Food labelling: Where no legal name has been adopted, a Member State may not prohibit the use of terms traditionally associated with products of animal origin to designate a product containing vegetable proteins, according to the EU Court of Justice.
“By implementing together what Member States cannot do on their own, we are creating tangible European value added. By combining reforms and investments in a coherent and structured way, we are ensuring that our funds are spent in strategically and sustainably” – EU Commission VP Valdis Dombrovskis.
These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of our Insight EU Monitoring mails delayed by several days. To receive real-time monitoring emails, subscribe to our annual target group full-text services on the Insight EU Store page.
The Danish economy has continued to expand at a robust pace, driven by an exceptional surge in the pharmaceutical. In contrast, the rest of the economy has remained relatively subdued, aside from the maritime and information and communication technology industries, reflecting sluggish demand.
At its board meeting today, the Bank of Russia has made the decision to raise the key rate to 19% per annum. Monetary conditions have continued to tighten in recent months. The expansion of lending has slowed down somewhat, primarily in the retail segment. Inflationary pressures have not been easing. Underlying inflation is still higher than the rate needed for returning to the target next year.
The European Commission and the European Central Bank provided their assessment of the latest macroeconomic and fiscal developments and outlook, followed by a discussion of ministers.
According to the Bank of Russia, by 1 July 2025, major Russian banks will have to give their clients an opportunity to conduct transactions with digital rubles, namely to open digital ruble accounts and deposit cash thereto, make funds transfers, as well as receive digital rubles via the relevant infrastructure.
The EU Council decided today to prolong the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for another six months, until 15 March 2025. The measures provide for travel restrictions, the freezing of assets, and a ban on making funds or other economic resources available to the listed individuals and entities.
Mit seinem Urteil von heute weist der Gerichtshof das Rechtsmittel zurück und bestätigt somit ebenfalls den Entzug der Bankzulassung.
Today, the EU Commission signed a package of agreements and protocols on the European Economic Area (EEA) Financial Mechanism 2021-2028 with the three EEA European Free Trade Association (EFTA) States (Iceland, Liechtenstein and Norway) and two protocols for annual duty-free tariff quotas for some Icelandic and Norwegian fish and fisheries products.
The ECB Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction.
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