The Commission has launched a package of measures to support European startups and SMEs in the development of trustworthy Artificial Intelligence (AI) that respects EU values and rules. This follows the political agreement reached in December 2023 on the EU AI Act – the world’s first comprehensive law on Artificial Intelligence – which will support the […]
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Deal on new stricter anti money laundering rules
The Council and Parliament found a provisional agreement on parts of the anti-money laundering package that aims to protect EU citizens and the EU’s financial system against money laundering and terrorist financing. With the new package, all rules applying to the private sector will be transferred to a new regulation, while the directive will deal […]
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EU Ministers take forward work on 2024 European Semester
The Belgian Presidency presented its work programme for the first semester of the year in the field of economic and financial affairs. The Presidency will focus on finalising the Union’s economic governance review, on continued financial support to Ukraine, and on legislation governing the Banking Union and the Capital Markets Union. Moreover, the Presidency will work on […]
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Music streaming sector: EU must ensure just pay for artists and fair algorithms
On Wednesday, the European Parliament called for EU rules to ensure the music streaming sector is fair and sustainable, and to promote cultural diversity. In a resolution adopted by 532 votes to 61 and 33 abstentions, MEPs ask for the imbalance in revenue allocation from the music streaming market to be addressed, as it currently […]
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Commission accepts commitments by Renfe opening up competition in online rail ticketing in Spain
The European Commission has made commitments by Renfe legally binding under EU antitrust rules. The commitments address the Commission’s preliminary competition concerns relating to Renfe’s refusal to supply all its content and real-time data related to its passenger rail transport services to rival ticketing platforms. The Commission’s preliminary concerns Renfe, the Spanish state-owned rail incumbent operator, competes […]
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The European Commission has published its 2023 Summary Report on the Implementation of the European Structural and Investment Funds
The European Commission published its 2023 Summary Report on the Implementation of the European Structural and Investment Funds (ESI Funds), showcasing some of the overarching achievements of the ESI funds as things stood at the end of 2022. These funds are the main financial instruments of Cohesion Policy, supporting regional development investments from the 2014 – 2020 […]
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European Commission and EIF join forces to boost investment in defence innovation
The European Commission and the European Investment Fund (EIF) have joined forces to step up their support to EU’s defence and security through the launch of the Defence Equity Facility. The initiative, consisting of €100 million from the European Defence Fund and an additional €75 million from the European Investment Fund, will significantly expand EIF’s investment capacity to support, […]
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25 years of the euro: the value of unity in a changing world
25 years ago, on 1 January 1999, the euro came into force as the single currency for 11 EU Member States. It now serves the economy and eases life for 350 million people in 20 countries. The case for Europe has always rested on solving problems that countries could not address alone. After the Second […]
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EU to invest over EUR 65 million in clean technology projects
The Commission has today selected 17 small-scale innovative clean tech projects to receive over €65 million in project support under the EU Innovation Fund. These funds will help companies in Europe, including small businesses, to bring breakthrough technologies to the market in energy-intensive industries, renewable energy, and energy storage. The selected projects cover a wide range […]
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