The European Commission adopted exceptional measures to address the current imbalances in the wine market of several EU regions. Under wine national support programmes, it will now be possible for Member States to include crisis distillation to remove the excess of wine from the market. Flexibility in the implementation of the wine support programmes is […]
Council reaches agreement on parts of electricity market reform
The Council has agreed its stance (general approach) on a proposal for regulation on wholesale energy market integrity and transparency (REMIT). The proposal aims to support an open and fair competition in the European wholesale energy markets, by banning trading based on inside information and deterring market manipulation. The proposal on REMIT is part […]
European Council adopts legislation making products safer for European consumers
The Council adopted the General Product Safety Regulation, which strengthens safety standards for products sold both online and face-to-face. The rules will strengthen market surveillance of unsafe products and the rights of consumers who have been sold an unsafe product. The adopted Regulation reinforces product safety and consumer protection, and facilitates the repair, return or […]
European Commission sets out how to ensure the long-term competitiveness of the EU
On March 16, the European Commission published two communiqués celebrating the 30th anniversary of the single market and outlining how to ensure the EU’s long-term competitiveness. The internal market is undoubtedly the social and economic engine of the EU. For the single market to remain a key factor in the EU’s competitiveness, further integration and […]
European Commission proposes reform of the EU electricity market set-up
The European Commission proposes to reform the configuration of EU electricity markets to accelerate the growth of renewables and the phase-out of natural gas, reduce the dependence of consumer bills on volatile fossil fuel prices and better protect consumers against future prices. growth and potential market manipulation affect and make EU industry cleaner and more […]
Congress votes on the Senate’s amendments to the Securities Market reform to adapt it to European Law
The proposal amends several European directives and amends the existing Securities Markets and Investment Services Acts. The Plenary of the Chamber of Deputies will vote tomorrow on the 8 amendments proposed by the Senate to the Securities Market and Investment Services Law, which aims to reform the securities market, services and investment activities in Spain […]
European Parliament wants stricter rules and penalties in new law on political advertising
On Thursday, the plenary backed several changes to the political advertising bill to ensure more transparent elections and smooth referendums. Parliament voted by 433 votes to 61, with 110 abstentions, on the negotiating mandate proposed by the Internal Market and Consumer Protection Committee. The plenary’s approval allowed rapporteur Sandro Gozi (Renew, France) to begin talks […]
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 […]
European Single Market is turning 30
This year, the EU celebrates the 30th anniversary of its Single Market – one of the major achievements of European integration, and one of its key drivers. Established on 1 January 1993, the European Single Market allows goods, services, people and capital to move around the EU freely, making life easier for people and opening up new opportunities […]