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 […]
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Multiannual 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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The Commission is proposing five joint defence projects to strengthen Europe’s industrial capabilities
The European Commission has proposed five new large-scale projects, known as European Defence Projects of Common Interest (EDPCI),to help EU countries strengthen their defence capabilities through the joint development of key military systems. The industrial projects focus on five priority areas: drones and anti-drone systems; maritime and seabed defence; space; air and missile defence; and […]
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The Commission has approved Spain’s sixth payment request, worth EUR 5,700 million, under the NextGenerationEU programme
On 2 July, the European Commission gave partial approval to Spain’s sixth payment request, worth EUR 5,700 million, under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. At the same time, it has approved a payment for two milestones that had previously been suspended under the fifth payment request. This is an important step […]
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