The Trans-Caspian Corridor, a rail and port route connecting Europe, Turkey, the rest of the Black Sea region, Armenia, Azerbaijan and Central Asia, is becoming an alternative trade route linking the two continents. Since 2022, trade on this route has quadrupled and, with the right investments, could triple by 2030. To help turn this momentum […]
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Commission approves €3 billion German State aid scheme to support cleantech manufacturing capacity
The European Commission has approved a €3 billion German State aid scheme to support strategic investments that add clean technology (cleantech) manufacturing capacity in line with the objectives of the Clean Industrial Deal. This measure will contribute to the transition towards a net-zero economy. The scheme was approved under the Clean Industrial Deal State Aid Framework (CISAF) adopted by […]
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The EU and KfW promote alternative financing for vulnerable businesses
The European Commission and KfW, the German development bank, announced the signing of a guarantee agreement worth up to €135 million to expand access to finance through alternative channels for micro, small and medium-sized enterprises (MSMEs) in the Western Balkans, the Eastern Neighbourhood, North Africa and the Middle East, and Turkey. Supported by the European […]
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New measures to protect EU steel market from global overcapacity
On Tuesday, the International Trade Committee adopted a series of measures to counteract the negative impact of global overproduction on the EU steel market. By 36 votes in favour and 2 against, with 5 abstentions, MEPs on the International Trade Committee have adopted their position on the proposed regulation to counteract the negative trade-related effects of the […]
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EU and India conclude landmark Free Trade Agreement
The EU and India concluded negotiations for a historic, ambitious and commercially significant free trade agreement (FTA), the largest such deal ever concluded by either side. It will strengthen economic and political ties between the world’s second and fourth largest economies, at a time of rising geopolitical tensions and global economic challenges, highlighting their joint commitment […]
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Commission fines fashion brands Gucci, Chloé and Loewe over €157 million for anti-competitive pricing practices
The European Commission has fined fashion companies Gucci, Chloé and Loewe for fixing resale prices in breach of EU competition rules. The Commission’s investigation revealed that the three companies restricted the ability of the independent third party retailers they worked with to set their own online and offline retail prices for products designed and sold […]
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Commission proposes plan to protect EU steel industry from unfair effects of global overcapacity
The Commission has tabled a proposal to protect the EU steel sector from the unfair effects of global overcapacity, a vital step to ensure the long-term viability of a strategically crucial industry. Fulfilling the commitments set out in the EU Action Plan for Steel and Metal, the proposal maintains the principle of open trade and […]
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Commission launches new initiatives with industry to boost Europe’s Automotive leadership
Last September 12, President Ursula von der Leyen chaired the third Strategic Dialogue on the Future of the European Automotive Industry, bringing together the European automotive industry, social partners, and other stakeholders in Brussels. The meeting reaffirmed the need to act fast to implement the Automotive Action Plan. As technology transforms mobility and geopolitics reshapes global competition, there […]
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Commission proposes EU Space Act to boost market access and safety
Last June 25, the European Commission has proposed the EU Space Act, a new set of ambitious measures to make Europe’s space sector cleaner, safer and more competitive in Europe and its export markets. Europe’s space rules are currently fragmented, with many different national approaches. This patchwork holds back innovation, reduces the European market share and creates extra costs. A clear and harmonised framework at European level will ensure safety, resilience, and environmental […]
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