Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas last 23rd March, for collective European action to address the root causes of the problem in the gas market and ensure security of supply at reasonable prices for next winter and beyond. Leaders will continue the discussion on […]
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Adaptation to Brexit: Commission approves EUR 2 billion in pre-financing for 12 Member States
The Commission has approved the disbursement of more than EUR 2 billion under the Brexit Adjustment Reserve to a group of twelve Member States. Under this decision, €819.2 million will be made available by the end of March 2022 and the remainder by April 2023 at the latest. This funding will help mitigate the impact […]
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New ECB monetary policy decisions
The Russian invasion of Ukraine is a turning point for Europe. The Governing Council expresses its unconditional support for the people of Ukraine. The Governing Council will ensure adequate liquidity conditions and implement the sanctions agreed by the European Union and European governments. It will also take all necessary measures to fulfil the price stability […]
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Sustainable blue economy
The European Green Deal and the Recovery Plan for Europe will define the European economy for many years, or even decades. And the EU’s blue economy is fundamental to both efforts. Not only should the blue economy adhere, like every other sector, to the European Green Deal. It is also indispensable to meet the EU’s […]
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Negotiations on the future EU-Mexico trade agreement
A delegation of trade MEPs will be in Mexico to discuss the prospects for the modernized EU-Mexico agreement and other issues on the bilateral economic and trade agenda. Between February 22 and 24, a six-member delegation of the International Trade Commission (INTA) will meet with representatives of the Mexican Congress and government, industrial organizations, European […]
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Transport investment and development in the EU
The EU is moving towards its main objectives of EU transport policy are: promoting sustainable forms of transport, improving the digitalization of transport and making the transport system more resilient. The Commission adopted on February 9 the European Innovation Council (EIC) Work Program 2022, which offers funding opportunities worth more than €1.7 billion in 2022 […]
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Economic Forecasts 2022: Constraints on EU Growth
The winter 2022 economic forecast indicates that, after a remarkable 5.3% expansion in 2021, the EU economy will grow by 4.0% in 2022 and 2.8% in 2023. Growth in the euro area is also forecast to stand at 4.0% in 2022 and to moderate to 2.7% in 2023. Following the vigorous pickup in economic activity […]
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Bivalve mollusk market resumes in the EU and USA
As from the end of this month, trade of molluscan shellfish – such as mussels, clams, oysters and scallops – will resume between the EU and the US. Two EU Member States (Spain and the Netherlands) will be allowed to export molluscan shellfish to the US, whilst two American states (Massachusetts and Washington) can do […]
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ECB to stop buying debt in March
On February 3, the Governing Council confirmed the decisions taken at its monetary policy meeting last December, among which it will maintain interest rates and stop buying public debt by the end of March of this year. In the first quarter of 2022, the Governing Council is making net asset purchases under the PEPP at […]
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