The European Commission has launched the 2022 European Semester cycle of economic policy coordination. The European Semester Autumn Package includes the Annual Sustainable Growth Survey, Opinions on euro area Draft Budgetary Plans (DBPs) for 2022, policy recommendations for the euro area and the Commission’s proposal for a Joint Employment Report. The package draws upon the Autumn […]
¿What is the Economic and Financial Affairs Council (Ecofin)?
The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation issues and the regulation of financial services. How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. There are […]
Autumn 2021 Economic Forecast for Spain and the EU
The EU economy is rebounding from the pandemic recession faster than expected. As vaccination campaigns progressed and restrictions started to be lifted, growth resumed in spring and continued unabated through summer, underpinned by the re-opening of the economy. Despite mounting headwinds, the EU economy is projected to keep expanding over the forecast horizon, achieving a […]
OECD Internship Programme
The OECD Internship Programme is designed to bring highly around 500 qualified and motivated students with diverse backgrounds into the Organisation to work on projects linked to the Strategic Orientations of the Secretary-General and to support the corporate functions of the Organisation. Its main goal is to give successful candidates the opportunity to improve their […]
State aid: Commission to further facilitate implementation of aid measures promoting the green and digital transition
The European Commission is inviting Member States and all other interested parties to comment on certain proposed amendments to the General Block Exemption Regulation (GBER). The purpose of the proposed revision is to reflect the changes to various sets of State aid Guidelines, which are currently being reviewed and to further facilitate public support for the EU’s green and […]
EUROPEAN AGENDA: Economy
European institutions and agencies are acting decisively to mitigate the socio-economic impact in the European Union of the crisis caused by the coronavirus. Below we highlight what the European institutions have been working on to date: Next Meetings INSTITUTIONS MEETINGS DATES European Council 04.10.2021 Eurogroup European Council 05.10.21 Economic and Financial Affairs Council September 16, […]
Business registrations and bankruptcies in the EU
In the second quarter of 2021, registrations of new businesses increased by 5.3% when compared with the previous quarter. In the case of declared bankruptcies, there was a growth of 1.8% in the second quarter of 2021 compared to the first quarter of 2021. The graph below shows the evolution of company registrations (blue line) […]
Five Things to Know about the Informal Economy
The informal economy is a global and pervasive phenomenon. Some 60 percent of the world’s population participates in the informal sector. Although mostly prevalent in emerging and developing economies, it is also an important part of advanced economies. The informal economy consists of activities that have market value but are not formally registered. The informal […]
Is a circular economy possible by 2050?
Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. A circular economy will reduce CO2 emissions, stimulate economic growth and create jobs. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three […]