EIF grants Laboral Kutxa a guarantee for €145 million in micro and social loans. This is the seventh agreement between the EIF and Laboral Kutxa, who have been working together for 10 years to support the social economy and microenterprise in Spain. The guarantee agreement is backed by the InvestEU programme which aims to mobilise […]
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Deal to reinforce the supply of critical raw materials
The Council and the European Parliament today reached a deal on the proposed regulation establishing a framework to ensure a secure and sustainable supply of critical raw materials, better known as the Critical Raw Materials Act. The agreement is provisional, pending formal adoption in both institutions. The political agreement reached today keeps the overall objectives […]
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Council and Parliament reach agreement on 2024 annual budget
The Council and the European Parliament reached agreement on the EU’s annual budget for 2024. Next year’s budget strongly focuses on the EU’s main policy priorities and reacts to the currently difficult geopolitical context. Total commitments are set at €189 385,4 million. €360 million have been kept available under the expenditure ceilings of the current multiannual financial framework for […]
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European Parliament calls for new own resources for the EU
To invest in Europe’s future and support the recovery, the EU has agreed on a binding calendar to introduce new revenue sources for the Union’s budget. In a deal on the EU’s 2021-2027 budget as well as the €750 billion Covid-19 recovery instrument on 10 November 2020, the Parliament, Council and Commission reached an agreement on a binding timeline for the […]
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The EU doubled its imports of green energy products by 2022
Clean energy is a fundamental part of the European Green Deal. In pursuit of this, green energy products such as wind turbines, liquid biofuels and solar panels are required. Utilising these energy products also reduces the energy import dependencies highlighted by Russia’s invasion of Ukraine. In 2022, the EU spent €28.4 billion on imports of green energy products […]
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Commission sends requests for information to TikTok and YouTube under the Digital Services Act
Yesterday, the European Commission has formally sent TikTok and YouTube requests for information under the Digital Services Act (DSA). The Commission is requesting the companies to provide more information on the measures they have taken to comply with their obligations related to protection of minors under the DSA, including the obligations related to risk assessments […]
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Instant payments: Council and Parliament reach provisional agreement
The Council and the European Parliament have reached a political agreement on the instant payments proposal, which will improve the availability of instant payment options in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance […]
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Trade in electric and hybrid cars continued to grow in 2022 in the EU
Between 2017 and 2022, the trade of electric and hybrid cars in the EU registered a staggering increase. In 2022, 42% of the total number of cars imported were electric or hybrid, indicating an increase of 35 percentage points (pp) compared with 2017. The change in exports was also clear with a 24 pp increase in 2022 (26% of the total number of […]
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Commission adopts new proposal on combining transport modes for more sustainable freight
The proposal on combined transport aims to make freight transport more sustainable by improving the competitiveness of intermodal freight – the transportation of goods using two or more transport modes – vis-à-vis road-only transport. The proposal updates the current Combined Transport Directive and completes the Greening Freight Package, the bulk of which was adopted in July 2023. The package will […]
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