On Monday, MEPs restored €1.52 billion in funding cuts proposed by the EU Council, bringing allocations back to the levels originally suggested by the Commission. They also increased funding for programmes vital to address the impacts of Russia’s war against Ukraine, the need for green and digital transitions, and supporting economic recovery.
“Space is becoming more critical to global development than ever before. The question of space sustainability, therefore, looms large. As we look to leverage space technologies to improve lives and livelihoods on Earth, we must also consider how to preserve the space environment itself. Now, you might ask: Why ITU? Why now?” – Doreen Bogdan-Martin, ITU Secretary-General.
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.
The European Insurance and Occupational Pensions Authority (EIOPA) published a Staff Paper on the future of the Pan-European Pension Product (PEPP). The paper sets out the reasons behind the limited uptake of the PEPP and suggests improvements to its design to overcome supply-side, demand-side and structural barriers hindering its broader adoption.
On Monday, transport MEPs voted to start trialogues on driving licence, driving disqualification, maximum weights and dimensions in traffic, railway capacity and maritime safety rules.
Today, the U.S. Department of State submitted to the U.S. Congress a determination that Australia and UK defense export control systems are comparable to those of the United States and have implemented a reciprocal export exemption for U.S. entities.
How quickly do consumers react to rate hikes? The answer depends in part on how much they know about financial matters. This ECB Blog post shows that the better informed they are, the quicker their reaction.
The European Central Bank (ECB) has today published harmonised rules and arrangements for the mobilisation and management of collateral in Eurosystem credit operations marking a step towards further financial integration in the euro area and the capital markets union.
The transaction relates primarily to the development, production and global sale of low and high voltage electric motors and medium voltage drives, as well as accompanying solutions and services.
The European Commission has approved, under EU State aid rules, a €700 million Dutch scheme to compensate farmers for voluntarily closing livestock farming sites in certain areas of the Netherlands to improve the quality of the environment and promote a more sustainable and environmentally friendly production in the livestock sector.
For several years, supervisors have been working towards addressing structural deficiencies in banks’ credit risk management frameworks. The ongoing market downturn for commercial real estate (CRE) warrants particular attention. The ECB Banking Supervision describes why.
The EU Commission has approved a €99.5 million Romanian measure in favour of Nokian Tyres. The aid will support the establishment of a new zero carbon dioxide emission factory for passenger car tyres in Oradea. The measure will contribute to the EU’s strategic objectives relating to job creation, regional development, and to the green transition of the regional economy.
Supporting Ukraine and Moldova to work towards their EU membership has been one of the priorities of the Interreg Danube Region Programme that is also addressing the humanitarian crisis in both countries.
The European Banking Authority (EBA) has published its European Resolution Examination Programme (EREP) Report. It sets three priorities for resolution authorities and banks for 2025: operationalisation of their resolution tools, liquidity strategies in resolution, and management information system for valuation.
The European Banking Authority (EBA) today published final amendments to its Regulatory Technical Standards (RTS) on the fundamental review of the trading book (FRTB).
The EU Commission has approved amendments to an existing Dutch scheme, including a €50 million budget increase, to support agricultural producers in the context of Russia’s war against Ukraine. The amendments were approved under the State aid Temporary Crisis and Transition Framework (“TCTF”).
The planes will be financed by the European Commission and will become the new backbone of the EU’s crisis response to tackle forest fires. Aircraft from the rescEU reserves can be rapidly deployed in case a country is facing severe wildfires that require additional support.
On 4 October, the EU Commission held a multi-stakeholder workshop to collect input for the guidelines on protection of minors under the Digital Services Act (DSA). The guidelines will assist providers of online platforms to ensure a high level of privacy, safety and security for minors.
“Cities and regions can propel the green transition, and the EU is working hard to help them on this path. For example, our Net-Zero Industry Act will reduce administrative burden and simplify permitting for net zero technologies and projects, including for local administrations” – EVP Šefčovič.
The highest shares of enterprises with 10 or more employees using AI technologies were in Denmark (15.2%), Finland (15.1%) and Luxembourg (14.4%). Meanwhile, the lowest shares were recorded in Romania (1.5%), Bulgaria (3.6%) and Poland (3.7%) and Hungary (3.7%).
The AI Office aims at enabling the future development, deployment and use of AI in a way that fosters societal and economic benefits and innovation, while mitigating risks. The Office will play a key role in the implementation of the AI Act, especially in relation to general-purpose AI models. It will also work to foster research and innovation in trustworthy AI and position the EU as a leader in international discussions.
Vice-President Jourová visits Los Angeles and San Francisco for meetings with leaders in the technology, creative and media sectors, focusing on the impacts of artificial intelligence (AI) and safeguarding elections against disinformation and malign foreign interference.
The EU has so far had little success in developing Europe’s artificial intelligence ecosystem, and has failed to accelerate AI investment on a par with global leaders, according to a report by the European Court of Auditors (ECA).
The G7 meeting was dedicated to a broad range of issues: Global outlook and developments, Support for Ukraine, Financial Sector Issues, Artificial Intelligence, Health and Finance, Green Transition, International Tax Cooperation, Multilateral Development banks and support for Low-income Countries, and several Initiatives for Development with a focus on Africa.
EU Ministers held a debate on the EU space law, which the Commission is expected to propose. Ministers also prepared the joint EU-ESA Space Council meeting, which was held after the space part of the Competitiveness Council meeting. The Council adopted conclusions on ‘strengthening Europe’s competitiveness through space’, on EuroHPC for AI, and on research and security.
The recommendation identifies risks relating mainly to the areas of undesirable transfer of knowledge, foreign interference, and ethical or integrity violations.
The High-Level Group for the Digital Markets Act convened for the third time in Brussels. During this meeting, the Group agreed on the need to coordinate enforcement and adopted a public statement on Artificial Intelligence.
EU HR Borrell returned from California with three main takeaways: “First, to keep innovation in Europe, we need to significantly increase investment in the high-tech sector. Second, the EU’s human-centric approach to tech regulation is viewed positively by Californian decision-makers. And third, Europe needs to avoid becoming the adjustment variable for Chinese excess capacity.”
“Hamas’ terrorist attacks on Israel ignited a spiral of violence which has brought the entire region to a state of extreme tension and volatility. All parties must act responsibly, with restraint, and engage to de-escalate the current tensions” – EU Commission President Ursula von der Leyen.
As environmental, technological and societal change join forces to disrupt human and planetary health, the world must get better at tracking and responding to a host of emerging challenges, according to a new report from the United Nations Environment Programme (UNEP) and the International Science Council (ISC).
Today the EU Council approved additional restrictions against five persons and three entities under the EU’s Global Human Rights Sanctions Regime. According to the EU Council, the listed individuals and entities are responsible for serious and systematic human rights abuses against Palestinians in the West Bank, harming their physical and mental integrity, their rights to property, private and family life, freedom of religion or belief and the right to education.
The European Union and Jordan held the fifteenth meeting of their Association Council on 15 July 2024 in Brussels, in which they reviewed their increasingly dynamic and multifaceted partnership.
The EU Council today adopted an assistance measure under the European Peace Facility worth €13 million to enhance the operational effectiveness of the Albanian Armed Forces, notably in terms of mobility, manoeuvrability and protection.
The EU Council today adopted an assistance measure worth €5 million under the European Peace Facility to provide the Beninese Armed Forces (Forces Armées Béninoises) with military equipment to meet their operational requirements and pre-deployment training needs.
Brussels, 15 July 2024 The Council today extended until 27 July 2025 the restrictive measures in view
More than 45 European leaders will converge on Oxfordshire next week to discuss some of the most pressing generational issues facing Europe.
“Between March and June of this year, Russia destroyed and significantly damaged around half of Ukraine winter’s demand (9.2 GW of generation capacity). Already today, rolling outages lasting several hours a day are happening across Ukraine. It is expected that as demand increases, the situation will get worse this winter” – EU Commissioner Simson.
“At this Summit, we are turning a corner and putting in place the foundations for Ukraine to prevail. Allies have agreed to launch NATO Security Assistance and Training for Ukraine with a command in Germany, logistic hubs in the eastern part of the Alliance, and around 700 personnel. NATO will coordinate the training of Ukrainian forces at facilities in Allied countries, plan and coordinate the provision of donations, manage the transfer and repair of equipment and provide support to the long-term development of Ukraine’s forces” – NATO Secretary General Jens Stoltenberg.
The Director General reiterated, amon others, that a Russian attack last week that reportedly injured eight ZNPP workers at an electrical sub-station in Enerhodar had violated several of the seven indispensable pillars of nuclear safety during a conflict, notably one on protecting plant staff.
The Nordic countries (N5) and Nordic and Baltic countries (NB8) formats are informal and structured around a number of meetings at political and civil servant level. These cooperation formats are led by foreign ministers, who meet several times a year.
NATO Secretary General Jens Stoltenberg underlined the “strong and deepening cooperation” between NATO and its Indo-Pacific partners – Australia, Japan, the Republic of Korea, and New Zealand – and the European Union at its Summit in Washington on Thursday.
On Monday, transport MEPs voted to start trialogues on driving licence, driving disqualification, maximum weights and dimensions in traffic, railway capacity and maritime safety rules.
The EU Commission has approved, under EU State aid rules, amendments to a Slovak scheme to partially compensate energy-intensive companies for the electricity levy financing support to renewable energy production. The scheme aims at mitigating the risk that, due to this levy, energy-intensive companies may relocate their activities to locations outside the EU with less ambitious climate policies
The European Commission has approved, under EU State aid rules, an amendment to an Italian scheme made available through the Recovery and Resilience Facility (‘RRF’) to support investments in photovoltaic panels in the agricultural sector.
Solarstrom von den Nachbarn oder Windenergie aus dem nahegelegenen Windpark – Energy Sharing ermöglicht die gemeinschaftliche Nutzung erneuerbarer Energien vor Ort. Die Deutsche Energie-Agentur (dena) stellt in ihrem aktuellen Bericht dar, welche Umsetzungsmodelle denkbar und auch im jetzigen Rechtsrahmen schon möglich sind.
Fusion for Energy (F4E) signed a contract with the French company this summer for the production of 13 IVTs by 2028. In parallel, in Europe 13 other units are underway, produced by Research Instruments (RI).
The ‘fit for 55’ package of July and December 2021 was designed to realise the European Climate Law objectives: climate neutrality by 2050 and a 55 % reduction of net greenhouse gas (GHG) emissions by 2030, compared with 1990 levels.
The new FAQs take into account input received from companies and cover issues such as the scope of the rules, application dates, and exemptions. For example, they clarify when companies may use estimates rather than having to collect value chain information from suppliers or partners.
Interested contributors have until 2 December 2024 to submit synopses for the International Conference on Stakeholder Engagement for Nuclear Power Programmes, to be held from 26 to 30 May 2025 at IAEA headquarters in Vienna.
As governments worldwide look to transition away from fossil fuels and accelerate the deployment of clean energy, policy makers are dedicating more attention to securing supplies of critical minerals by concluding partnerships.
The EU Commission’s Health Emergency Preparedness and Response Authority (HERA) has signed a joint procurement framework contract alongside EU Member States for the supply of a medicine used to treat diphtheria with the pharmaceutical company Scandinavian Biopharma Distribution AB.
The European Chemicals Agency’s data and expert advice on chemicals will be used to support regulation of industrial emissions in the EU.
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