Commission launches consultation of stakeholders on the taxonomy for sustainable economic activities

The European Commission launched the latest step to manage forward sustainable finance in the EU with the call for feedback on a classification system – or “taxonomy” – for environmentally-sustainable economic activities. The consultation is being launched by the Technical Expert Group (TEG) on Sustainable Finance. The TEG, a global group of experts set up by the Commission, published its Report on Taxonomy on 18 June 2019. It follows on the Commission’s May 2018 legislative proposal on an EU taxonomy currently being discussed by the European Parliament and the Council.

New rules on Schengen visa

The Schengen visa is a short term visa that allows third-country nationals to travel to any members of the Schengen Area and to stay there for a period of maximum 90 days for tourism or business purposes. In order to improve conditions for legitimate travellers, the European Council has adopted amendments to the Schengen Visa Code on 6 June 2019.