The Commission has proposed an annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113.9 billion in grants under NextGenerationEU. The EU budget will continue to mobilise significant investments to boost Europe’s strategic autonomy, the ongoing economic recovery, safeguard sustainability and create jobs. The Commission will continue to prioritise green […]
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EU-US strengthen coordination on export controls on Russia
The European Commission and the US Commerce Department have agreed to strengthen coordination on the enforcement of export controls on Russia, building on the excellent cooperation under the US-EU Trade and Technology Council. In a meeting in Brussels, Deputy Secretary of Commerce Don Graves, US Ambassador to the European Union Mark Gitenstein and Assistant Secretary […]
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June 8 – World Oceans Day
June 8 marks World Oceans Day, a date established by the UN to recognize the importance of the oceans to the planet. The ocean covers more than 70% of the planet. It is our source of life and sustenance for humanity and all other organisms on earth. To commemorate this day. The CDE of Almeria […]
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Main results of the Foreign Affairs Council (Trade) – 3 June 2022
WTO reform and preparations for the 12th WTO ministerial conference Ministers discussed preparations for the 12th World Trade Organization ministerial conference (CM12), which will take place in Geneva from 12 to 15 June 2022 against the backdrop of Russia’s aggression against Ukraine and the COVID-19 pandemic. Ministers expressed broad support for the Commission’s suggested line of action for the 12th ministerial conference, in particular […]
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Commission approves 10 billion aid scheme for Spain
The European Commission has approved an up to €10 billion Spanish scheme (“National Guarantee Scheme”) to support self-employed and companies across sectors in the context of Russia’s invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022, based on Article 107(3)(b) of the Treaty on […]
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Croatia prepares for euro adoption
As of 1 June, the European Commission has concluded that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of euro area Member States to twenty. The conclusion is set out in the 2022 Convergence Report, which assesses the progress that Bulgaria, Czechia, Croatia, Hungary, Poland, Romania and Sweden have […]
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The EU Emissions Trading Scheme (ETS) and its reform in brief
The EU’s emissions trading system (ETS) aims to reduce the industry’s carbon emissions. Discover how it works and why a reform is needed. What is the EU’s emissions trading system all about? Although the EU is the world’s third largest CO2 emitter, it also pursues the most ambitious climate target: to cut emissions substantially by […]
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23 May 2022: Macroeconomic dialogue with the social partners
The Council presidency, the European Central Bank and the European Commission met with European social partners on 23 May 2022 to discuss recent developments of the economic situation, as well as the consequences of the war in Ukraine on the European labour market, especially as regards the labour market integration of Ukrainian refugees. While the […]
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EU guidelines on tax policy
In its 2022 European Semester spring package, the European Commission has provided Member States with support and guidance on tax policy. Fiscal policy guidance The activation of the general escape clause of the Stability and Growth Pact in March 2020 allowed Member States to react swiftly and adopt emergency measures to mitigate the economic and […]
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