EU Cohesion Policy: Inauguration of the renovated metro line in Budapest

The renovated M3 or ‘blue’ metro line in Budapest, Hungary, was inaugurated and opened to passengers. The renovation of this line – whose 17,4 km make it the longest in the city – and of 20 metro stations started in November 2017 and benefitted from €453 million Cohesion Policy funding from the 2014-2020 programming period, out of a total […]

2023 State of Schengen: achievements and key priorities ahead

Today, the Commission is presenting the second State of Schengen Report. This report is part of the Commission’s initiative to further reinforce the Schengen governance through a yearly reporting exercise presenting the state of Schengen, identifying challenges and best practices, as well as priority areas for action. The State of Schengen Report will serve as basis for […]

ECB publishes supervisory banking statistics on less significant institutions

First release of aggregated supervisory statistics on less significant institutions, complementing and mirroring existing statistics on significant institutions New statistics cover key indicators on capital, profitability, liquidity and asset quality Time series of data to start from second quarter of 2020, with quarterly updates

Euro area bank interest rate statistics: March 2023

Composite cost-of-borrowing indicator for new loans to corporations increased by 37 basis points to 4.22%; indicator for new loans to households for house purchase increased by 13 basis points to 3.37%; both driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by 26 basis points to 2.57%; interest rate for overnight deposits from corporations increased by […]

Russia’s actions amount to ecocide, prompting calls for criminalisation under EU law

While the war in Ukraine is dragging on, concerns are mounting about the transboundary environmental damage it has caused. The European Economic and Social Committee (EESC) adopted an own-initiative opinion at its April plenary on the right to a healthy environment in the European Union especially in the context of the war in Ukraine calling for criminalisation of […]

Monetary developments in the euro area: March 2023

Annual growth rate of broad monetary aggregate M3 decreased to 2.5% in March 2023 from 2.9% in February Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -4.2% in March, compared with -2.7% in February Annual growth rate of adjusted loans to households decreased to 2.9% in March from 3.2% in February Annual […]