The Commission will allocate almost €1.25 billion in grants from the Connecting Europe Facility (CEF) to 41 cross-border energy infrastructure projects, which have obtained the status of Projects of Common Interest and Projects of Mutual Interest (PCIs and PMIs) in 2024 under the Trans-European Networks for Energy (TEN-E) policy framework. This is the largest call for proposals under the current CEF Energy programme, both in terms of […]
What is the Competitiveness Compass?
A new framework to rekindle economic productivity and secure the EU’s competitive edge has been presented by the European Commission. The Competitiveness Compass builds on the recommendations set out in Mario Draghi’s report on the future of European competitiveness. It will steer the EU’s work on competitiveness over the next five years and translate the report’s recommendations […]
InvestEU is playing a key role in making the EU more sustainable and competitive
The Commission has presented the mid-term evaluation of InvestEU, the EU’s flagship investment programme to facilitate better access to finance for businesses across Europe, in support of common priorities. Halfway through its duration, InvestEU has already unlocked ¤218 billion in additional investment, and 90% of the EU guarantee has been allocated. The programme consists of […]
Commission report shows social investments and reforms support competitiveness, economic growth and social inclusion
Social investments and reforms in key areas can boost employment, social inclusion, competitiveness and economic growth. This is the main finding of the Commission’s 2024 Employment and Social Developments in Europe (ESDE) report. Reforms and financial support for early childhood education and care, skills development, lifelong learning, vocational training and certain job support schemes are particularly […]
Mario Draghi outlines his plan to improve Europe’s competitiveness
On Tuesday, Mario Draghi outlined his blueprint for improving Europe’s competitiveness through closer cooperation in core areas and massive investment in shared objectives. Mr Draghi, author of a report on European competitiveness requested by the President of the European Commission, said that the EU needed to focus on three crucial issues: closing the innovation gap […]
EU competitiveness: Looking ahead
Introduction Today, Europe stands united in its pursuit of inclusive economic growth, focusing on sustainable competitiveness economic security open strategic autonomy fair competition They all serve as pillars of prosperity. The vision that drives Europe forward is to create conditions where businesses thrive, the environment is protected, and everyone has an equal chance at success. […]
Commission monitors strengths and challenges of EU’s competitiveness
The Commission has published the new Annual Single Market and Competitiveness Report. The report details the competitive strengths and challenges of Europe’s Single Market, tracking yearly developments according to the nine competitiveness drivers identified in the EU’s 2023 Long-term competitiveness Communication. Those are the functioning of the Single Market, access to private capital, public investment and […]
EU leaders start debate on the strategic agenda
In Granada, leaders addressed key issues for the future of the EU, including the strategic agenda, enlargement and migration. Highlighting achievements to date, EU leaders discussed long-term priorities with regard to enhancing the EU’s strategic autonomy. They adopted the Granada declaration, in which they outlined key priorities and actions to make Europe a strong, dynamic […]
European Commission sets out how to ensure the long-term competitiveness of the EU
On March 16, the European Commission published two communiqués celebrating the 30th anniversary of the single market and outlining how to ensure the EU’s long-term competitiveness. The internal market is undoubtedly the social and economic engine of the EU. For the single market to remain a key factor in the EU’s competitiveness, further integration and […]