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 […]
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. […]
Commission takes further steps to foster the openness, strength and resilience of Europe’s economic and financial system
The European Commission today presented a new strategy to stimulate the openness, strength and resilience of the EU’s economic and financial system for the years to come. This strategy aims to better enable Europe to play a leading role in global economic governance, while protecting the EU from unfair and abusive practices. This goes hand in hand […]
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 […]