Number of counterfeit euro banknotes remains low in 2022

376,000 counterfeit euro banknotes withdrawn from circulation in 2022, second-lowest level ever in proportion to total banknotes in circulation Around two-thirds of withdrawn counterfeits were €20 and €50 banknotes Euro banknotes remain trusted and safe means of payment Authenticity of euro banknotes verified using “feel, look and tilt” method

Global Gateway: EU partners with South Africa to invest €280 million in its Just and Green Recovery

As Team Europe, the EU and its Member States will invest more than €280 million in grants in South Africa, including €87.75 million from the EU budget, to support policy reforms on green recovery, unlock green investments and build a knowledge-based transition in the framework of the Just and Green Recovery Team Europe Initiative for […]

Consumer protection: manipulative online practices found on 148 out of 399 online shops screened

Today, the European Commission and national consumer protection authorities of 23 Member States, Norway and Iceland (CPC Network), released the results of a screening (“sweep”) of retail websites. This check covered 399 online shops of retail traders selling products ranging from textiles to electronic goods. It also focused on three specific types of manipulative practices […]

Monetary developments in the euro area: December 2022

Annual growth rate of broad monetary aggregate M3 decreased to 4.1% in December 2022 from 4.8% in November Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 0.6% in December from 2.4% in November Annual growth rate of adjusted loans to households decreased to 3.8% in December from 4.1% in November Annual […]

Euro area economic and financial developments by institutional sector: third quarter of 2022

Euro area net saving decreased to €678 billion in four quarters up to third quarter of 2022, compared with €731 billion one quarter earlier Household debt-to-income ratio declined to 94.7% in third quarter of 2022 from 96.0% one year earlier Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 77.6% in third quarter of 2022 from 79.4% one year earlier Total euro […]

NEWS Markets for many commonly recycled materials struggle in the EU

Europe’s ambitions for a circular economy require the timely provision of good-quality recycled raw materials to manufacturers. However, according to a European Environment Agency (EEA) assessment published today, from the eight most common recyclables, only aluminium, paper and glass have well-functioning secondary markets. Lack of standardisation and competition with new materials are among the challenges […]