The European Commission has upgraded its online platform “eLeniency” to ensure that companies who are parties to cartel and antitrust proceedings can easily and securely access documents online. This new version allows for an efficient interaction with the parties, and adapts the tool to today’s new working methods. The eLeniency platform, introduced in 2019 as a one-way […]
EU announces historic €715 million for the Global Fund
The European Commission announced a new record €715 million from the EU budget to the Global Fund for the period 2023-2025 at the Fund’s Seventh Replenishment Conference, hosted by US President Biden in New York. Together with the pledges from EU Member States, Team Europe confirms its strong commitment to the Global Fund with a total contribution of […]
Interview with Luis de Guindos, Vice-President of the ECB
Last Thursday 28th July, the Governing Council of the ECB decided to increase the key interest rates by 0.5 percent, which differed from the initial plan to increase rates by 0.25 percent. But has it not come too late? Other major central banks reacted to inflation much earlier. We started the normalisation of our monetary […]
Commission makes second 12 billion payment to Spain under the Recovery and Resilience Mechanism
On Friday 29 July, the Commission has paid Spain the second instalment of €12 billion of non-refundable financial assistance (excluding pre-financing) under the Recovery and Resilience Mechanism (RRM). The payments made by the Commission under the RRM are performance-based and depend on Spain’s implementation of the investments and reforms outlined in Spain‘s recovery and resilience […]
Asturias at the heart of the twin green & digital transition
Two experts in economic development reveal the vision for Asturias’s future. It is green and digital. Ana Elena Fernández Monzón and Paz Palacio Fernández work for IDEPA, the institute for economic development of the Principality of Asturias. Asturias takes sustainability seriously, a third of the region is environmentally protected. It is also among the leading regions in […]
World Bank Youth Professionals Programme
Programme and objectives The World Bank Group Young Professionals Programme is a two-year leadership development program at the start of a five-year employment contract with the World Bank, IFC or MIGA. Young Professionals (YPs) start the programme in Washington, DC, where they engage in intensive training on-the-job and in the classroom, learning the fundamentals of leadership […]
Ukraine: EU grants access to funding under the EU4Health
As part of the Commission’s ongoing efforts to provide support in the area of health, Commissioner Kyriakides visited Ukraine to meet Minister of Health Viktor Liashko and pay a visit to a medical centre for children as well as a patient rehabilitation centre. At this occasion, the Commission and the Ukrainian Government have signed an agreement […]
Summer 2022 Economic Forecast: Russia’s war worsens the outlook
Russia’s war of aggression against Ukraine continues to negatively affect the EU economy, setting it on a path of lower growth and higher inflation compared to the Spring Forecast. The Summer 2022 (interim) Economic Forecast projects that the EU economy will grow by 2.7% in 2022 and 1.5% in 2023. Growth in the euro area is expected […]
EU budget for 2023: Council agrees its position
Ambassadors of member states to the EU agreed the Council’s position on the 2023 EU draft budget. In total, the Council’s position for next year’s budget amounts to € 183.95 billion in commitments and € 165.74 billion in payments. Compared to the budget agreed by the Council and the European Parliament for 2022, this is […]