DOF studying new tax measures to boost revenue

THE Department of Finance (DOF) is studying additional tax measures to plug revenue leakages and boost government revenues, including a review of the de minimis import threshold and excise tax on online gambling, among others.

In a recent press chat, Finance Undersecretary of the Fiscal Policy and Monitoring Group (FPMG) Karlo Fermin S. Adriano said the DOF continues to review tax policies and administration.

‘We should always keep on improving, especially our tax system,’ Adriano said. ‘Even without instructions coming from anyone, that’s our mandate in the FPMG [Fiscal Policy and Monitoring Group] to review all of this tax policy, and we will continue to do that.’

This year, the government aims to collect P4.441 trillion in tax revenues, 8.9 percent higher than the P4.077.2 trillion generated in 2025.

The DOF has been examining the possible removal of the de minimis threshold, which exempts imported goods valued below P10,000 from customs duties and taxes.

While other countries have lower thresholds, Adriano said the international trend is toward removing the limit altogether.

Adriano said the exemption puts local manufacturers, whose products are generally subject to taxes, at a disadvantage, more so now with the growth of e-commerce platforms.

Removing the exemption would require legislation because the de minimis provision is covered by the Customs Modernization and Tariff Act.

‘We’re in the studying stage. Such that if there’s an opportunity, maybe us or the next admin, the DOF can push for it,’ Adriano said.

Online gambling tax

Meanwhile, the DOF also continues to study the possibility of imposing an excise tax on online gambling, as instructed by former Finance Secretary Ralph G. Recto before.

Recto, now the executive secretary, had floated the idea of increasing the rate that the government collects from licensed operators’ gross gaming revenues.

Raising the rate by 10 percent more, on top of the 38 percent the government currently levies, could translate to P20 billion more in revenues for the government every year, Recto said.

These potential tax measures come as the DOF also considers several proposed tax reliefs, including abolishing the travel tax and general tax amnesty.

Adriano said the DOF supports the removal of the travel tax, which could result in around P10 billion in foregone revenues, with Finance Secretary Frederick D. Go backing the measure.

‘We will be consistent with our mandate to generate revenues to fund all government programs,’ Adriano said.

As the government targets average annual tax revenue growth of 8 percent through 2029, Adriano said the DOF would assess the economic impact of each proposed tax measure before pursuing it.

‘If we find that it’s not [beneficial], then we will stop the proposal. There should be a clear rationale and benefit if we ever propose any taxes,’ he added.

Africa’s $3.08bn investment paradox: more fund capital, fewer startup deals

African startups are facing a more demanding fundraising environment as investors increasingly prioritise profitability, proven traction and efficient use of capital, despite a growing pool of institutional money committed to investment funds across the continent.

Between January and September 2026, African startups raised $2.49 billion across 315 disclosed deals, a 7.8 percent increase from the $2.30 billion recorded across 403 deals in the corresponding period of 2025, according to data from TechCabal Insights and FCMB Hub One.

However, the 88 fewer transactions recorded during the period point to a market where capital is becoming increasingly concentrated among businesses capable of demonstrating stronger commercial fundamentals.

The contrast is particularly striking at the fund-management level. Limited partners committed $3.08 billion to African fund managers in the first nine months of 2026, with more than $1.7 billion raised in the first half and another $1.23 billion committed in the third quarter.

The commitments suggest that institutional investors have not abandoned Africa’s startup and growth-investment markets. Rather, the challenge is increasingly about which businesses can access the money and under what conditions.

Notable fundraising activities included Ninety One’s Africa Credit Opportunities Fund 3, which closed at $404 million, including leverage; Airnergize Capital’s Clean Energy Fund at $239 million; and Ventures Platform’s Pan-African Fund II, which secured an $84 million second close.

CardinalStone Capital Advisers also secured a $76 million first close for its West Africa SME growth fund, while Acumen Capital Partners reached a $90 million second close for its Resilient Agriculture Fund. AgDevCo secured a $49 million first close targeting early-stage agritech businesses in East Africa.

Yet these figures represent commitments to investment vehicles, not capital already deployed into startups. Fund managers must still identify suitable businesses, conduct due diligence and satisfy their investment mandates before deploying the money.

This distinction explains the growing gap between the availability of institutional capital and the ability of African founders to raise it. The shift is changing how startups prepare for fundraising. Investors are increasingly looking beyond user growth, market size and ambitious expansion plans to examine whether companies can generate sustainable revenue, control operating costs and demonstrate a credible route to profitability.

For founders, this means that raising capital increasingly depends on proving that a business model works rather than simply showing that a market opportunity exists.

The emphasis on traction and unit economics reflects a more disciplined investment environment in which investors want clearer evidence of how much it costs a company to acquire customers, how much revenue those customers generate and whether the business can sustain growth without continuously relying on fresh external funding.

Gagan Gupta, founder of Spiro and chairman of Equitane, has emphasised the importance of demonstrated execution at scale, reflecting the growing preference for businesses that have moved beyond projections to measurable operating performance.

Similarly, Lars Bo Bertram, chief executive officer of Impact Fund Denmark, has highlighted the importance of commercially robust business models that combine measurable impact with operational evidence.

For African founders, the implications extend beyond preparing better pitch decks. Companies must demonstrate stronger financial reporting, disciplined spending, revenue visibility and a clearer understanding of their path to sustainable operations.

Startups that previously relied on rapid customer acquisition and successive equity rounds to finance expansion may now find it harder to convince investors without evidence that their growth can translate into viable economics.

Debt and hybrid financing gain relevance

The changing investment environment is also creating greater relevance for venture debt and hybrid financing structures, particularly for companies with predictable revenue, established operations or assets that can support borrowing.

Unlike conventional equity fundraising, debt allows qualifying businesses to raise money without immediately surrendering additional ownership. However, it introduces repayment obligations that can place pressure on companies without reliable cash flows.

The growing use of debt in some of the continent’s largest transactions illustrates this shift.

Odyssey Energy Solutions secured $74 million in combined financing, comprising a $47 million debt facility from British International Investment, BIO, Cygnum Capital and TripleJump, alongside $27 million in equity from Broadscale Group, FMO and Al Mada Ventures.

Kenya-based ARC Ride raised $33.3 million, combining $23.3 million in equity led by Novastar Ventures, Norrsken22 and the International Finance Corporation with $10 million in debt to expand its electric mobility and battery-swapping network.

Spiro also secured an additional $18 million in debt from the Africa Go Green Fund, while Cold Solutions raised an $18 million debt facility from Cygnum Capital.

These transactions demonstrate that investors are using different financing structures to support businesses with identifiable infrastructure requirements, operating models and expansion opportunities.

However, debt is not a universal alternative to equity. Early-stage companies without predictable revenue or sufficient assets may struggle to qualify, leaving them dependent on equity investors who are becoming more selective.

This creates a financing divide between established startups with operating track records and younger companies still trying to prove their business models.

Where the biggest cheques are going

The distribution of major transactions also offers insight into the sectors attracting capital.

In September, Egypt’s Paymob raised $35 million in pre-Series C funding led by Mubadala and the European Bank for Reconstruction and Development.

South Africa’s Mission Mobile secured $30.7 million from DN Invest for device-financing infrastructure, while Synapse Analytics raised $13 million in a Series A round led by Partech.

Zeal and SunCulture each attracted $10 million.

The transactions point to continued investor interest in financial services, energy, mobility, agricultural technology and digital infrastructure, where businesses address identifiable economic needs and have opportunities to build recurring revenue.

The pattern suggests that investors are increasingly interested in companies whose technology is connected to essential services and economic infrastructure, rather than businesses whose investment propositions depend primarily on projected user growth.

For Africa, where infrastructure gaps remain significant and access to finance, energy, mobility and agricultural services is uneven, these sectors offer opportunities for commercially sustainable businesses.

However, the concentration of funding also raises questions about whether capital will reach the wider startup ecosystem, particularly smaller businesses operating outside established technology hubs and companies in sectors with longer routes to profitability.

The fund-raising pipeline is not the same as startup funding

The $3.08 billion committed to African fund managers provides an important indication of institutional appetite, but its eventual impact will depend on deployment decisions.

Fund managers operate under investment mandates that determine the sectors, countries, company stages and financial profiles they can support. Some funds target infrastructure and credit opportunities rather than conventional venture-backed startups, while others focus on agriculture, clean energy or small and medium-sized businesses.

Consequently, the entire $3.08 billion cannot be treated as money available to African technology startups.

The difference between commitments and actual deployment is particularly important in a market where founders are competing for fewer investment transactions.

Although disclosed startup funding value increased by 7.8 percent in the first nine months of 2026, the decline in deal count suggests that the increase was not evenly distributed across the ecosystem.

Larger and more established companies are attracting substantial financing, while businesses without sufficient traction may find it difficult to secure investment even as fund managers announce new closes.

This creates a two-sided challenge. Investors need to deploy committed capital into businesses that satisfy their return and impact expectations, while founders must demonstrate that their companies can deliver sustainable commercial outcomes.

The next phase of African startup financing may therefore be determined less by how much capital enters the continent and more by how many businesses can meet the investment standards required to access it.

For founders, the message is becoming increasingly clear: growth remains important, but growth without sound unit economics, operational discipline and a credible path to profitability is becoming harder to finance.

Africa’s investment capital is growing. The real test is whether more businesses can qualify to receive it.

Over 10,000 Youth Turn Up For ‘Yegye Ye Sika’ Demo

Over 10,000 youth turned up for the ‘Y? Gye Y? Sika’ demonstration organised by the New Patriotic Party’s Youth Wing.

The protesters are demanding a full breakdown of the GHS49.72 million used to bring home 1,964 citizens amid xenophobic attacks, including charter flight costs, and an independent audit.

Protesters marched from spots like Accra Mall and the Tetteh Quarshie Roundabout tothe Ministry of Foreign Affairs and Jubilee House to submit a petition.

They also called for the dismissal of Foreign Affairs Minister, Samuel Okudzeto Ablakwa, voicing frustration over public fund mismanagement, with one participant saying, ‘Give the money you are amassing to the people so they can work with it.’

The protesters were all clad in black and red, with placards that read: ‘Sack Okudzeto Ablakwa Now!’, ‘Ablakwa the Chobo King’, ‘No More Speeches, Produce the Receipt’, ‘NDC Cocaine Alban’, ‘We Said Evacuate, We Did Not Say Inflate!’ and ‘US$750,000 for a chartered flight? Eeeeiiiii’.

Speaking to the media MP for Damongo Constituency, Abu Jinapor and 2024 Parliamentary Candidate for Ablekuma North, Nana Akua Owusu Afriyie, called for accountability from the Ministry of Foreign Affairs over the evacuation of Ghanaians from South Africa.

For Akua Afriyie she said, ‘Give the money you are amassing to the people so they can work with it. The gross mismanagement of the NDC government is destroying the nation.’

Also present was NPP National Youth Organiser, Abanga Fuseini, Nana B and other prominent big wings in the party joined the ‘Y?GYE Y? SIKA’ demonstration in Accra to demand accountability.

More updates soon..

SND to biz groups: Tell China to stand by truth instead

SECRETARY of National Defense Secretary Gilberto Teodoro Jr. on Tuesday pushed back against calls from major business groups for Manila to tone down its public exchanges with Beijing over maritime disputes, insisting the government will not back down from telling the truth in the West Philippine Sea.

Teodoro urged commercial organizations to direct their appeals for restraint to China rather than asking the Philippine government to stay silent while defending its sovereign rights.

‘Who should they be telling that to? We are only standing by the truth and transparency,’ Teodoro said in a radio interview.

The defense chief called out the business sector’s selective silence, questioning why these organizations failed to voice similar concerns during previous controversies involving Chinese interests in the country-such as illegal Philippine offshore gaming operators (Pogos), the influx of substandard steel, and foreign-run scam hubs.

‘Why did we not hear these statements before when Pogos became widespread here, when substandard steel was brought into the country, and when scam hubs emerged?’ Teodoro asked, challenging the groups to clarify if their intent was to stop the nation from standing up for itself.

His remarks came a day after a coalition of 22 prominent business, labor, agriculture, and educational organizations-including the Philippine Chamber of Commerce and Industry (PCCI) and the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc.-issued a joint statement calling on the government to adopt measured diplomacy and tone down public rhetoric to prevent economic damage.

The business coalition warned that escalating tensions could undermine trade, foreign investment, infrastructure, energy, and the livelihoods of overseas Filipino workers in mainland China, Hong Kong, and Macao.

Rejecting the idea that economic fears should weaken national defense, Teodoro asserted that Manila’s policy of public transparency exposes Beijing’s unlawful actions within the Philippines’ exclusive economic zone (EEZ) under the United Nations Convention on the Law of the Sea (Unclos) and the landmark 2016 arbitral ruling.

Rather than bowing to economic pressure, Teodoro urged the business community to use the geopolitical tension as a catalyst to build domestic strength and reduce external reliance.

‘This should strengthen our supply chain resilience, diversify our supply chains, and strengthen our industries so they can serve as bridges to genuine prosperity for the country and capital formation, instead of merely producing consumer goods,’ Teodoro said, advocating for robust local manufacturing that supports micro, small, and medium enterprises.

15 Islamiyya students abducted in Niger community

No fewer than 15 students of an Islamiyya school in Mai-Kujeri village, located between Kagara and Pandogari in Rafi Local Government Area of Niger State, have been abducted by gunmen.

The incident reportedly occurred at about 11 a.m. on Saturday when the students, who had gone to their Malam’s farm to harvest maize, received a warning from a Good Samaritan about the movement of suspected bandits towards their village.

Fearing a possible attack, the students reportedly rushed towards the village. However, as they approached the community, they sighted the armed men and fled in different directions into the bush.

Unfortunately, 15 of the students were reportedly intercepted and abducted by the gunmen, who took them to an unknown destination. Their whereabouts remained unknown at the time of filing this report.

It was also gathered that the Rafi Local Government Chairman was indisposed, while the Vice-Chairperson was away in Saudi Arabia to perform the lesser Hajj (Umrah) when the incident occurred.

A reliable source disclosed that the acting chairman of the local government, alongside the Divisional Police Officer (DPO) in the area, had visited the Islamiyya schoolteacher in Mai-Kujeri, who reportedly confirmed that 15 of his students were in the custody of the abductors.

The clarification has dismissed earlier reports claiming that 50 Islamiyya students were kidnapped in the incident.

However, neither the security agencies nor the Niger State Government had issued an official statement on the abduction as of the time of filing this report.

Meanwhile, the Niger State chapter of the Social Democratic Party (SDP) has condemned Governor Umaru Bago over what it described as his failure to adequately address the worsening security situation in the state.

The opposition party accused the governor of being more concerned about his re-election bid in 2027 than the safety of residents.

In a statement issued by Jonathan Vatsa, the spokesperson for the party’s governorship candidate, he said the governor had failed to protect the lives and property of the people whose mandate he would be seeking in the 2027 general election.

Vatsa alleged that attacks on rural communities had become frequent, with armed men reportedly abducting and killing innocent residents.

He lamented that communities across the state continued to face security threats, urging the state government to prioritise the protection of lives and property rather than political considerations.

DaboyKenzi Releases Four-Track EP

Fast-rising Ghanaian act, DaboyKenzi, has released his debut EP titled ‘S.O.W (Sounds of Wavy)’.

The ‘Chaos’ hitmaker, who has grown on fans over the years with a style that is now uniquely his, keeps it short but sweet on the four-track project.

The EP expands his discography through an experimental, laid-back approach, and as expected, the vibe is effortlessly cool.

Living up to its namesake, the new EP drops with a relaxed energy that hits just right. It opens with slow drums that gently welcome listeners to the meditative atmosphere of ‘Sabali (Intro)’ before drawing them further in with the spiritual undertones of ‘Dear Most High’.

It’s a convincing opening stretch that establishes the mellow mood DaboyKenzi is shooting for.

At least until ‘OdoLastic’ arrives. This is where the project reaches its peak, with DaboyKenzi’s melodies making the EDM-inspired backdrop simply addictive.

It’s a fun piece that highlights his sense of adventure in a way that makes the EP’s final track, ‘Questions’, feel almost dull.

Here, the crooner puts his affection front and centre, creating a track that feels closer to the artist fans have come to know.

All in all, ‘S.O.W (Sounds of Wavy)’ shows promise. While it carries an almost experimental quality, it is polished enough to feel fully realised.

The EP is available for streaming and download across all major digital platforms via https://rainlabs.lnk.to/SOW.

Maynilad-K-Water consortium poised to win P14.8-B New Clark water project

THE Bases Conversion and Development Authority (BCDA) is preparing to award the P14.8-billion New Clark City water and wastewater project to the consortium of Maynilad Water Services Inc. and Korea Water Resources Corp. (K-Water) after no competing proposal was submitted during the Swiss challenge.

BCDA President and Chief Executive Officer Joshua M. Bingcang said Tuesday the agency intends to proceed with the award as soon as possible, subject to the completion of the required procedures.

Speaking to reporters on the sidelines of a Shareholders’ Association of the Philippines event in Makati, Bingcang said several companies attended the project’s pre-bid activities but none submitted a competing offer.

He declined to identify the interested firms.

Bingcang said BCDA was looking to proceed with the award even before the expiration of the 90-day challenge period.

The absence of a competing bid puts the Maynilad-K-Water consortium, which earlier secured original proponent status, in a position to proceed with the project once the remaining requirements are satisfied.

The project, initially proposed by K-Water in February, involves the development of bulk water supply and wastewater treatment infrastructure to serve New Clark City in Tarlac.

The proposed system is expected to have a capacity of 150 million to 200 million liters per day, with surplus water potentially available for other areas.

The joint venture will have an initial term of 25 years, with an option to extend for another 25 years.

Aerospace investments eyed

Meanwhile, Bingcang disclosed that a European maintenance, repair and overhaul (MRO) company is considering establishing a facility at Clark International Airport.

The proposed development would occupy approximately 40 hectares beside the Federal Express Corp. (FedEx) facility.

BCDA has not identified the prospective investor, pending authorization from the company.

Bingcang said the estimated $40-million investment would cover construction of the facility, while the prospective operator would provide the necessary equipment and other installations.

BCDA would construct the hangar according to the company’s specifications, while a local partner would participate in developing and operating the facility.

Bingcang said he discussed possible partnership and financing arrangements during a recent visit to Paris, although no agreement had been signed.

Separately, an American aerospace manufacturer is also considering setting up production operations in Clark.

Bingcang did not identify the company or disclose its proposed investment, employment targets or implementation timetable.

He said discussions were continuing, with the project also subject to relevant US government approvals.

PRESS RELEASE – UNIVERSITY OF CYPRUS

At a press conference on 3 November, the University of Cyprus (UCY) presented its first five English-taught undergraduate programmes. Their introduction marks a significant milestone for Cyprus’s first public university, widening access to undergraduate study in English. It also supports the University’s strategy to attract students from Cyprus and overseas, build a more international student community and strengthen Cyprus’s role as a regional center for higher education.

Five programmes. A new direction for the University of Cyprus.

Medical School

Medicine (MD):

?he University of Cyprus proudly announces the launch of its new English-taught Doctor of Medicine Programme. Designed according to modern international standards, the programme combines academic excellence, research, innovation, and extensive clinical training to prepare future physicians for the healthcare challenges of the 21st century.

The program, fully accredited by the Agency for Quality Assurance and Accreditation in Higher Education (CYQAA) based on the criteria of the World Federation for Medical Education (WFME), has been designed in accordance with the requirements of Directive 2005/36/EC on the recognition of professional qualifications, ensuring that it meets European and international standards of education and practice of the medical profession, creating a modern, international and multicultural learning environment.

This initiative is a strategic investment in the country’s knowledge, innovation, and international perspective, adding significant value to Cyprus’ health and education ecosystem and enhancing its competitiveness and international appeal. Beyond its educational dimension, the program is expected to create new perspectives for international collaborations, research, and innovation, strengthening the interconnection of university education with clinical practice and establishing Cyprus’ role as a regional hub of excellence in medical education and health.

The UCY School of Medicine is the first Medical School in Cyprus to be successfully accredited after an evaluation by the CYQAA, based on the criteria of the WFME and is ranked among the top 301-400 medical schools of universities worldwide based on the Times Higher Education World University Rankings by subject 2026: Medical and Health.

School of Economics and Management

Department of Accounting and Finance

Bachelor in Business Administration in Accounting or Finance:

The University’s programmes in Accounting and Finance have attracted strong demand for 30 years. The new English-taught undergraduate programme builds on this established record and forms part of the University’s strategy to attract high-achieving students from Cyprus and abroad. The programme combines internationally recognised academic excellence with contemporary teaching, links to international professional qualifications (ACA, ACCA and CFA), and a paid work placement. It also offers strong employment prospects and opportunities to pursue postgraduate study at leading universities abroad.

Department of Business and Public Administration

Bachelor in Business Administration in Management or Marketing, or Operations Management:

The three English-taught Bachelor’s degree programmes in Business Administration, offering specializations in Marketing, Operations Management, or Management, respond to the demands of a dynamic and international business environment, attracting students from Cyprus and abroad. Building on the University of Cyprus’ academic and research excellence, the programmes combine a solid theoretical foundation with practical applications and internship opportunities, fostering analytical thinking, creativity, and leadership skills. Specialisation in these three contemporary fields of business administration provides a strong foundation for a successful international career and/or postgraduate studies at leading universities abroad.

Department of Economics

Bachelor in Economics:

The new English-taught undergraduate programme in Economics builds on the Department of Economics’ academic and research tradition, offering high-quality education to students from around the world. It combines economic theory, data analysis, and applied research, providing solid training that addresses contemporary challenges. Its flexible curriculum allows students to choose between following a broad Economics curriculum or specialising in Economic Theory and Econometrics or International and European Economic Studies. The Department’s graduates hold professional and leadership roles in established companies in Cyprus and abroad, and secure places on leading master’s and doctoral programmes worldwide.

The University of Cyprus ranks among the top 301-400 universities worldwide in the field of Management, according to the ShanghaiRanking Global Ranking of Academic Subjects 2026. The School of Economics and Management, comprising the Departments of Business and Public Administration, Accounting and Finance, and Economics, holds the prestigious AACSB accreditation, an internationally recognized hallmark of academic excellence and quality in business education.

YUFE Alliance

YUFE’s Joint Bachelor in Urban Sustainability Studies:

The University of Cyprus offers the Urban Sustainability Studies programme in collaboration with the other nine universities of the YUFE Alliance, delivering one of the alliance’s most ambitious joint educational initiatives. Built on a shared vision and strong inter-university cooperation, the programme provides innovative and interdisciplinary education in urban sustainability, combining knowledge from diverse academic fields and preparing graduates to address complex social, environmental, and developmental challenges. At the same time, it integrates mobility opportunities across partner universities, offering students valuable international academic and intercultural experiences.

PRESS RELEASE – EUROPEAN COMMISSION

EU Roma Strategic Framework brings positive progress on Roma rights across the EU with further efforts needed

The European Commission has published the third implementation report on the EU Roma Strategic Framework, covering the period from June 2023 to March 2025. The report identifies how the framework is helping advance Roma equality, inclusion and participation across the Union, while also outlining the remaining challenges.

Progress can be seen across areas such as employment, early childhood education and care, as well as strengthening national coordination of Roma equality and inclusion policies and increasing political recognition of antigypsyism.

Severe material deprivation among Roma people has decreased significantly, from 62% in 2016 to 37% in 2024, while the proportion of young Roma in employment, education or training has risen from 38% to 53%. Housing deprivation has declined, from 61% to 47%. The proportion of Roma in paid employment has increased from 43% to 54%, with most employment-related targets expected to be reached by 2030 if the current progress continues. Participation in early childhood education and care has also risen from 42% to 53%, although it remains significantly below that of the general population.

However, progress remains uneven and barriers remain to true equality for Roma people in Europe. Progress is stagnant in relation to segregation in education, overcrowding, paid gender work gap, discrimination experiences, and reporting of them. For example, only around one third of Roma young people complete upper secondary education, and nearly half of Roma children continue to attend segregated schools. 31% of Roma still experience ethnic discrimination. Moreover, poverty and social exclusion remain entrenched, with 77% of Roma children at risk of poverty and 40% of Roma households living in severe material deprivation.

The Commission calls on Member States to sustain and ramp up the efforts needed to achieve the 2030 targets of the EU Roma strategic framework.

Next steps

Member States should strengthen the implementation of their national Roma strategic frameworks through stronger institutional capacity, better coordination and monitoring, and integrated, cross-sectoral policies. The Commission will continue supporting Member States in these efforts, including through the European Social Fund+ which provides approximately pound 1.8 billion to fund targeted interventions for marginalised communities, such as Roma, in 15 Member States for the period 2021-2027. The Commission will continue monitoring the thorough implementation of the EU Roma Strategic Framework, with the next implementation report foreseen in 2028.

Background

The EU Roma Strategic Framework for Equality, Inclusion and Participation 2020-2030 introduced, for the first time, EU headline quantitative targets for 2030. The framework is complemented by the Council Recommendation of 12 March 2021, under which Member States committed to adopting and implementing national Roma strategic frameworks.

Implementation reports draw on Member States’ reports, data from the European Union Agency for Fundamental Rights (FRA) Roma Surveys, and contributions from Roma and pro-Roma civil society organisations, as well as other stakeholders.

The Racial Equality Directive, the Council Framework Decision on combating racism and xenophobia, the revised Victims’ Rights Directive, and the Equality Body Directives also contribute to building a Union of Equality for all. Recent EU initiatives, including the European Affordable Housing Plan, the strengthened European Child Guarantee, and substantial ESF+ funding for Roma-targeted projects, aim to mainstream Roma inclusion across policy domains.

For more information

Report on the progress made in the implementation of the national Roma strategic frameworks

Implementation Report: Staff Working Document

EU Roma strategic framework for equality, inclusion and participation

National Roma strategic frameworks – Commission assessment and implementation reports

Commission’s Anti-Racism Strategy

Quote(s)

I am determined to continue our work for Roma inclusion and participation in all aspects of life. This is a matter of equality, dignity and fairness for all. But it is also a political and economic necessity: Europe cannot be strong, united or competitive if millions of people are left behind. A fairer future for Roma is essential for the whole of the EU.

Roxana Mînzatu, Executive Vice-President for Social Rights and Skills, Quality Jobs and Preparedness

Six million Roma people call Europe home. Six million people with dreams, talents and ambitions. Yet too many Roma children still face barriers at school. Too many parents struggle to find a job or a decent home because of discrimination. Equality is a European value that must be felt in classrooms, workplaces and everyday life. One fair chance can change a life. Every Roma child in Europe deserves that chance.

Commission takes new steps to prepare Europeans for growing crisis risks

As Europe faces increasingly frequent and complex crises, the European Commission is stepping up efforts to strengthen preparedness across the EU. From helping citizens protect themselves during emergencies to ensuring that national civil protection systems can keep operating when disaster strikes, the EU is delivering concrete measures to make Europe more resilient.

Today, at the European Civil Protection Forum, Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib presented new guidelines to help people and communities prepare for emergencies, including during the first 72 hours of a crisis. She also announced plans for an annual EU Preparedness Day, with the first edition planned in October 2027. These initiatives build on a recently adopted Commission Recommendation on operational continuity and stress-testing to strengthen the resilience of national civil protection contact points across Europe.

Together, they mark further progress in delivering the EU Preparedness Union Strategy, turning Europe’s preparedness ambitions into practical action.

New guidelines to strengthen population preparedness

From packing essentials in an emergency bag to knowing how to react when disaster strikes, preparedness starts with practical steps. The Commission’s new guidelines will help authorities give people the knowledge and tools they need to protect themselves and others in a crisis.

They cover four key areas:

72-hour self-sufficiency: helping people meet their essential needs during the first three days of an emergency, while public assistance is being mobilised, including through essential emergency supplies and emergency grab bags.

Preparedness education: integrating preparedness into early childhood and primary education curricula and providing training for educators, helping children develop preparedness skills from an early age through accessible, age-appropriate activities, without creating fear or anxiety.

Disability-inclusive preparedness: making preparedness measures more inclusive and accessible, taking into account the needs of persons with disabilities and encouraging their participation in preparedness planning, so nobody is left behind.

Communicating risks and threats: helping authorities communicate risks and threats more effectively, ensuring that citizens receive timely, accessible and reliable information before, during and after emergencies.

Together, these non-binding guidelines aim to foster a culture of preparedness across Europe, ensuring that individuals and communities are better informed, equipped and able to anticipate and respond to crises.

EU Preparedness Day

To help making preparedness a shared priority across Europe, the Commission is proposing to establish an annual EU Preparedness Day, to be held every 23 October, starting in 2027. It will encourage citizens and communities to take an active role in preparing for emergencies to protect themselves and others.

The annual event will also recognise the efforts and work of national, regional and local authorities, civil protection organisations and communities in strengthening preparedness across Europe.

The date marks the anniversary of the establishment of the Civil Protection Mechanism on 23 October 2001, recognising its role in fostering European solidarity and coordinating disaster response within and beyond the EU over the past 25 years.

The initiative reflects the importance of citizen engagement, also highlighted by the European Citizens’ Panel on Preparedness. Bringing together 150 citizens from across the EU in March-May 2026, the Panel recommended, among other measures, the organisation of an annual EU Preparedness Week.

The Commission will work with the European Parliament, the Council, the European Economic and Social Committee and the European Committee of the Regions on a joint declaration supporting the initiative.

Strengthening operational continuity and stress-testing

The recently adopted Recommendation on operational continuity and stress-testing aims to help EU Member States and UCPM Participating States ensure that their national civil protection contact points under the Civil Protection Mechanism remain operational at all times, even during disruptive events.

Drawing on lessons from recent crises and disruptions, the non-binding Recommendation provides practical guidance on developing operational continuity plans and regularly testing continuity arrangements. By strengthening the resilience of these national contact points, it aims to ensure that the Mechanism can continue operating around the clock and respond effectively when emergencies occur.

Background

The EU Preparedness Union Strategy, adopted in March 2025, sets out a comprehensive approach to strengthening Europe’s capacity to anticipate, prevent and respond to crises and threats.

Building on the recommendations of the Niinistö Report, the Strategy promotes a whole-of-society and whole-of-government approach, recognising that preparedness is a shared responsibility involving public authorities, businesses, civil society and citizens.

The Strategy includes concrete actions to strengthen population preparedness, improve risk awareness and reinforce the EU’s capacity to respond to emergencies.

The Population Preparedness Guidelines are published with four accompanying guidance documents, including examples of good practice from Member States and worldwide. As part of an ongoing collaborative process, the guidance may be reviewed at a later stage, taking into account feedback and lessons learnt.

For more information

EU Preparedness Union Strategy

European Civil Protection Forum 2026

25 years – EU Civil Protection Mechanism

Population Preparedness Guidelines

Commission recommendation on operational continuity stress testing

EU Civil Protection Mechanism

Quote(s)

When disaster strikes, the first hours can make all the difference. Every European should know what to do, how to protect their family, and how to help others. Preparedness starts in our homes, in our schools, in our communities. That is why we are giving people practical tools to prepare for crises, while strengthening the systems they rely on when emergencies hit.

Commission collects feedback on improving the repairability of products in the EU

The European Commission has launched a public consultation and a call for evidence to prepare future EU ecodesign requirements that will make it easier for consumers to repair the products they buy. By setting new repairability requirements under the Ecodesign for Sustainable Products Regulation (ESPR), the Commission supports the EU’s ambition to have a more circular and competitive economy.

Future reparability requirements will contribute to making a wide range of products placed on the EU market easier to repair, thus extending their lifetime and reducing waste. With those new requirements, consumers will benefit from longer-lasting products, lower repair costs, and more choice when fixing everyday items.

The Commission is seeking feedback from all interested parties – including citizens, businesses, NGOs, public authorities, and researchers – to assess current repairability challenges faced by consumers and repairers, as well as possible measures to improve repairability, including access to spare parts or availability of repair and maintenance.

The public consultation and call for evidence are open until 9 February 2027. The feedback will feed into the impact assessment work for a possible delegated act setting out new repairability requirements under the ESPR.

The ESPR is a cornerstone of the EU’s strategy to establish a single market for sustainable products. The Commission is now implementing the ESPR working plan 2025-2030, with the preparation of delegated acts for priority product groups like iron and steel, textiles, aluminium, furniture, tyres, as well as horizontal measures on reparability and recycled content.

Commission conditionally approves JD.com’s acquisition of CECONOMY under the Foreign Subsidies Regulation

The European Commission has approved, under the Foreign Subsidies Regulation (‘FSR’), the acquisition of CECONOMY AG (‘CECONOMY’) by JD.com, Inc. (‘JD.com’). The approval is conditional upon full compliance with the commitments offered by the parties.

Today’s decision follows the opening of an in-depth investigation into the proposed acquisition and the sending of a Statement of Grounds.

During its in-depth investigation, the Commission gathered further information from the parties, as well as feedback from the parties’ competitors, and found that JD.com received subsidies in the form of preferential financing, tax incentives and grants from the PRC that are liable to distort the internal market.

To address the Commission’s competition concerns, the parties offered to conduct intra-group transactions between JD.com and CECONOMY on market terms, to provide JD.com’s warehousing and logistic services to third-party retailers on the same terms as those provided to CECONOMY, and to provide JD.com’s technology services to third parties on the same terms as those provided to CECONOMY.

The Commission found that these commitments fully and effectively remedy the distortion resulting from the identified foreign subsidies, by preventing cross-subsidisation from JD.com to CECONOMY and eliminating the combined entity’s competitive advantage resulting from JD.com’s subsidised logistic and technological capabilities.

Executive Vice-President for a Clean, Just and Competitive Transition, Teresa Ribera, said: ‘Consumers benefit from a competitive retail and e-commerce sector, with a level playing field for companies. The parties’ constructive approach has enabled commitments that effectively address the identified foreign subsidies and their potential distortive effects in the internal market, including by preventing cross-subsidisation of the parties’ European operations.’

Last rate setting will ‘hinge on output gap’

THE Monetary Board will less likely raise the key interest rate at its last rate-setting meeting for the year if the output gap, following the third-quarter growth data release, turned out to be ‘too negative,’ according to the central bank governor.

‘[The] tightening or easing kasi it takes account of both inflation and growth. There is what is called an output gap, that’s the difference between our actual growth rate and potential growth rate. So if that is too negative, we are less likely to tighten,’ BSP Governor Eli M. Remolona Jr., said, partly in Filipino. The chairman of the Monetary Board, spoke to reporters on the sidelines of the ECCP Luncheon Meeting with the central bank governor on Tuesday.

Remolona also said the growth rate of the economy will be ‘taken into account’ in upcoming monetary policy decisions.

The BSP governor said he expects growth to recover by the fourth quarter of this year or by the first quarter of next year.

‘Our expectation is that recovery can start in Q4 or Q1 next year. So the government is trying very hard to accelerate spending,’ Remolona said.

Asked if he expects third-quarter (gross domestic product) GDP to be slower than the growth rate in the second quarter of the year, the central bank governor told reporters: ‘Hindi naman. Nagre-recover na [Not really. Recovery is ongoing].’

The Philippine Statistics Authority (PSA) reported that the second quarter growth slowed further to 2.3 percent from the 2.8 percent in the first quarter and was significantly below the 5.4-percent expansion recorded a year earlier.

The latest reading was the slowest since the first quarter of 2021, when the economy contracted by 3.8 percent. Excluding the pandemic period, it was the weakest growth recorded since the fourth quarter of 2009, when gross domestic product (GDP) expanded by 1.8 percent. (See: https://businessmirror.com.ph/2026/08/08/growth-at-2-3-in-q2-recovery-dims-in-2026/)

The PSA is scheduled to release the official third-quarter 2026 GDP data on November 9,2026 while the BSP’s Monetary Board will hold its last monetary policy meeting for the year on December 17,2026.

Negative output gap

Based on the central bank’s August 2026 Monetary Policy Report, the negative output gap is projected to widen in 2026 ‘due mainly to subdued private consumption and lower investment.’

‘Adverse economic sentiment is expected to weigh further on investment. Household consumption is likewise seen to remain muted in the near term, reflecting weaker income growth and elevated inflation,’ the report noted.

Meanwhile, the central bank’s report explained that government consumption could provide some relief in the second half of 2026, given the planned catch-up in infrastructure spending.

‘The output gap is thus seen to narrow in 2027,as investment and trade recover, and household consumption improve,’ the Monetary Policy Report noted.

In the report, the central bank explained that the output gap is a ‘summary indicator’ of the relative demand and supply conditions in the economy.

‘The output gap is inherently difficult to measure. Nonetheless, the BSP monitors this indicator to assess the degree of demand-based inflation pressure,’ the report noted.

Similarly, if actual output falls below potential output over time, reflecting ‘economic slack,’ the BSP said prices will begin to fall in response to weak demand relative to supply.

In a recent commentary, former BSP Deputy Governor Diwa C. Guinigundo said the negative output gap does not eliminate the need to tighten.

‘It does, however, argue for careful calibration,’ he pointed out. (See: https://businessmirror.com.ph/2026/10/22/bsp-cannot-afford-to-wait-til-risks-have-materialized/)

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Still in tightening cycle

Still, Remolona emphasized that the central bank remains in tightening mode, as inflation rate ‘doesn’t adjust so quickly.’

‘Easing? Not yet, we are still in tightening [mode] so we don’t know,’ Remolona responded, when was asked on when the next easing cycle may start.

Remolona explained that the BSP is adopting a ‘forward-looking’ policy.

‘So tinatantsa namin kung tama na, tuloy-tuloy na yung pagbaba ng inflation, so hindi na kami magta-tighten. [So we are estimating if it’s enough, if inflation will steadily go down, so we won’t have to tighten,’ he added.

In 2026, inflation peaked at 7.2 percent in April before easing to 6.8 percent in May, 6.4 percent in June, 6.2 percent in July and 6.1 percent in August. However, it peaked again in September-matching the 7.2 percent rate in April.

The MB has raised the key interest rate by a total of 125 basis points since the start of the conflict in the Middle East on February 28, delivering three separate quarter-point rate hikes at the Monetary Board’s rate-setting meetings held on April 23, June 18, and August 27; and a separate half-point rate hike on October 22.