Today, the European Commission adopted two proposals to digitalise passports and identity cards, also called ‘EU Digital Travel application’, for individuals travelling to and from the Schengen area.
Economic sanctions against Russia: The EU Council has the power to establish reporting and cooperation obligations to ensure the effectiveness of fund-freezing measures. The need for action to counteract legal and financial arrangements facilitating the circumvention of restrictive measures justifies such obligations.
The EU Commission has launched a call for AI Factories to boost European leadership in trustworthy artificial intelligence (AI). AI Factories will be created around the EU’s world-class network of European High-Performance Computing (HPC) supercomputers and will be available to a range of European users, such as startups, industry and researchers.
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The ESAs warn national supervisors of the financial stability risks stemming from these uncertainties and call for continued vigilance from all financial market participants. For the first time, the Report also dives deep into credit risks in the financial sector.
At the EU Ecofin Council, EU Finance ministers discussed the implementation of the Recovery and Resilience Facility. They also debated the economic and financial impact of Russia’s aggression against Ukraine. The Council approved conclusions on climate finance and on the revision of the EU list of non-cooperative jurisdictions for tax purposes.
Letter from the Netherlands to President-elect of the European Commission Ursula von der Leyen suggesting Mr Wopke Hoekstra as Member of the Commission.
A modest recovery is underway, while the disinflationary process remains on track. Following a contraction of 0.9 percent in 2023, real GDP growth is projected at 2.3 percent in 2024. Growth is expected to accelerate to 3.3 percent in 2025 as investment gradually picks up, and then converges to its potential of around 3 percent over the medium term.
“Für den kommenden Mehrjährigen Finanzrahmen muss die Europäische Kommission nicht nur aktuelle geostrategische und geoökonomische Herausforderungen, sondern auch die Erweiterung im Blick haben. Berechtigterweise steht dabei der effiziente Einsatz der europäischen Haushaltsmittel im Vordergrund. Kritiker werfen die Frage auf, ob die Investitionen der Strukturfonds gleichermaßen effizient sind wie die Investitionspolitik der Politikbereiche in direkter Mittelverwaltung” – Sven Giegold.
The EU Commission takes note of IAG’s announcement that it has decided to terminate its agreement with Globalia according to which IAG intended to acquire sole control over Air Europa. IAG owns several airlines, including Iberia and Vueling, and is the largest airline operator in Spain. Air Europa is the third largest airline in Spain.
The transaction relates primarily to the provision of application security testing software tools and services.
As a new legislative term begins, BusinessEurope is putting forward policy priorities across the areas of R&I, Sustainable Finance, the environment, and the circular economy.
The transaction relates primarily to the chemical markets of phenothiazine, acrylic acid and superabsorbent polymers used in the manufacture of hygiene articles and medical products.
These are the headlines of our weekly Insight EU Finance Monitoring, published last Saturday.
Bunge and Viterra are both vertically integrated global agribusinesses, active in the origination, trading and processing of agricultural products, with significant overlaps in the sector of oilseeds.
The European Commission has launched today a public consultation inviting all interested parties to comment on draft Guidelines on exclusionary abuses of dominance.
The European Banking Authority (EBA) and the European Central Bank (ECB) published today a joint Report on payment fraud data. The report assesses payment fraud reported by the industry across the European Economic Areas (EEA), which amounted to €4.3bn in 2022 and €2.0bn in the first half of 2023.
Almost 100 businesses in Armenia to benefit from operation, sustaining around 1,200 jobs. The partnership contributes to inclusive economic growth with 20% to be allocated to women-led businesses.
Today, the European Commission adopted two proposals to digitalise passports and identity cards, also called ‘EU Digital Travel application’, for individuals travelling to and from the Schengen area.
“We are facing a crucial moment in the history of our European project, where once more the far right is attempting to bring back the darkest pages of our history, challenging everything we built and poisoning our democracies. The European Union has always stood firm against the threats of extremism, from all sides of the political spectrum.”
The EU Commission has launched a series of actions to raise awareness of the risks of disinformation, information manipulation and foreign interference, in the run-up to the European elections.
Brussels, 8 May 2024 Today, the Commission has sent X a request for information (RFI)
Ahead of the next AI for Good summit organized by the International Telecommunication Union (ITU), the dedicated pre-summit AI Governance Day zeroes in on questions about moving the guardrails for artificial intelligence (AI) development from principles to practice.
The EU Foreign Affairs Council gave its final green light to the Reform and Growth Facility for the Western Balkans, a new instrument supporting EU-related reforms and economic growth in the region.
To further reinforce and strengthen sustainable urban development in EU cities, the Commission today is launching a third call for proposals worth €90 million under the European Urban Initiative (EUI).
A bilateral dialogue between Sweden and the United States took place on 2 May in Washington DC. It was the first of its kind, and a clear manifestation of the close cooperation between the two countries aimed at tackling cyber-related threats and promoting safe digital development.
The European Union and its Member States, together with international partners, strongly condemn the malicious cyber campaign conducted by the Russia-controlled Advanced Persistent Threat Actor 28 (APT28) against Germany and Czechia.
An IEA Report for G7 shows how urban planning, digitalisation and grid investment can help cities manage the impacts of climate change and growing energy demand.
The regulation of digital platforms and the role of the global community are at the forefront of the discussion. Representatives from the United Nations Educational, Scientific and Cultural Organization (UNESCO) and the United Nations (UN) express their support and hope for a healthy Internet.
At the EU Ecofin Council, EU Finance ministers discussed the implementation of the Recovery and Resilience Facility. They also debated the economic and financial impact of Russia’s aggression against Ukraine. The Council approved conclusions on climate finance and on the revision of the EU list of non-cooperative jurisdictions for tax purposes.
The President of Russia paid a two-day working visit to Astana to participate in a meeting of the Heads of State Council of the Shanghai Cooperation Organisation (SCO). He held a series of bilateral meetings on the sidelines of the summit. Insight EU Monitoring has collected the Kremlin’ minutes covering these meetings.
A visit of Hungarian Prime Minister Viktor Orbán to Russia has triggered tensions between the European Union and Hungary that had just taken over the EU Council Presidency on 1 July 2024. According to newly appointed EU High Representative Kaja Kallas, Orbán “is exploiting the EU presidency position to sow confusion. The EU is united, clearly behind Ukraine and against Russian aggression”.
Today, the EU Commission published two reports illustrating the European Union’s continued support for Cyprus’ reunification: the annual report on the implementation of the Green Line Regulation in Cyprus in 2023 (the ‘Green Line Report’) and the annual report on the implementation of the Aid Programme for the Turkish Cypriot Community in 2023 (the ‘Aid Programme Report’).
The EU takes note of the release of a number of political prisoners in Belarus. We are relieved by the news that they finally reunited with their families and loved ones. Earlier this week, UN experts urged the Belarusian authorities to pardon or remit the sentence of all imprisoned older persons jailed on political charges.
Belarusian President Aleksandr Lukashenko took part in the Shanghai Cooperation Organization (SCO) summit in Astana on 4 July. Completing the procedure for Belarus’ accession to the SCO as a member state was the main item on the summit’s agenda for Belarus.
Ukrainian President Zelenskyy expressed his gratitude to Hungary for its humanitarian support for Ukraine, underlining that he believed that saving lives was the most important consideration.
Marking a historic moment, one year ago today, Eurojust launched the International Centre for the Prosecution of the Crime of Aggression (ICPA) – a unique judicial coordination platform dedicated to supporting national investigations into the crime of aggression related to the war in Ukraine.
The ultimate goal of the EUDA is to strengthen the European Union’s preparedness on drugs. New mechanisms have been created to help achieve this goal. These include a European Drug Alert System, to issue alerts when serious drug-related risks appear on the market, and a European Threat Assessment System.
“In einer volldigitalisierten Welt wird kein Auto, kein LKW, kein Job in Zukunft ohne Mobilnetz funktionieren. Deswegen müssen wir den digitalen Raum als das zentrale Nervensystem unserer Gesellschaft schützen. Auf dieses Ziel haben wir uns mit der Nationalen Sicherheitsstrategie geeinigt” – Bundesaußenministerin Annalena Baerbock.
In this update, international think tanks gathered by EU Council librarians analyse the following topics: How to harvest the windfall profits from Russian assets in Europe? How to make western sanctions against Russia working. Why reconstructing Ukraine at war can become a journey to prosperity. An how to create a bridge for Ukraine into NATO?
Zum Abschluss der 16. Deutsch-Polnischen Regierungskonsultationen in Warschau hat Bundeskanzler Scholz die Bedeutung der Beziehungen Deutschlands zu Polen unterstrichen. Ein gemeinsamer Aktionsplan soll die Zusammenarbeit intensivieren.
Today, the European Union Drugs Agency (EUDA) officially starts work in Lisbon replacing the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA).
At the EU Ecofin Council, EU Finance ministers discussed the implementation of the Recovery and Resilience Facility. They also debated the economic and financial impact of Russia’s aggression against Ukraine. The Council approved conclusions on climate finance and on the revision of the EU list of non-cooperative jurisdictions for tax purposes.
Progress is being made towards a global nuclear liability regime for nuclear damage, participants heard at the Fourth Meeting of the Contracting Parties and Signatories to theConvention on Supplementary Compensation for Nuclear Damage(CSC), held at the IAEA’s headquarters in Vienna, Austria last month.
The nuclear safety and security situation at the Zaporizhzhya Nuclear Power Plant (ZNPP) remains highly challenging during the military conflict, including efforts to ensure adequate maintenance of key safety systems and other vital equipment, Director General Rafael Mariano Grossi of the International Atomic Energy Agency (IAEA) said today.
Norway’s Minister of Finance Trygve Slagsvold Vedum explains, how Norway’s management of natural resources, such as crude oil, has evolved into policies creating common wealth.
The EU Commission has announced today that three more projects have obtained the status required to be part of the List of Renewable Energy Cross-border Projects (CB RES list) under the Connecting Europe Facility for Energy (CEF Energy). The list, launched for the first time in August 2022 and updated in September 2023, has now a total of eight projects.
The EIB credit is to fund renewable energy and clean transport infrastructure at WDP logistics centres mainly in Belgium, the Netherlands and Romania. WDP will provide tenants with solar roofs and more electric-vehicle charging stations.
The European Commission has approved a €750 million Dutch scheme to support investments in the decarbonisation of industrial production processes to foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’).
China and Russia have agreed to further expand investment and energy cooperation to promote bilateral ties.
At a meeting on 24 July, coordinators of the Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade (DPP) outlined points of focus for their work over the coming months, gearing towards achieving concrete, pragmatic, and effective outcomes by the 14th Ministerial Conference.
The EU Commission has approved, under EU State aid rules, a €2 billion Dutch measure to support the PALLAS project aimed at producing medical radioisotopes for cancer diagnosis and treatment. The measure contributes to ensuring security of supply of essential and live-saving medicines in line with the Pharmaceutical Strategy for Europe.
The European Commission has approved a €1.2 billion Spanish scheme to support investments in the production of renewable hydrogen to foster the transition to a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’).
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