In 2023, the EU exported 8.5 million tonnes of recyclable products (paper, plastic and glass) to extra-EU countries, a 34% increase from 2022 (6.4 million tonnes), while imports dropped by 19% to 3.2 million tonnes, down from 4.0 million tonnes in 2022.
The European Securities and Markets Authority (ESMA), EU’s financial markets regulator and supervisor, published today its Follow-up Report to the Wirecard Fast Track Peer Review assessing the progress made with respect to the recommendations formulated in 2020.
EU Commissioner for Justice, Didier Reynders, travels to Washington DC to conduct the first review of the new framework for safe and trusted EU-US data flows. In its 2023 adequacy decision for the EU-US Data Privacy Framework, the Commission concluded that the US ensures an adequate level of protection for personal data transferred from the EU to US companies.
With 401 votes in favour, the European Parliament elected Ursula von der Leyen as President of the European Commission in a secret ballot on 18 July. What will happening next?
At the EU Justice Council meeting in Luxembourg, justice ministers addressed the fight against impunity in the context of Russia’s war of aggression and the implementation of the EU anti-racism action plan.
This week’s Inclusive Framework plenary meeting has clarified the outstanding issues in its ongoing effort to reach agreement on a fairer allocation of taxing rights across the globe.
“The Basel III rules were developed as a response to the global financial crisis of 2008-2010 – so these rules are addressing an issue that was identified already 15 years ago. They have been implemented in different stages, and we’re now in the final phase…. And now it is for us to develop the second level legislation over the next three or four years” – EBA Chair Campa,
In 2023, the EU exported €1.03 billion worth of bicycles (both electric and non-electric), marking a 10% decrease compared with 2022. The value of imports stood at €1.98 billion, a 21% decline compared with 2022.
“State aid policy must continue to fulfil its mandate to avoid undue distortions to competition, while allowing the EU to stay at the forefront of innovation, cater for cohesion and lead the twin transition. The EU will need to maintain a balance and continue to adapt its State aid policy to changing market conditions while preserving a competitive Single Market” – EVP Margrethe Vestager.
“In the coming decades, EU growth will be shaped by 3 key transitions: green, digital and demographic. These bring new opportunities. For example, an estimated 2 million new jobs across Europe in the green economy: recycling, renewables and deep renovation” – EU Commissioner Elisa Ferreira.
The IMF Executive Board completes Kosovo’s reviews under the Stand-By Arrangement, the Arrangement under the Resilience and Sustainability Facility, and a request for modification of reform measures.
Kazakhstan’s economy has remained resilient. Real GDP expanded by 5.1 percent in 2023, and inflation declined to 8.7 percent in April 2024. For 2024, growth is projected to moderate to about 3.5 percent, supported by robust activity in manufacturing, construction, and services, while inflation would be close to 8 percent by the end of the year.
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published today a discussion paper on the potential review of the investment firms’ prudential framework. The discussion paper aims at gathering early stakeholder feedback.
Provisional European election results can only be published after 23:00 CEST, when the last voting polls in Italy have closed. Before then, Parliament will issue estimations, based on exit polls.
Spain champions the call to step up the impact of Special Drawing Rights (SDRs) through the International Monetary Fund (IMF) and the World Bank Group (WBG)’s enhanced framework for scaled-up climate action.
Ukraine’s four-year EFF Arrangement with the IMF, which forms part of a US$122 billion international support package, continues to provide a strong anchor for the authorities’ economic program in times of exceptionally high uncertainty.
EU Commissioner Ferreira will have bilateral meetings with Vice Chancellor, Federal Minister for Economic Affairs and Climate Action, Robert Habeck, and the State Secretary for European Affairs in the Federal Chancellery, Jörg Kukies. Sie will also travel to Desden.
Today, the EU Commission has sent a request for information (RFI) to Temu requesting the platform to provide detailed information and internal documents on the mitigation measures taken against the presence and reappearance of traders selling illegal products on its online marketplace.
Brussels, 9 March 2023 The European Commission has endorsed a targeted amendment to the General Block
Brussels, 8 March 2023 Thank you Othmar [Karas], dear Vice-President of the European Parliament, and
Dübendorf, St. Gallen und Thun, 8 March 2023 Researchers at Empa, ETH Zurich and the
Brussels, 7 March 2023 The Council has today adopted a regulation on the EU’s secure
The Hague, 2 March 2023 Eurojust has assisted the Romanian and Moldovan authorities with dismantling
Brussels, 2 March 2023 Financial services at a distance Ministers agreed on a general approach
Brussels, 2 February 2023 Under the Digital Services Act (DSA), the Commission is empowered to impose
JRC S3 PLATFORM EU JRC’s SMARTER conference stream to take place during the 2023 RSA
Brussels, 28 February 2023 Today, the European Investment Bank (EIB) and the European Commission signed
Brussels, 28 February 2023 The European Commission has sent a Statement of Objections to Apple
At the EU Justice Council meeting in Luxembourg, justice ministers addressed the fight against impunity in the context of Russia’s war of aggression and the implementation of the EU anti-racism action plan.
Vienna, 4 March 2024 Chair, I have the honour to speak on behalf of the
Today, the International Criminal Court has taken another step – arrest warrants have been issued for two more representatives of the Russian leadership. This time – military leadership. Commanders of the Russian murderers – Long-Range Aviation and Black Sea Fleet of the terrorist state. In particular, they have carried out and are carrying out a terrorist campaign against our state and people targeting our energy sector and civilian infrastructure. These are obvious crimes – Russia’s war crimes and crimes against humanity. And this is exactly what the International Criminal Court is addressing in a principled fashion.
We call on the Government of South Sudan to mitigate this risk by demonstrating true political will, and urgently taking the necessary steps to deliver credible, peaceful, and inclusive elections.
To date, very limited progress has been made. We welcome the fact that members of both the National Constitutional Review and National Elections Commission have now been sworn in.
On 29 February, the Government adopted a regulation on special export credit guarantees for Ukraine. This enables exporting businesses to apply for export credit guarantees from the Swedish Export Credit Agency. The guarantees will apply to exports to Ukraine that can contribute to its development and welfare. The Government has also decided to open a trade commissioner’s office in Kyiv and will appoint a new trade commissioner in Ukraine.
As I approached the field, I was overwhelmed by the number of new graves since my last visit just a few months earlier, and the sea of flags and burning candles beside them. I was meant to deliver the package I carried to one of them. I didn’t know the man who was buried there. I knew his first name was Andrii; I also knew his last name because it was the same as his sister’s, although I didn’t know her personally either. One night, while watching the news at home in London, I saw her being interviewed beside her brother’s grave and recognised the location: the Field of Mars in my hometown. I also recognised the way she was feeling. She said she would never forgive Russia for her brother’s premature death.
The European Commission and the High Representative presented the first-ever European Defence Industrial Strategy (EDIS) at EU level and proposed an ambitious set of new actions to support the competitiveness and readiness of its defence industry. In response to Russia’s war of aggression against Ukraine the strategy sets a clear, long-term vision to achieve defence industrial readiness in the European Union.
Ukraine has requested assistance through the EU Civil Protection Mechanism in preparing for threats related to chemical, biological, radiological and nuclear agents. Finland responds to the request by sending an expert to join the EU’s international team. The Emergency Response Coordination Centre (ERCC), operating under the European Commission, has put together an international team to support Ukraine in identifying and preparing for chemical, biological, radiological and nuclear (CBRN) threats.
The EU and China delegations discussed Russia’s illegal war of aggression against Ukraine and ways to promote a just and sustainable peace. The EU side underlined Russia’s full responsibility for the unprovoked and unjustified aggression, stressing that the respect for the principles of the UN Charter and Ukraine’s sovereignty and territorial integrity must be the cornerstone of any final settlement. The EU highlighted that Russia’s war is an existential threat for its security and that therefore China’s position on the war inevitably impacts our bilateral relationship. The EU remains committed to supporting Ukraine with whatever it takes to prevail.
Opening the regular, quarterly session of the 35-member Board, Mr Grossi discussed a range of global issues, as well as providing updates on the IAEA’s work helping countries to monitor, mitigate and adapt to global climate change and other key initiatives.
The fight against drug trafficking and organised crime – a priority of the Belgian presidency – was a key issue at the meeting of ministers of home affairs. The Council agreed on a recommendation regarding the implementation of best practices from member states’ capabilities to fight drug trafficking
High North to me has never been a purely geographical notion. There is not a line in our map saying that is ‘high north’ and south of it is ‘deep south’. Because it is all Norway. A lot is assigned for Norway up here. That is why we have to mobilize the best of Norway. And to our guests from the diplomatic corps, we invite you also to mobilize the best of Europe. And the best of our Alliance, to bring both safety and predictability to how we develop this region. And I appreciate how our Allies in recent years have been attentive to the opportunities in this region.
The EU is extremely concerned by the escalation of violence in the east of the Democratic Republic of the Congo (DRC) and the worsening of the humanitarian situation exposing millions of people to human rights abuses including displacement, deprivation, and gender based violence. The military build-up as well as the use of advanced ground to air missiles and drones is a worrying escalation that further endangers the situation, in particular around Sake and Goma.
The EU Commission has approved the acquisition of joint control of NTS Middle East of the United Arab Emirates by ADNOC Drilling Company, Alpha Dhabi Holding, both of the United Arab Emirates, and Tubacex of Spain. The transaction relates primarily to the provision of specialised machining services to the oil and gas sector.
Agriculture ministers took stock of the measures taken and the initiatives presented so far as part of the EU’s response to farmers’ concerns. The Council also exchanged views on the annual CAP performance reports submitted by member states.
The updated ‘breakfast directives’ aim to help consumers make more informed choices, ensure more transparency on the origin of products, and reduce food fraud.
HR Borrell participate in a panel discussion at the World Economic Forum Stakeholder dialogue North to South, East to West: Rebuilding Trust. EU Commissioner Simson takes part in a panel discussion at the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development.
The European Commission has approved, under EU State aid rules, a €300 million French measure to support Electricité de France’s (EDF) subsidiary Nuward in researching and developing small modular nuclear reactors (‘SMRs’).
Beim diesjährigen Petersberger Klimadialog treffen sich Delegierte aus rund 40 Ländern im Auswärtigen Amt in Berlin. Ihr Ziel ist es die UN-Klimakonferenz in Aserbaidschan vorzubereiten. Im Mittelpunkt des Dialogs steht in diesem Jahr die Klimafinanzierung.
Experts of the International Atomic Energy Agency (IAEA) have continued to hear military activity in the region where Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) is located, but there have been no reports of new drone attacks on the site over the past week.
“The nuclear industry and the IAEA are taking a prospective look at the future of nuclear energy, for example talking to AI and data centre companies that are considering nuclear as a tailor-made solution for their clean firm electricity supply needs” – IAEA boss Grossi.
The EU Commission welcomes the adoption by the European Parliament today of measures, proposed by the Commission in January 2024, to improve the availability of in vitro diagnostics (IVDs) for patients and healthcare providers.
The transaction relates primarily to the transport and subsequent permanent offshore storage of liquefied carbon dioxide (CO2) from industrial emitters.
In January 2024, exports reached €18.4 billion that month, partly due to increased prices of olives, olive oil, and cereal preparations. Imports were worth €13.4 billion.
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