The inflation outlook continues to be too high for too long. In light of the ongoing high inflation pressures, the Governing Council decided to raise the three key ECB interest rates by 25 basis points. Overall, the incoming information broadly supports the assessment of the medium-term inflation outlook that the Governing Council formed at its […]
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EIF and BBVA sign €200M guarantee agreement to support start-up companies
The European Investment Fund (EIF) and BBVA are set to make it easier for startups with innovative and sustainable value propositions to get access to financing. The two institutions have concluded an agreement under the InvestEU guarantee programme whereby the EIF will grant a €200 million guarantee to enable BBVA Spark (BBVA’s specialised startup initiative) […]
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Eurogroup: Ministers discuss progress on the banking union
Main results Banking union and banking sector developments Macroeconomic and financial developments The Eurogroup took stock of macroeconomic and financial stability developments. The Commission and the European Central Bank (ECB) updated ministers on the macroeconomic and financial situation. The chair of the ECB Supervisory Board, Andrea Enria, and the chair of the Single Resolution Board, Dominique […]
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Commission and EIB announce €18M to boost investment in climate actions
The European Commission and the European Investment Bank have announced €18 billion in funding under Global Gateway, Europe’s investment strategy for partner countries. It will stimulate investment in Global Gateway priority areas (climate action, clean energy and connectivity) in European partner countries around the world. In particular, these projects will work to address the global […]
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Commission proposes new economic governance rules fit for the future
The Commission has presented legislative proposals to implement the most comprehensive reform of the EU’s economic governance rules since the aftermath of the economic and financial crisis. The central objective of these proposals is to strengthen public debt sustainability and promote sustainable and inclusive growth in all Member States through reforms and investment. The proposals address shortcomings in the […]
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Council adopts new rules on pay transparency
The Council has adopted new rules to combat pay discrimination and help close the gender pay gap in the EU. Under the pay transparency directive, EU companies will be required to share information about how much they pay women and men for work of equal value, and take action if their gender pay gap exceeds 5%. […]
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European Commission takes steps to cut red tape in merger cases
The European Commission has adopted a number of measures to further simplify its merger review procedures under the EU Merger Regulation. The package of measures includes: (i) a revised version of the Merger Implementing Regulation (“Implementing Regulation”), (ii) a Notice on simplified procedure (“Procedural Notice”), and (iii) a Notice on the transmission of documents (“Notice […]
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European Commission launches unannounced inspections at premises of fashion companies
On 18 April 2023, the European Commission has started unannounced inspections at the premises of companies active in the fashion industry in several Member States. In parallel, the Commission has sent out formal requests for information to companies active in the same sector. The Commission has concerns that the companies concerned may have violated EU […]
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The European Commission adopted a proposal to adjust and further strengthen the current crisis management framework for banks
On 18 April, the European Commission adopted a proposal to adapt and further strengthen the existing EU system of bank crisis management and deposit insurance, with a special focus on small and medium-sized banks. The EU banking sector, which has a strong crisis management system, has become more resilient in recent years. EU financial institutions […]
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