2024/09/05 / Ceska Sporitelna Research |
EU News Monthly September 2024 On 1 August 2024, the European Artificial Intelligence Act enters into force. The AI Act introduces a uniform framework across all EU countries, based on a forward-looking definition of AI and a risk-based approach. In the second quarter of 2024, seasonally adjusted GDP increased by 0.3% in the EU, compared with the previous quarter. In the first quarter of 2024, GDP had also grown by 0.3%. Most EU Member States have their natural gas storage facilities filled to more than 90% of their capacity. The European Commission has announced that it will adjust tariffs on electric cars imported from China and at the same time the temporary tariffs will become final in Novembe In 2022, hard coal for the first time was overtaken by solar energy in electricity generation in the EU. The proportion of solar energy in the EU’s total electricity production was 210 249 GWh compared with 205 693 GWh for hard coal. |
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Author | Ceska Sporitelna Research |
Date | 2024/09/05 |
Language | |
Product name | EU News Monthly |
Topic in focus | FX, Macro/ Fixed income |
Economy in focus | Czech Republic |
Currency in focus | Czech Koruna |
Sector in focus | - |
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