Following the signing of the Joint Declaration on the EU’s legislative priorities for 2026 and the ‘One Europe, One Market’ roadmap, the European Parliament, the Council and the Commission have worked closely together to effectively deliver on all the priorities set out therein. Progress will be reviewed on a quarterly basis. The June 2026 progress […]
Commission adopts temporary adjustments to Basel III Market Risk Rules to safeguard EU banks’ competitiveness
To ensure that the EU banking sector benefits from a level playing field with international competitors, the European Commission has introduced targeted, time-limited amendments to its implementation of the new market risk capital framework for banks. The measures will apply for three years from 1 January 2027. The Fundamental Review of the Trading Book (FRTB), part […]
European institutions agree on a roadmap to achieve “One Europe, One Market” by the end of 2027
During the informal meeting of Heads of State or Government in Cyprus, the President of the Republic of Cyprus, in his capacity as rotating President of the Council of the European Union, and the Presidents of the European Parliament and the European Commission signed the ‘Roadmap for a Single Market’. This agreement demonstrates the three […]
MEPs propose new legal framework for innovative companies
A single set of pan European harmonised rules should deepen the single market and boost cross-border investment. With 492 votes in favour, 144 against and 28 abstentions, MEPs adopted a series of recommendations on Tuesday that will feed into the Commission proposal for a new legal framework supporting companies in the EU that is expected […]
The European Commission announces the members of the third Platform on Sustainable Finance
The European Commission has published the list of members for the third term of the Platform on Sustainable Finance. The Platform will advise the Commission on issues related to the EU taxonomy and the EU sustainable finance framework in general. Following a call for applications in July 2025, the Commission appointed 28 members and 16 […]
Council paves the way for creation of AI gigafactories
On 16 January, the Council adopted an amendment to the Regulation governing the activities of the European High Performance Computing Joint Undertaking (EuroHPC Joint Undertaking), extending its objectives to facilitate the creation of artificial intelligence (AI) gigafactories in Europe and to include a specific pillar on quantum technologies. The amended Regulation enables the development and […]
New measures to boost circular economy and strengthen Europe’s plastic recycling
The European Commission has unveiled a first set of pilot actions to accelerate Europe’s transition to a circular economy, with a particular focus on the plastics sector. By optimising the recycling of plastics, these measures will further unlock the potential of the Single Market and enhance the EU’s economic security, strategic autonomy, competitiveness and environmental sustainability. This […]
EU agriculture ministers meet to focus on securing EU food security and sovereignty
Last January 7, EU agricultural ministers met in an extraordinary meeting, on the invitation of the European Commission and Minister Maria Panayiotou for the Cypriot Presidency of the Council. The Commission was represented at this meeting by Commissioners Hansen, Šefčovič and Várhelyi. Recognising that agriculture is crucial for European sovereignty and that the EU agri-food sector is key […]
Bulgaria have joined euro area from 1 January
On 1 January 2026, Bulgaria have adopted the euro as its currency, marking an important milestone for the country, for the history of the euro, and for the EU as a whole. This follows a period of intensive preparation and effort by Bulgaria to meet all the necessary requirements. The euro will deliver practical benefits […]