The Council decided to prolong by six months, until 31 January 2023, the restrictive measures targeting specific sectors of the economy of the Russian Federation. These sanctions, first introduced in 2014 in response to Russia’s actions destabilising the situation in Ukraine, were significantly expanded since February 2022, in light of Russia’s unprovoked and unjustified military […]
Head of Sector Finance and Procurement Position
Job Description To coordinate and supervise the work and activities of the Finance and Procurement Sector and to prepare budgetary acts and decisions and to implement and monitor budgetary and financial procedures, thus contributing to the general objectives of the EFCA and ensuring sound management of resources and service orientation. The Agency will welcome applications […]
EU budget for 2023: Council agrees its position
Ambassadors of member states to the EU agreed the Council’s position on the 2023 EU draft budget. In total, the Council’s position for next year’s budget amounts to € 183.95 billion in commitments and € 165.74 billion in payments. Compared to the budget agreed by the Council and the European Parliament for 2022, this is […]
Council adopts conclusions on the 2022 macroeconomic imbalance procedure – Ecofin July 12, 2022
Following the Economic and Financial Affairs Council meeting on July 12, the Council adopted conclusions on the 2022 in-depth reviews under the macroeconomic imbalances procedure. The Economic and Financial Affairs Council: Recalls that the EU economy is recovering from the COVID-19 crisis, while uncertainties remain high and rising, in particular due to the surging energy […]
Council adopts Conclusions on EU Budget Sustainability – 12 July 2022
Following the Economic and Financial Affairs Council meeting on July 12, the Council adopted Conclusions on the Commission’s 2021 fiscal sustainability report. The Council (Ecofin): Welcomes the Commission’s “Fiscal Sustainability Report 2021”, which updates the assessment of fiscal sustainability risks across the European Union, based on an enriched multidimensional approach and drawing from the 2021 […]
UfM Blue Finance Conference: Investing in a Sustainable Blue Economy in the Mediterranean
The UfM conference on Blue Finance aims at: Providing an overview of the current investment opportunities for the sustainable development of the Mediterranean Blue Economy and Offering practical guidance on the procedures to follow; 2. Discussing the enabling conditions (policy/regulatory environment; technical assistance; etc.), to attract funding 3. Organising direct networking opportunities and matchmaking sessions […]
Recovery plans: MEPs push for wise use of money, democratic oversight
Countries should use the more than €700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say. The EU’s Recovery and Resilience Facility was set up at the height of the Covid-19 crisis to help EU countries support struggling businesses and people. While the EU’s economy rebounded in 2021 after […]
PhD Scholarships in Economics, Finance & Management in Portugal
Offer description The Business Research Unit (BRU-Iscte) is awarding 4 doctoral grants, funded directly by FCT (National Foundation for Science and Technology) under the Protocol UIDP/00315/2020. These grants are open to PhD candidates in one of our 3 doctoral programmes (PhD in Economics, PhD in Finance, PhD in Management) either: candidates that are now applying […]
¿What is the Economic and Financial Affairs Council (Ecofin)?
The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation issues and the regulation of financial services. How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. There are […]