MEPs have proposed a new law to tackle the current cost of living crisis to modernize and strengthen minimum income schemes in member states. On Wednesday, the plenary passed a resolution defending the EU minimum income directive to make minimum income schemes more affordable and effective. It will also ensure the social reintegration of workers […]
Council sets priorities for the EU budget for 2024
Recovery and Resilience Facility The Council discussed how the Recovery and Resilience Fund and the REPowerEU chapter can effectively promote the green transition and ensure Europe’s energy independence from Russia in the context of high inflation and supply chain disruptions. In addition, the Council adopted an implementing decision approving the revised recovery and rehabilitation plan […]
Commission approves changes to Spain’s regional aid map 2022-2027
The European Commission has approved the revision of Spain’s regional aid map for the period from January 1, 2022 to December 31, 2027 under the Regional Aid Guidelines, in accordance with EU state aid rules. On March 17, 2022, the Commission approved the regional aid map 2022-2027 for Spain and on December 20, 2022, the […]
The European Commission is providing guidance to Member States on the conduct and coordination of fiscal policy for next year
The Commission is providing guidance to Member States on the conduct and coordination of fiscal policy for next year. This guidance comes as discussions on the future economic governance framework are ongoing. Overall, fiscal policies in 2024 should ensure medium-term debt sustainability and promote sustainable and inclusive growth in all Member States. Implications of deactivating the […]
EIB underwrites €55m green loan for wind farm in Castile and León
The European Investment Bank (EIB) has officially approved a EUR 55 million green loan to a joint venture between Iberdrola (75%) and Caja Rural de Soria (25%) for the construction of one of Castilla y León’s largest wind farms. The Buniel wind farm in the province of Burgos has a total capacity of approximately 100 […]
How is the EU working on the circular economy?
By using this model of production and consumption, we can reduce pollution and look to the future with greater optimism. What is the EU currently doing to promote the circular economy? The European Parliament defines the circular economy as: “a model of production and consumption that involves sharing, renting, reusing, repairing, restoring and reusing existing […]
The visit to Spain by the European Parliament’s Committee on Budgetary Control to evaluate the recovery funds comes to an end
The delegation met with members of the Spanish Government, including Nadia Calvinho, First Vice-President and Minister of Economy and Digital Transformation; María Jesús Montero, Minister of Finance and Public Administrations; and José Luis Escrivá, Minister of Inclusion, Social Security and Immigration. They also met with parliamentarians from Castilla-La Mancha, Madrid, Extremadura, Andalusia and Aragon, as […]
The Council will include REPowerEU chapters in the Recovery and Resilience Facility
The Council formally adopted a regulation modifying the Recovery and Resilience Facility to include REPowerEU chapters. The goal is to increase the EU’s strategic autonomy by diversifying its energy supplies and ending its reliance on Russian fossil fuel imports. This is the last step in the adoption process. In practise, under NextGenerationEU, member states will […]
European Commission approves third €6 billion payment to Spain under the Recovery and Resilience Mechanism
The European Commission has approved a positive preliminary assessment of Spain’s request to pay a grant of EUR 6 billion. 6 billion (net pre-financing) under the NextGenerationEU main instrument: Recovery and Resilience Mechanism (RRM). Spain submitted a payment request to the European Commission on 11 November 2022 based on the achievement of the twenty-four milestones […]