The EU’s vision for a modernized political economy: Porto Declaration-2021

European unity and solidarity is at the heart of a EU’s regional distinctive “social market economy’s” model with a social cohesion and a drive for prosperity. Accelerated transition in green and digital growth, supported by a massive European investment and associated reforms, will firmly put the member states on the path towards a fair, sustainable […]

Carbon border adjustment mechanism: assisting European business

In the Commission’s communication to the member states concerning the “European Green Deal” (December 2019), in which among numerous aspects in reaching the “deal”, the carbon border adjustment mechanism, CBAM for selected economic-industrial sectors has been revealed. The EU has increased efforts to make a climate-neutral continent by 2050, which could however be undermined by […]

European economic recovery: attention to financial issues

European Commission, together with other Union’s institutions, monitor correct and prevent problematic socio-economic trends in the member states’ development. This task becomes even more important in the process of states’ recovery and resilience plans in the post-pandemic period with important financial aspects involved. The EU-27 are anxious to receive the pre-financing as fast as possible; […]

“Blue economy”: new trends in national growth and business

Blue economy comprises economic activities connected to oceans, seas and/or coastal areas. It gives work to about 5 million people in the EU member states in such sectors as fishing, shipping, ports, shipyards and tourism. Seas and oceans are not only a vital part of the blue economy: they also produce half of the global […]

European industrial policy: effects for the member states

In March 2020, the EU launched a European industrial strategy, a continental national economies’ transitional plan towards green and digital perspectives in development. After a year of deliberation, the Commission proposed a regulation which reflects to main efforts: a) a continued openness to trade and investment as a source of national strength in growth and […]

EU’s recovery fund to assist the member states: implementing problems

The EU states are expecting first payments this summer to start post-pandemic investments; it was about a year after the EU-28 leaders agreed on issuing €750 billion in joint debt to reboot their pandemic-ravaged economies. Beyond the urgency for the states to get the EU funding, the success of the national recovery and resilience process […]

Increasing single market’s efficiency: assisting member states recovery

Present pandemic has underlined the importance of core values in the European integration, including a backbone of the European economy, i.e. its single market. Member states resilient growth depends on modern and flexible political economy’s concept: main supporting EU’s instruments have just been adopted by the EU co-legislators in a “single market programme” worth €4.2 […]

European support for SMEs in Estonia and Lithuania

Additional financial support is being available for micro-enterprises in Estonia and Lithuania that are facing some economic fallout due to present post-pandemic crisis. A new transaction between the European Investment Fund (EIF) and financial intermediary Finora Capital is expected to support at least 100 micro borrowers in these two countries. The long-term working capital loans […]

The EU states are determined to formulate their recovery and resilience plans (RRPs)

National recovery and resilience plans (RRPs) are and will be implemented with the sufficient EU’s financial support through the European Recovery and Resilience Facility. The latter is a key instrument in the “NextGenerationEU” program, which is the European plan towards states’ stronger socio-economic recovery in the post-pandemic period. National RRPs should be duly reasoned and […]

Innovations for the European corporate future: EU’s additional support

Due to negative pandemic effect on trade and growth, corporate activities in the EU member states lack adequate financial support. Here comes the EU’s assistance through the European Innovation Council, EIC is a one-stop-shop for innovators. Launched this March 2021 and a budget of over €10 billion for 2021-27, it provides support from the early-stage scientific […]