19 Jun 2015
EUROPEAN COMMISSION DAILY NEWS – 19 JUNEBrussels Daily
EUROSTAT: Price levels varied by almost one to three across the EU Member States
In 2014, price levels for consumer goods and services differed widely in the European Union (EU): Poland was cheapest both for food and consumer electronics, while alcohol & tobacco as well as restaurants & hotels were the least expensive in Bulgaria. Prices for clothing were lowest in Hungary, while the Czech Republic was least expensive for both consumer electronics and personal transport equipment such as cars. Overall, price levels ranged from 48% of the EU average in Bulgaria to 138% in Denmark. A press release can be found here.
EU Finance Ministers endorse the agreement of the Regulation for a European Fund for Strategic Investments (EFSI)
On Friday at the ECOFIN Council in Luxembourg, EU Finance Ministers endorsed the agreement for a Regulation on the European Fund for Strategic Investments (EFSI) which is at the heart of the Commission’s €315 billion Investment Plan for Europe. Negotiations on the Regulation were successfully concluded on 28 May just four and a half months after the Commission adopted the legislative proposal on 13 January. The European Parliament is due to vote in plenary on the Regulation on 24 June which, once approved, will allow the EFSI to be operational by September as planned. Vice-President Katainen said: “The EFSI Regulation was negotiated in record time which shows that the EU is capable of acting swiftly and decisively when it needs to. Now the real work starts: implementing the Investment Plan on the ground and getting financing to those projects to get Europe back on the right track of economic growth”. Also on Friday, the European Investment Bank (EIB) – the Commission’s strategic partner in the Investment Plan – announced another project to receive pre-financing: supporting research and development in biotechnology in Spain for use in sectors such as water treatment and solar energy. This project will help boost competitiveness and increase long-term employment. The decision is in line with the European Council conclusions of December 2014, which invited the EIB Group to “start activities by using its own funds as of January 2015”.
Read today’s edition in full: Daily News 19 – 06 – 2015