Latest news from EU institutions and bodies

The European Parliament’s spokesperson will hold a last-minute briefing on Parliament’s 16 - 19 July constitutive session at 9.00 on 16 July. Source : © European Union, 2024 - EP

The Council adopted an assistance measure worth €13 million under the EPF that will benefit the Albanian Armed Forces.

ESMA publishes 2023 data on cross-border investment activity of firms 15 July 2024 Investor protection The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, together with the National Competent Authorities (NCAs), completed an analysis of the cross-border provision of investment services during 2023. The data sets were collected from investment firms across 30 jurisdictions in the EU/EEA.  The main findings include: A total of around 386 firms provided services to retail clients on a cross-border basis in 2023; Approximately 8 million clients in the EU/EEA received investment services from firms located in other EU/EEA Member States in 2023; Compared to 2022, the cross-border market for investment services grew by 1.6% in terms of firm numbers, and by 5% in terms of retail clients, while the number of complaints increased by 31%; Cyprus is the primary location for firms providing cross-border investment services in the EU/EEA, accounting for 20% of the total firms passporting investment services. Luxembourg and Germany follow with 15% and 14% of all firms, respectively; and Germany, France, Spain, and Italy are the most significant destinations (in terms of number of retail clients) for investment firms providing cross-border services in other Member States. The insights gained from the analysis will allow ESMA and the NCAs to better understand and monitor cross-border investment services provided by firms in the EU/EEA. Next steps ESMA will perform the next data collection in 2025.   Further information: Sarah Edwards Senior Communications Officerpress@esma.europa.eu 15/07/2024 ESMA35-335435667-5928 Report on the 2023 Cross-border Provision of Investment Services to Retail Clients in the EU and EEA

A €90 million financing agreement was signed today in Livorno by European Investment Bank (EIB) Vice-President Gelsomina Vigliotti and President of Autorità di Sistema Portuale del Mar Tirreno Settentrionale Luciano Guerrieri, in the presence of the President of the Tuscany Region Eugenio Giani, the Mayor of Livorno Luca Salvetti, and Commander of port of Livorno Gaetano Angora. The goal is to support the modernisation and expansion of the Port of Livorno, helping to increase its productivity, safety, and environmental sustainability.

The Council has prolonged until 27 July 2025 the EU’s restrictive measures in view of Iran’s military support for Russia’s war of aggression against Ukraine and for armed groups and entities in the Middle East and the Red Sea region.

Weekly schedule of President Charles Michel, 15-21 July 2024

The European Investment Bank (EIB) Group exceeded its targets for cohesion financing across the EU in 2023, supporting projects to mitigate regional disparities. The third annual report on “EIB Group activities in EU cohesion regions” highlights how targeted support unlocks regional potential and has a direct impact on improving people’s lives. It also underlines that regional convergence across the EU requires more social investments and connectivity.