The Commission decided to register a European Citizens’ Initiative (ECI) entitled ‘Taxing great wealth to finance the ecological and social transition’. The organisers of the initiative call on the Commission to establish a European tax on great wealth for the benefit of the ecological and social transition. The aim of the initiative is to contribute […]
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Commission adopts rules for implementing the Foreign Subsidies Regulation
The European Commission has adopted the rules for implementing the Foreign Subsidies Regulation (‘FSR’). The Implementing Regulation details procedural aspects of the implementation of the FSR. It also contains notification forms for concentrations involving foreign financial contributions and for foreign financial contributions in public procurement procedures. The Implementing Regulation The Implementing Regulation adopted takes into account the […]
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European Commission presents two proposals to support the use of cash and on a framework for a digital euro
The European Commission has put forward two proposals to ensure that citizens and businesses can continue to access and pay with euro banknotes and coins across the euro area, and to set out a framework for a possible new digital form of the euro that the European Central Bank may issue in the future, as […]
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Commission proposes to reinforce long-term EU budget
The European Union (EU) has faced a series of unprecedented and unexpected challenges since the adoption of the Multiannual Financial Framework (MFF) in 2020. Barely out of one of the deepest global economic crises in more than a century, Russia’s brutal invasion of Ukraine had huge humanitarian, economic and budgetary consequences. Migration has picked up […]
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The European Commission has presented its proposal for the next generation of own resources
As committed during the negotiations on the long-term EU budget 2021-2027, the European Commission has completed its proposal for a next generation of own resources. This package includes a new temporary statistical own resource based on company profits. Following the political agreement on the Fit For 55 package, which seeks to ensure EU policies contribute […]
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An EU approach to enhance economic security
The European Commission and the High Representative published a Joint Communication on a European Economic Security Strategy. This Joint Communication focuses on minimising risks arising from certain economic flows in the context of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of economic openness and dynamism. The proposed strategy sets out a […]
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According to the European Court of Auditors, Europe is in danger of losing the battery race
The EU risks falling behind in its bid to become a global battery powerhouse, according to a report published by the European Court of Auditors. It is true that the EU’s industrial policy on batteries has been promoted effectively in recent years. But access to raw materials remains a major roadblock, along with rising costs and […]
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EIB and Grupo Cajamar will direct €980 million in new financing to SMEs and mid-caps in rural areas and to green projects
The European Investment Bank (EIB) and Grupo Cooperativo Cajamar have signed a purchase agreement of a €350 million covered bond issue. The transaction enables the cooperative bank Cajamar to make up to €784 million in financing available to support investment in projects of small and medium-sized enterprises (SMEs) and mid-caps, especially those operating in rural […]
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Spain submits a petition to revise the recovery and resilience plan and include a REPowerEU chapter
On June 6, Spain submitted a request to the Commission to amend its recovery and resilience plan, to which it wishes to add a REPowerEU chapter. The general amendments proposed by Spain would add 18 reforms and 25 new or expanded investments, and would involve more than €95 billion of additional RRM funding. The proposed […]
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