Last July 16, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU’s gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, […]
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EU and OEACP reaffirm commitment to global sustainable development
The EU and the Organisation of African, Caribbean and Pacific States (OASECP) have issued a joint statement reaffirming their commitment to the United Nations 2030 Agenda and its Sustainable Development Goals (SDGs) for the 4th UN Conference on Financing for Development. In a declaration adopted last July 1 by the Council of the EU, the […]
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EU Council and Parliament agree on updated rules to strengthen consumer dispute resolution
The Council and the European Parliament have reached a provisional agreement to update, simplify and facilitate the existing alternative dispute resolution (ADR) framework, with the aim of making these procedures more accessible, appealing and better suited to the digital age. ADR refers to out-of-court procedures that help resolve disputes between consumers and traders, typically with […]
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CETA evaluation shows strong economic and social benefits
A study published last June 16 has found the EU and Canada Comprehensive Economic and Trade Agreement (CETA) boosted trade exports and diversified supply chains across all EU Member States. The study – carried out by independent experts, as part of the Commission’s commitment to evidence-based policy making – provides solid proof that open, rules-based, […]
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Commission proposes one-year delay of Basel III market risk rules
The European Commission has adopted last June 12 a delegated act that postpones by one additional year – until 1 January 2027 – the date of application of the one remaining part of the Basel III international standards in the EU – the Fundamental Review of the Trading Book (FRTB). The FRTB aims to introduce […]
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New companies selected for major investments under the EIC STEP Scale Up program
The Commission has announced the second group of companies that have successfully passed the assessment phase of the Scale Up call of the European Innovation Council’s (EIC) Strategic Technologies for Europe Platform (STEP). Together, they will receive up to a total of €90 million in equity investments, and will now move to the ERC Fund […]
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The EIF will allocate €2.5 billion from the Next Generation Fund to boost Spanish SMEs in innovation, sustainability and competitiveness.
The European Investment Fund (EIF), the European Investment Bank Group’s (EIB Group) equity investment arm for SMEs and midcaps, the Ministry of Economy, Trade and Enterprise and eleven financial institutions have signed guarantee agreements that will enable financial institutions to channel EUR 2.5 billion of new funding to the real economy. The funding will go […]
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Commission requests information for European savings and investment accounts scheme
The European Commission invites citizens and stakeholders to contribute to the development of a European savings and investment account scheme. This initiative, which is part of the Savings and Investment Union Strategy, aims to make it easier for citizens to participate in capital markets, improving the profitability of their savings while increasing the finance available […]
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European Commission revises high-risk countries list to boost global efforts against financial crime
The European Commission has updated its list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. EU entities covered by the AML framework are required to apply enhanced vigilance in transactions involving these countries. This is important to protect the EU financial system. A number […]
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