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 […]
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 […]
Nearly 70 billion euros in Spain’s Recovery Plan
The Commission has received official recovery and resilience plans from Denmark, Spain, Latvia and Luxembourg. The Recovery, Transformation and Resilience plan aims to provide €672.5 billion in loans and grants to support reforms and investments undertaken by Member States. The aim is to reduce the economic and social impact of the coronavirus pandemic and to […]
Will the Spanish economy be boosted after Covid-19?
The pandemic has affected not only people’s health, but the economy has also suffered a huge decline in most countries. It is believed that the European Union is in charge of carrying out this mission within Europe, citizens agree that practical solutions must be put forward to combat this crisis. In a survey conducted by […]
Spain: EIB provides €20 million to support RDI activities and growth at Galenicum
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 […]