The EU Commission announced the budget plan for the next long-term during 2021-2027. In order to support Member States' efforts to fight fraud, corruption and other irregularities affecting the EU budget, the Commission proposes a new EU Anti-Fraud Programme by making €181 million available to finance targeted training and the exchange of information and best practice between anti-fraud enforcers across Europe.
The new programme will provide support for operational and investigative activities, including through the provision of secure IT systems, and will facilitate irregularity reporting by Member States and risk management at national level, including purchasing technical equipment used in detecting and investigating fraud and facilitating access to secure information systems. "The new EU Anti-Fraud Programme will make a tangible contribution to boosting the fight against fraud and corruption to the detriment of the EU budget. Reinforcing cooperation between Member States enforcers and providing them with state of the art investigative tools can make all the difference in identifying fraudsters, stopping smugglers, or preventing corruption in procurement procedures" said GüntherH. Oettinger, European Commissioner for Budget and Human Resources.
A swift agreement on the overall long-term EU budget and its sectoral proposals is essential to ensure that EU funds start delivering results on the ground as soon as possible. Thus, an agreement on the next long-term budget in 2019 is expected which would provide for a seamless transition between the current long-term budget (2014-2020) and the new one and would ensure predictability and continuity of funding to the benefit of all.
Source: EU Commission
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):