The European Commission has launched a public consultation on the draft of new Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (‘Rescue and Restructuring Guidelines’). The new version will align the existing Guidelines with current social, market and technological conditions. The Commission invites Member States and all other interested parties to comment on the draft […]
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The ECB unveils the shortlisted designs for the new banknotes and launches a survey
On the 23rd, the European Central Bank (ECB) unveiled the shortlisted design proposals for the next series of euro banknotes and launched a survey to gather the views of citizens across Europe. These proposals are inspired by two themes, ‘European culture’ and ‘Rivers and birds’, as well as the motifs chosen to illustrate them. “Euro […]
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The digital product passport register comes into operation
On 20 July, the European Commission launched the digital product passport register. The digital product passport will contain information on various products, such as their origin, reuse options, instructions for use and regulatory compliance. It will normally be available via a QR code or a similar digital format. It will increase transparency in supply chains […]
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The Commission fines AliExpress €550 million for breaching the Digital Services Act
On 20 July, the European Commission fined AliExpress €550 million for failing to fulfil its obligations under the Digital Services Act (DSA) to diligently assess and mitigate risks associated with the sale of illegal, unsafe or counterfeit products on its e-commerce platform. The Commission has ordered the platform to take action in this regard. Failure […]
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The Commission outlines measures to strengthen the European banking sector and support growth
On 17 July ,the European Commission adopted a Communication on the competitiveness of the EU banking sector, setting out measures to strengthen the single banking market. President of the European Commission Ursula von der Leyen said: “Getting capital flowing is how we will get Europe growing. Our Savings and Investments Union needs a strong, competitive banking sector […]
Read MoreMultiannual Financial Framework 2028–2034: The Council agrees on a negotiating position on EU support for migration, border management and internal security
On 15 July, the Council agreed on its partial negotiating position on the regulation establishing EU financial support for migration, border management and visas, and internal security for the period 2028–2034. These financial instruments will help Member States to implement the Pact on Migration and Asylum, ensure the efficient management of the EU’s external borders […]
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The European Commission approves amendments and an increase in the state aid budget relating to fuel prices
The European Commission has approved amendments — as well as a budget increase of €65 million — to two Spanish state aid schemes aimed at agricultural and fisheries businesses facing rising fuel prices due to the crisis in the Middle East. The amendments have been approved under the Temporary Framework for Aid in Response to […]
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Digital euro: green light for negotiations
On July 18th, the European Parliament backed the start of talks with the Council on the proposal for a digital euro, to ensure secure payments and reduce reliance on providers outside the EU. With 416 votes in favour, 169 against and 22 abstentions, Parliament authorised the opening of interinstitutional negotiations on the creation of the […]
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The European Parliament backs the modernisation of the agreement with Mexico and the promotion of trade
On Wednesday, Parliament gave the green light to two agreements that pave the way for strengthening political relations and expanding trade between the European Union and Mexico. The Modernised Comprehensive Agreement between the EU and Mexico will replace the current framework, which has been in force since 2000, with the aim of promoting new business […]
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