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In a historic vote on Tuesday, Parliamentarians in Strasbourg and Kiev voted simultaneously to approve the EU–Ukraine association agreement. Closer to home, the EP proposed to increase financial aid for farmers affected by the Russian agricultural import ban and urged the EU to use all possible means to combat the Islamic State.
Euro area annual inflation was 0.4% in August 2014, unchanged compared to July. In August 2013 the rate was 1.3%. Monthly inflation was 0.1% in August 2014.
The European Parliament gave its consent to the EU-Ukraine Association agreement, which includes a Deep and Comprehensive Free Trade Agreement (DCFTA).
The European Commission published a report on its ambitious science and technology Flagships. The report draws the lessons from setting up the first two such Flagships, Graphene and the Human Brain Project, each representing an investment of EUR 1 billion.
The number of persons employed increased by 0.2% in the euro area (EA18) and by 0.3% in the EU28 in the second quarter of 2014 compared with the previous quarter.
The EU took new sanctions targeting sectoral cooperation and exchanges with Russia. They will enter into force on 12 September.
EU manufacturing possesses a number of competitive strengths that should be leveraged to promote economic growth, despite the current difficult economic environment. This is the conclusion of the two reports on industrial competitiveness released by the Commission.
The European Commission has invited Member States to propose projects to use €11.9 billion of EU funding to improve European transport connections. This is the largest ever single amount of EU funding earmarked for transport infrastructure.
President-elect Juncker unveiled his team and the new shape of the next European Commission. After the European Union has come through one of the most testing periods in its history, one of the biggest challenges will be to convince citizens that things will change.
During an extraordinary meeting at the Council, EU agriculture ministers debated the Russian ban on imports of EU agricultural products, which includes meat, fish, dairy products, fruit and vegetables.
President-elect Jean-Claude Juncker today sent the list of Commissioners-designate to Italian Prime Minister Matteo Renzi in his capacity as President of the Council of the European Union.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility will decrease to 0.05% and 0.30% respectively. The interest rate on the deposit facility will decrease to -0.20%.
A report published today by the European Court of Auditors (ECA) reveals that the EU has made a significant financial contribution to the creation of business incubator infrastructure, particularly in Member States in which this type of business support is relatively rare. However, the performance of audited incubators was modest.
Starting today, President-elect Jean-Claude Juncker will interview each Member State's candidate for Commissioner, before taking a final decision and communicating the list of Commissioners-designate to the Council of the European Union.
At the meeting the new President of the European Council and EU High Representative were appointed. EU leaders also discussed the weak economy and the situation in Ukraine, Gaza and Iraq.
The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in July 2014, stable compared with June 2014, but down from 11.9% in July 2013. The EU28 unemployment rate was 10.2% in July 2014, also stable compared with June 2014, but down from 10.9% in July 2013.
In August the Economic Sentiment Indicator (ESI) fell in the euro area (by 1.5 points to 100.6) and the EU (by 1.2 points at 104.6). The Business Climate Indicator (BCI) for the euro area remained broadly flat (at +0.16) compared to July (+0.17).
Robust customs risk management is essential to protect the safety and security of the EU and its citizens, the interests of legitimate traders and EU financial interests, while at the same time enabling the smooth flow of trade.
Euro area annual inflation was 0.4% in July 2014, down from 0.5% in June. This is the lowest annual inflation rate since October 2009. In July 2013 the rate was 1.6%. Monthly inflation was -0.7% in July 2014.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.15%, 0.40% and -0.10% respectively.