Armenian companies to get enhanced access to finance as EIB Global and European Commission offer

·       Armenian micro-, small and medium-sized enterprises (MSMEs) are the focus of a nearly €70 million financing package from EIB Global and the European Commission. ·       EIB Global is offering €58.5 million in loans to three Armenian financial …

Commission approves €790 million Romanian State aid measure to support closure of coal mines in Jiu Valley - European ...

A view from Brussels: European Commission's new tech policy center of gravity

IAPP Managing Director, Europe, Isabelle Roccia, CIPP/E, writes the European Parliament was buzzing over the past two weeks as it held confirmation hearings of designate commissioners for the new College of Commissioners. Roccia highlights the hearings …

European Commission warns Belgium about rising public spending

Without changed policies, Belgium risks its budget deficit rising to 4.9 per cent of GDP in 2025, the European Commission has warned in its new economic growth forecast.  Spending on pensions and social benefits continues to rise, as does interest …

Malta tops European Commission’s economic growth forecast for 2025

The Maltese economy maintains its growth momentum on the back of strong domestic demand and export performance. “Tourism arrivals to Malta continue to grow, while the strong employment and recovering real wages are supporting consumption,” the Commission …

European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024

The European Commission’s autumn macroeconomic forecast for the Greek economy projects a 2.1% increase in Greece’s GDP for 2024, with a generally similar growth rate expected to be maintained in 2025 and 2026, supported by the implementation of the …

European Commission approves funding for five defence projects, including purchase of air defence systems for Ukraine

The European Commission has approved funding for five defence projects. Each of them will receive €60 million, according to a press release. Most projects also include the purchase of defence products for Ukraine, including air and missile defence systems …

European Commission expects Malta's economy to grow more than first thought

The European Commission expects Malta’s economy to grow at a faster rate this year than it had predicted in the spring. An economic forecast for all member states released by the Commission on Friday notes that real GDP in Malta is project to grow by 5% …

Meta fined nearly €800m by European Commission over Facebook Marketplace

Meta has been fined nearly €800 million by the European Commission for competition law breaches related to Facebook Marketplace. According to the Commission, Meta abused its dominant position in the market for personal social networks by tying Facebook …

European Commission takes Romania, Bulgaria to court for failing to treat wastewater

On Thursday, November 14, the European Commission decided to refer Romania and Bulgaria to the Court of Justice of the European Union for failing to fully comply with the obligations regarding collection and treatment established in the Urban Waste Water …