In the week ending 24 February 2023 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.5 billion to EUR 324.1 billion.

Discarded textiles in Europe, including used clothing and footwear, are an increasing waste and export problem. Rapidly increasing EU exports of used textiles — some of which is reused and some of which ends up in landfills — show that Europe faces a challenge in how to handle its own used textiles, according to a […]

At its plenary session on 24 February, the EESC adopted an opinion on the Commission’s Communication outlining orientations for a reform of the economic governance framework. While the EESC agrees on the need for a swift agreement ahead of the Member States’ budgetary processes for 2024, it also stresses that many details are yet to […]

Annual growth rate of broad monetary aggregate M3 decreased to 3.5% in January 2023 from 4.1% in December Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to -0.7% in January from 0.6% in December Annual growth rate of adjusted loans to households decreased to 3.6% in January from 3.8% in December Annual […]

The European Commission has approved, under EU State aid rules, a €3 billion French scheme to compensate companies in five French outermost regions for the additional costs borne when operating in those territories until 2027.

The Commission welcomes the Council’s adoption of a 10th package of sanctions against Russia and those that support it in its illegal aggression against Ukraine. 24 February marks one year since Russia’s full-scale invasion of Ukraine and 9 years since the beginning of Russia’s illegal invasion and occupation of Ukrainian territory. This package is turning up […]

In the aftermath of one of the strongest earthquakes in the history of the region, a large number of people have lost their homes and livelihoods, who are therefore in need of emergency assistance.

In a newly adopted opinion on the European Commission’s regulation on short-term accommodation rental through online platforms, the EESC stresses that national and local authorities should be urged to carry out impact assessments to see how such activities are affecting the lives of local residents and businesses such as hotels and other hospitality facilities.

Residues of veterinary drugs and other substances found in animals and animal-derived food continue to decline in the European Union and compliance levels are on the rise, the latest data reveals.