Photo by Omid Armin on Unsplash The European Commission has agreed to pay a sixth tranche of €1.5 billion under the macro financial assistance Plus package for Ukraine worth up to €18 billion. With this instrument, the EU says it seeks to help Ukraine cover its immediate funding needs, with “stable, predictable and sizeable” financial support in 2023. With the latest payment, Ukraine has received…
Economy
EU-Tunisia Agreement
Photo by Ryan Spencer on Unsplash The EU and Tunisia have signed what both sides call a “comprehensive” new agreement. It was penned by the President of the European Commission Ursula von der Leyen, the Italian Prime Minister Giorgia Meloni and the Dutch Prime Minister Mark Rutte, alongside the President of Tunisia, Kaïs Saied. They have agreed to…
European Strategy for Older Persons
Photo by Isaac Quesada on Unsplash The EU Commission has been urged to present a new strategy for older persons before the end of its current mandate The European Economic and Social Committee (EESC) called on the European Commission and the Member States to develop a new European Strategy for Older Persons in a plenary debate with Commission Vice…
The Blame Game
Photo by Stock Birken on Unsplash The Organisation for Economic Co-operation and Development (OECD) has just reported that the UK is the only G7 country where inflation has been rising, and one of the three worst amongst the 38-country OECD membership. The question is: why? The UK Office for National Statistics blames three factors: Russia’s invasion of…
The Pursuit of Happiness
Photo by Lucas Marcomini on Unsplash For the past ten years, the Sustainable Development Solutions Network has published an annual list of the happiest countries in the world. People in 149 countries were asked to rate their own happiness: criteria included social support, personal freedom, gross domestic product and levels of corruption. Sponsored by the UN it is…
Financial Assistance for Ukraine
Photo by Markus Spiske on Unsplash On 22 June the Commission paid €1.5 billion under the “Macro financial Assistance” package for Ukraine, worth up to €18 billion in total. With this instrument, the EU says it seeks to help Ukraine cover its immediate funding needs, with stable, predictable and sizeable financial support in 2023. This support will help Ukraine to continue paying wages and pensions, and keep essential…
Adjusting EU’s Economy to Withstand Shocks
Photo by Christian Lue on Unsplash The EU’s economic system needs structural change and must be adjusted to become more resistant to future external shocks, says the European Economic and Social Committee (EESC). The Brussels based organisation is now recommending establishing a “Green triple-T” criterion to assess future interventions in the EU’s economic system, so that adopted measures are…
Massive Expansion of Renewable Energies
Photo by Jan Kopřiva on Unsplash Member states have given the green light for a “massive expansion” of renewable energies.After months of blocking, the Council decided to tighten the EU Renewable Energy Directive. Campaigners have greeted the news saying “an investment boom across the EU will be the result.” German Greens MEP Sven Giegold says the revised EU…
Socio-Economic Aspects of Uzbekistan’s Constitutional Reform
Photo by Dmitriy Efimov on Unsplash According to the updated Constitution, “Uzbekistan is a sovereign, democratic, rule-of-law, social and secular state with a republican form of government.” For the first time in the history of our country, it is fixed in the Constitution that Uzbekistan is a social state, writes Obid Khakimov. A social state is a model…
Sanctions will weaken Russia‘s War Machine
Photo by Imad Alassiry on Unsplash Sanctions against the Russian military-industrial complex and a ban on imports of Russian raw materials will weaken Putin’s war machine Russian defence companies not hit by sanctions are importing goods from EU countries for the war against Ukraine. Among these purchases are rifles and body armour for soldiers, machine tools for missiles, and microchips…