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Euro area annual inflation was 0.5% in May 2014, down from 0.7% in April. A year earlier the rate was 1.4%. Monthly inflation was -0.1% in May 2014.
Today's annual report covers the reporting period 2013, where a total of 3 205 original notifications were transmitted through the RASFF, of which 596 were classified as an alert, 442 as information for follow-up, 705 as information for attention and 1 462 as border rejection notification.
The bulk of the commitments is for future projects that make Europe stronger economically whereas some 40% of the payments still cover EU funded projects from the 2007-2013 financial period.
The Commission has proposed measures to further safeguard procedural guarantees in OLAF investigations, in order to complete the already comprehensive reform of the EU's anti-fraud office.
The European Commission has highlighted the importance of research and innovation (R&I) investments and reforms for economic recovery in the European Union, and made proposals to help EU Member States maximise the impact of their budgets at a time when many countries still face spending constraints.
This new Framework aims at ensuring that the EU continues to play a leading role in the promotion of high standards for working conditions both within Europe and internationally, in line with the Europe 2020 Strategy.
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 0.15% and 0.40% respectively. The interest rate on the deposit facility will decrease to -0.10%.
The European Commission has today released its 2014 Convergence Report, which assesses eight Member States' readiness to join the single currency. These countries have made uneven progress on the road to euro adoption, but Lithuania stands out from this group as it now fulfils the convergence criteria.
The euro area seasonally-adjusted unemployment rate was 11.7% in April 2014, down from 11.8% in March 2014, and from 12.0% in April 2013. The EU28 unemployment rate was 10.4% in April 2014, down from 10.5% in March 2014, and from 10.9% in April 2013.
The European Commission has today adopted a series of economic policy recommendations to individual Member States to strengthen the recovery that began a year ago.
The European Commission reacts on the current geopolitical environment and the EU´s import dependence: It advocates a new European Energy Security Strategy. Diversifying external energy supplies, upgrading energy infrastructure, completing the EU internal energy market and saving energy are among its main points.
New data shows the Commission is on track to 95 of its 101 digital actions by 2015, which shows good progress. EU citizens and businesses are going online more, shopping more and they have greater confidence and skills in ICT.
The water at Europe’s beaches, rivers and lakes was generally of high quality in 2013, with more than 95 % of these sites meeting minimum requirements. Coastal performed slightly better than inland bathing waters, the data shows.
Elections to the European Parliament took place throughout the EU from 22 – 25 May.
On the International Day for Biological Diversity today, the Commission is launching a major new initiative to halt biodiversity loss and eradicate poverty in developing countries.
The new R&D&I state aid Framework sets out the conditions under which Member States can grant state aid to companies to carry out R&D&I activities.
Such heavy-duty vehicles (HDVs) are responsible for around a quarter of CO2 emissions from road transport in the EU. Without action, HDV emissions in 2030-2050 are projected to remain close to current, unsustainable levels.
The European Commission has informed Crédit Agricole, HSBC and JPMorgan of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro currency.
This economic review sets out how the reforms will deliver a safer and more responsible financial system by enhancing financial stability, deepening the single market for financial services and improving its efficiency whilst improving market integrity and confidence.
Euro area annual inflation was 0.7% in April 2014, up from 0.5% in March. A year earlier the rate was 1.2%. Monthly inflation was 0.2% in April 2014.