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Image header Agence Europe
Europe Daily Bulletin No. 13690
Contents Publication in full By article 16 / 31
ECONOMY - FINANCE - BUSINESS / Economy

Macro-economic conditionality procedure is initiated against Romania

The European Commission has initiated the macro-economic conditionality procedure against Romania because of its deteriorating fiscal situation (see EUROPE B13676A23), in a letter sent on Monday 28 July to the Chairs of the European Parliament’s Committees on Economic and Monetary Affairs (ECON) and Regional Development (REGI).

At the beginning of July, the Council of the EU adopted the revised fiscal consolidation path for this Member State, which has been subject to an excessive deficit...

Contents

EXTERNAL ACTION
UNITED STATES: agreement reached between EU and Washington remains unclear on numerous matters
ISRAEL: European Commission proposes suspension of Israel’s participation in activities financed by European Innovation Council Accelerator
HUMANITARIAN AID: European Commission assesses effectiveness of “humanitarian pauses” introduced in Gaza
MIDDLE EAST: EU is working to create donors’ group for Palestine
DEVELOPMENT: European Parliament defended its ambitious position at United Nations High-Level Political Forum on Sustainable Development in New York
COUNCIL OF EUROPE
MIDDLE EAST: situation in Gaza “has long since surpassed our worst nightmares”, says Council of Europe rapporteur
SECTORAL POLICIES
HOME AFFAIRS: Danish Presidency of EU Council will reconvene working group on regulation on online child sexual abuse material on 12 September
DIGITAL: X updates its age verification system in EU and temporarily blocks access to certain content
ENERGY: ACER approves European methodology for assessing national electricity flexibility needs
ENERGY: European Network Action Plan - ACER and CEER provide guidance on electricity distribution planning
CLIMATE: ‘ETS’- need for a solid European framework clashes with diversity and flexibility of global carbon markets, according to LIFE COASE
CLIMATE: ETS - European Energy Exchange has published auction calendars for 2026 and adjusted version for 2025
FISHERIES: European Commission clarifies rules on catch certificates
TRANSPORT: European Commission authorises EU airports to use C3 scanners
COHESION: Tuscany Region criticises European Commission’s proposals on post-2027 cohesion
ECONOMY - FINANCE - BUSINESS
ECONOMY: macro-economic conditionality procedure is initiated against Romania
ECONOMY: Germany recommends seven-year budget programme to avoid excessive public deficit situation
FINANCE: European Securities and Markets Authority announces single cap on equity trading volumes from October 2025
COMPETITION: regional State aid - European Commission opens investigation into capacity extension at a Polish Volkswagen plant
NEWS BRIEFS
STATE AID: EU approves Swedish strategic reserve of €300 million for electricity supply
STATE AID: European Commission refuses Czech aid for insurance premiums for large agricultural businesses
TRADE: EU imposes anti-dumping tariff on epoxy resin from China, Taiwan and Thailand
COUNCIL OF EUROPE : North Macedonia must do more on Roma rights and environmental protection, says Human Rights Commissioner
CULTURE: Moldova due to participate in ‘Creative Europe’ from 1 January 2026
ECONOMY/DEFENCE: at least 20 EU countries expected to use ‘SAFE’ loans to increase national military spending
EDUCATION: 173 projects for international cooperation in higher education have been selected under 2025 Erasmus+ call for proposals
ACCOUNTING STANDARDS: EFRAG consults on draft comment letter on post-implementation review of ‘IFRS 16’
DRC: EU “outraged” by massacre of Catholic worshippers in Ituri
HEALTH: Europe’s pharmaceutical manufacturers concerned about uncertainty surrounding customs duties
SOCIAL: European trade unions call for action plan to protect jobs in EU following conclusion of trade agreement with Washington
TERRORISM: EU renews its list of autonomous sanctions against persons, groups and entities linked to terrorism