Turkey declared seven days of national mourning after the earthquakes, more than 1,600 dead

According to the data of the Turkish Disaster Management, at 4:17 local time, an earthquake with a magnitude of 7.4 occurred in the Pazarcik district of Kahramanmaras province in southern Turkey, which was followed by a 6.4 earthquake in the Nurdagi district of Gaziantep province in southeastern Turkey at 4:26 a.m. , followed by a […]

EU-India: new Trade and Technology Council to lead on digital transformation, green technologies and trade

Today, the EU and India have strengthened their relationship as strategic partners by setting up a new Trade and Technology Council (TTC). The new TTC will deepen strategic engagement on trade and technology between both partners. This follows the announcement by President of the European Commission Ursula von der Leyen and Prime Minister of India, Narendra Modi, on 25 […]

West and Central Africa: EU allocates €181.5 million for humanitarian aid in 2023

The EU has allocated €181.5 million this year for humanitarian aid in West and Central Africa, as this region continues to face protracted crises driven by conflict and worsened by other factors such as climate change and the global spike in food prices. New allocations have been announced for Burkina Faso (€25.5 million), Mali (€26 million), Mauritania (€6.5 million) and Central African […]

Ukraine: College of Commissioners travels to Kyiv to boost EU support and sectorial cooperation with Ukraine

The President of the European Commission, Ursula von der Leyen, travelled to Kyiv today, accompanied by 15 Commissioners, for the first ever meeting between the College and the Ukrainian Government. The meeting takes place back to back with the EU-Ukraine summit, the first since the start of Russia’s war of aggression against Ukraine and the granting […]

ECB decides on detailed modalities for reducing asset purchase programme holdings

ECB details modalities to reduce Eurosystem’s holdings of securities under the asset purchase programme through partial reinvestment, broadly in line with current practice under full reinvestment Governing Council decided on stronger tilting of corporate bond purchases during partial reinvestment, including in primary market, towards issuers with better climate performance

Euro area bank interest rate statistics: December 2022

Composite cost-of-borrowing indicator for new loans to corporations increased by 30 basis points to 3.41%, driven by interest rate effect; indicator for new loans to households for house purchase increased by 5 basis points to 2.94%, driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by 31 basis points to 1.83%, driven by […]