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Europe is one of the world’s leading regions in terms of sustainability and inclusion. But its per capita income remains 27 percent lower than in the United States. Closing that prosperity gap is one of Europes challenges and the success depends on accelerating growth by becoming more globally competitive. The …
The European Union’s new Cybersecurity Regulation, which entered into force, January 7, 2024, lays out a comprehensive framework to enhance the EU cybersecurity of all its institutions, bodies, offices, and agencies. The Regulation establishes an internal cybersecurity risk management, governance, and control framework for each Union entity and sets up …
The European Union has implemented groundbreaking tax reforms that establish 1. a minimum tax rate of 15% for multinational companies active in EU Member States as well as 2. intensify the fight against VAT-frauds. These measures, which came into force, January 1, 2024, aim to address the issue of profit …
The European Union’s new asylum agreement, approved on December 20, 2023, aims to reform the bloc’s migration and asylum system by introducing a more efficient and fair process for asylum seekers. The agreement has been met with mixed reactions, with some praising its potential to address the challenges of migration …
After the debacle yesterday in Brussels, when Hungary’s Victor Orban again chose to fundamentally breach EU:s fundamental values when refusing to support Ukraine in its fight for their national integrity, European security and general democratic values. These values and the fact that the European Union originally was built as a …
In a landmark move, the European Union’s Council and Parliament have reached a provisional agreement to reform the bloc’s electricity market design. This groundbreaking Electricity Market Reform deal promises to bring about a multitude of benefits for EU citizens, including: Shielding Consumers from Price Spikes: The reform aims to make …
The provisional agreement on the Artificial Intelligence Act (AI Act) is a significant step forward in regulating the development and use of AI in the EU. The agreement establishes a comprehensive framework that aims to ensure that AI systems are safe, trustworthy, and respect fundamental rights. This is a positive …
BRUSSELS, Belgium – The European Parliament and the Council of the EU are set to resume negotiations on the proposed EU AI Act on Wednesday this week. The Act, which aims to establish a harmonised framework for the development, deployment, and use of AI across the bloc, has been the …
Sweden (8%) and Spain (12%) have the highest unemployment rate in the European Union, while Italy (24.7%) and Spain (28%) have the highest unemployment rate among youth 15-24 years old, with Sweden (22.1%) in third place. In October 2023, the seasonally-adjusted unemployment rate for the euro area remained unchanged at …
BRUSSELS, November 30, 2023 – Euro area annual inflation is expected to be 2.4% in November 2023, down from 2.9% in October 2023. This is according to a flash estimate from Eurostat, the statistical office of the European Union. Food, alcohol & tobacco is expected to have the highest annual …
