, chief economist at UBS Global Wealth Management.

“Should central banks tighten their policies because the price of toilet paper rolls suddenly went up?” No of course not.”

The persistent fear of central bankers is, however, a “de-anchoring” of inflation expectations. That would force them to consider tightening monetary policy – a tough decision when unemployment is above pre-pandemic levels and heavily indebted governments are dependent on low borrowing costs.

The alternative would be to let inflation soar for a while. This is arguably valid after the many years when price growth has been too weak, but it risks echoing a strategy of the 1960s that ended badly a decade later.

“Now is not the time to worry about inflation,” Angel Gurria, outgoing OECD president, told Bloomberg Television this week.

“Although it should always be kept in mind.” – Bloomberg

Paul Gordon and Alexander Weber write for Bloomberg. The opinions expressed here are those of the authors.

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