Views: 37As the so-called EU’s “energy island”, the Eastern-Baltic region consists of three EU member states; it is now being connected to other EU states through recently established electricity lines in Poland (LitPol Link), Sweden (NordBalt) and Finland (Estlink 1 and Estlink 2), all built with the EU support. For historical reasons, the Baltic States’ […]
European climate-neutral industry: new requirements for the member states’ governance
Views: 83In the recently announced targets for reaching carbon neutrality by the mid-century, most developed countries (representing about 80 percent of the global economy), revealed a comprehensive set of new political economy’s instruments, often called “green industrial strategy”, to trigger the necessary mechanisms within both the zero-carbon energy sources and production across all development sectors. […]
The EU’s vision for a modernized political economy: Porto Declaration-2021
Views: 46European 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, […]
Carbon border adjustment mechanism: assisting European business
Views: 59In 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 […]
European economic recovery: attention to financial issues
Views: 61European 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 […]
“Blue economy”: new trends in national growth and business
Views: 132Blue 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 […]
European industrial policy: effects for the member states
Views: 56In 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 […]
EU’s recovery fund to assist the member states: implementing problems
Views: 114The 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 […]
Increasing single market’s efficiency: assisting member states recovery
Views: 300Present 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 […]
European support for SMEs in Estonia and Lithuania
Views: 139Additional 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 […]