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The Commission welcomes the political agreement reached yesterday between the European Parliament and the Council of the European Union on the Regulation on establishing the instrument for the reinforcement of the European defence industry through common procurement with a budget of €300 million.

The European Commission has been working closely with the European Central Bank  over the past few years to jointly review at technical level a broad range of policy, legal and technical questions on the digital euro.

Under EU passenger rights, airlines cancelling a flight are required to refund tickets within seven days once the passenger has opted to have the flight reimbursed. However, airline tickets can also be bought through an intermediary (an ‘online travel agency').

The new rules will provide national authorities with a reliable channel to obtain e-evidence, while establishing strong safeguards to ensure a high level of protection of the rights of the persons affected.

The plan is now worth €328 million in grants (up from €316.4 million) and covers 31 reforms and 16 investments.

Commissioner Schmit was in Malta to discuss the country’s social policy achievements with government ministers, MPs and social partners and to visit ESF-funded social projects, which help children to thrive in their education.

This package will ensure that EU sanctions against Russia are even better enforced and implemented, based on the lessons learned from implementation over the past year.

In 2020, the EU agreed its 2021-2027 long-term budget. Together with the NextGenerationEU recovery instrument, it amounts to €2.018 trillion in current prices, making up the largest stimulus package ever financed by the EU.

The proposed strategy sets out a common framework for achieving economic security by promoting the EU's economic base and competitiveness; protecting against risks; and partnering with the broadest possible range of countries to address shared concerns and interests.