European Commission


    • European Defence Fund gets shape

      European Defence Fund gets shape

      The Commission adopted last Tuesday a work programmes to co-finance joint defence industrial projects in 2019-2020 worth up to €500m. A further €25m were earmarked to support collaborative defence research projects in 2019, with calls for proposals already launched. The programmes are precursors to the European Defence Fund, which will become fully functioning from 2021.

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    • EC lays plans to become next big tech investor in Europe

      EC lays plans to become next big tech investor in Europe

      The European Commission scaled up its campaign to create a new way to fund innovation in Europe, promising a €300m budget boost to help a planned funding agency to start buying shares in small European technology companies as early as this year. The initiative to form a European Innovation Council (EIC) aims to create more world-scale tech companies in Europe with a budget that will eventually top €1.5bn a year. Global competition is intensifying and the EU needs to deepen its innovation and risk-taking capability to compete on a market increasingly defined by new technologies.

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    • Foreign ownership of European companies in key sectors goes up

      Foreign ownership of European companies in key sectors goes up

      In its first ever report on the matter released last Wednesday, the Commission threw light on foreign direct investment across the EU, confirming a continuous rise in foreign company ownership in key sectors in the Union and an increase in investments from emerging economies, such as China. The report illustrates the need for effective implementation of the freshly adopted EU investment screening framework.

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    • 54 alliances vying to become the first European Universities

      54 alliances vying to become the first European Universities

      The first pilot call under the European Universities Initiative has resulted in applications from 54 alliances, involving more than 300 higher education institutions from 31 European countries including all EU Member States. The institutions include comprehensive and research-based universities, universities of applied sciences, technical universities, as well as art and medical schools.

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    • Keeping migration under control

      Keeping migration under control

      Ahead of the March European Council, the Commission took stock of progress made over the past 4 years and set out the measures still required to address immediate and future migration challenges, the EU press service reported. Faced with the most severe refugee crisis the world has seen since the Second World War, the EU managed to bring about a step change in migration management and border protection.

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    • Commission fines auto parts cartel

      Commission fines auto parts cartel

      The Commission has fined Autoliv and TRW a total of €368m for breaching EU antitrust rules, the EU press service reported. Takata was not fined as it revealed the cartels to the Commission. The companies took part in two cartels for the supply of car seatbelts, airbags and steering wheels to European car producers. All three suppliers acknowledged their involvement in the cartels and agreed to settle the case.

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    • EU and Qatar reach aviation agreement

      EU and Qatar reach aviation agreement

      The European Union and the State of Qatar initialled today an aviation agreement, the first such agreement between the EU and a partner from the Gulf region. As stated, the agreement was negotiated by the EU Commission on behalf of the European Member States as part of its Aviation Strategy for Europe – a milestone initiative to give a new boost to European aviation and provide business opportunities.

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    • Huge imbalances prevail across EU

      Huge imbalances prevail across EU

      The EU should work harder in order to improve convergence among Member States as at the time economy slows at least half of the countries are experiencing serious economic imbalances, the EU press service reported. In a regular Winter Semester check-up of EU governments' economic policies, the Commission renewed its warning that gaps not being addressed in several states are harmful to the whole Union.

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    • New EU rules on covered bonds agreed

      New EU rules on covered bonds agreed

      The Commission announced on Tuesday the welcoming of the political agreement reached by the European Parliament and Member States on new rules to promote the EU covered bonds market. An important element of the Capital Markets Union (CMU), the new rules will provide a source of long-term financing for banks in support to the real economy.

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