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Europe Daily Bulletin No. 13036

6 October 2022
Contents Publication in full By article 24 / 35
ECONOMY - FINANCE - BUSINESS / Insurance
EIOPA calls for better value for money in distribution of credit protection insurance
Brussels, 05/10/2022 (Agence Europe)

The European Insurance and Occupational Pensions Authority (EIOPA) warned insurers and banks on Tuesday 4 October about consumer protection issues related to the sale of credit protection insurance products. It calls on these professionals to take action or face surveillance measures.

A thematic study on the functioning of the European market for these insurance products revealed a number of practices that could be detrimental to consumers, due to poor underwriting and sales practices and...

Contents

PRAGUE SUMMIT
FUTURE OF EUROPE: leaders from 44 European countries to meet to discuss future of continent at first ever European Political Community
ENERGY/ECONOMY: energy price rises, EU27 urged to clarify expectations of future European Commission proposals
UKRAINE: EU leaders will reiterate their support for Kyiv
Russian invasion of Ukraine
RUSSIA: EU Member States reach agreement on eighth sanctions package
EUROPEAN PARLIAMENT PLENARY
ECONOMY/ENERGY: Ursula von der Leyen calls for “common European funding” to speed up reduction of EU’s dependence on Russian hydrocarbons
ENERGY: European Parliament calls for a cap on price of gas imported via pipelines
HOME AFFAIRS: Schengen enlargement, European Parliament urges EU Council to admit Romania and Bulgaria
BIODIVERSITY: European Parliament calls on EU to champion elimination of illegal trafficking of wildlife by 2025 at CITES COP19
TRADE: MEPs want more details on revision of chapters on sustainable development in trade
CAUCASUS: Josep Borrell says EU is doing its utmost to resolve Armenia-Azerbaijan conflict
BURKINA FASO: MEPs deeply concerned about second coup and EU’s impotence in Sahel
COHESION: faced with depopulation of regions, Elisa Ferreira advocates for rebalancing growth
FUNDAMENTAL RIGHTS: policies for inclusion of Roma communities in Member States still insufficient, say MEPs
CUSTOMS: European Parliament gives approval to single window for customs
INSTITUTIONAL
BUDGET: European Commission proposes increasing humanitarian aid in 2022 and 2023
BUDGET/RULE OF LAW: EU Member States will vote on 12 October on two-month extension of deadline for deciding on sanctions against Hungary
EXTERNAL ACTION
TRADE: world merchandise trade forecasts for 2023 revised downwards
TRADE/CLIMATE: Carbon Border Adjustment Mechanism, international cooperation is needed, says Europe Jacques Delors
SECTORAL POLICIES
MIGRATION: solidarity and flexible responsibility, Czech EU Council Presidency’s approach welcomed with interest in European Parliament
AGRICULTURE: Russian invasion of Ukraine affects short-term outlook for EU agricultural markets
INTERNAL MARKET: European standardisation organisations, negotiations between European Parliament and EU Council are expected to start on 12 October
SPACE: EUSPA expected to have over 300 staff by end of 2023
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOCRACY: Czech Presidency of EU Council reviews Member States’ positions on sanctions in context of political advertising
ECONOMY - FINANCE - BUSINESS
INSURANCE: EIOPA calls for better value for money in distribution of credit protection insurance
STATE AID: semiconductors, €292.5 million Italian aid to STMicroelectronics approved
COUNCIL OF EUROPE
JUSTICE: budgets for judicial sector are increasing, but unevenly, in Council of Europe countries
NEWS BRIEFS
BOSNIA AND HERZEGOVINA: EU welcomes holding of parliamentary elections
EUROPEAN COMMISSION: new ‘One Health’ directorate within Directorate General for Health
NORTH KOREA: EU calls for UN Security Council response to North Korean missile launches
SPACE: European Space Agency launches Task Force for Innovation in Energy Through Space
FINANCE: ESMA recognises Shanghai and Dubai central counterparties
DIGITAL: 108 media, sport and cultural organisations call on European Commission to act against live content piracy
FISHERIES: Spain to take EU court action against trawling ban in 87 areas
RESEARCH: six sites selected by EuroHPC JU to host Europe’s first quantum computers
FOOD SAFETY: food contact materials, European Commission consults public before updating legislation