The EU economy continues to grow, albeit with reduced momentum. The forecast revises growth in the EU economy down to 0.8% in 2023, from 1% projected in the Spring Forecast, and 1.4% in 2024, from 1.7%. It also revises growth in the euro area down to 0.8% in 2023 (from 1.1%) and 1.3% in 2024 […]
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EU’s Trade Defence in 2022 report
The 2022 report on the EU’s trade defence activities, adopted today, shows that the European Commission has continued to be active and assertive in defending EU producers against unfair trade practices in 2022 by robustly applying the legislation and ensuring that measures are effective. The Commission has also acted to make sure that third countries […]
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Commission steps up protection of children from unsafe toys
The Commission proposed a Toy Safety Regulation revising the current rules to protect children from potential risks in toys. Toys put on the EU market are already among the safest ones in the world. The proposed rules will further improve this protection, in particular from harmful chemicals. They also aim at reducing the high number […]
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Commission opens investigation into possible anticompetitive practices by Microsoft regarding Teams
The European Commission has opened a formal investigation to assess whether Microsoft may have breached EU competition rules by tying or bundling its communication and collaboration product Teams to its popular suites for businesses Office 365 and Microsoft 365. Microsoft is a global technology company offering productivity and business software, cloud computing and personal computing. Teams is a cloud-based communication and collaboration […]
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ECB raises interest rates by 0.25 percentage points to curb inflation
Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It therefore today decided to raise the three key ECB interest rates by 25 basis points. The rate increase today reflects […]
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Enhancing EU resilience: A step forward to identify critical entities for key sectors
The Commission has adopted a list of essential services in the eleven sectors covered by the Critical Entities Resilience Directive (CER), which entered into force on 16 January 2023. Critical entities provide essential services in upholding key societal functions, supporting the economy, ensuring public health and safety, and preserving the environment. Member States will have to identify the […]
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Where does your ice cream come from?
In 2020, the EU produced over 2.9 billion litres of ice cream, representing a 9% decline from the previous year. Over the same period, EU Member States exported 232 million kilograms of ice cream to non-EU countries, worth a total of €752 million. In addition, imports of ice cream from countries outside the EU amounted to 79 […]
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New rules to boost EU chips industry
The Council gave its final approval to the Chips Act. The new regulation aims at doubling the EU’s global market share in semiconductors from 10% to at least 20% by 2030. Chips are essential for a wide range of technological and digital products, such as cars, household appliances and electronics. The EU Chips Act aims […]
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Commission published a Communication presenting the building blocks for a common European tourism data space
The Commission published a Communication presenting the building blocks for a common European tourism data space. This data space will allow tourism businesses and public authorities to share a broad range of data to inform the development of innovative tourism services, improve the sustainability of the tourism ecosystem and strengthen its economic competitiveness. Tourism is […]
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