The Council adopted the listing act, a legislative package that will make EU public capital markets more attractive for EU companies and facilitate the listing of companies of all sizes, including small and medium-sized enterprises (SMEs), on European stock exchanges. This marks the final step in the decision-making process. Mihály Varga, Hungarian minister of finance […]
Council adopts the internal market emergency and resilience act
The Council has today given its final approval to a regulation establishing a framework of measures on the emergency and resilience of the internal market, better known as the internal market emergency and resilience act (IMERA). This is the last step in the decision-making procedure. The regulation adopted today is intended to anticipate, prepare for, […]
EU will have first-ever law on artificial intelligence
Following 3-day ‘marathon’ talks, the Council presidency and the European Parliament’s negotiators have reached a provisional agreement on the proposal on harmonised rules on artificial intelligence (AI), the so-called artificial intelligence act. The draft regulation aims to ensure that AI systems placed on the European market and used in the EU are safe and respect fundamental rights and EU values. […]
Council reaches agreement on new European Media Freedom Act
EU member state ambassadors have agreed the Council’s position on a new law to safeguard media freedom, pluralism and independence in the EU. The European Media Freedom Act (EMFA) will establish a common framework for media services in the EU internal market and introduce measures aimed at protecting journalists and media providers from political interference while also making it easier for […]
EU AI Act will be the world’s first regulation on artificial intelligence
As part of its digital strategy, the EU wants to regulate artificial intelligence (AI) to ensure better conditions for the development and use of this innovative technology. AI can create many benefits, such as better healthcare; safer and cleaner transport; more efficient manufacturing; and cheaper and more sustainable energy. In April 2021, the European Commission […]
EU Space to play a pivotal role in the European Critical Raw Materials Act
If oil and gas were once considered the ‘new gold’, then lithium and rare-earth elements (REE) are the new oil and gas. Whereas oil and gas boomed thanks to the development of the automobile, global trade and the plastics industry, lithium and REE are key to a wide array of high-tech and climate applications, including […]
Digital Services Act: Council and European Parliament reach deal
An important step has been taken with the provisional political agreement reached on the Digital Services Act (DSA) between the Council and the European Parliament. In terms of ambition, the nature of the actors regulated and the innovative aspect of the supervision involved, the DSA is a world first in the field of digital regulation. The […]