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In the context of the Multiannual Financial Framework for 2021-2027, the European Commission published a proposal for a regulation on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) on 29 May 2018. The new single regulation on the ERDF and CF (previously covered by two separate regulations) identifies the specific objectives and scope of support for both funds, including non-eligible activities. The majority of ERDF funding will focus on smart growth and the green economy ...

Once More, the US Leads Europe

Išsami analizė 29-06-2021

The US and European economic approaches to the COVID-19 pandemic have differed in many ways. It is most likely that the US recovery will come sooner and will be stronger than in Europe, pretty much as has been the case with the global financial crisis a decade ago. In order to achieve a solid and lasting recovery, Europe needs to learn from the previous crisis and to prepare for the effects of the coming rapid US expansion. This paper was provided by the Policy Department for Economic, Scientific ...

The European Union (EU) and the African Union (AU) have converging interests in a number of areas, such as the fight against climate change and the promotion of sustainable, job-creating economic growth in Africa. However, they still have to find common ground on migration, security management, and fundamental values. In March 2020, the European Commission and the High Representative of the EU for Foreign and Security Policy and Vice-President of the European Commission (HR/VP) proposed to build ...

The European Strategy and Policy Analysis System (ESPAS) – the strategic foresight network of the European Union institutions – offers a valuable ‘free space’ in which to conduct a genuine continental, and potentially global, conversation about where the world is heading over the medium to long run. It was initiated by the European Parliament almost a decade ago in order to help promote a serious discussion of this kind. The third ESPAS Global Trends Report, Global Trends to 2030: Challenges and ...

Article 107(3)(b) of the Treaty on the Functioning of the European Union provides for the possibility of approving state aid for 'important projects of common European interest' (IPCEIs). These provisions have been used very rarely until recently. A specific framework enabling the creation of IPCEIs, originally only in the areas of research, development and innovation, and environmental protection has been in place for 15 years, yet only four such projects have been notified to and assessed by the ...

A 'human-centric digitalisation to develop inclusive economies and societies' is the main concept behind the digital transformation of both the EU and India. During their July 2020 summit, the two agreed to promote global digitalisation standards characterised by 'safe and ethical deployment'. Their flagship initiatives – the EU digital single market and 'Digital India' – make them natural partners in the promotion of these global standards. Yet, if their ICT cooperation is to make sound progress ...

With rising tensions surrounding the multilateral and liberal trading order in recent years, and declining public support for globalisation, the coronavirus pandemic has hit the world economy hard. In the short term, the efforts of the European Union (EU) and its Member States, as well as many other jurisdictions, are focused on supporting a sustained and inclusive economic recovery and on protecting businesses, jobs and livelihoods. At the same time, policy-makers in Europe should seek to address ...

Decoupling economic growth from the depletion of planetary resources is a major challenge. An effective strategy will span several domains. Trends to watch include the development of negative emissions technologies, advances in the storage of renewable energy, the circular economy, and reforestation - among many others.

Industry plays a pivotal role in the EU's economy and growth model. Today, however, it stands at the crossroads, heavily affected by new disruptive forces, ranging from the rise of new technologies to shifts in global economic power and evolving geopolitical circumstances. Addressing these challenges raises a number of critical dilemmas, such as the need to pursue openness of markets and trade while protecting industry from unfair competition, or the need to promote greener and more sustainable industry ...

Committee on Economic and Monetary Affairs (ECON) requested monetary experts to analyse implications of below-target inflation and subdued growth in the the euro area for monetary policy. This note, drawn up by Policy department A, gives an overview of in-depth analyses prepared by the experts for the Monetary Dialogue session which took place on 23 September 2019.