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Image header Agence Europe
Europe Daily Bulletin No. 13582
Contents Publication in full By article 27 / 35
NEWS BRIEFS / Economy

Hungary invited to reduce its excessive public deficit by 2026

18/02/2025 (Agence Europe) – On Tuesday 18 February, the Council of the European Union adopted a recommendation calling on Hungary to bring its excessive public deficit below 3% of GDP in 2026, compared with 5.4% in 2024. To achieve this, the Hungarian authorities will have to ensure that the nominal growth rate of net expenditure does not exceed 4.3% in 2025 and 4.0% in 2026, two objectives expressed in its medium-term fiscal-structural plan (see EUROPE B13579A25). See the EU Council's...

Contents

SECTORAL POLICIES
COMPETITIVENESS: Clean Industrial Deal, principle of European preference is gaining ground
ENERGY: European Commission determined to bring about structural reduction in energy prices in EU without tackling underlying causes
ENERGY: EU Council approves revision of Euratom safeguarding regulation
ENVIRONMENT: European Parliament Environment Committee adopts position on ‘one substance, one assessment’ package
AGRICULTURE: according to MEPs, review of wolf’s protection status is taking too long
AGRICULTURE: Thomas Waitz worries existence of “independent” CAP budget is not guaranteed in next MFF
DIGITAL: in European Parliament, right and left at loggerheads over appropriateness of artificial intelligence liability directive
CONSUMERS: MEPs hail Commission’s “Herculean efforts” to combat abuses of online commerce, but deplore their slowness
HOME AFFAIRS: EU Entry/Exit System, Commission and eu-LISA agency acknowledge that they underestimated complexity of project
HOME AFFAIRS: discussions continue within Member States pending European Commission’s proposals on return and safe third countries
HOME AFFAIRS: MEPs give green light to draft agreement between Canada and EU on air transferring passenger data
EXTERNAL ACTION
interview MOLDAVIA: in context of Russian interference, “it is essential that European support comes in a visible manner before parliamentary elections”, warns Mr Mureșan
UNITED STATES: Maroš Šefčovič in Washington to negotiate tariffs
Russian invasion of Ukraine
UKRAINE: after meeting with Keith Kellogg, António Costa and Ursula von der Leyen say they are ready to work with United States to ensure peace and security
ECONOMY - FINANCE - BUSINESS
ECONOMY: “no taboo” in discussing increased EU countries’ defence investment, says Andrzej Domański
EIB: “We are not a Ministry of Defence, we are a bank”, Robert de Groot reminds MEPs in face of criticism
FINANCE: European Commission wants to reduce regulatory burden “without compromising fundamental objectives” of EU policies
TAXATION: EU makes no changes to blacklist of non-cooperative jurisdictions for tax purposes
TAXATION: Valdis Dombrovskis gives assurances that EU remains committed to minimum corporate tax, despite fears to contrary of Márton Nagy
INSTITUTIONAL
BUDGET: “Negotiations will be difficult” on post-2027 multiannual financial framework, Piotr Serafin admits
BUDGET: Council adopts its guidelines on EU budget for 2026
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: Horizontal Equal Treatment Directive, Hadja Lahbib justifies withdrawal and calls on MEPs to put “pressure” on Member States
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION/YOUTH: to support Erasmus+ programmes and European Solidarity Corps, Glenn Micallef wants to obtain “most solid budget possible”
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: coordination of social security schemes – Polish Presidency of EU Council giving itself time to find best possible outcome
NEWS BRIEFS
STATE AID: European Commission approves Finnish State aid for businesses worth €2.3 billion
CULTURE: stories of European Heritage Days 2025 - call for entries open until 12 March
ECONOMY: Hungary invited to reduce its excessive public deficit by 2026
ECONOMY: EU Council approves revision of Belgian and Latvian post-Covid-19 recovery plans
ECONOMY: economic and budgetary policy recommendation for euro area makes competitiveness top priority
ENERGY: European Commission to rule on maintaining regulated electricity tariffs in France
ENERGY: ACER highlights obstacles to meeting demand in Poland
TAXATION: EU Council adopts new electronic value added tax exemption certificate to replace paper forms
TRANSPORT: European Commission unveils EU-funded technical support for African Road Safety Observatory
TRANSPORT/INDUSTRY: automotive, Henna Virkkunen hosts working group on sector's technological and digital transformation
ZIMBABWE: arms company Zimbabwe Defence Industries no longer affected by EU’s restrictive measures