Business & Economy

October 3, 2022 Mediterranean Observer

UPDATES – Measures to reduce energy prices, State of the Union address by European Commission President, Council Recommendation on Minimum Income

Measures to reduce energy prices The Energy Council agreed on a Regulation on an emergency intervention to address high energy prices earlier today which outlines four key measures: Electricity demand reduction. Voluntary reduction target of 10% of gross electricity consumption and a mandatory reduction target of 5% of the electricity consumption in peak hours. Cap […]

September 13, 2022 Mediterranean Observer

The European Commission launched call for evidence and public consultation on review of Slot Regulation

The European Commission launched a call for evidence together with a public consultation on the review of the Slot Regulation (Council Regulation (EEC) No 95/93), which was announced in the framework of the EU’s sustainable and smart mobility strategy at the end of 2020. With the revision, the Commission aims to ensure efficient management of […]
2min 207

September 12, 2022 Mediterranean Observer

Brussels | The Energy Performance of Buildings Directive – Key Implications?

The proposed revision to the Energy Performance of Buildings Directive (EPBD) is part of the European Commission’s 2nd Fit for 55 package released in December 2021. The aim of the Fit for 55 packages is to translate the European Green Deal’s vision for a climate neutral Europe by 2050 into policy terms, specifically focusing on […]
11min 279

September 9, 2022 Mediterranean Observer

Czech Presidency | Tourism in the Agenda of the Czech Presidency of the Council of the European Union

Starting from 1st July, 2022, Czech Republic will hold the Presidency of the Council of the European Union for six months. The top priorities of the Czech Presidency will be to cope with the influx of displaced Ukrainians forced to flee because of Russia’s invasion. They also pledged to focus on EU’s energy security issues […]
4min 225

September 6, 2022 Mediterranean Observer

Russia | EU to tighten visa rules for Russians but split on travel ban

Germany and France warned it would be counter-productive to ban ordinary Russians, a move advocated by Kyiv in response to Russia’s invasion and backed by some EU members, and the agreement’s suspension was a compromise that could be reached at the ministers’ two-day meeting in Prague. European Union foreign ministers are likely to agree to […]
4min 246

August 17, 2022 Mediterranean Observer

Wizz Air Malta appoints its first managing director

Company expected to start operations later this year Diarmuid Ó Conghaile has been appointed managing director of Wizz Air Malta, a new airline that will be based in Malta. The Wizz Air subsidiary, due to be established later this year, will operate with Malta-registered aircraft. Ó Conghaile will take up the appointment on November 1, […]
2min 312

August 17, 2022 Mediterranean Observer

How Malta will be hit by proposed EU aviation tax

The average ticket will cost about €45 more if tax is approved The average ticket for a return flight from Malta, within the EU, will cost travellers about €45 more by 2030 if a proposed tax on aviation fuel goes through over and above other costs faced by the industry. The greatest impact on the […]
10min 382

August 4, 2022 Mediterranean Observer

Brussels┃Interim Update on EU Fit For 55

The EU Green Deal significantly increased the EU’s climate ambition and set unprecedented emission reduction targets to be reached over the next decades. In particular, the EU is aiming for a 55% decrease in emission levels by 2030, compared to 1990 levels. The ultimate objective is to create the first climate neutral continent by 2050. […]
14min 7992

August 3, 2022 Mediterranean Observer

Malta Business Bureau (MBB) Brussels Office Reports

EU agreement on Digital Policy Programme The EU Council and Parliament agreed on the monitoring and cooperation system of the 2030 Policy Programme: Path to the Digital Decade. The programme sets up a monitoring and cooperation system to achieve the common objectives and targets for Europe’s digital transformation set out in the 2030 Digital Compass […]
5min 783

Malta Business Bureau (MBB) Brussels Office Reports

EU agreement on Adequate Minimum Wages The agreement provides a set of minimum criteria that member states will need to consider when determining their statutory minimum wages. The relative weight of the criteria will be left up to the member states to decide. Reference to international values such as 60% of the gross median wage […]
8min 827

About the Mediterranean Observer

The Mediterranean Observer is a news portal dedicated to travel tourism, and hospitality in the Mediterranean region. This portal is managed by the Mediterranean Tourism Foundation, based in the Mediterranean country of Malta.