The Commission has launched a Trusted Investors Network bringing together a group of investors ready to co-invest in innovative deep-tech companies in Europe together with the EU. The Union’s investment comes from the European Innovation Council (EIC) Fund, which is part of the EU research and innovation programme Horizon Europe. The first group comprises 71 investors […]
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Cooperation on screening of foreign direct investments strengthens EU security
EU Member States and the Commission are strengthening their cooperation on identifying and addressing investments from third countries that threaten EU security or public order, according to a Commission report published today. The 4th Annual Report on the screening of foreign direct investments (FDI) into the Union observes that the number of notifications to the EU cooperation mechanism increased by 18% since the […]
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Which EU regions are receiving the most foreign tourists?
In 2023, the number of people travelling abroad for tourism had fully recovered from the impact of the COVID-19 crisis, with restrictions lifted for all destinations. The 3 EU regions at level 2 of the nomenclature of territorial units for statistics (NUTS 2) with the highest number of nights spent by foreign tourists were the Spanish island regions of […]
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The European Court of Auditors (ECA) publishes its Annual Report on the EU budget 2023
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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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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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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