The European Union and Armenia at a first ever summit in Yerevan reinforced cooperation in the areas of economic development, connectivity, security and defence.
A mere 1 per cent of EU market producer enterprises were under foreign control in 2023, but their value to the EU’s economy in terms of employment and value added is significant, according to figures from Eurostat.
Grants of more than €358 million have been awarded to 132 projects across Europe under the EU’s LIFE Programme for environment and climate action, covering the circular economy, clean energy and restoration of natural habitats.
Total expenditure on social protection benefits in the EU reached €4,925 billion in 2024, according to early estimates, with Finland spending most as a percentage of GDP at 32.5 per cent of GDP.
The EU contributed €31.7 billion in climate finance from public sources, plus an additional €11.0 billion of private finance to help support developing countries in reducing their greenhouse gas emissions and adapting to the impacts of climate change.
A new package of sanctions against Russia adopted by EU Member States targets key sectors of Russia’s economy such as energy, finance and the military industrial base, as well as enablers and profiteers of its war of aggression.
The European Commission has signed an amending protocol enhancing the existing tax cooperation agreement with Switzerland, part of EU efforts to fight against tax fraud and evasion.
