Fittex

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The Recovery and Resilience Facility (RRF) is the core element of the EU's largest and most innovative financing instrument, Next Generation EU (NGEU), created to help the EU's economies and societies recover from the global pandemic. The facility is structured around six pillars representing policy areas of European relevance, identified by the RRF Regulation as vital for strengthening the EU's resilience. The pillars define investment priorities and the scope of application of financing under the ...

This study examines the problem of Missing Trader Intra-Community (MTIC) Fraud, the nature and scale of its impact on the EU’s finances, and potential solutions. The solutions that are assessed are: Split Payment Methods, Electronic Clearance Procedure (a digital solution), Real-Time Reporting (and TX++), VAT Coin, and the Definitive VAT system (and proposed amendments). Recommendations are made regarding the most appropriate solution.

In the context of the twin digital and ecological transition, satellite communication is becoming a strategic asset for governments and civil society alike. Complementary to terrestrial networks, it can contribute to seamless digital communication, even when such networks are absent or disrupted. It builds on technological advances to ensure both low latency and global coverage, and the deployment of other emerging technologies such as quantum-based cybersecurity. Today, the EU does not have the ...

Esports has become an integral part of the digital society. Esports is a fast paced and heterogenic phenomenon and a cross-sectional topic linking gaming, entertainment and media, culture and art, education, business, diversity and inclusion, and sports. In this background analysis, the authors explain what esports is, what the different ecosystems look like and what the opportunities and challenges are. Esports can be utilised as an integral tool to shape the modern digital society and act as ...

Technological sovereignty has been at the heart of recent political debate in the EU. Interest has only been strengthened by the Covid-19 pandemic crisis, due to its impact on many value chains. Key enabling technologies (KETs) – advanced manufacturing and materials, life-science technologies, micro/nano-electronics and photonics, artificial intelligence, and security and connectivity technologies – are crucial for an interconnected, digitalised, resilient and healthier European society, as well ...

This study on “Europe's digital decade and autonomy” aims to deliver an independent expert opinion and an assessment of the 2030 targets set by the Digital Compass and the overall Commission’s Digital Strategy. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Industry, Research and Energy (ITRE) to establish an objective view on the progress made in recent years, ongoing actions, and the adequacy of future ...

This study is the first research paper in a series of three, prepared for a PECH Committee Workshop. It reviews the state of the art of transmitted positional data systems, high resolution and synthetic aperture radar (SAR) for satellite image data used in fisheries control and fisheries research. It identifies the strengths and weaknesses of such systems and provides policy recommendations for a more effective fisheries control system based on currently applied electronic technologies (ET).

This study is the second research paper in a series of three, prepared for a PECH Committee Workshop. It provides a global overview of the latest developments, as well as potential benefits and risks of Electronic Monitoring (EM). Worldwide experiences with EM are discussed in light of the European context. During the period 2008 to 2019, altogether 26 EM trials were conducted within the EU. Despite promising results, none of the trials evolved into a fully integrated EM programme. Still, lessons ...

This study is the third research paper in a series of three, prepared for a PECH Committee Workshop. It examines and presents possibilities of electronic technologies (ET) that can be used to report, document and monitor fishery activities of the small-scale vessel fleet. The national fishing fleets in the EU are large where most of the vessels are less than 12 metres in length. The information on this fleet segment’s fishing activities is limited and insufficient for documentation of the fleet’s ...

Low IT spending by banks: Reason for concern?

Analiżi fil-Fond 24-06-2021

We collect data on IT spending as reported by banks directly supervised by the ECB in their 2020 annual reports. Slightly more than 50% of these banks report their IT spending. Our analysis, using data for those banks that do report IT expenditure, suggests that the distribution of IT expenses as share of operating income, operating expenses or total assets is uneven. We identify banks that score low on one or more of these ratios. It turns out that this group is very diverse. We argue that these ...