The European Commission, headquartered in Belgium, was founded in 1958 and employs approximately 34,050 individuals. Functioning as a body independent of national governments, the Commission represents and upholds the interests of the European Union as a whole. Its primary activities revolve around government administration, including preparing legislation for adoption by the Council (representing member countries) and the Parliament (representing citizens). Additionally, it administers the budget and various policy programmes, such as agriculture, fisheries, and research, in cooperation with authorities in the member countries.
On July 31, 2026, the European Commission initiated a legislative process to revise the EU Emissions Trading System (EU ETS), proposing changes that could establish global benchmarks. Earlier the same day, Ursula von der Leyen announced the launch of a call to create up to seven AI gigafactories across the European Union, allocating €10 billion and anticipating at least €20 billion in private investment to achieve the goal of becoming the "first AI continent." This announcement followed the launch of a multi-billion-euro tender for these AI Gigafactories, aiming to stimulate over €30 billion in investment in Europe's AI infrastructure, with fast power supply identified as a competitive factor. Also on July 31, the Commission disbursed another €3.47 billion to Ukraine from the €90 billion Ukraine Support Loan, responding to Ukraine's urgent military needs for drones, missiles, air defense, and fighter jets in its defense against Russia.
Subscribe for full access to European Commision's products in full detail
Subscribe for full access to European Commision's revenue in full detail
Subscribe for full access to European Commision's products in full detail 
