First estimates of agricultural price indices for 2023 indicate a shift from the sharp price increases that characterised 2021 and 2022. In 2023, the average price of agricultural goods as a whole (output) in the EU increased by 2% compared to the previous year, while the average price of goods and services currently consumed in agriculture (inputs) […]
Read MoreEU tourism sector eclipses pre-pandemic figures by 2023
In 2023, EU tourism continued to show signs of rebounding from the COVID-19 pandemic. The estimated number of nights spent at tourist accommodation establishments in 2023 reached 2.92 billion, exceeding the pre-pandemic level for 2019 (2.87 billion) by 1.6% and setting a record year for the EU accommodation sector. In 2023, 171 million more nights were spent compared with 2022 […]
Read MoreMusic streaming sector: EU must ensure just pay for artists and fair algorithms
On Wednesday, the European Parliament called for EU rules to ensure the music streaming sector is fair and sustainable, and to promote cultural diversity. In a resolution adopted by 532 votes to 61 and 33 abstentions, MEPs ask for the imbalance in revenue allocation from the music streaming market to be addressed, as it currently […]
Read MoreEuropean Commission and EIF join forces to boost investment in defence innovation
The European Commission and the European Investment Fund (EIF) have joined forces to step up their support to EU’s defence and security through the launch of the Defence Equity Facility. The initiative, consisting of €100 million from the European Defence Fund and an additional €75 million from the European Investment Fund, will significantly expand EIF’s investment capacity to support, […]
Read MoreCouncil greenlights partial negotiating mandate for strategic technologies
Member states’ EU ambassadors agreed on the Council’s partial negotiating mandate on the proposed Strategic Technologies for Europe Platform (STEP). The platform will support investments in critical technologies in the fields of digital and deep tech, clean tech and biotech in the EU. It will reduce the EU’s strategic dependencies and enhance its long-term competitiveness. […]
Read MoreCommission launches three new initiatives to support Ukrainian researchers and innovators
Yesterday, the Commission has launched three new initiatives boosting the EU research and innovation cooperation with Ukraine New Horizon Europe Office in Kyiv; New European Innovation Council (EIC) action to support the Ukrainian deep tech community; New European Institute of Innovation and Technology (EIT) Community Hub. Commissioner for Innovation, Research, Culture, Education and Youth, Iliana Ivanova, […]
Read MoreNew world-class European supercomputer opens in Spain
MareNostrum 5, the latest world-class European supercomputer was inaugurated in Barcelona, Spain. Currently ranked as one of the 10 most powerful supercomputers in the world, it is hosted at the Barcelona Supercomputing Centre and will be accessible to a wide range of European scientific and industry users from March 2024. MareNostrum 5 has a peak performance of 314 […]
Read MoreEU prolongs tariff suspension for US products related to the steel and aluminium dispute
The European Union has announced its decision to extend until 31 March 2025 the suspension of its rebalancing tariffs on US products in the context of the steel and aluminium dispute. Initially implemented during the Trump Presidency, the EU rebalancing tariffs on US exports were a response to the US “Section 232” tariffs on steel […]
Read MoreEU to invest over EUR 65 million in clean technology projects
The Commission has today selected 17 small-scale innovative clean tech projects to receive over €65 million in project support under the EU Innovation Fund. These funds will help companies in Europe, including small businesses, to bring breakthrough technologies to the market in energy-intensive industries, renewable energy, and energy storage. The selected projects cover a wide range […]
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