Projection for the composition of the new Parliament based on provisional results in 23 countries and estimates and pre-electoral data for the remaining four (as of 00.17). The above projection is based on: provisional results from 23 EU member states: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Hungary, Finland, Germany, Greece, Latvia, Lithuania, […]
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Spain: EIB and Banco Sabadell sign guarantee agreement to facilitate up to €400 million in new financing for SMEs and mid-caps
The signed agreement worth up to €200 million is the first tranche of an EIB-approved operation of up to €300 million in total — under which Banco Sabadell will finance projects over the next two years. The operation will promote private sector investment and support the financing needs of a key segment of the Spanish economy […]
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Commission seeks feedback on draft targeted amendments to rules on small amounts of State aid to the agricultural sector
The European Commission has launched a public consultation inviting all interested parties to comment on draft targeted amendments to the rules on small amounts of aid to the agricultural sector (‘Agricultural de minimis Regulation‘). All interested parties can respond to the public consultation until 21 July 2024. The proposed amendment The Agricultural de minimis Regulation exempts small amounts from State […]
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European Central Bank lowers interest rates by 25 basis points
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding […]
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CJEU Judgment: the Court upholds the Commission’s decision authorising the solvency support fund for strategic Spanish undertakings
Ryanair had challenged that decision, relating to an aid scheme amounting to €10 billion. In July 2020, Spain notified the European Commission of an aid scheme to set up a solvency support fund. The beneficiaries were (non-financial) strategic Spanish undertakings experiencing temporary difficulties as a result of the COVID-19 pandemic. That aid scheme provided for […]
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Is the clock ticking on AI?
Renowned AI experts call on world governments and tech giants to take action now on AI risks. “Probably none of us will have a job,” Elon Musk stated about AI when speaking remotely at a leading tech conference in Paris on 23 May. The billionaire hasn’t been shy about referring to AI as his biggest […]
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EU fully supports Biden’s three-phase Gaza plan
The European Union gives its full support to the comprehensive roadmap presented by President Biden, that would lead to an enduring ceasefire in Gaza, the release of all hostages and a surge of humanitarian assistance to Gaza. The EU appreciates the determined efforts by the US, Egypt and Qatar in facilitating negotiations to bring an […]
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CJEU Judgment: McDonald’s loses the EU trade mark Big Mac in respect of poultry products
The General Court holds that McDonald’s has not proved genuine use within a continuous period of five years in the European Union in connection with certain goods and services. Supermac’s and McDonald’s, an Irish and American fast-food chain respectively, are involved in a dispute regarding the EU trade mark Big Mac. That trade mark had […]
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European elections: EU institutions prepared to counter disinformation
The EU institutions are playing their part to defend the European elections on 6-9 June against disinformation and information manipulation targeting European democracy. The European elections are a flagship of European democracy. As documented by e.g. the European Digital Media Observatory, disinformation actors from inside and outside the EU seek to undermine the integrity of the […]
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