The Commission is providing guidance to Member States on the conduct and coordination of fiscal policy for next year. This guidance comes as discussions on the future economic governance framework are ongoing. Overall, fiscal policies in 2024 should ensure medium-term debt sustainability and promote sustainable and inclusive growth in all Member States. Implications of deactivating the […]
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European Union E-commerce continues to grow
According to the most recent annual survey on the use of ICT in households and by individuals, online shopping continues to grow in the EU. In 2022, 91% of EU citizens aged 16 to 74 had used the internet, with 75% purchasing or ordering goods or services for personal use. The proportion of e-shoppers increased […]
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New EU mechanism to protect local craft and industrial products
The Legal Affairs Committee adopted its position on a new scheme to ensure the geographical indication of traditional crafts is protected in the EU and globally. With 19 votes in favour, MEPs from the Legal Affairs Committee (JURI) adopted unanimously on Tuesday a draft negotiating mandate on legislation introducing a geographical indication (GI) protecting the […]
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How is the EU working on the circular economy?
By using this model of production and consumption, we can reduce pollution and look to the future with greater optimism. What is the EU currently doing to promote the circular economy? The European Parliament defines the circular economy as: “a model of production and consumption that involves sharing, renting, reusing, repairing, restoring and reusing existing […]
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An agreement signed by the EIB and the European Commission to boost private sector investment in African, Caribbean and Pacific countries
The European Investment Bank (EIB) and the European Commission signed agreements totaling EUR 4 billion on February 28, including a guarantee agreement that will mobilize up to EUR 3.5 billion in loans and EUR 500 million in Trust Fund contributions to African, Caribbean and Pacific (ACP) countries by 2027. The agreement marks an important step […]
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US was the EU’s largest maritime freight partner in Q2 2022
Recent Eurostat data shows that, in terms of total gross weight of goods, the United States was the EU’s largest maritime freight transport partner in the second quarter of 2022, with a total of 61 million tonnes, surpassing Russia (57 million tonnes). Russia came in second position, followed by the United Kingdom (55 million tonnes), […]
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The visit to Spain by the European Parliament’s Committee on Budgetary Control to evaluate the recovery funds comes to an end
The delegation met with members of the Spanish Government, including Nadia Calvinho, First Vice-President and Minister of Economy and Digital Transformation; María Jesús Montero, Minister of Finance and Public Administrations; and José Luis Escrivá, Minister of Inclusion, Social Security and Immigration. They also met with parliamentarians from Castilla-La Mancha, Madrid, Extremadura, Andalusia and Aragon, as […]
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The Council will include REPowerEU chapters in the Recovery and Resilience Facility
The Council formally adopted a regulation modifying the Recovery and Resilience Facility to include REPowerEU chapters. The goal is to increase the EU’s strategic autonomy by diversifying its energy supplies and ending its reliance on Russian fossil fuel imports. This is the last step in the adoption process. In practise, under NextGenerationEU, member states will […]
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The Enterprise Europe Network arrives in Colombia
For the first time, the Enterprise Europe Network will have a representation in Colombia to promote the internationalization of companies from the country to Europe and vice versa. The Enterprise Europe Network (EEN) helps companies innovate and grow in the EU single market and beyond. It is the world’s largest service provider for small and […]
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