The EU Council adopted today a new law on cybersecurity requirements for products with digital elements with a view to ensuring that products, such as connected home cameras, fridges, TVs, and toys, are safe before they are placed on the market (cyber resilience act).
German holding company FWU AG has recently gone into insolvency and its Luxembourgish subsidiary FWU Life Insurance Lux S.A. (“FWU Luxembourg”) filed for a suspension of payment with the District Court of Luxembourg. Many policyholders have questions and are wondering what to do.
These are the headlines of our weekly Insight EU Finance Monitoring, published last Saturday. 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.
On 20 August we mark four years since the assassination attempt of Russian opposition politician Alexei Navalny in Russia by using a toxic nerve agent of the “Novichok” group, banned under the Chemical Weapons Convention, to which the Russian Federation is a State Party.
The RRF, with €650 billion in grants and loans, is a critical driver of ambitious investments and reforms across Member States, in initiatives that advance the green and digital transition, and strengthen the resilience and competitiveness of the EU.
Today, the Commission has received Slovenia’s third payment request for €257.6 million. The fourth grant instalment and second loan instalment, which have been combined into one payment request, relate to eight milestones.
The EU Commission has endorsed a positive preliminary assessment of Slovakia’s fourth payment request for €799 million (net of pre-financing) under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU.
The number of regulated professions varies considerably between member states. EU rules to facilitate the procedure are not applied consistently, and authorities do not consult alerts about misconduct when reviewing applications.
The agreement will boost bilateral trade in goods,increase investment flows, strengthen the ties between reliable partners, and facilitate mutually advantageous economic relations in a sustainable manner, stimulating job creation and economic growth.
The European Commission has approved, under EU State aid rules, Denmark and Sweden’s plans to grant Scandinavian Airlines System AB (‘SAS’) restructuring aid for up to €1.3 billion (SEK 15 billion). The measure will enable the company to restore its long-term viability while minimising competition distortions.
The transaction relates primarily to the operation of an LNG regasification, import and storage terminal in the UK.
La transaction concerne principalement le marché des services de gestion multi-technique visant à améliorer l’efficacité énergétique de bâtiments et d’installations industrielles.
The transaction relates primarily to the indoor climate comfort solutions sector.
The transaction relates primarily to the manufacturing of stainless-steel and nickel alloy products.
On Friday, the Commission has received Italy’s sixth payment request under the Recovery and Resilience Facility (RRF) for €8.5 billion, of which €1.6 billion in grants and €6.9 billion in loans.
The EU Council decided on Friday to list six individuals and three entities responsible for participating in the financing of Hamas and the Palestinian Islamic Jihad (PIJ) or enabling their violent actions.
The EU Council today adopted restrictive measures targeting the Belarusian economy, in view of the regime’s involvement in Russia’s illegal, unprovoked and unjustified war of aggression against Ukraine.
The EU Council adopted today a new law on cybersecurity requirements for products with digital elements with a view to ensuring that products, such as connected home cameras, fridges, TVs, and toys, are safe before they are placed on the market (cyber resilience act).
MEPs underscored the need to re-assess the EU’s rules on geo-blocking, particularly in light of the accelerated digital transformation and surge in online shopping in recent years. The existing rules allow consumers to shop online and access services across borders without restriction, however MEPs say they must be applied fully and remaining barriers need to be removed.
“As in old times when guests arrived from distant lands and huddled around a roaring fire, allow me to tell you a story. It is a story of past, future, and present. It is a story of innovators and lawbreakers, of risks and opportunity. It is the story of crypto and blockchain” – Remarks by the IMF Managing Director Kristalina Georgieva delivered at the MOEF-BOK-FSC-IMF International Conference on Digital Money, December 14, 2023, Seoul.
The EU Commission welcomes the political agreement reached today between the European Parliament and the EU Member States on the Directive on improving the working conditions in platform work proposed by the Commission in December 2021. It follows the commitment taken by President von der Leyen in her Political Guidelines to improve the labour conditions of platform workers.
Kaum eine Zukunftstechnologie entwickelt sich derzeit so dynamisch wie Künstliche Intelligenz (KI). Der KI-Aktionsplan des BMBF bündelt deshalb gezielt neue Impulse für das deutsche und europäische KI-Ökosystem. Dargestellt werden Analysen, Ziele & Maßnahmen für die KI-Infrastruktur, den Transfer in die Anwendung und die Erfolgsbedingungen.
EU strategy for virtual worlds needs to be both sustainable and human-centric. MEPs of the Legal Affairs Committee approved with 15 votes for, 1 against and 2 abstentions an own-initiative report outlining virtual worlds’ challenges for private international, civil and intellectual property law.
EU Council and Parliament strike a deal on the first rules for AI in the world +++ Compliance of artificial intelligence centre stage at the annual session of UNECE’s Working Party on Regulatory Cooperation and Standardization Policies +++ EU Commission welcomes Spanish Presidency declaration to strengthen collaboration on quantum technologies +++ EU Commission approves up to €1.2 billion of State aid by seven Member States for an Important Project of Common European Interest in cloud and edge computing technologies +++ Gigabit Infrastructure Act: Council adopts position for faster deployment of high-speed networks in the EU +++ EU Commission opens access to EU supercomputers to speed up artificial intelligence development +++ Eurojust: Generative Artificial Intelligence – The impact on intellectual property crimes
I-CAPITAL 2023 European Capital of Innovation announced: Lisbon and Linköping are the winners of this
The S&Ds played a crucial role by ensuring the introduction of Fundamental Rights Impact Assessments (FRIA). This means that companies using high-risk AI systems will have to carry out an assessment to identify risks associated with the specific context of deployment of AI systems, the people that could be affected, and also to identify measures to mitigate such risks
“Artificial intelligence is already changing our everyday lives. And this is just the beginning. Used wisely and widely, AI promises huge benefits to our economy and society” – EU Commission President von der Leyen
Following 3-day ‘marathon’ talks, the Council presidency and the European Parliament’s negotiators have reached a provisional agreement on the proposal on harmonised rules on artificial intelligence (AI), the so-called artificial intelligence act.
The EU Council adopted today a new law on cybersecurity requirements for products with digital elements with a view to ensuring that products, such as connected home cameras, fridges, TVs, and toys, are safe before they are placed on the market (cyber resilience act).
Ministers held a discussion on the situation in Ukraine and on the Ukraine Plan, aimed at unblocking the disbursements under the first pillar of the Ukraine Facility for 2024-2027, conditioned by the progress of Ukraine’s reform and investment agenda.
The EU Council has adopted new rules to strengthen the role of equality bodies across the EU in combating discrimination and promoting equal treatment.
The EU Council has given the green light to an EU directive to combat violence against women and domestic violence.
“The Russian aggression is happening right on our doorstep, the EU’s doorstep. It gives us a great sense of urgency. It’s a reminder of how important our support to Ukraine is. And how important the energy transition is for Central and Eastern EU. Because energy transition means energy freedom” – EU Energy Commissioner Simson.
Representatives from the Commission and Israel hold their 15th EU-Israel High-Level Seminar on combating racism, xenophobia and antisemitism in Brussels.
EU Commissioner Simson stressed that the EU will support Ukraine in rebuilding its energy infrastructure so that industry and households do not face any restrictions on electricity supply.
Brussels, 7 May 2024 The Commission is providing €125 million in new EU humanitarian funding
The new legislation provides safeguards against political interference in editorial decisions and against surveillance of journalists. The Act guarantees that media can operate more easily in the internal market and online. Additionally, the regulation aims to secure the independence and stable funding of public service media as well as the transparency of media ownership and state advertising.
The EU Foreign Council (Development) adopted conclusions calling to help reduce the lack of protection of affected people and constraints faced by protection actors, including but not limited to breaches of International Humanitarian Law and lack of access.
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.
None of the diplomatic representatives of the EU and its Member States accredited in Russia should participate in the upcoming inauguration ceremony of Vladimir Putin as Russia’s president – EPP Group.
In 2023, 118935 non-EU citizens were refused entry into the EU territory at one of its external borders, a 16% decrease compared with 142420 in the previous year. An additional 1.27 million people were found to be illegally present in one of the EU countries, indicating a 13% increase compared with 1.12 million in 2022.
On Thursday and Friday, EU Climate Commissioner Wopke Hoekstra will participate in the Pre-COP29 meeting in Baku, Azerbaijan. With just a month to go until the COP29 UN Climate Change Conference (11 – 22 November), this meeting is a key opportunity for ministers from across the globe to come together ahead of the formal UN climate negotiations.
The EU Commission welcomes the adoption today by the EU Council of a decision to conclude the United Nations agreement on Biodiversity Beyond National Jurisdiction (BBNJ), also known as the ‘High Seas Treaty’.
EU environment ministers met in Luxembourg and reached a general approach on the green claims directive, the soil monitoring directive and the revised waste framework directive. They formally adopted the nature restoration law.
Offshore wind is poised for truly global growth after 2023 saw the second-highest annual installations as well as key policy developments that set the foundations for accelerated expansion of the industry over the next decade.
Recalling the commitment of the European Union, the Euratom Community, and the member states to provide citizens with a high level of healthcare, this set of conclusions highlights the role of radioisotopes for medical diagnostic and therapy, stressing in particular the increasing need for therapeutic radiopharmaceuticals.
Consumers need reliable, comparable and verifiable environmental claims in order to make fully informed decisions. However, a 2020 study found that more than half of the environmental claims offer vague, misleading or unfounded information.
Healthy soils are the foundation for 95% of the food we eat, host more than 25% of the biodiversity in the world and are the largest terrestrial carbon pool on the planet. Yet, soil is a limited resource and over 60 % of soils in the EU are not in a good condition.
The Council adopted its position (‘general approach’) on the targeted revision of the waste framework directive, with a focus on food and textile waste.
The EU Council formally adopted the – first of its kind – regulation on nature restoration. This law aims to put measures in place to restore at least 20% of the EU’s land and sea areas by 2030, and all ecosystems in need of restoration by 2050.
The European Centre for Disease Prevention and Control (ECDC) has published recommendations for public health authorities preparing for mass gathering events as Europe prepares to host a range of high-profile events including the UEFA 2024 final tournament across Germany and the 2024 Summer Olympics in Paris.
A new IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector.
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