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Image header Agence Europe
Europe Daily Bulletin No. 13409
Contents Publication in full By article 8 / 39
Russian invasion of Ukraine / Economy

Ukraine Facility, EU Council adopts Ukraine reform and investment programme

On Tuesday 14 May, the Ecofin Council formally adopted the reform and investment programme that Ukraine submitted to the European Union as part of the Ukraine Facility, the European Union’s instrument for providing macrofinancial assistance of €50 billion to Ukraine until 2027 (see EUROPE B13407A3).

This programme sets out a series of investments and reforms with a timetable that the Ukrainian authorities will have to implement in order to receive instalments of financial aid from the...

Contents

ECONOMY - FINANCE - BUSINESS
TAXATION: EU Council adopts new rules for withholding tax procedures
TAXATION: Estonia maintains veto in EU Council on VAT for digital platforms
FINANCE: EU countries draw up a programme to follow up proposals to further integrate capital markets
BANKS: SRB unveils new policy on ‘MREL’ assets to be mobilised in event of bank resolution
EMU: ECB welcomes aim of a Bulgarian draft law to prepare for adoption of euro, but makes a number of recommendations
MONEY LAUNDERING: heads of FATF, Interpol and UNODC call for urgent action to target profits from organised crime
STATE AID: European Commission gives green light to Spanish measure worth €1.1 billion to support energy transition
Russian invasion of Ukraine
ECONOMY: Ukraine Facility, EU Council adopts Ukraine reform and investment programme
EDUCATION - YOUTH - CULTURE - SPORT
CULTURE: European ministers seek to balance AI’s potential with safeguarding artistic creativity
SPORT: European ministers want to boost volunteering, essential for social cohesion and inclusion
SECTORAL POLICIES
ENVIRONMENT: eleven Member States call on EU Council to approve Nature Restoration Law in extremis
AGRICULTURE: Member States attempt to agree on ways forward for EU agriculture
DIGITAL: Bosnia-Herzegovina joins programme for a digital EU
COHESION: ministers from 11 EU countries call for robust and flexible cohesion policy after 2027
REGIONS: European Committee of Regions and European Parliament strengthen cooperation for an EU “at the service of all citizens”
MIGRATION: EU Council definitively approves European reform of asylum and migration policies
ENERGY: Maroš Šefčovič announces mobilisation of €400 million from Team Europe to support ‘clean cooking’ in Africa
ENERGY: six associations call on European Commission to rethink design of Innovation Fund to promote renewable technologies
ENERGY: several NGOs are drawing up recommendations for spatial planning and designation of acceleration areas for renewable energies
EXTERNAL ACTION
IRAN: EU extends sanctions to cover transfer of Iranian missiles and drones to Russia and armed groups in Middle East
ENLARGEMENT: Olivér Várhelyi believes that next Commission should be an Enlargement Commission
FOREIGN AFFAIRS/DEFENCE: Europe has to increase its strategic responsibility, warns Josep Borrell
SUDAN: Josep Borrell and Janez Lenarčič condemn attacks on town of El Fasher in Darfur
SECURITY - DEFENCE
CSDP: EU extends EUTM Mozambique’s mandate and adapts mission’s strategic objectives
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: MEPs demand European Commission take further action to regulate dangerous workplace substances
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: in run-up to European elections, Corporate Europe Observatory warns of influence of ultra-conservative American foundations
INSTITUTIONAL
EU INSTITUTIONS: protest at Commission and European Parliament after European flag was banned from Eurovision Song Contest
COUNCIL OF EUROPE
ECHR: Slovenia’s Marko Bošnjak elected new President of European Court of Human Rights
RULE OF LAW: Commissioner for Human Rights warns Slovak Parliament about two draft laws
NEWS BRIEFS
CULTURE: 16 films supported by European Union compete at Cannes Festival
ECONOMY: upcoming revision of administrative procedures for implementing EU countries’ recovery plans
ENERGY: ACER reports 361 cases of potential REMIT violations under review at end of first quarter of 2024
ENERGY: in 2022, electricity and natural gas accounted for two-thirds of final energy consumption in EU’s industrial sector, according to Eurostat
TAXATION: European Commission consults on administrative cooperation
CIVIL PROTECTION: EU steps up forest fire preparedness as summer approaches
CSDP: EU extends EUAM Ukraine mission until 31 May 2027
RESEARCH: 28 start-ups to receive support under ‘Catalyst’, EIT’s accelerator programme linked to New European Bauhaus
TUNISIA: EU concerned about arrests of several civil society and political figures
VENEZUELA: EU removes four people from list of Maduro regime dignitaries targeted by European sanctions