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Euro area insurance corporation statistics: second quarter of 2021

Total assets of euro area insurance corporations amounted to €9,118 billion in second quarter of 2021, €76 billion higher than in first quarter of 2021 Total insurance technical reserves of euro area insurance corporations rose to €6,855 billion in second quarter of 2021, up €57 billion from first quarter of 2021

ESRB publishes EU Non-bank Financial Intermediation Risk Monitor 2021

The European Systemic Risk Board (ESRB) has today published the EU Non-bank Financial Intermediation Risk Monitor 2021 (NBFI Monitor). This is the sixth issue in an annual series monitoring non-bank financial intermediation, an area which has grown in recent years and now accounts for around 40% of the EU financial system.

Better raw material sourcing can significantly reduce greenhouse gas emissions

Climate-friendly practices for sourcing raw materials hold significant potential to cut greenhouse gas emissions in Europe and globally. According to a European Environment Agency (EEA) report, published today, focusing on raw material extraction and processing, raw material consumers can use their purchasing power to influence suppliers to become more climate friendly. At European Union (EU) […]

Monetary developments in the euro area: July 2021

Annual growth rate of broad monetary aggregate M3 decreased to 7.6% in July 2021 from 8.3% in June Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 11.0% in July from 11.8% in June Annual growth rate of adjusted loans to households increased to 4.2% in July from 4.0% in June Annual […]

European Union as a whole stays within air pollutant emission limits in 2019

The European Union (EU) as a whole respected emission ceilings for four key pollutants in 2019, including nitrogen oxides, non-methane volatile organic compounds, sulphur dioxide and ammonia, according to a new European Environment Agency briefing. Nevertheless, Member States still need to make deeper cuts in emissions to achieve 2020-29 and 2030 reduction commitments, especially for […]