Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

Reform of bank crisis management and deposit insurance framework - guide — 19 April 2023, 22:55 CET

The European Commission adopted on 18 April a proposal to adjust and further strengthen the EU's existing bank crisis management and deposit insurance (CMDI) framework, with a focus on medium-sized and smaller banks.

European Regional Competitiveness Index — 28 March 2023, 16:06 CET

Since 2010, the EU Regional Competitiveness Index (RCI) has been measuring the major factors of competitiveness for all the NUTS-2 level regions across the European Union. The Index measures, with a rich set of indicators, the ability of a region to offer an attractive environment for firms and residents to live and work.

2023 Technical Support Instrument - guide — 21 March 2023, 22:29 CET

The European Commission approved on 21 March a new round of 151 projects under the Technical Support Instrument (TSI), to support all Member States in preparing, designing and implementing up to 326 cutting-edge reforms in 2023.

Artificial intelligence on EU auditors' radar screen — 20 March 2023, 18:40 CET

An assessment of EU action to support the development of artificial intelligence was under way Monday, as EU auditors examine whether EU plans are conducive to positioning Europe as a global leader in AI.

SME Recovery fades, but recession unlikely — 16 March 2023, 22:42 CET

The SME Business Climate Index presented today drops further to 71.3 and shows that SME recovery is stalling. However, the index stays above the baseline of 70, which means no recession is expected in the coming months.

EU fiscal policy for 2024 to focus on future growth and debt sustainability — 09 March 2023, 16:27 CET

EU states' fiscal policies in 2024 should ensure medium-term debt sustainability and promote sustainable and inclusive growth, the Commission said Wednesday in its guidance on fiscal policy for next year.

Commission fiscal policy guidance for 2024 - guide — 08 March 2023, 18:21 CET

The European Commission on 8 March provided guidance to EU Member States on the conduct and coordination of fiscal policy for next year.

EU agrees draft deal on European green bonds — 01 March 2023, 23:02 CET

EU negotiators struck a deal on the European Green Bond Regulation Tuesday, establishing an EU voluntary high-quality standard for the issuing of environmentally sustainable bonds.

EU imposes tenth package of sanctions on Russia — 27 February 2023, 19:22 CET

On the one-year anniversary of Russia's full-scale invasion and brutal military aggression against Ukraine, the EU Council on Saturday imposed its 10th package of sanctions on Russia.

Communication marking two years of EU Recovery and Resilience Facility — 21 February 2023, 22:16 CET

The European Commission adopted on 21 February a Communication marking the two-year anniversary of the creation of the Recovery and Resilience Facility (RRF), the key instrument at the heart of the EUR 800 billion NextGenerationEU recovery plan for Europe.

EU set to hit Russia, Iran with new sanctions — 15 February 2023, 22:43 CET

The EU signalled a 10th package of sanctions on Russia Wednesday, with export bans worth more than EUR 11 billion and controls on electronic components used in Russian weapons systems.

Russia, British Virgin Islands added to EU tax haven blacklist — 14 February 2023, 23:20 CET

The EU on Tuesday added Russia and the British Virgin Islands, as well as Costa Rica and Marshall Islands, to the EU's list of non-cooperative jurisdictions for tax purposes.

Commission launches European Regulatory Sandbox for Blockchain — 14 February 2023, 23:18 CET

The European Commission launched Tuesday a regulatory sandbox for innovative use cases involving Distributed Ledger Technologies (DLT).

European economy set to narrowly avoid recession — 13 February 2023, 22:19 CET

The European Union is set to narrowly avoid the technical recession that was anticipated for the turn of the year, according to the EU's winter economic forecast, published Monday.

MEPs want large companies to stop harming the planet and people — 09 February 2023, 21:57 CET

Today, MEPs at the European Parliament's Committee on Environment (ENVI) took an important step toward more business accountability as they voted for making it mandatory for companies to address environmental and human rights concerns in their operations and value chains.

EU and G7 set price cap on Russian petroleum products — 08 February 2023, 22:22 CET

The EU - together with the G7+ Price Cap Coalition - on Saturday adopted further price caps for seaborne petroleum products (such as diesel and fuel oil) originating in, or exported from Russia.

40 pct of online shops engaged in manipulative practices - EU report — 30 January 2023, 23:26 CET

148 out of 399 online shops screened by the EU in a "sweep" of online retail websites were found to engage in 'manipulative online practices, the European Commission announced on Monday.

MEPs vote to make financial sector accountable for environmental harm and human rights violations — 25 January 2023, 17:47 CET

MEPs from the European Parliament's Committee on Economic and Monetary Affairs opened the way on 24 January for increased accountability from businesses.

Brussels mulls revision of Late Payment Directive — 23 January 2023, 23:55 CET

The European Commission launched an open public consultation Friday to collect information on late or unfair payment practices and payment behaviour in commercial transactions.

Independent Science-Based Taxonomy launched to save EU's official list of green investments — 18 January 2023, 16:37 CET

Environmental experts publish science-based Taxonomy and appeal to the investor community to use these new criteria instead

Croatia completes euro changeover — 17 January 2023, 18:56 CET

Croatia has successfully completed its changeover to the euro single currency, with a 14-day dual circulation period (when both the kuna and the euro could be used) ending on Saturday.

Croatia and the euro — 16 January 2023, 23:35 CET

Croatia joined the European Union in 2013 and adopted the euro on 1 January 2023.

Brussels accepts Amazon commitments over data and Prime — 02 January 2023, 01:05 CET

The EU Commission made commitments offered by Amazon - barring it from using marketplace seller data, and ensuring equal access to Buy Box and Prime - legally binding under EU antitrust rules Wednesday

Croatia ushers in New Year by joining euro and Schengen — 02 January 2023, 01:05 CET

Croatia became the twentieth member of the European Union's common currency on 1 January, when it also joined the EU's borderless Schengen zone.

SURE - the European instrument for temporary Support to mitigate Unemployment Risks in an Emergency — 14 December 2022, 23:46 CET

The temporary Support to mitigate Unemployment Risks in an Emergency (SURE) is available for EU Member States that need to mobilise significant financial means to fight the negative economic and social consequences of the coronavirus outbreak on their territory. It can provide financial assistance up to €100 billion in the form of loans from the EU to affected Member States to address sudden increases in public expenditure for the preservation of employment. SURE is a crucial element of the EU's comprehensive strategy to protect citizens and mitigate the severely negative socio-economic consequences of the coronavirus pandemic.