The European Commission is launching a public consultation on the reform of the European Union’s electricity market design to better protect consumers from excessive price volatility, support their access to secure energy from clean sources, and make the market more resilient. The current system has delivered an efficient, well-integrated market for many years, allowing the EU […]
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EIB and the region of Valencia sign €50 million loan agreement for FGV to modernise and expand sustainable public rail transport
The European Investment Bank (EIB) and the region of Valencia have signed a €50 million finance contract for Ferrocarrils de la Generalitat Valenciana (FGV), a public company owned by the regional government responsible for operating and managing regional railways, the Valencia metro network and the Alicante tram. The loan is the first tranche of approved financing […]
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EU increases humanitarian aid funding to 1.7 billion euros for 2023
As humanitarian needs continue to rise globally, the EU maintains its commitment to support those in need by adopting its initial annual humanitarian budget of €1.7 billion for 2023. Human-induced humanitarian crises, resulting from wars with often widespread violations of international humanitarian law, conflicts or outbreaks of violence are the main source of humanitarian needs […]
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Digital Markets Act: rules for digital gatekeepers to ensure open markets enter into force
The EU Digital Markets Act (DMA) entered into force on 1 November. The new Regulation will put an end to unfair practices by companies that act as gatekeepers in the online platform economy. It was proposed by the Commission in December 2020 and agreed by the European Parliament and the Council in record-time, in March […]
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Eurogroup welcomed Croatia to the euro family – 16 January 2023
Euro area enlargement: update on euro cash changeover in Croatia The Eurogroup marked the particular occasion of Croatia’s euro accession. The Croatian minister, the Commission and the ECB updated ministers on the state of play on the changeover to the euro. Digital euro: stocktake on the advancement of the project The Eurogroup took stock of […]
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Thierry Breton, Commissioner for the Internal Market, visits Madrid
The visit to Madrid by the Commissioner for the Internal Market, Thierry Breton, which began the previous day with a meeting with the Minister of Science and Innovation, Diana Morant, concluded on January 10, when the Commissioner and the Minister discussed about the European space policy and other strategic issues. Afterwards, in a working lunch […]
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Cost of living crisis: Europeans expect additional EU measures
The rising cost of living is the most pressing worry for 93 % of Europeans, followed by the threat of poverty and social exclusion (82 %) Recent crises strengthened citizens’ support for the European Union: 72 % believe that their country has benefited from being a member of the EU and 62 % see EU […]
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Foreign subsidies regulation enters into force to ensure fairer EU markets
The Foreign Subsidies Regulation (‘FSR’) enters into force. This new set of rules for addressing distortions caused by foreign subsidies will allow the EU to remain open to trade and investment, while ensuring a level playing field for all companies operating in the Single Market. The Regulation was proposed by the Commission in May 2021 and agreed by […]
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Nights booked online up 9% in the Summer of 2022
During the third quarter of 2022, which included the traditional summer holiday months of July and August, guests spent around 251 million nights in short-term rental accommodation in the EU, booked via Airbnb, Booking, Expedia Group or TripAdvisor, an increase of around 24%, compared with the same period of 2021. With this value, platform tourism […]
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