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 […]
Project Officer Position – Circular Economy in the European Defence Agency
THE AGENCY’S WAY OF WORKING The European Defence Agency (EDA) was established on 12 July 2004, and is governed by Council Decision (CFSP) 2015/1835 defining the statute, seat and operational rules of the European Defence Agency. The Agency has its headquarters in Brussels. The main task of EDA is to support the Council and the […]
Digital Markets Act: rules for digital gatekeepers to ensure open markets enter into force
The EU Digital Markets Act (DMA) entered into force on 1 November. The new Regulation will put an end to unfair practices by companies that act as gatekeepers in the online platform economy. It was proposed by the Commission in December 2020 and agreed by the European Parliament and the Council in record-time, in March […]
Foreign subsidies regulation enters into force to ensure fairer EU markets
The Foreign Subsidies Regulation (‘FSR’) enters into force. This new set of rules for addressing distortions caused by foreign subsidies will allow the EU to remain open to trade and investment, while ensuring a level playing field for all companies operating in the Single Market. The Regulation was proposed by the Commission in May 2021 and agreed by […]
Impact of EU sanctions on the Russian economy
Since Russia’s unprovoked and unjustified invasion of Ukraine in February 2022, the Council has adopted eight packages of sanctions against Russia and Belarus. The sanctions aim at weakening Russia’s ability to finance the war and specifically target the political, military and economic elite responsible for the invasion. The restrictive measures do not target Russian society. […]