In 2019, 99% of importing enterprises in total trade (intra-EU and extra-EU) were small and medium-sized enterprises (SMEs), while this share was only slightly lower for exporting enterprises (98%). For both importing and exporting enterprises, this value remained almost unchanged between 2015 and 2019. Micro enterprises represented the highest share of importing enterprises (77%), significantly higher than […]
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Economic costs of heatwaves to increase five-fold by 2060
Scientists calculate that heatwaves, due to their impact on human productivity, are causing significant damage to Europe’s economy. New estimates show that the negative impact is set to increase sharply in the next decades. The number of days with extreme heat doubled in Europe between 1960 and 2017. Climate change projections estimate that heatwaves will […]
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Spain to receive €272 million to tackle the negative effects of Brexit
The Council gave its final approval to a fund designed to help member states tackle the negative impact of Brexit. The fund of five billion euros (in 2018 prices) will support the hardest hit regions, sectors and communities to cover extra costs, compensate losses or counter other adverse economic and social effects resulting directly from […]
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State aid: Commission to further facilitate implementation of aid measures promoting the green and digital transition
The European Commission is inviting Member States and all other interested parties to comment on certain proposed amendments to the General Block Exemption Regulation (GBER). The purpose of the proposed revision is to reflect the changes to various sets of State aid Guidelines, which are currently being reviewed and to further facilitate public support for the EU’s green and […]
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DesignEuropa Award Finalists and winner of the Career Achievement Award
The finalists for the DesignEuropa Awards in the “Industry” and “Small and Emerging Companies” categories have been revealed, as well as the winner of the Career Achievement Award. The finalists come from seven countries: Germany, Spain, the United States, Italy, the Netherlands, Poland and Sweden. They range from major brands such as Philips, John Deere, […]
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Women in Economics: Lisa D. Cook
Listen to the brightest minds in the field of economics and development discuss their latest research and deconstruct global economic trends. IMF Podcasts are also available on other digital platforms such as Spotify, SoundCloud, Libsyn, and free to use for broadcasters, educators and institutions. This is the first in a series of IMF podcasts that will showcase extraordinary […]
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EUROPEAN AGENDA: Economy
European institutions and agencies are acting decisively to mitigate the socio-economic impact in the European Union of the crisis caused by the coronavirus. Below we highlight what the European institutions have been working on to date: Next Meetings INSTITUTIONS MEETINGS DATES European Council 04.10.2021 Eurogroup European Council 05.10.21 Economic and Financial Affairs Council September 16, […]
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“Less is more” : the Bauhaus spirit
One hundred years ago, the Bauhaus movement revolutionized design and architecture: its influence is still immense but now tamed to make it more habitable. -What was the Bauhaus and what does its name mean? The definition of the Bauhaus Movement seems simple: the origin of the term comes from a word created by the German […]
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Business registrations and bankruptcies in the EU
In the second quarter of 2021, registrations of new businesses increased by 5.3% when compared with the previous quarter. In the case of declared bankruptcies, there was a growth of 1.8% in the second quarter of 2021 compared to the first quarter of 2021. The graph below shows the evolution of company registrations (blue line) […]
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