The Commission has adopted a Retail Investment Package that places the consumers’ interests at the centre of retail investing. The aim is to empower retail investors (i.e. “consumer” investors) to make investment decisions that are aligned with their needs and preferences, ensuring that they are treated fairly and duly protected. This will enhance retail investors’ […]
Read MoreCouncil adopts position on ecodesign requirements
The Council has adopted its position (‘general approach’) on the proposed regulation establishing a framework for setting ecodesign requirements for sustainable products. The new regulation will replace the existing 2009 directive and enlarge the scope to set environmental sustainability requirements for almost all kind of goods placed on the EU market. It establishes a Digital […]
Read MoreFirst EU-India Trade and Technology Council
The European Union and India have held their first ministerial meeting of the Trade and Technology Council (TTC) today in Brussels. The TTC is a key forum to deepen the strategic partnership on trade and technology between the two partners. Geostrategic challenges have reinforced the EU and India’s common interest in ensuring security, prosperity and […]
Read MoreCouncil adopts EU rules on crypto-assets market
The EU brings crypto-assets, crypto-assets issuers and crypto-asset service providers under a regulatory framework. Setting an EU level legal framework for this sector for the first time, the Council adopted a regulation on markets in crypto-assets (MiCA). MiCA will protect investors by increasing transparency and putting in place a comprehensive framework for issuers and service providers including compliance […]
Read MoreEurogroup discusses banking union and capital markets union and progress on the digital euro project
Eurogroup, 15 May 2023 Agenda highlights In usual composition: Macroeconomic developments in the euro area The Commission presented its spring economic forecasts. On this basis, the Eurogroup exchanged views on the economic outlook and the challenges for future policy coordination. Spring 2023 Economic Forecast Business: structural challenges ahead in a context of heightened geopolitical tensions […]
Read MoreEU trade in high-tech products up in 2022
In 2022, the EU imported €482 billion worth of high-tech products from extra-EU countries (+22% compared with 2021). Exports to these countries reached €446 billion (+16% compared with 2021). More than half of imports from China and the United States In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (38%; €183 billion) and the United States (19%; €91 […]
Read MoreSpring Economic forecast for Spain
Following strong expansion in 2022, economic activity is expected to slow down in 2023. Labour market resilience and the implementation of the Recovery and Resilience Plan (RRP) are set to sustain growth, which is forecast to accelerate further in 2024. Headline inflation is projected to moderate on the back of to lower energy prices. The […]
Read MoreParliament warns of impact of recovery costs on EU budget by 2024
Parliament warned on Wednesday about the impact of recovery costs on the bloc’s 2024 budget, putting the bloc’s main plans at risk. MEPs are “deeply concerned that, if the necessary measures are not taken, the cost of increased funding for European recovery instruments could severely constrain the EU budget in terms of financing EU priorities […]
Read MoreCommission launches pilot system to monitor semiconductor supply chain
The European Commission has launched the Semiconductor Alert System, a new pilot system to monitor the semiconductor supply chain. The pilot allows stakeholders to raise awareness on any critical disruption along the semiconductors’ value chain and helps the Commission to gather information needed to establish a precise assessment of risks and to quickly react to any potential crisis situation via the European […]
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