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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Commission presents Global Gateway Investment Agenda with Latin America and Caribbean
During today’s EU-LAC Business Round Table as part of the EU-CELAC Summit, President Ursula von der Leyen has presented the EU-LAC Global Gateway Investment Agenda (GGIA), which revolves around the following pillars: a fair green transition, an inclusive digital transformation, human development and health resilience and vaccines. She also announced that Team Europe has committed over €45 billion to support the reinforced partnership […]
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Council agrees its position on 2024 draft budget
The ambassadors of member states to the EU (Coreper) agreed the Council’s position on the 2024 EU draft budget. In total, the Council’s position for next year’s budget amounts to €187.008 billion in commitments and €141.167 billion in payments. Overall, the Council takes a prudent approach. The Council stresses the importance for the budget for 2024 […]
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Commission decides to register initiative on taxing great wealth in the EU
The Commission decided to register a European Citizens’ Initiative (ECI) entitled ‘Taxing great wealth to finance the ecological and social transition’. The organisers of the initiative call on the Commission to establish a European tax on great wealth for the benefit of the ecological and social transition. The aim of the initiative is to contribute […]
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MEPs adopt legislation to boost EU chips industry
Plans to secure the EU’s supply of chips by boosting production and innovation, and establishing emergency measures against shortages, were adopted by Parliament on Tuesday. The new law, already agreed upon between Parliament and Council, aims to create a favourable environment for chip investments in Europe, by fast tracking permitting procedures and recognising their critical […]
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Commission adopts rules for implementing the Foreign Subsidies Regulation
The European Commission has adopted the rules for implementing the Foreign Subsidies Regulation (‘FSR’). The Implementing Regulation details procedural aspects of the implementation of the FSR. It also contains notification forms for concentrations involving foreign financial contributions and for foreign financial contributions in public procurement procedures. The Implementing Regulation The Implementing Regulation adopted takes into account the […]
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Eurobarometer: Europeans show more optimism regarding economy
The latest Standard Eurobarometer survey conducted in June 2023 and published yesterday shows that EU citizens continue to back overwhelmingly the energy transition and to expect massive investment in renewables. They continue to widely approve measures taken by the EU to support Ukraine and the Ukrainian people. They also support stronger EU defence cooperation and increased […]
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The Commission is proposing rules to make producers responsible for the full lifecycle of textile products
The Commission is proposing rules to make producers responsible for the full lifecycle of textile products and to support the sustainable management of textile waste across the EU. This initiative will accelerate the development of the separate collection, sorting, reuse and recycling sector for textiles in the EU, in line with the EU Strategy for Sustainable and Circular Textiles. Increasing the […]
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