The Commission has adopted last July 30 a recommendation on voluntary sustainability reporting for small and medium-sized companies (SMEs). The recommendation presents a voluntary standard that will make it easier for SMEs that are not covered by the Corporate Sustainability Reporting Directive (CSRD) to respond to specific requests for sustainability information from large financial institutions and companies. The […]
A simpler tax architecture to benefit EU firms and citizens
MEPs on Tuesday adopted suggestions for reforms to the tax architecture to boost competitiveness while continuing to address tax avoidance and evasion. The report, drafted by Michalis Hadjipantela (EPP, CY), was adopted in the Economic and Monetary Affairs Committee by 46 votes in favour, 2 votes against and 11 abstentions. It will feed into the ongoing legislative […]
An ambitious budget for a stronger Europe: 2028-2034
Last July 16, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU’s gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, […]
Commission strengthens Europe’s chemical industry
Last July 8, the European Commission presented an Action Plan for the Chemicals Industry to strengthen the competitiveness and modernisation of the EU chemical sector. The Action Plan addresses key challenges, namely high energy costs, unfair global competition, and weak demand, while promoting investment in innovation and sustainability. The Action Plan is accompanied by a […]
2025 European Semester Spring Package sets out guidance to boost EU competitiveness
The 2025 European Semester Spring Package analyses the key economic and social challenges across the EU and offers policy guidance to Member States with the aim of strengthening competitiveness, prosperity and resilience. To that effect, it includes country-specific recommendations (CSRs), and promotes reforms and investments aligned with these EU priorities. The policy guidance presented comes at a time of […]
Commission simplifies CAP to support farmers and enhance competitiveness
To simplify the Common Agricultural Policy (CAP) and boost farmers’ competitiveness, the European Commission presented last May 14 a large package of measures targeting the administrative burden, controls, implementation, crisis response and investment needs of the sector. The changes could save up to €1.58 billion annually for farmers and €210 million for national administrations, while […]
Commission supports the EU wine sector
On March 28, the European Commission is proposing a range of measures to ensure Europe’s wine sector remains competitive, resilient, and a vital economic force in the decades to come. The sector is facing several challenges like shifting consumer trends, climate change and market uncertainties. The Commission’s proposal introduces targeted measures to help the sector manage […]
Modernising the cohesion policy to meet current challenges
Cohesion policy is the EU’s main investment policy. It plays a key role in reducing disparities between EU regions to promote economic, social, and territorial cohesion, and making the EU more competitive, sustainable, and equitable. Under its mid-term review of the cohesion policy, the European Commission is proposing amendments to existing laws and inviting EU […]
Commission supports 135 new projects to help Member States implement their reform agenda
On March 31th, the Commission has approved a new round of 135 projects under the Technical Support Instrument (‘TSI’), to support Member States to prepare, design and implement a total of 390 reforms in 2025. The selected projects will help the Member States address reforms in key priority areas to strengthen the Union’s resilience and competitiveness and […]