Brussels Daily
09 Nov 2015


Brussels Daily


Preparation of Economic and Finance Ministers Council (ECOFIN)

On 10 November in Brussels, Vice-President Dombrovskis, Commissioner Moscovici and Commissioner Hill will participate in the EU’s Council of Economic and Finance Ministers, which will be followed by a press conference, transmitted by EbS. Ministers are due to adopt conclusions on the Capital Markets Union Action Plan that the Commission presented on 30 September. The EU and its Member States have committed to scaling up the mobilisation of climate finance ahead of the COP21 which will be held in Paris in December. The Council is expected to adopt conclusions on how Member States can contribute their share of the developed countries’ goal to jointly mobilise USD 100 billion per year by 2020. Furthermore, the Council is expected to have a first exchange of views on the European Commission’s package of measures to begin implementing the ambitious plan to deepen Europe’s Economic and Monetary Union, following the Report of the Five Presidents, published in June During the meeting, Ministers will also take stock of the implementation of the Banking Union. The Commission will reiterate its call on Member States to live up to their commitments in order to fully implement the regulatory framework. Discussions on bridge financing for the Single Resolution Fund will also rank high on the meeting agenda, while Ministers are also due to agree on the Commission’s March proposal to repeal the EU’s directive on the taxation of savings income. Finally, Ministers will be updated on the October G20 meetings in Lima. Vice-President Dombrovskis will also participate in the Ministerial dialogue with the EFTA (European Free Trade Association) countries, which will precede the ECOFIN meeting.

Commissioners Moedas and Hogan to call for more investments into the bioeconomy

Today, Commissioners Carlos Moedas, responsible for Research, Science and Innovation and Phil Hogan, responsible for Agriculture delivered keynote speeches at the Bioeconomy Forum in Brussels which addresses the need to strengthen the transition from a fossil-based to a bio-based economy in Europe. They have highlighted the Commission’s already leading global role in sustainably managing and exploiting our biological resources but pointed out that moving forward requires mobilising further investments. First and foremost, this means strengthening Europe’s research and innovation capacity and increase public private investments like those already supported through the Biobased Industries Joint Undertaking and other projects funded by Horizon 2020. Further funding opportunities to invest into the bioeconomy are also available through the European Fund for Strategic Investments and the Capital Markets Union. The Commissioners have also stressed their commitment to work across policy areas both to ensure the conditions to stimulate such investments and work closely with Member States and other relevant organisations to develop national Bioeconomy Strategies. Click here for more information and webstreaming of the event.


  • European Commission to strengthen cooperation on migration and economic development with African partners at Valletta Summit
  • Vice-President Šefčovič in Denmark for Energy Union Tour and the first EU Energy Infrastructure Forum
  • Ahead of the Justice and Home Affairs Council
  • Commissioner Navracsics to speak of “Union of Shared Values” at the Jean Monnet conference
BXL DAILY NEWS FINAL   Read today’s edition in full:  Daily News 09 – 11 – 2015


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