AGP Executive Report
Last update: 4 hours agoBank Tax: Bulgaria’s budget committee backed a one-off 33% tax on excess profits at banks and several other sectors, with the measure expected to raise about €800 million in 2027. Critics warn it could deter investment. Digital Finance: The ECB is urging lawmakers to finish digital euro rules, while EU regulators seek industry input on standards for tokenised finance. Bank Oversight: The EBA plans to cut reporting data for the 2027 bank stress test by 55%, while assessing climate risks. Investment: The European Investment Bank and other investors plan to channel more than €10 billion into European scale-ups, as the EIB says US turmoil is directing capital towards Europe. ECB Leadership: Spain and the Netherlands have nominated candidates to succeed Christine Lagarde, as the race to lead the central bank gathers pace. Property: A PwC and ULI survey points to a slower European real estate recovery, with higher borrowing costs and geopolitical uncertainty weighing on investor confidence.
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