The Commission welcomes the European Court of Auditor (ECA)’s extensive work on its Annual Report on the 2023 EU budget and takes note of the ECA’s valuable insights as regards the regularity of the EU budget implementation. Main achievements of the EU budget in 2023 In 2023, the EU budget continued delivering on our priorities. […]
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EU brings product liability rules in line with digital age and circular economy
The Council adopted a directive to update the EU’s civil liability law. The new liability rules better take into account that nowadays many products have digital features and that the economy is becoming increasingly circular. Bence Tuzson, Hungarian Minister of Justice stated “The product liability rules that the Council adopted today are good news for […]
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The Recovery and Resilience Facility continues to deliver, Commission third annual report shows
The implementation of the Recovery and Resilience Facility (RRF), at the heart of the EU’s recovery instrument NextGenerationEU, is speeding up, fostering continuous reform and investment progress in Member States. As shown in the Commission’s third Annual Report on the RRF adopted today, the Commission is supporting Member States in the full and timely delivery of their plans […]
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Council adopts rules for listing on European stock exchanges
The Council adopted the listing act, a legislative package that will make EU public capital markets more attractive for EU companies and facilitate the listing of companies of all sizes, including small and medium-sized enterprises (SMEs), on European stock exchanges. This marks the final step in the decision-making process. Mihály Varga, Hungarian minister of finance […]
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European citizens are most concerned about the cost of living
The European Parliament yesterday published the EU 2024 Post-Election Survey, which analyses the motivations for voting in the June elections and citizens’ priorities. Rising prices and the cost of living (42%) and the economic situation (41%) were the main reasons that motivated European citizens to vote in the June elections. In addition, a third of […]
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Commission report shows social investments and reforms support competitiveness, economic growth and social inclusion
Social investments and reforms in key areas can boost employment, social inclusion, competitiveness and economic growth. This is the main finding of the Commission’s 2024 Employment and Social Developments in Europe (ESDE) report. Reforms and financial support for early childhood education and care, skills development, lifelong learning, vocational training and certain job support schemes are particularly […]
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European Commission reinforces support for Ukraine by proposing comprehensive financial assistance package
The European Commission last week took a decisive step towards strengthening support for Ukraine by proposing a comprehensive financial assistance package, consisting of a loan cooperation facility with Ukraine of up to 45 billion euros and an exceptional macro-financial assistance loan of up to 35 billion euros. This package leverages extraordinary profits from immobilised Russian […]
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Mario Draghi outlines his plan to improve Europe’s competitiveness
On Tuesday, Mario Draghi outlined his blueprint for improving Europe’s competitiveness through closer cooperation in core areas and massive investment in shared objectives. Mr Draghi, author of a report on European competitiveness requested by the President of the European Commission, said that the EU needed to focus on three crucial issues: closing the innovation gap […]
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The Governing Council of the ECB decided today to reduce the interest rate on the deposit facility by 25 basis points
The Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to […]
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