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The United Kingdom left the European Union on 31 January 2020, after 47 years of EU membership. In accordance with the Withdrawal Agreement, it is now officially a third country to the EU and hence...

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The German stock market index DAX at the stock exchange © EU
24/07/2020 - Covid-19 / Economy and the euro

The European Commission has adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy. Today's measures aim to make it easier for capital markets to support European businesses to recover from the crisis. 

Ursula von der Leyen, Charles Michel, David Sassoli © EU
23/07/2020 - Covid-19 / Economy and the euro / Institutional affairs

In an extraordinary plenary session, MEPs commented on the 17-21 July European Council deal on EU financing and the recovery plan to tackle the pandemic fallout.

Ursula VON DER LEYEN, President of the European Commission; Charles MICHEL, President of the European Council © EU
21/07/2020 - Economy and the euro / Institutional affairs

EU leaders agreed a recovery package and the 2021-2027 budget that will help the EU to rebuild after the pandemic and will support investment in the green and digital transitions.

20/07/2020 - Business, taxation and competition / Economy and the euro
Train illustration © EU
16/07/2020 - Economy and the euro / Transport and travel

The EU is supporting the economic recovery in all Member States by injecting almost €2.2 billion into 140 key transport projects. These projects will help build missing transport links across the continent, support sustainable transport and create jobs.

Valdis Dombrovskis © EU
15/07/2020 - Business, taxation and competition / Economy and the euro

The European Commission has adopted an ambitious new Tax Package to ensure that EU tax policy supports Europe's economic recovery and long-term growth. The Package is built on the twin pillars of fairness and simplicity.

Olaf Scholz, German Federal Minister of Finance © EU
10/07/2020 - Business, taxation and competition / Economy and the euro

Finance ministers exchanged views on the progress achieved on measures to respond to the COVID-19 crisis at EU level. They held a discussion on the priorities to bring the capital markets union forward. They also took stock of the convergence reports for the adoption of the single currency by non-euro member states published by the European Commission and the European Central Bank.

Paolo Gentiloni © EU
07/07/2020 - Economy and the euro

The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels.

Investment plan for Europe illustration © EU
02/07/2020 - Business, taxation and competition / Economy and the euro / Employment and social rights

The European Commission and the European Investment Bank (EIB) Group have delivered on their pledge to mobilise €500 billion in investment under the Investment Plan for Europe.

Illustration of the EU budget with a graph © EU
24/06/2020 - Covid-19 / Economy and the euro

The Commission has today proposed an EU budget of €166.7 billion for 2021, to be complemented by €211 billion in grants and approximately €133 billion in loans under Next Generation EU. Together, the annual budget and Next Generation EU will mobilise significant investments in 2021 to address the immediate economic and social damage caused by the coronavirus pandemic, kick-start a sustainable recovery and protect and create jobs.

Windmill and fields © EU
18/06/2020 - Business, taxation and competition / Economy and the euro / Energy, environment and climate

Parliament has adopted new legislation on sustainable investments. It lays down six environmental objectives and allows economic activity to be labelled as environmentally sustainable if it contributes to at least one of the objectives without significantly harming any of the others.

A baker working with a face mask during the coronavirus pandemic in Barreiro, Portugal © EU
16/06/2020 - Business, taxation and competition / Covid-19 / Economy and the euro

The European Investment Bank (EIB) Group is joining forces with Banco Sabadell to support small and medium-sized enterprises (SMEs) – the businesses most affected by the economic impact of COVID-19.

Tomislav Ćorić © EU
15/06/2020 - Economy and the euro / Energy, environment and climate

EU energy ministers had an exchange of views on the economic recovery after the Covid-19 crisis and the European Green Deal, with a focus on innovative energy solutions.

Mario Centeno, President of the Eurogroup © EU
12/06/2020 - Business, taxation and competition / Economy and the euro

The incumbent Eurogroup president, whose term comes to an end on 12 July, informed ministers of the process for electing a new president. The Eurogroup discussed the sixth enhanced surveillance report on Greece and published a statement on the release of policy-contingent debt measures. In inclusive format, ministers exchanged views on the economic situation and economic recovery plans following the COVID-19 pandemic.

Graph of main findings of the 2020 DESI © EU
11/06/2020 - Business, taxation and competition / Economy and the euro

The Commission released the results of the 2020 Digital Economy and Society Index (DESI), which monitors Europe's overall digital performance and tracks the progress of EU countries with respect to their digital competitiveness.

2020 Blue Economy Report: Blue sectors contribute to the recovery and pave way for EU Green Deal
11/06/2020 - Economy and the euro / Food, farming and fisheries

Today, the European Commission published “The EU Blue Economy Report 2020”, providing an overview of the performance of the EU economic sectors related to oceans and the coastal environment.

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