The Council has reached a provisional agreement with the European Parliament on the European defence industry reinforcement through common procurement act (EDIRPA). The regulation will incentivise EU member states to jointly procure weapons, thereby ensuring interoperability, economies of scale and – ultimately – a strong European defence industry. The Council and the EP agreed on an ambitious […]
EU and Japan strengthen cooperation on digital trade and economic security
The EU and Japan held their third High-Level Economic Dialogue (HLED). The meeting centred on economic security following agreement to expand the scope of the dialogue. The HLED was co-chaired by Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, with Japanese Minister of Foreign Affairs, Yoshimasa Hayashi, and Japanese Minister for Economy, Trade and Industry, […]
Agreement on additional military support of €3.5 billion
Ministers adopted a decision increasing the overall financial ceiling of the European Peace Facility (EPF) by €3.5 billion which is a signal of the EU’s enduring commitment to military support for Ukraine and other partners alike. The EPF helps prevent conflict, preserve peace and strengthen international security and stability. With today’s top-up, the overall financial […]
The Commission proposes to mobilise additional EU funding for EU farmers impacted by adverse climatic events
The Commission proposes to mobilise additional EU funding for EU farmers impacted by adverse climatic events, high input costs, and diverse market and trade related issues. The new support package will consist of €330 million for 22 Member States. In addition, Member States today approved the €100 million support package for farmers in Bulgaria, Hungary, Poland, Romania and […]
Commission proposes to reinforce long-term EU budget
The European Union (EU) has faced a series of unprecedented and unexpected challenges since the adoption of the Multiannual Financial Framework (MFF) in 2020. Barely out of one of the deepest global economic crises in more than a century, Russia’s brutal invasion of Ukraine had huge humanitarian, economic and budgetary consequences. Migration has picked up […]
EU adopts 11th package of sanctions against Russia for its continued illegal war against Ukraine
The eleventh package addresses the growing circumvention of EU sanctions. Measures include the strengthening of bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention, a ban on the transit of goods and technology via Russia, and tighter export restrictions. Circumvention tool In order to address the growing circumvention of EU sanctions, the EU […]
The European Commission has presented its proposal for the next generation of own resources
As committed during the negotiations on the long-term EU budget 2021-2027, the European Commission has completed its proposal for a next generation of own resources. This package includes a new temporary statistical own resource based on company profits. Following the political agreement on the Fit For 55 package, which seeks to ensure EU policies contribute […]
An EU approach to enhance economic security
The European Commission and the High Representative published a Joint Communication on a European Economic Security Strategy. This Joint Communication focuses on minimising risks arising from certain economic flows in the context of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of economic openness and dynamism. The proposed strategy sets out a […]
June 21: European Day of Music
On June 21, Europe celebrates the European Day of Music, a day dedicated to the promotion of music as a universal language of humanity. On June 21, coinciding with the summer solstice, Europe celebrates the European Day of Music, a day dedicated to the vindication and promotion of music as a universal language of humanity. […]