EUROPEAN COMMISSION DIALY NEWS – 15 JULY

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EUROPEAN COMMISSION DIALY NEWS - 15 JULY
15 Jul 2016

EUROPEAN COMMISSION DIALY NEWS – 15 JULY

Brussels Daily

MAIL NEWS

 

EUROSTAT: May 2016 – Euro area international trade in goods surplus €24.6 bn – €6.4 bn surplus for EU28

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2016 was €167.4 billion, an increase of 2% compared with May 2015 (€164.3 bn). Imports from the rest of the world stood at €142.8 bn, a fall of 2% compared with May 2015 (€146.0 bn). As a result, the euro area recorded a €24.6 bn surplus in trade in goods with the rest of the world in May 2016, compared with +€18.3 bn in May 2015. Intra-euro area trade rose to €139.4 bn in May 2016, up by 1% compared with May 2015. Full text available on EUROSTAT website 

Energy: EU invests €263 million in energy infrastructure

Today EU Member States agreed on the European Commission’s proposal to invest €263 million in key European energy infrastructure projects. The lion’s share of the investment will support the building of gas infrastructure in the Baltic Sea region as well as supporting the electricity sector across Europe. Nine projects were selected following a call for proposals under the EU funding support programme the Connecting Europe Facility (CEF). The selected priority projects aim to increase energy security, connect the isolated EU Member States to the wider European grid and contribute to the Energy Union objectives of affordable, secure and sustainable energy.The European Commissioner for Climate Action and Energy Miguel Arias Cañete said: “Well-connected energy infrastructure is essential to achieving the Energy Union. This EU support will help fill existing gaps in energy infrastructure, putting us on the path to a truly connected European energy market. This is necessary to strengthen the security of energy supply and a more efficient use of the energy resources and integration of renewables into the grid.” With a total of €800 million available for grants under Connecting Europe Facility – Energy in 2016, the second 2016 call for proposals with an indicative budget of €600 million is currently ongoing and will close on 8 November. Under the Connecting Europe Facility, a total of €5.35 billion was allocated to trans-European energy infrastructure for the period of 2014-2020. Read entire press release in here

NEWS IN FULL

BXL FRIDAY   Daily News 15 – 07 – 2016

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