The European Court of Justice's ruling of 6 October on the Schrems case confirmed the Commission's approach to review the Safe Harbour arrangement with the US so that it ensures a higher level of data protection. The Commission has stepped up talks with US authorities on a new framework and issued today guidance to help companies comply with the ruling and rely on alternative transfer tools. Vice-President Andrus Ansip, responsible for the Digital Single Market, said: "We need an agreement with our...

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The Commission is launching the second call for proposals of the Connecting Europe Facility, with more than €7.6 billion of investment to finance transport projects. €6.5 billion are earmarked for countries with Cohesion Fund eligibility. As team Juncker enters its second year in office, today the European Commission is taking further action to stimulate investment in Europe by launching the second call for proposals of the Connecting Europe Facility (CEF) endowed with more than €7.6 billion to finance key transport projects. €6.5 billion are...

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Today, Commissioner Pierre Moscovici has presented the 2015 Autumn Economic Forecast of the European Commission. The economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy. Against a backdrop of declining oil prices and a relatively weak external value of the euro, the economic recovery this year has been resilient and widespread across Member States. It has, however,...

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European Commission President Jean-Claude Juncker and European Council President Donald Tusk, who are representing the European Union at the G20 summit in Antalya (Turkey) from 15 to 16 November 2015, have set out the EU's agenda in a joint letter sent to EU Heads of State or Government. Commissioner Pierre Moscovici, responsible for Economic and Financial Affairs, Taxation and Customs will accompany the two Presidents to the G20. High Representative for Foreign Affairs and Security Policy/Vice-President Federica Mogherini will also be present in...

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The European Investment Bank (EIB) signed today EUR 285 million of loans to support various energy projects in Greece, improving the electricity transmission and interconnection network across the country, while at the same time bolstering environmental-friendly energy security and efficiency. In the presence of EIB President Werner Hoyer, four finance agreements were signed today in Athens in a public ceremony by the EIB Vice-President responsible for Greece,Jonathan Taylor, Chairman and Chief Executive Officer of the Public Power Corporation S.A. Emmanuel Panagiotakis, Chief Executive Officer of the GreekIndependent Power Transmission...

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