ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
The recently established EU Regional Trust Fund on Thursday signed two contracts worth a total of EUR 17.5M that aim to address the education and food needs of 240,000 Syrian refugees in Turkey, the European Commission said.
The first contract was signed with UNICEF and is worth €12.5 million.
It aims to mprove access to inclusive and quality education and provide psycho-sociological support to Syrian children living in Turkey, especially in host communities. More than 200,000 Syrian refugee children will benefit from Arabic teaching, psychosocial support, educational materials and refurbished school facilities under this action, the EU Commission said on its website.
The second contract worth EUR 5M was signed with the World Food Programme.
It will provide financing that will allow up to 41,000 Syrians residing in three camps to receive monthly food vouchers. The action will complement the ongoing EU humanitarian assistance and help limit disruptions in aid delivery.
For these actions in Turkey, the EU Trust Fund is using contributions from the Instrument for Pre-accession Assistance (IPA). Italy and Germany are also donors to the EU Trust Fund.
German Chancellor Friedrich Merz used his opening address at the Munich Security Conference to deliver one of the bleakest assessments yet of the global environment, declaring that the international order that shaped the postwar era has effectively collap
Romania aims to join the eurozone within three to four years, but recent economic data show the country has slipped into a technical recession.
The European Parliament has approved a €90 billion support package for Ukraine, aimed at addressing the country’s urgent financial and defense needs as Russia’s war of aggression enters its fifth year
Hungarian Prime Minister Viktor Orban has claimed that both the European Union and Ukraine have effectively “declared war” on Hungary following a Politico article outlining plans for Ukraine’s potential early accession to the EU and strategies to bypass H
Nearly 6,000 Syrians applied last year to return voluntarily to Syria under a program financed by Germany’s Federal Office for Migration and Refugees (BAMF)
According to POLITICO, the long-delayed Future Combat Air System (FCAS) being developed by France, Germany and Spain is now widely seen by officials in Paris and Berlin as nearing its end.
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