The Council decided to amend its yearly budget to provide €668 million in disaster relief aid to Germany, Belgium, Spain, the Netherlands, Luxembourg, Greece and Austria. The money will be used to repair damage inflicted by the major natural disasters that hit these seven member states in 2021. In practice this means that the […]
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Eurogroup – Main results: Ministers discussed economic developments in the euro area – 7 November 2022
Economic developments in and outlook for the euro area The Eurogroup exchanged views on the latest economic developments in and the outlook for the euro area, following presentations by the European Commission and the European Central Bank (ECB). Fiscal policy in the euro area: update on draft budgetary plans Following a presentation by the […]
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Commission acts to promote transparency in the short-term rental sector to the benefit of all players
The Commission adopted a proposal for a Regulation to enhance transparency in the field of short-term accommodation rentals and help public authorities ensure their balanced development as part of a sustainable tourism sector. While short-term accommodation bookings offer benefits for hosts and tourists, they can create concerns for certain local communities struggling, for instance, with […]
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Borrell to visit Uruguay and Argentina and co-chair CELAC-EU Ministerial
High Representative/Vice President Josep Borrell will travel to Latin America, the third time of his current mandate, starting in Uruguay on 24 October and continuing to Argentina from 25 October. His mission aims to further strengthen both bilateral and regional relations, in particular through co-chairing the EU-CELAC Foreign Ministers Meeting which will pave the way for further high-level […]
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Eurobarometer survey highlights how Europeans interact with the financial services world
The European Commission has today published a Eurobarometer survey on how Europeans interact with the financial services world, in particular given its ever-increasing digitalisation and the development of sustainable finance. Overall, 86% of Europeans say that they feel confident in managing their personal finances, and 73% feel confident with banking online. However, the results vary […]
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EU exports under Free Trade Agreements surpass €1 trillion
EU trade deals mean increased exports, more stable economic relations and secure access to resources, a new report out today shows. EU exports to preferential partners for the first time surpassed €1 trillion in 2021, according to the Commission’s 2nd Annual Report on the Implementation and Enforcement of EU Trade Agreements. The Report also shows […]
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Cryptocurrency dangers and the benefits of EU legislation
Why and how should the EU build crypto-regulation to foster innovation and protect users? The use of crypto-assets and the technology behind them has proven to be both immensely promising and problematic. The EU wants to help boost the development of these technologies and their use in the EU, while protecting users. Risks of crypto-assets […]
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EU acts to reduce harmful chemicals
The new rules will further reduce the amount of dangerous chemicals in waste and production processes by introducing stricter limits, removing pollutants from the recycling chain and banning certain chemicals. As the EU moves towards a circular economy, which promotes the re-use and recycling of products, it is taking action to ensure toxic chemicals do not […]
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Commission adopts a more flexible antitrust Informal Guidance Notice; withdraws Antitrust COVID Temporary Framework
The European Commission has adopted a revised Informal Guidance Notice that allows businesses to seek informal guidance on the application of EU competition rules to novel or unresolved questions. The revised Informal Guidance Notice provides for more flexible conditions and aims at increasing legal certainty, to the benefit of businesses seeking the guidance when assessing the […]
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