Last Thursday, the Commission disbursed €1.4 billion to Spain in pre-financing grants related to the REPowerEU funds under the Recovery and Resilience Mechanism (RRM). This second and final REPowerEU pre-financing tranche complements the €340 million of loans previously disbursed to Spain on 25 January 2024. This pre-financing will help accelerate the implementation of the key […]
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EU leaders greenlight €64.6 billion in additional funding
EU leaders greenlit additional funding for the multiannual financial framework 2021-2027 and discussed support for Ukraine. They also discussed the situation in the Middle East and agriculture, and paid tribute to former European Commission President Jacques Delors, who passed away on 27 December 2023. Mid-term revision of EU long-term budget 2021-2027 As a follow-up to their meeting in December, EU leaders discussed […]
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Deal on new stricter anti money laundering rules
The Council and Parliament found a provisional agreement on parts of the anti-money laundering package that aims to protect EU citizens and the EU’s financial system against money laundering and terrorist financing. With the new package, all rules applying to the private sector will be transferred to a new regulation, while the directive will deal […]
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EU Ministers take forward work on 2024 European Semester
The Belgian Presidency presented its work programme for the first semester of the year in the field of economic and financial affairs. The Presidency will focus on finalising the Union’s economic governance review, on continued financial support to Ukraine, and on legislation governing the Banking Union and the Capital Markets Union. Moreover, the Presidency will work on […]
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European Commission and EIF join forces to boost investment in defence innovation
The European Commission and the European Investment Fund (EIF) have joined forces to step up their support to EU’s defence and security through the launch of the Defence Equity Facility. The initiative, consisting of €100 million from the European Defence Fund and an additional €75 million from the European Investment Fund, will significantly expand EIF’s investment capacity to support, […]
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25 years of the euro: the value of unity in a changing world
25 years ago, on 1 January 1999, the euro came into force as the single currency for 11 EU Member States. It now serves the economy and eases life for 350 million people in 20 countries. The case for Europe has always rested on solving problems that countries could not address alone. After the Second […]
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EU to invest over EUR 65 million in clean technology projects
The Commission has today selected 17 small-scale innovative clean tech projects to receive over €65 million in project support under the EU Innovation Fund. These funds will help companies in Europe, including small businesses, to bring breakthrough technologies to the market in energy-intensive industries, renewable energy, and energy storage. The selected projects cover a wide range […]
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European Innovation Council: EUR 1.2 billion for strategic technologies and business expansion
The Commission adopted the work programme of the European Innovation Council (“the ERC”) for 2024, which will offer funding opportunities worth more than €1.2 billion by 2024. The bulk of this funding goes to SMEs and start-ups to develop and scale up their ‘deep tech’ innovations in critical areas such as generative artificial intelligence, space, […]
Read MoreCommission approves modification of the regional aid map 2022-2027 for Spain
The European Commission has approved, under EU state aid rules, a modification of Spain’s regional aid map until 31 December 2027, under the Regional Aid Guidelines. On 17 March 2022, the Commission approved the regional aid map 2022-2027 for Spain, as well as its amendment of 9 March 2023 to increase the aid intensity in […]
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