The EU bank funds will finance the pharmaceutical company’s 2020-2023 investment plans in the field of RDI and to boost the expansion of its business The financing is supported by the Investment Plan for Europe The European Investment Bank (EIB) will provide €20 million to finance the research, development and innovation (RDI) programme of Galenicum, a pharmaceutical […]
Sustainability: What are the alternatives to economic growth
How can societies and people prosper and grow without harming the environment and climate? Is it possible to implement the European Green Deal through social innovations that have little or no environmental impact? To broaden the sustainability debate, a European Environment Agency (EEA) briefing, published today, explores alternative ways of thinking about growth and progress. […]
Circular economy: definition, importance and benefits
The European Union produces more than 2.5 billion tonnes of waste every year. It is currently updating its legislation on waste management to promote a shift to a more sustainable model known as the circular economy. In March 2020 the European Commission presented, under the European Green Deal and as part of the proposed new industrial strategy, a new circular […]
Agreement between the European Parliament and EU Member States on Europe’s next long-term budget and NextGenerationEU
The European Commission has today welcomed the agreement between the European Parliament and EU Member States in the Council on Europe’s next long-term budget and NextGenerationEU, the temporary recovery instrument. Once adopted, the package of a total of €1.8 trillion will be the largest package ever financed through the EU budget. It will help rebuild […]
Minimum income protection during COVID-19
The Council adopted conclusions on strengthening minimum income protection in the EU with the aim to combat poverty and social exclusion during and after the COVID-19 pandemic. The Council recognises that minimum income schemes contribute to the social protection of the most disadvantaged groups in society, including people hardest-hit by the COVID-19 crisis. They also […]
Economic and Investment Plan to support the economic recovery and convergence of the Western Balkans
The European Commission adopted a comprehensive Economic and Investment Plan for the Western Balkans, which aims to spur the long-term economic recovery of the region, support a green and digital transition, foster regional integration and convergence with the European Union. EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Josep Borrell, […]
Statement by the EC on the proposal made by France and Germany
Reacting to the press conference by the German Chancellor and the French President, President von der Leyen said: I welcome the constructive proposal made by France and Germany. It acknowledges the scope and the size of the economic challenge that Europe faces, and rightly puts the emphasis on the need to work on a solution with the […]
IMF on Dutch Economy: Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast
The Netherlands has one of the most internationally integrated economies in the world. This interdependence makes the country especially vulnerable to a global crisis like the COVID-19 pandemic. Comparing the Netherlands with other economies The Dutch economy is one of the most internationally integrated in the world. Dutch exports of goods and services are very […]
Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery
The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. Despite the swift and comprehensive policy response at both EU and national level, the EU economy will experience a recession of historic proportions this year. The Spring 2020 Economic Forecast projects that the euro area economy will […]