EUROPEAN COMMISSION DAILY NEWS – 23 APRIL

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EUROPEAN COMMISSION DAILY NEWS - 23 APRIL
23 Apr 2015

EUROPEAN COMMISSION DAILY NEWS – 23 APRIL

Brussels Daily

State aid: Commission authorises Portuguese demonstration scheme for ocean energy technologies

The European Commission has found a Portuguese scheme aimed at promoting renewable energy technologies to be in line with EU state aid rules. The scheme will support demonstration projects producing renewable energy from the ocean (wave energy, tidal energy) and innovative offshore wind technologies. The Commission concluded in particular that the project would further EU energy and environmental objectives without unduly distorting competition in the Single Market. Commissioner Margrethe Vestager, in charge of competition policy, said: “The development of new renewable technologies is crucial to help Europe meet its environmental commitments. Today’s approved scheme is an important step for bringing new technologies to the market.” The press release is available online in here.

EUROSTAT: Fourth quarter of 2014 seasonally adjusted government deficit up to 2.4% of GDP in the euro area, deficit down to 2.6% of GDP in the EU28

In the fourth quarter of 2014, the seasonally adjusted general government deficit to GDP ratio stood at 2.4% in the euro area (EA19), an increase compared with 2.2% in the third quarter of 2014. In the EU28, the deficit to GDP ratio stood at 2.6%, a decrease compared with 2.8% in the previous quarter. Read the EUROSTAT press release.

Read full edition: Daily News 23 – 04 – 2015

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