05.10.2015

Minister of Finance Vladislav Goranov will take part in the meeting of the Economic and Financial Affairs Council (ECOFIN) to be held in Luxembourg on 06.10.2015.

During the meeting the Council is expected to reach political agreement on the proposal for amendment to the Directive on mandatory automatic exchange of information in the field of taxation. The Finance Ministers will discuss lessons learnt from the 2015 European Semester process and will be debriefed on the progress in the preparation of a common position on the flexibility provisions of the Stability and Growth Pact. The agenda also includes a presentation by the European Commission on its Action Plan for building a capital markets union. The Commission is also expected to present the state of play in implementing the measures needed for the completion of the banking union.

The members of the Council will follow-up on the G20 meeting of Finance Ministers, which took place on 4 and 5 September 2015 in Ankara, Turkey. ECOFIN will provide the EU with a mandate for the G20 meeting of Finance Ministers and Governors of Central Banks, to be held on 8 October 2015, as well as for the Annual Meeting of the International Monetary and Financial Committee, which will take place on 9-11 October 2015 in Lima, Peru.