EU

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Ukraine received €1.5 billion in macro-financial assistance from the EU

From the beginning of 2023, the total amount of direct budget aid from the EU will reach €4.5 billion

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Marcegaglia plans to acquire Latvian Severstal Distribution SIA

Currently, these intentions are being evaluated by the EU antimonopoly authority

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The EU presented a strategy for providing the bloc with critical raw materials

The list of strategic raw materials includes 16 items

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Industrial production in the eurozone in January 2023 increased by 0.7% m/m

Compared to January 2022, industrial production in the Eurozone increased by 0.9%, and in the EU – by 1%

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EUROFER calls for a comprehensive reform of the EU electricity market

Currently, the steel sector consumes about 75 TWh of electricity per year

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The EU will continue the preferential trade regime for Ukraine

The second tranche of macro-financial assistance should arrive at the end of March

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Electricity prices rose in most EU countries in February 2023

One factor was the rising cost of the carbon contract

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The EU has agreed to reduce energy consumption by 11.7% by 2030

From 2024 to 2030, countries will have to reduce final energy consumption by an average of 1.49% annually

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The EU plans to stimulate electricity contracts with a fixed price

The draft market reform proposal will be presented on March 16 2023

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Ukraine to build a section of Eurorail to Poland by the end of 2023

The railway section will provide direct access to Ukrainian goods from Warsaw to Lviv, and later to Kyiv

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Decarbonisation of EU industry needs support from governments

In February 2023, the European Commission presented the Green Deal industrial plan

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