Forward look: 4 – 17 November 2024
Economic and Financial Affairs Council, 5 November 2024
The Council will seek a political agreement on the value added tax (VAT) in the digital age package. The package consists of three proposals that set out to tackle VAT fraud, support businesses and promote digitalisation.
Ministers will take stock of the implementation of the Recovery and Resilience Facility (RRF) and the Council will aim to adopt implementing decisions approving modified recovery and resilience plans, submitted by some member states.
Ministers will be informed of the state of play of the economic and financial impact of Russia’s aggression against Ukraine.
The Council will approve conclusions on the progress made on the EU’s statistical priorities, while providing guidance for further work. As a point without discussion, the Council will also adopt a regulation that aims to further improve the development, production and dissemination of European statistics.
The Presidency will present the state of play of legislative proposals in the field of financial services. As a point without discussion, the Council will adopt two pieces of legislation that change the Solvency II directive, the EU’s main piece of legislation in the insurance area, and introduce new rules on insurance recovery and resolution (IRRD).
Economic and Financial Affairs Council (Budget), 15 November 2024
The Council will meet to prepare the second meeting of the Conciliation Committee, with the aim of reaching an agreement with the European Parliament on the EU’s annual budget for 2025.
The Council will start at 09:30 in public deliberation and prepare the meeting of the Conciliation Committee. The meeting of the Conciliation Committee with the European Parliament will start at 11.00.
After the conciliation committee meeting, the Council will resume its session. It will either endorse an agreement or, failing an agreement with the European Parliament, decide on the next steps.
The conciliation procedure started on 29 October 2024 and will end on Monday 18 November 2024. If the two branches of the budgetary authority don’t succeed in finding an agreement on next year’s budget by then, the budgetary process will restart.
