In 2021-2027, Spain will benefit from €37.3 billion in Cohesion Policy funding to accelerate the country’s green transition, finance innovation and digitisation, increase the employment rate and improve local social services. The strategy and details for these investments are set out in the Partnership Agreement between Spain and the Commission. The strategy will mainly focus […]
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Parliament wants new sources of revenue for the EU
Parliament is set to back new sources of revenue for the EU amid the current crises in an attempt to make the budget fit for future challenges. Amid numerous challenges for the EU’s budget, including the aftermath of the Covid-19 pandemic, the war in Ukraine and the energy crisis, the Parliament is set to back proposals […]
Read MoreThe Commission has approved a Spanish scheme worth 88.3 M € to support connectivity in rural areas
The European Commission has approved, under EU State aid rules, an €88.3 million Spanish scheme made available through the Recovery and Resilience Facility (‘RRF’) to support the provision of wholesale services and retail broadband services in remote rural areas in Spain. The measure is part of Spain’s strategy to address the needs of citizens and […]
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EU budget for 2023: Council and Parliament reach agreement
The Council and the European Parliament have this week reached an agreement on the EU budget for 2023 that places particular emphasis on the EU’s main strategic priorities. Total commitments are set at €186.6 billion. This is an increase of 1.1% compared to the 2022 budget as amended. €0.4 billion have been kept available under […]
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Autumn 2022 Economic Forecast: The EU economy at a turning point
After a strong first half of the year, the EU economy has now entered a much more challenging phase. The shocks unleashed by Russia’s war of aggression against Ukraine are denting global demand and reinforcing global inflationary pressures. The EU is among the most exposed advanced economies, due to its geographical proximity to the war […]
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European Council agrees 9.5 million euro aid for Spain following the volcano on La Palma
The Council decided to amend its yearly budget to provide €668 million in disaster relief aid to Germany, Belgium, Spain, the Netherlands, Luxembourg, Greece and Austria. The money will be used to repair damage inflicted by the major natural disasters that hit these seven member states in 2021. In practice this means that the […]
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Eurogroup – Main results: Ministers discussed economic developments in the euro area – 7 November 2022
Economic developments in and outlook for the euro area The Eurogroup exchanged views on the latest economic developments in and the outlook for the euro area, following presentations by the European Commission and the European Central Bank (ECB). Fiscal policy in the euro area: update on draft budgetary plans Following a presentation by the […]
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Borrell to visit Uruguay and Argentina and co-chair CELAC-EU Ministerial
High Representative/Vice President Josep Borrell will travel to Latin America, the third time of his current mandate, starting in Uruguay on 24 October and continuing to Argentina from 25 October. His mission aims to further strengthen both bilateral and regional relations, in particular through co-chairing the EU-CELAC Foreign Ministers Meeting which will pave the way for further high-level […]
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Eurobarometer survey highlights how Europeans interact with the financial services world
The European Commission has today published a Eurobarometer survey on how Europeans interact with the financial services world, in particular given its ever-increasing digitalisation and the development of sustainable finance. Overall, 86% of Europeans say that they feel confident in managing their personal finances, and 73% feel confident with banking online. However, the results vary […]
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