Latest News

EU Democracy Shield aims to protect democratic integrity

EU Democracy Shield aims to protect democratic integrity EU Democracy Shield aims to protect democratic integrity
  The European Parliament has taken a significant step toward safeguarding democracy with the establishment of the European Democracy Shield...
Read More...

Young Europeans losing faith in democracy

Young Europeans losing faith in democracy Young Europeans losing faith in democracy
  Recent findings from a comprehensive survey conducted by the YouGov institute for the Tui Foundation reveal a concerning trend among...
Read More...

European Parliament condemns human rights violations in Georgia, Iran, and Mali

European Parliament condemns human rights violations in Georgia, Iran, and Mali European Parliament condemns human rights violations in Georgia, Iran, and Mali
  On Thursday, the European Parliament adopted three resolutions addressing serious human rights abuses in Georgia, Iran, and Mali. The...
Read More...

Denmark to champion Ukraine’s EU bid during Council presidency

Denmark to champion Ukraine’s EU bid during Council presidency Denmark to champion Ukraine’s EU bid during Council presidency
  Denmark has pledged to push forward Ukraine’s EU membership efforts when it assumes the presidency of the European Council on July...
Read More...

EU and Switzerland take major step toward modernised partnership

EU and Switzerland take major step toward modernised partnership EU and Switzerland take major step toward modernised partnership
  The European Commission has advanced a key initiative to renew and deepen ties with Switzerland, proposing that the Council approve a...
Read More...

EYE2025: thousands of young people to celebrate democracy in Strasbourg

EYE2025: thousands of young people to celebrate democracy in Strasbourg EYE2025: thousands of young people to celebrate democracy in Strasbourg
  On 13 and 14 June, around 8,500 young people aged 16 to 30 from across the globe will gather at the European Parliament in Strasbourg...
Read More...

EU approves Bulgaria’s eurozone membership for 2026

EU approves Bulgaria’s eurozone membership for 2026 EU approves Bulgaria’s eurozone membership for 2026
  Brussels has officially greenlit Bulgaria’s entry into the eurozone, with the country set to adopt the euro on 1 January 2026. The...
Read More...

What are Denmark’s goals for Its upcoming EU presidency?

What are Denmark’s goals for Its upcoming EU presidency? What are Denmark’s goals for Its upcoming EU presidency?
  As Denmark prepares to assume the rotating presidency of the EU Council on July 1st, the country is setting its sights on a results-driven...
Read More...

New EU strategy for a secure, prosperous, and resilient Black Sea region 

New EU strategy for a secure, prosperous, and resilient Black Sea region  New EU strategy for a secure, prosperous, and resilient Black Sea region 
  The European Union has unveiled a new strategy aimed at fostering stability, security, and prosperity in the Black Sea region. This initiative...
Read More...

Must Read

Most Popular Stories

VIDEO AND audio news:

Features, views, analysis

business

Latest News

EU Democracy Shield aims to protect democratic integrity

EU Democracy Shield aims to protect democratic integrity EU Democracy Shield aims to protect democratic integrity
  The European Parliament has taken a significant step toward safeguarding democracy with the establishment of the European Democracy Shield...
Read More...

Young Europeans losing faith in democracy

Young Europeans losing faith in democracy Young Europeans losing faith in democracy
  Recent findings from a comprehensive survey conducted by the YouGov institute for the Tui Foundation reveal a concerning trend among...
Read More...

European Parliament condemns human rights violations in Georgia, Iran, and Mali

European Parliament condemns human rights violations in Georgia, Iran, and Mali European Parliament condemns human rights violations in Georgia, Iran, and Mali
  On Thursday, the European Parliament adopted three resolutions addressing serious human rights abuses in Georgia, Iran, and Mali. The...
Read More...

Denmark to champion Ukraine’s EU bid during Council presidency

Denmark to champion Ukraine’s EU bid during Council presidency Denmark to champion Ukraine’s EU bid during Council presidency
  Denmark has pledged to push forward Ukraine’s EU membership efforts when it assumes the presidency of the European Council on July...
Read More...

EU and Switzerland take major step toward modernised partnership

EU and Switzerland take major step toward modernised partnership EU and Switzerland take major step toward modernised partnership
  The European Commission has advanced a key initiative to renew and deepen ties with Switzerland, proposing that the Council approve a...
Read More...

EYE2025: thousands of young people to celebrate democracy in Strasbourg

EYE2025: thousands of young people to celebrate democracy in Strasbourg EYE2025: thousands of young people to celebrate democracy in Strasbourg
  On 13 and 14 June, around 8,500 young people aged 16 to 30 from across the globe will gather at the European Parliament in Strasbourg...
Read More...

EU approves Bulgaria’s eurozone membership for 2026

EU approves Bulgaria’s eurozone membership for 2026 EU approves Bulgaria’s eurozone membership for 2026
  Brussels has officially greenlit Bulgaria’s entry into the eurozone, with the country set to adopt the euro on 1 January 2026. The...
Read More...

What are Denmark’s goals for Its upcoming EU presidency?

What are Denmark’s goals for Its upcoming EU presidency? What are Denmark’s goals for Its upcoming EU presidency?
  As Denmark prepares to assume the rotating presidency of the EU Council on July 1st, the country is setting its sights on a results-driven...
Read More...

New EU strategy for a secure, prosperous, and resilient Black Sea region 

New EU strategy for a secure, prosperous, and resilient Black Sea region  New EU strategy for a secure, prosperous, and resilient Black Sea region 
  The European Union has unveiled a new strategy aimed at fostering stability, security, and prosperity in the Black Sea region. This initiative...
Read More...

Must Read

Most Popular Stories

The European Commission and the High Representative today published a Joint Communication on a European Economic Security Strategy. This Joint Communication focuses

on minimising risks arising from certain economic flows in the context of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of economic openness and dynamism.

The proposed strategy sets out a common framework for achieving economic security by promoting the EU's economic base and competitiveness; protecting against risks; and partnering with the broadest possible range of countries to address shared concerns and interests. The fundamental principles of proportionality and precision will guide measures on economic security.

A more comprehensive approach to risk management

Risks presented by certain economic linkages are evolving quickly in the current geopolitical and technological environment and are increasingly merging with security concerns. This is why the EU must develop a comprehensive approach on commonly identifying, assessing and managing risks to its economic security.

The Strategy proposes to carry out a thorough assessment of risks to economic security in four areas:

risks to the resilience of supply chains, including energy security;

risks to physical and cyber security of critical infrastructure;

risks related to technology security and technology leakage;

risks of weaponisation of economic dependencies or economic coercion.

The Strategy proposes a methodology for this risk assessment. It should be carried out by the Commission and Member States in cooperation with the High Representative, where appropriate, and with input from the private sector. It should be a dynamic and continuous process.

The Strategy also sets out how to mitigate identified risks through a three-pronged approach, namely by:

promoting the EU's competitiveness, by strengthening the Single Market, supporting a strong and resilient economy, investing in skills and fostering the EU's research, technological and industrial base;

protecting the EU's economic security through a range of existing policies and tools, and consideration of new ones to address possible gaps. This would be done in a proportionate and precise way that limits any negative unintended spill-over effects on the European and global economy;

partnering with the broadest possible range of partners to strengthen economic security, including through furthering and finalising trade agreements, reinforcing other partnerships, strengthening the international rules-based economic order and multilateral institutions, such as the World Trade Organization, and investing in sustainable development through Global Gateway.

Next steps

The Communication lays the basis for a strategic discussion with EU Member States and the European Parliament to develop a comprehensive approach to protect the Union's economic security. The European Council will consider the strategy during its meeting of 29-30 June 2023.

The Communication lays out the following new actions:

develop with Member States a framework for assessing risksaffecting the EU's economic security; this includes establishing a list of technologies which are critical to economic security and assess their risks with a view to devising appropriate mitigating measures;

engage in a structured dialogue with the private sector to develop a collective understanding of economic security and encourage them to conduct due diligence and risk management in light of economic security concerns;

further support EU technological sovereignty and resilience of EU value chains, including by developing critical technologies through Strategic Technologies for Europe Platform (STEP);

review the Foreign Direct Investment Screening Regulation.

explore options to ensure adequate targeted support for research and development of dual-use technologies;

fully implement the EU's export control regulation on dual use items and make a proposal to ensure its effectiveness and efficiency;

examine, together with Member States, what security risks can result from outbound investments and on this basis propose an initiative by the end of the year;

propose measures to improve research security ensuring a systematic and rigorous enforcement of the existing tools and identifying and addressing any remaining gaps;

explore the targeted use of the Common Foreign and Security Policy (CFSP) instruments to enhance EU economic security including Hybrid and Cyber Diplomacy toolboxes and foreign information manipulation and interference (FIMI) toolbox;

instruct the EU Single Intelligence Analysis Capacity (SIAC) to work specifically on the detection of possible threats to EU economic security;

ensure that the protection and promotion of EU economic security is fully integrated in European Union's external action and intensify the cooperation with third countries on economic security issues.

Background

Open, rules-based trade have shaped and benefitted the EU since its inception. At the same time, growing geopolitical tensions and greater geostrategic and geoeconomic competition, as well as shocks such as the COVID pandemic and Russia's war of aggression against Ukraine, have highlighted the risks inherent in certain economic dependencies. Such risks – unless properly managed – can challenge the functioning of our societies, our economies, our strategic interests and our ability to act. A comprehensive Strategy – including joint-up action across internal and external policies and a cohesive set of measures at EU and Member State level – is essential for the EU to assess and manage risks while at the same time maintaining our openness and international engagement.

deneme