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Europe Daily Bulletin No. 13213

1 July 2023
Contents Publication in full By article 20 / 32
ECONOMY - FINANCE - BUSINESS / Economy
Inflation estimated at 5.5% in euro area in June
Brussels, 30/06/2023 (Agence Europe)

Euro area annual inflation is expected to be 5.5% in June 2023, down from 6.1% in May according to a flash estimate from Eurostat, the statistical office of the European Union, on Wednesday 30 June.

Price rises are expected to be lowest in Luxembourg (1.0%), Spain (1.6%) and Belgium (1.6%), and highest in Slovakia (11.3%), Estonia (9.0%) and Croatia (8.3%). They should rise by 5.3% in France, 6.7% in Italy and 6.8% in Germany.

Looking at the main components of inflation in the euro area,...

Contents

EUROPEAN COUNCIL
COMPETITIVENESS: economic security, European Council stresses need to maintain an open economy
CHINA: EU27 adopt a common approach to defining their economic and diplomatic relationship with China
MIGRATION: European Council fails to adopt conclusions in absence of consensus on internal dimension of migration policy
SERBIA/KOSOVO: European leaders threaten to impose sanctions on Pristina
UKRAINE/RUSSIA: reconstruction of Ukraine, European Commission will present an initiative based on profits generated by Russian assets frozen in EU
TUNISIA: European Council welcomes work carried out on global partnership
INSTITUTIONAL
EU2023ES: Spain to set out “Europeanist” programme during its EU Council Presidency, says Pedro Sánchez
SECTORAL POLICIES
COMPETITIVENESS: EU Council adopts position on critical raw materials act
ENERGY: EU Council still unable to reach agreement on electricity market reform
CLIMATE/ENERGY: only three countries have submitted their national energy and climate plans on time
PLANTS: European Commission to propose modernising EU seed legislation
AGRICULTURE: Council/Parliament political agreement on text relating to Farm Sustainability Data Network
SEA: €106 million in EU funding for 18 new projects to protect and clean up oceans
HEALTH: creation of a European network of vaccine manufacturers to step up health crisis preparedness
TRANSPORT: interinstitutional negotiations on development of trans-European transport network are at a standstill
JUSTICE: European Parliament and EU Council reach provisional agreement on digitalising cross-border judicial cooperation
RESEARCH: Swedish Presidency of EU Council wants to strengthen impact of R&I in European democratic processes
DIGITAL: European Commission adopts new indicators to monitor Member States’ progress in digital transformation
ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: agreement on facilitating national authorities’ access to centralised retail bank account registries
ECONOMY: inflation estimated at 5.5% in euro area in June
ECONOMY: Czech Republic and Lithuania submit revised recovery plan
TAXATION: EU Member States’ VAT revenues up by 26% in 2022
SECURITY - DEFENCE
CSDP: EUNAVFOR MED Irini has inspected more than 10,000 ships since March 2020
EXTERNAL ACTION
ZIMBABWE: EU to observe presidential and parliamentary elections on 23 August
EDUCATION - YOUTH
YOUTH: future Spanish Presidency of EU Council in favour of “youth tests”
NEWS BRIEFS
COHESION: inauguration of one of Europe’s longest underwater tunnels financed by EU
SOUTH KOREA: EU renews anti-dumping duty on certain South Korean thermal paper
DEMOCRACY: meeting to launch discussions between EU institutions on European Ethics Body has been rescheduled for 7 July
ENERGY: system operators have not identified any problems with security of electricity supply for summer 2023
SPACE: European Commission strengthens its cooperation with Philippine Space Agency in area of satellite data
DIGITAL: Albania, Montenegro, North Macedonia, and Serbia will now be able to access Digital Europe Programme funds
RESEARCH: Mitiga Solutions, a climate technology company backed by EIT Digital, successfully raises €13.25 million in funding