Monthly Archives: January 2016

Government finance statistics – What is the extent of contingent liabilities and non-performing loans in the EU Member States?

Eurostat, the statistical office of the European Union, publishes today information on contingent liabilities and non-performing loans of government in 2014. These data have been provided by the EU Member States in the context of the Enhanced Economic Governance package … Continue reading

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Keynote address by Commissioner Jonathan Hill at the Trans Atlantic Consumer Dialogue, Brussels

It’s a great pleasure to be here at your annual conference and to have the opportunity to talk about financial services from the point of view of the consumer. We depend on a strong financial services industry to pay our … Continue reading

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Antitrust: Commission fines car parts producers € 137 789 000 in cartel settlement

The European Commission has imposed fines of € 137 789 000 on Melco (Mitsubishi Electric) and Hitachi for participating in a cartel for alternators and starters with another firm, Denso, in breach of EU antitrust rules. Denso was not fined … Continue reading

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Kyrgyz Republic: EU releases EUR 15 million of its Macro-Financial Assistance

The European Commission has approved the release of EUR 15 million as part of the EU’s Macro-Financial Assistance (MFA) programme for the Kyrgyz Republic. The payment consists of EUR 5 million in grants and EUR 10 million in loans, and … Continue reading

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Erasmus+: Providing more and better opportunities to support Europe’s future generations

In its first year, Erasmus+, the bigger and more fit-for-purpose programme for education, training, youth and sport, is already living up to expectations. With a budget of over €2 billion in its initial year, Erasmus+ has already offered more than … Continue reading

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Commission invests € 63.8 million in new environmental projects across Member States

The European Commission today announced an investment of € 63.8 million for the first-ever “Integrated Projects” to be funded under the LIFE programme for the environment. “Integrated Projects” were introduced to implement environmental legislation on a wider scale and increase … Continue reading

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Commission presents its evaluation of the 7th Framework Programme for Research

The European Commission has published its ex-post evaluation of the 7th Framework Programme (FP7), the EU’s research funding programme between 2007 and 2013. The evaluation is based on a report by an independent group of high level experts, as well … Continue reading

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EU research funding boosts scientific excellence and competitiveness, report finds

Investment in research and innovation from the EU budget between 2007 and 2013 has greatly improved scientific excellence in Europe and strengthened its competitiveness by improving industry’s capacity to innovate. These are some of the main findings of the evaluation … Continue reading

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Foreign Direct Investment stocks at the end of 2014 – The EU, a net investor in the rest of the world – Main FDI partner: by far the United States

At the end of 2014, the European Union (EU) held Foreign Direct Investment (FDI) stocks of €5 749 billion in the rest of the world (+7.6% compared with the end of 2013), while stocks held by the rest of the … Continue reading

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European Commission awards €20 million in top-up grants for most promising innovation projects

EU joint mission to Turkey: together to discuss common challenges EU High Representative for Foreign Affairs and Security Policy / Vice President of the European Commission Federica Mogherini together with Commissioner for European Neighbourhood Policy and Enlargement Negotiations, Johannes Hahn … Continue reading

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