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 MoreEuropean Union publishes winter economic forecast for 2023
Almost one year after Russia launched its war of aggression against Ukraine, the EU economy entered 2023 on a better footing than projected in autumn. The Winter interim Forecast lifts the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area. Both areas are now set to narrowly avoid […]
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 MoreHow much do households spend on food and alcohol?
In 2021, households in the EU spent over €1 035bn (equivalent to 7.1% of the total EU GDP) on ‘Food and non-alcoholic beverages’. This represents a share of 14.3% of total household expenditure. Compared with 2020 (14.8% share), this represents a decrease of 0.5 percentage points (pp). The highest shares for ‘Food and non-alcoholic beverages’ […]
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 […]
Read MoreThe European Central Bank raises interest rates to 3%
The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. Accordingly, the Governing Council decided to raise the three key ECB interest rates by 50 basis points […]
Read MoreThe European Commission presents a Green Deal Industrial Plan to enhance the competitiveness of Europe’s net-zero industry
The Commission presents a Green Deal Industrial Plan to enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality. The Plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologies and products required to meet Europe’s ambitious climate targets. […]
Read MoreThe Single Market, the key instrument for meeting current challenges, turns 30 years old
The Commission has published the 2023 Annual Single Market Report and the 2022 Single Market Scoreboard, as part of activities to mark the 30th anniversary of the Single Market. The reports confirm that the Single Market remains a key tool to address Europe’s current challenges and highlight the importance of continuously improving its functioning, as well as […]
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