The Commission announces a multi-annual program of up to 1.6 billion euros for the recovery and resilience of the Palestinian Authority
Today, during the first high-level political dialogue between the European Union and the Palestinian Authority, the Commission proposes a comprehensive multi-annual support program of up to 1.6 billion euros to promote the recovery and resilience of the Palestinians.
With this program, the EU reaffirms its unwavering support for the Palestinian people and its commitment to a lasting peace based on the two-state solution.
The program covers the period from 2025 to 2027 and is structured around three pillars: 1) support for services for the Palestinian people; 2) support for the recovery and stabilization of the West Bank and Gaza; 3) support for the private sector.
Additionally, the Commission will launch a dedicated donor platform for Palestine. This platform will allow the Palestinian Authority to present the implementation of its reform program and ensure complete transparency in the programs implementation.
A press release with more information is available online.
(For more information: Guillaume Mercier – Tel.: +32 229 80564; Gioia Franchellucci – Tel.: +32 2 296 80 41)
The EU strengthens its humanitarian aid to the Horn of Africa and West and Central Africa
Populations affected by humanitarian crises in the Greater Horn of Africa and in West and Central Africa will receive 258 million euros of humanitarian aid from the Commission to meet their urgent needs.
In the Horn of Africa, 107.5 million euros will be used to assist the most vulnerable populations in the region, affected by conflicts and natural disasters, facing forced displacements, food and nutritional insecurity, and limited access to basic services.
In West and Central Africa, 150.6 million euros will support the humanitarian response in countries directly affected by insecurity and ongoing conflicts. The funds will be used for food aid, livelihoods, nutrition, healthcare, water, hygiene, and education.
More information is available in our press release.
(For more information: Eva Hrnčířová – Tel.: +32 2 298 84 33; Daniel Puglisi – Tel.: +32 2 296 91 40)
Commission welcomes Council endorsement of first simplification omnibus push on sustainability
Member States today endorsed the Commissions proposal to delay the application of upcoming sustainability reporting and due diligence requirements. This decision delivers swift legal certainty for companies and prevents unnecessary compliance efforts.
The measure adopted today will postpone to 2028 the Corporate Sustainability Reporting Directive requirements for large companies that have not yet started reporting, as well as listed SMEs.
President von der Leyen has initiated a new political drive to simplify EU rules and boost competitiveness, while maintaining ambitious climate and social goals.
(For more information: Arianna Podesta - Tel.: +32 2 298 70 24; Quentin Cortès – Tel.: +32 2 291 32 83)
Commission clears acquisition of YNAP by Mytheresa
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of YOOX Net-A-Porter Group S.p.A. (YNAP) of Italy, by MYT Netherlands Parent B.V. (Mytheresa) of Germany.
The transaction primarily concerns the market for online retail supply of personal luxury goods.
The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active.
More information is available on the Commissions competition website, in the public case register under the case number M.11793.
(For more information: Lea Zuber – Tel.: +32 2 295 62 98; Sara Simonini - Tel.: +32 2 298 33 67)
Commission clears acquisition of PCP by M&G
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of P Capital Partners AB (PCP) of Sweden, by M&G FA Limited (M&G) of the UK.
The transaction relates primarily to the provision of private credit through alternative investment funds.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies limited combined market position resulting from the proposed transaction.
More information is available on the Commissions competition website, in the public case register under the case number M.11912.
(For more information: Lea Zuber – Tel.: +32 2 295 62 98; Sara Simonini - Tel.: +32 2 298 33 67)
ANNOUNCEMENTS
Vice-President Virkkunen visits semiconductor equipment manufacturer ASML
Vice-President Henna Virkkunen visits ASML in the Netherlands to discuss the European semiconductor ecosystem, the upcoming revision of the chip law, and highlight the EUs partnership with one of its leading technology companies.
She will meet the companys president and CEO, the executive vice president and CFO, as well as the executive vice president for global public affairs and the general manager of ASML Netherlands.
In the context of the AI continent action plan, ensuring national supply of semiconductors is essential.
Advanced microchips are key components of AI systems. The Commission strives to make the EU an attractive environment for investments and to create an advanced regulatory framework through the European chip law.
(For more information: Thomas Regnier - +32 2 299 10 99; Patricia Poropat - +32 2 298 04 85)
Agenda items of upcoming Commission meetings
Note: this information is subject to change.
Upcoming events of the European Commission
Eurostat: press releases