Parliament endorsed the first EU rules to trace crypto-asset transfers, prevent money laundering, as well as common rules on supervision and customer protection. On Thursday, MEPs approved with 529 votes in favour to 29 against and 14 abstentions, the first piece of EU legislation for tracing transfers of crypto-assets like bitcoins and electronic money tokens. The text […]
Read MoreEuropean Union E-commerce continues to grow
According to the most recent annual survey on the use of ICT in households and by individuals, online shopping continues to grow in the EU. In 2022, 91% of EU citizens aged 16 to 74 had used the internet, with 75% purchasing or ordering goods or services for personal use. The proportion of e-shoppers increased […]
Read MoreUS was the EU’s largest maritime freight partner in Q2 2022
Recent Eurostat data shows that, in terms of total gross weight of goods, the United States was the EU’s largest maritime freight transport partner in the second quarter of 2022, with a total of 61 million tonnes, surpassing Russia (57 million tonnes). Russia came in second position, followed by the United Kingdom (55 million tonnes), […]
Read MoreThe Enterprise Europe Network arrives in Colombia
For the first time, the Enterprise Europe Network will have a representation in Colombia to promote the internationalization of companies from the country to Europe and vice versa. The Enterprise Europe Network (EEN) helps companies innovate and grow in the EU single market and beyond. It is the world’s largest service provider for small and […]
Read MoreEuropean Chips Act: the EU’s response to the semiconductor shortage
In a world facing a crisis due to lack of semiconductors, the European Chips Act aims to secure the EU’s supply by boosting domestic production. Since late 2020, there has been an unprecedented shortage of semiconductors around the globe. The semiconductor supply chain is very complex and vulnerable to events such as the Covid-19 outbreak. […]
Read MoreCommission clears creation of a joint venture by Deutsche Telekom, Orange, Telefónica and Vodafone
The European Commission has approved unconditionally, under the EU Merger Regulation, the creation of a joint venture by Deutsche Telekom AG Orange SA, Telefónica S.A. and Vodafone Group plc. The Commission concluded that the transaction would raise no competition concerns in the European Economic Area (‘EEA’). The joint venture will offer a platform to support […]
Read MoreEU acts against dumping of ceramic tile imports from India and Turkey
The Commission has imposed definitive anti-dumping measures on imports of ceramic tiles from India and Turkey for a period of five years. The decision comes as a result of an investigation initiated in December 2021 which found that EU producers have been injured by dumped imports from India and Turkey. The injury suffered by EU […]
Read MoreEU and India form Trade and Technology Council
The last Monday, February 6th, he EU and India have strengthened their relationship as strategic partners by setting up a new Trade and Technology Council (TTC). The new TTC will deepen strategic engagement on trade and technology between both partners. This follows the announcement by President of the European Commission Ursula von der Leyen and Prime Minister of […]
Read MoreEU and G7 agree to cap prices of Russian petroleum products
Additional price caps for Russian petroleum products that are transported by sea have been adopted by the European Union and the global G7+ Price Cap Coalition (such as diesel and fuel oil). Russia’s ability to conduct war in Ukraine will be diminished by this choice, which will further harm its financial streams. Additionally, it will […]
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