Category: EU
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EU Commits Over €65 Million to Boost Innovative Clean Tech Projects
The European Commission has earmarked more than €65 million in project support for 17 pioneering small-scale clean tech projects under the EU Innovation Fund. These funds aim to propel breakthrough technologies into the market, focusing on energy-intensive industries, renewable energy, and energy storage. The projects span diverse sectors, emphasizing the manufacturing of components for renewable…
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EU and Canada Strengthen Ties and Address Global Challenges in Summit
The European Union and Canada underscored their shared commitment to common values and global challenges during the recent EU-Canada Summit held on November 23 and 24. Hosted by Prime Minister Justin Trudeau in St John’s, Newfoundland, the summit featured discussions led by European Commission President Ursula von der Leyen and European Council President Charles Michel.…
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EU Takes Strides in Military Mobility and Environmental Conservation
he European Union (EU) marked significant progress in both military mobility and environmental conservation, showcasing its commitment to security and sustainability. Military Mobility: In a joint annual report, the EU Commission and the High Representative highlighted substantial achievements in the implementation of the Military Mobility Action Plan 2.0. Over the past 12 months, collaborative efforts…
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EU Daily News Roundup – November 9, 2023: Digital Identity Milestone, Green Transition Aid, DSA Actions, and Commissioner Breton’s China Mission
https://ec.europa.eu/commission/presscorner/detail/en/MEX_23_5663
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EU Daily Digest: Influencer Scrutiny, Tax Jurisdiction Updates, Crypto-Assets Rules, Digital Infrastructure Funding, Consumer Rights Boost, Wine Indications Approval, Antitrust Inspections, and Acquisition Clearances
In today’s comprehensive EU update: Influencer Marketing Under Investigation: The European Commission, in collaboration with national Consumer Protection authorities, is launching a comprehensive investigation into influencer marketing practices. With the industry expected to reach €19.98 billion globally in 2023, the authorities are set to screen online posts, ensuring transparency in advertisements by influencers engaging in…
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Pompeii Restoration Culminates with €78 Million Investment from EU Cohesion Policy Funds
The decade-long “Grande Progetto Pompei” initiative, aimed at revitalizing the iconic Pompeii archaeological site, concludes successfully, thanks to a €78 million investment from the European Regional Development Fund (ERDF). The project, spanning ten years, resulted in the restoration of 70 buildings and the enhancement of more than 40 hectares of the site. Notably, the renewed…
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European Commission Launches Investigation into Subsidised Chinese Electric Cars Threatening EU Industry
Today, the European Commission formally initiated an anti-subsidy investigation into the imports of battery electric vehicles (BEVs) from China. The investigation aims to assess whether the BEV value chains in China benefit from illegal subsidisation, potentially causing economic harm to EU BEV producers. President Ursula von der Leyen, who announced the investigation on September 13…
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EU Antitrust Authorities Conduct Unannounced Inspections in the Medical Devices Sector
In a recent development, the European Commission has initiated unannounced inspections at the premises of a company operating in the medical devices sector, with a focus on cardiovascular applications. The inspections are part of an ongoing investigation into potential violations of EU antitrust rules, specifically regarding the abuse of a dominant market position, as outlined…
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EU News Highlights: Sweden’s Recovery Plan Modification, Infant RSV Vaccine Authorization, and High-Speed Rail Funding
In a dynamic series of developments, the European Union’s recent news highlights encompass a range of topics from Sweden’s request to modify its recovery and resilience plan to the authorization of a groundbreaking vaccine and significant funding allocation for high-speed rail. Sweden has taken a proactive step by submitting a request to the European Commission…
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European Commission Approves Joint Ventures and Acquisitions in the Transportation and Hospitality Sectors
In a recent series of decisions, the European Commission has given its approval for two significant business undertakings in the transportation and hospitality sectors. These approvals, granted under the EU Merger Regulation, signify the Commission’s commitment to fostering innovative collaborations and acquisitions while ensuring fair competition in the market. Scania and sennder Forge Partnership for…
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European Commission to Review Qualcomm’s Acquisition of Autotalks and Approves Acquisition of BPS by Advent and Warburg Pincus
The European Commission has taken significant steps in the realm of mergers, accepting requests for assessment and granting approval for two distinct acquisitions. These decisions mark important developments in the European Union’s regulatory landscape. Assessment of Qualcomm’s Acquisition of Autotalks The European Commission has granted consent to evaluate the proposed acquisition of Autotalks by Qualcomm,…
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EU News Roundup: President von der Leyen Visits Flood-Hit Slovenia, State Aid Approvals, Acquisitions Under Scrutiny – August 8, 2023
President von der Leyen Visits Flood-Hit Slovenia President of the European Commission, Ursula von der Leyen, is set to travel to Slovenia to express solidarity and assess the aftermath of devastating floods that recently struck the country. Alongside Commissioner for Crisis Management, Janez Lenarčič, President von der Leyen will discuss EU support for reconstruction efforts.…
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EU Approves Amendments to Dutch Scheme for Rail Network Interoperability Support
European Commission granted approval, under EU State aid rules, to an amendment in the Dutch scheme to promote the shift of freight transport from road to rail. Originally approved in November 2019, the scheme aimed to upgrade traffic management equipment on freight locomotives in the Netherlands by installing the European Railway Traffic Management System (ERTMS),…
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EU: Wildfires – EU Provides Crucial Assistance to the Mediterranean Region
As devastating wildfires continue to spread rapidly in several countries, the European Union (EU) has stepped in to bolster firefighting efforts and provide vital support to affected communities. Since 18th July, the EU has deployed over 490 firefighters and 9 firefighting planes to Greece and Tunisia. In response to the crisis, both Greece and Tunisia…
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EU Reaffirms Commitment to Sustainable Development Goals in First Voluntary Review
The European Union (EU) has presented its first Voluntary Review on the implementation of the 2030 Agenda for Sustainable Development at the United Nations in New York. The review underscores the EU’s unwavering dedication to the 2030 Agenda and its Sustainable Development Goals (SDGs). It provides an overview of how both EU internal and external…
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EU Deploys Air and Ground Firefighting Assistance to Combat Widespread Wildfires in Greece
EU mobilizes air and ground firefighting assistance to help Greece battle widespread wildfires. Four Canadair planes from France and Italy, along with three firefighting teams from Poland, Romania, and Slovakia, have been deployed, totaling 220 firefighters and 65 vehicles. This aid is in addition to pre-deployed ground firefighting teams from Romania, Bulgaria, and Malta already…
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European Commission Approves €3 Billion Scheme to Support Private Investments in Strategic Goods for a Net-Zero Economy
The European Commission has granted approval to a €3 billion German scheme aimed at supporting private investments in specific strategic goods essential for fostering the transition to a net-zero economy, aligning with the Green Deal Industrial Plan. This scheme falls under the State aid Temporary Crisis and Transition Framework, which was adopted on March 9,…
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EU and Uruguay Strengthen Collaboration on Renewable Energy and Hydrogen Transition
EU and Uruguay have taken a significant step towards enhancing their collaboration in the pursuit of clean energy transition. During the EU-CELAC Summit in Brussels, Commissioner for Energy Kadri Simson and Uruguay’s Minister for Foreign Affairs Francisco Bustillo Bonasso signed a Memorandum of Understanding on renewable energy, energy efficiency, and renewable hydrogen. This momentous occasion…
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EU Takes Steps to Enhance Retail Investment: Commissioner McGuinness Emphasizes the Need for Change
In a speech at the DG FISMA Roundtable on the distribution of retail investment products, Commissioner McGuinness highlighted the challenges faced by the European retail investment market and outlined the European Commission’s approach to tackle them. The Commissioner stressed the importance of supporting retail investment in Europe and expressed the shared objective among stakeholders, despite…
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EU: Executive Vice-President Dombrovskis Addresses the ECON Committee on the EU’s Reaction to the US Inflation Reduction Act (IRA)
Executive Vice-President Dombrovskis appeared before the ECON Committee of the European Parliament to discuss the EU’s response to the US Inflation Reduction Act (IRA) and the importance of EU-US relations across various policy areas. Dombrovskis highlighted the strong partnership between the EU and the US in terms of trade and investments. Transatlantic trade in goods…