Category: EU
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EIB Provides €300 Million Loan to Banco Santander Brasil for Small-Scale Solar Energy Investments
EIB Provides €300 Million Loan to Banco Santander Brasil for Small-Scale Solar Energy Investments Brussels – The European Investment Bank (EIB), the largest multilateral public bank in the world, has signed a €300 million loan agreement with Banco Santander (Brasil), the largest foreign bank in Brazil, to promote the use of renewable energy in the…
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EU Finance Ministers Discuss Urgent Priorities at ECOFIN Press Conference
In a press conference following the first Economic and Financial Affairs Council (ECOFIN) meeting under the Spanish EU Presidency, Executive Vice-President Valdis Dombrovskis addressed the urgent work areas demanding the EU’s attention. The Spanish Presidency’s priorities for the next six months, which focus on the green transition and building a more competitive, fair, and caring…
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EU and Tunisia Sign Comprehensive Partnership Agreement
In a joint press statement, European Commission President Ursula von der Leyen, Tunisian President Saied, Dutch Prime Minister Rutte, and Italian Prime Minister Meloni announced the signing of a Memorandum of Understanding on a strategic and comprehensive partnership between the European Union and Tunisia. The leaders gathered in Tunis to commemorate the occasion and express…
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President Ursula von der Leyen Affirms Support for Ukraine in Speech at French National Day Reception
President von der Leyen highlights Ukraine’s choice for Europe and emphasizes the importance of values Brussels, EU – President Ursula von der Leyen delivered a speech at the reception held in honor of the French National Day, reaffirming the European Union’s support for Ukraine and emphasizing the importance of shared values. President von der Leyen…
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NextGenerationEU: Austria and Slovenia Request Revision of Recovery and Resilience Plans, Including REPowerEU Chapters
Today, Austria and Slovenia have submitted requests to the European Commission to revise their recovery and resilience plans and incorporate REPowerEU chapters. Austria’s proposed REPowerEU chapter introduces two key reforms. The first reform aims to streamline permitting procedures for renewable energy projects, while the second focuses on adopting and implementing a national Hydrogen Strategy to…
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President von der Leyen and UN Secretary-General Discuss Global Challenges Ahead of European Commission-United Nations Retreat
President Ursula von der Leyen and UN Secretary-General António Guterres held a press statement ahead of the European Commission-United Nations Retreat, highlighting the importance of international cooperation to address global challenges. They discussed key topics including Ukraine, climate change, the digital transition, and the Sustainable Development Goals (SDGs). President von der Leyen emphasized the need…
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Vice-President Šefčovič Announces Positive Results of Second Gas Tender on EU Energy Platform
In a recent statement, Vice-President Šefčovič shared the successful outcome of the second gas tender conducted through the EU Energy Platform. The EU Energy Platform was established to facilitate joint purchasing of gas by companies and has shown promising results since its launch. The second call for joint gas purchasing, which commenced on June 26,…
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HERA Invest Targets Innovative Companies in Clinical Trials to Foster Medical Countermeasures
In a significant move towards enhancing European health security coordination, the Health Emergency Preparedness and Response Authority (HERA) has introduced HERA Invest, a financing mechanism aimed at supporting innovative companies, particularly small and medium-sized enterprises (SMEs), engaged in clinical trials for medical countermeasures. Backed by a €100 million guarantee, HERA Invest seeks to leverage public…
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European Citizens’ Initiative on Taxing Great Wealth Registered by the European Commission
The European Commission has announced the registration of a European Citizens’ Initiative (ECI) titled ‘Taxing great wealth to finance the ecological and social transition.’ The organisers of the initiative are calling on the Commission to establish a European tax on great wealth, with the aim of financing the ecological and social transition and addressing climate…
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EU Adopts New Adequacy Decision for Safe and Trusted EU-US Data Flows
The European Commission has adopted a new adequacy decision for the EU-U.S. Data Privacy Framework, ensuring that the United States provides an adequate level of protection for personal data transferred from the EU to U.S. companies under the new framework. The decision allows for safe and secure data flows from the EU to participating U.S.…
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EU and New Zealand Sign Ambitious Free Trade Agreement
The European Union (EU) and New Zealand have officially signed their free trade agreement (FTA), marking a significant milestone in their economic partnership. The FTA is expected to bring substantial benefits to the EU, with an estimated €140 million reduction in duties for EU companies in the first year alone. Bilateral trade between the EU…
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EIB Provides €18 Million to Rocsys for Robotic Electric Vehicle Charging Infrastructure Research and Development
The European Investment Bank (EIB) has signed a €18 million quasi-equity agreement with Rocsys BV, an electric vehicle charging innovator, to finance the development and deployment of next-generation robotic charging infrastructure. Rocsys, based in the Netherlands, is focused on autonomous charging solutions for electric transport. The financing will support Rocsys’ second and third generation autonomous…
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European Commission Adopts Adequacy Decision for EU-US Data Privacy Framework
The European Commission has announced the adoption of its adequacy decision for the EU-US Data Privacy Framework, affirming that the United States provides an adequate level of protection for personal data transferred from the EU to US companies participating in the framework. This decision follows the US’ implementation of new binding safeguards, introduced through an…
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EU Daily News: EU Extends Affordable Calls, Implements Subsidies Regulation, Gains Public Support for Energy Transition Amid Ukraine Crisis
https://ec.europa.eu/commission/presscorner/detail/en/MEX_23_3764
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EU Commissioner Simson Praises Fluxys’ Hydrogen-Ready Pipeline during On-Site Visit
EU Commissioner Simson Praises Fluxys’ Hydrogen-Ready Pipeline during On-Site Visit In a recent speech, EU Energy Commissioner Kadri Simson expressed her admiration for Fluxys’ hydrogen-ready pipeline during an on-site visit to the facility. Commissioner Simson commended Fluxys for its role in diversifying Belgium and other Member States away from Russian gas pipeline supplies and highlighted…
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News from the EU: Commission welcomes political agreement on the support to ramp up the production capacities of ammunition and missiles
The European Commission has expressed its satisfaction with the political agreement reached between the European Parliament and the Council of the European Union regarding the Regulation on supporting ammunition production (ASAP). This agreement includes a budget of €500 million to ensure the efficient ramping up of the EU’s production capacity of ammunition and missiles. ASAP…
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EU Commissioner Elisa Ferreira Delivers Speech on EU Investment Priorities for the Future
Commissioner Elisa Ferreira addressed a high-level event on EU investment instruments to accelerate economic, social, and territorial development through a video message. The event focused on the need for European investment policies to adapt to the rapidly changing times and challenges faced by the European Union. In her speech, Commissioner Ferreira acknowledged the turbulent times…
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EU Press Remarks on Proposals for Sustainable Use of Plant and Soil Resources
Executive Vice-President Timmermans and Commissioner Sinkevičius addressed the media today to discuss the European Commission’s proposals for a more sustainable use of plant and soil natural resources. The proposals aim to complement the climate and biodiversity objectives set out in the Fit for 55 package and the Biodiversity Framework. Executive Vice-President Timmermans highlighted the interconnection…
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EU Innovation Performance Thrives: Member States and Regions Continue to Improve, European Innovation Scoreboard Shows
EU Member States and their regions are continuing to improve their innovation performance, according to the 2023 edition of the European Innovation Scoreboard and the bi-yearly edition of the Regional Innovation Scoreboard. The European Innovation Scoreboard reveals a significant 8.5% improvement in innovation performance since 2016, with 20 Member States experiencing a notable rise in…
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Europe-wide Space-Enabled Aviation System Set to Improve Efficiency and Reduce Emissions
A groundbreaking aviation system backed by the European Space Agency (ESA) is poised to revolutionize air travel across Europe, reducing flight delays and promoting greener journeys. The ESA-supported Iris for aviation system enables pilots to connect digitally with air traffic controllers through satellites, allowing for optimized flight routes. By flying the most efficient paths, pilots…