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Top story
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EU finance ministers reach a political agreement on the future fiscal policy framework
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The Ecofin Council reached a political agreement on the economic governance review after many weeks of intensive negotiations. The Commission will continue to assist the EU Council Presidency so that this political agreement can be transposed into a general approach as soon as possible. This will pave the way for opening trilogue negotiations with the European Parliament.
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Viewpoint
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Executive Vice-President Dombrovskis at the ECOFIN video conference
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“The breakthrough at today's Ecofin video conference takes us a big step forward. Given the significant economic challenges we are facing, we must have this framework which ensures fiscal sustainability as well as sustainable and inclusive growth: through stronger ownership and enforcement, risk-based differentiation and incentives for investments and reforms.”
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News
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Commission pays a further €1.5 billion in assistance to Ukraine
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This is the final instalment under the Macro-Financial Assistance + package for Ukraine, bringing total support to the maximum level of €18 billion, the largest macro-financial assistance operation in the history of the instrument.
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Commission endorses a partially positive preliminary assessment of Portugal's payment request for the third and fourth instalments under the Recovery and Resilience Facility
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The assessment concerns the payment requests that Portugal submitted in October 2023, for the third and fourth grant instalments (€1.77 billion and €0.82 billion) and the third and fourth loan instalments (€0.36 billion and €0.22 billion).
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Commission receives payment requests of Spain, Lithuania, Estonia, Cyprus, Romania, Slovakia, Poland and Czechia under the Recovery and Resilience Facility
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The Commission has received the fourth payment request of Spain for €10 billion, as well as Lithuania's, Estonia´s and Cyprus´s second payment requests worth €360 million, €122.3 million and €152 million respectively. It has also received Romania's third payment request (€2 billion), Slovakia's fourth payment request (€799 million), Poland's first payment request (€6.3 billion), and Czechia's second and third payment requests (€702 million).
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Commission provides REPowerEU pre-financing to Austria, Czechia, Denmark, Lithuania, Portugal, Estonia, France, Malta, Slovakia, Slovenia under the Recovery and Resilience Facility
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These pre-financing payments will help to kick-start the implementation of the crucial investment and reform measures outlined in each REPowerEU chapter to save energy, produce clean energy and diversify energy supplies.
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Speeches
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Remarks by Commissioner Gentiloni at the Eurogroup press conference
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As I had the occasion to underline during my visit to Sofia last week, the Commission strongly supports Bulgaria's efforts to join our single currency. The future of Bulgaria lies in the euro area: it is a matter of when, not of if. And we will assess progress towards the criteria when we publish the next convergence report
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Real Economy by Euronews
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Euro area inflation drops to two-year low, but Europeans are still feeling the pinch
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Real Economy asks if businesses and consumers are really seeing a drop in prices, and look ahead to how Europe's economic growth will evolve in the coming months. The episode features an interview with Commissioner Paolo Gentiloni.
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Events and notices
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InvestEU: Financing Europe’s Future, 23 January 2024
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Registration for the InvestEU: Financing Europe’s Future event is now open. The event will highlight the opportunities offered by InvestEU, showcase InvestEU beneficiaries, and provide an opportunity for engagement with InvestEU partners and stakeholders. Click on the link below to keep up to date on the programme and speakers.
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EU Sustainable Investment Summit – 24 January 2024
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The EU Sustainable Investment Summit is the European Commission’s flagship annual event on sustainable investment. The third edition will take place on 24 January 2024 in Brussels. More information on the programme and the speakers will be available soon.
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Brussels Economic Forum: Save the date – 16 May 2024
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Save the date for the European Commission’s Brussels Economic Forum on 16 May 2024. Join us in Brussels or online for a day of debates and networking with speakers and participants from across the world. Keep checking the website for updates
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Open public consultation on SURE
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SURE was established in May 2020 to help Member States fight the negative economic and social consequences of the COVID-19 pandemic. The European Commission has launched an open public consultation to evaluate how SURE has delivered on its main objectives to protect jobs and workers.
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Publications
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