Last July 7, the European Commission launched a ‘Roadmap towards Nature Credits’, to incentivise private investments into actions that protect and preserve nature, and reward those who undertake these actions and invest in them. Nature credits represent an investment into nature-positive actions by a company, a financial institution, a public entity or a citizen, which in […]
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EU and Moldova forge deeper ties at historic first Summit in Chișinău
At the first ever EU-Moldova Summit in Chișinău, President of the European Commission Ursula von der Leyen, President of the European Council António Costa and President of the Republic of Moldova Maia Sandu agreed to deepen cooperation in the interest of EU and Moldovan citizens. The leaders discussed EU accession and related reforms, economic growth as well as security and defence […]
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Commission to cut EU Taxonomy red tape for companies
The European Commission has adopted a set of measures to simplify the application of EU Taxonomy. This will reduce the administrative burden for EU companies, thus enhancing EU competitiveness while preserving core climate and environmental goals. The Taxonomy Regulation entered into force in 2020, and its reporting requirements apply since 2022. By providing a common sustainability reference point for […]
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Commission fines Alchem for participating in a pharmaceutical cartel
The European Commission has fined Alchem International Pvt. Ltd. and its subsidiary Alchem International (H.K.) Limited (together ‘Alchem‘) €489,000 for breaching EU antitrust rules. The Commission has found that, for more than 12 years, Alchem participated in a cartel concerning an important pharmaceutical ingredient. In October 2023, the Commission adopted a settlement decision and imposed fines […]
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Two-way migrant smuggling network busted in France and Spain
Europol supported the French National Police (Police Nationale/OLTIM Perpignan) and the Spanish National Police (Policía Nacional/UCRIF Central) in dismantling an organised criminal network smuggling migrants of Algerian and Moroccan origin from Spain to France as well as in the opposite direction, from the United Kingdom to Spain. In addition to the arrests made in Spain […]
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Commission launches strategy to lead in life sciences by 2030
On 2 July, the European Commission launched a new strategy to make Europe the most attractive place in the world for life sciences by 2030. Life sciences – the study of living systems, from cells to ecosystems – are fundamental to our health, our environment and our economy. They drive innovation in medicine, food and […]
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Gaps on the European labour market 2024 continue to increase
The EURES report on European labour 2024 shows that persistent labour shortages, as well as surplus occupations in in European key sectors continue to rise. The seventh edition of this report, which gathers data from across 31 EURES countries, provides crucial insights into the nature of employment trends and needs to tackle shortages and surpluses. All 31 EURES countries […]
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EU invests €2.8 billion in 94 projects to enhance sustainable mobility across Europe
The European Commission selected 94 transport projects to receive nearly €2.8 billion in EU grants under the Connecting Europe Facility (CEF). By modernising railways, inland waterways and maritime routes across the trans-European transport network (TEN-T), the projects will not only help better connect European regions and cities – north to south, east to west, but also make the EU’s […]
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EU Climate Law presents a new way to reach 2040
The European Commission has proposed on 2 July an amendment to the EU Climate Legislation, setting an EU climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions compared to 1990 levels, as called for in the Commission’s policy guidelines for 2024-2029. It will provide certainty for investors, innovation, strengthen the […]
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