Following strong real GDP growth this year of 2.4%, economic activity is expected to slow down in 2024 to 1.7%. Headline inflation is projected to keep moderating over the forecast horizon, although upside risks persist. Based on unchanged policies, the general government deficit is set to remain slightly above 3% of GDP in 2024 despite […]
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The Interoperable Europe Act will improve online public services for people and businesses
The Commission welcomes the agreement reached last evening between the European Parliament and Council on the Interoperable Europe Act. This regulation will strengthen cross-border interoperability and cooperation in the public sector across the EU. The Commission proposed the Act to help achieve Europe’s digital targets for 2030, by making key public services available online to all […]
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According to the latest Eurobarometer, skills shortages are a serious problem for most EU SMEs
A new Eurobarometer survey released today finds that skills shortages are one of the most serious problems for Small and Medium-sized Enterprises (SMEs) in the EU. The challenge of skills shortages has grown over the years and now encompasses all EU Member States and all sectors of the economy. The survey is a useful tool in understanding […]
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InvestEU: EIF and Laboral Kutxa sign €145 million guarantee to support micro and social entrepreneurship in Spain
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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