News

Railway Services

The Commission has set out proposals “to save Europe’s railways from extinction”. Included are proposals to liberalise the freight market. The White Paper proposes to speed up modification of the existing legislation (Directive 91/440/EC) so as to extend the rights to railway infrastructure for freight and for international passenger services. Existing legislation will be modified

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Euro Update

Banks have indicated that no charges will be levied for converting accounts and payments into euros. The Commission intends to keep the situation under review and have invited persons who have been charged to notify them. The euro operates in Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain. The ecu has

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Charter Flights

President Clinton announced new measures to increase contact between ordinary US citizens and Cubans. These do not amount to the lifting of the general embargo against the Cuban Government but inter alia permits more charter flights between the two countries. These flights are intended to provide for visits by athletics, social, religious and other groups

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