EU News

European Union Business News from EUbusiness.com

EU leaders face tough talks at tax fraud summit — 22 May 2013, 03:22 CET

Leaders of recession-hit Europe take a fresh stab at fighting tax fraud and evasion worth a trillion euros a year at a summit Wednesday but seem unlikely to convince reluctant Austria and Luxembourg to sign on.

Europe faces 'decade of stagnation' if no reforms: Carney — 21 May 2013, 23:17 CET

Europe faces a "decade of stagnation" if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday.

EU set to brand Lebanon's Hezbollah as 'terrorists' — 21 May 2013, 22:57 CET

Ending months of hesitation, the European Union opened the door Tuesday to adding the military wing of Lebanon's Hezbollah to its list of international terrorist groups, EU diplomats told AFP.

Cyprus minister says 2013 GDP fall could be double-digit — 21 May 2013, 22:34 CET

Cypriot Finance Minister Haris Georgiades said on Tuesday the island could suffer a double-digit contraction in GDP this year as a result of swingeing cuts adopted in return for a eurozone bailout.

Nabucco pipeline project awaits Azerbaijan commitment — 21 May 2013, 22:33 CET

Officials from five countries with stakes in the Nabucco European pipeline project said Tuesday they were confident it will benefit from crucial Azerbaijan gas supplies.

US does not differentiate between Hezbollah arms: official — 21 May 2013, 22:30 CET

The United States said Tuesday it does not differentiate between Hezbollah's armed and political wings as it again urged Europe to blacklist the group, a decision diplomats indicated could be imminent.

Hezbollah terror-blacklisted in several countries — 21 May 2013, 19:52 CET

The European Union moved Tuesday closer to adding the military wing of Lebanon's Hezbollah to its list of international terrorist groups, EU diplomats told AFP.

Tax avoidance creeps onto EU summit agenda — 21 May 2013, 22:33 CET

Minimal tax paid by conglomerates are back in focus after US Senate criticism of Apple for stashing tens of billions of dollars in a network of subsidiaries across the globe.

Top Hungary court rejects appeal to block constitution changes — 21 May 2013, 22:33 CET

Hungary's constitutional court threw out Tuesday an appeal by the country's parliamentary ombudsman to annul a controversial set of constitutional changes which have drawn ire from the EU.

Italy PM slams 'hypocrisy' over tax fraud — 21 May 2013, 22:31 CET

Italian Prime Minister Enrico Letta on Tuesday complained of "incredible hypocrisy on a European level" in the fight against tax fraud on the eve of a one-day Brussels summit dedicated to the issue.

Spain, Germany team up to fight youth employment — 21 May 2013, 17:12 CET

Germany signed up Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said.

EU swimming beaches get clean bill of health — 21 May 2013, 16:18 CET

The vast majority of some 22,000 swimming beaches in the EU are clean and safe, the European Environment Agency said on Tuesday, in its annual report for 2012.

Luxembourg will meet US tax-law requirements — 21 May 2013, 16:23 CET

Luxembourg announced on Tuesday that it will share information with the US tax authorities about bank accounts held in the country by US citizens and residents of the United States.

EU set to brand Lebanon's Hezbollah as 'terrorists' — 21 May 2013, 17:13 CET

Ending months of hesitation, the European Union opened the door Tuesday to adding the military wing of Lebanon's Hezbollah to its list of international terrorist groups, EU diplomats told AFP.

European power firms sound alarm over energy policy — 21 May 2013, 13:17 CET

French group GDF Suez led an attack by eight leading European power companies on EU energy policy on Tuesday, saying it had "failed" and was destroying parts of the sector.

Hungary moves to ease tensions after Orban Nazi slur — 21 May 2013, 13:09 CET

Hungary has sought to ease tensions with Berlin after Prime Minister Viktor Orban asked Germany not to "send in the tanks again" in a recent interview on state radio.

Daily Currency update — 21 May 2013, 11:18 CET

The Euro remains close to a six-week low against the US Dollar and is trading slightly down against the Pound.

EU denies labelling of settler goods delayed — 20 May 2013, 23:34 CET

The European Union on Monday denied an Israeli media report that it was delaying labelling of products from Israeli settlements in the West Bank and east Jerusalem.

Afghan EU envoys push private sector in Herat — 20 May 2013, 17:01 CET

It was an away-day with a difference -- 13 European ambassadors travelling from Kabul to the western city of Herat to prove that business can be conducted outside the Afghan capital.

Germany seeks 'visible' Kosovo-Serbia progress — 20 May 2013, 16:55 CET

Germany on Monday called for "visible" progress in implementing a landmark deal between Serbia and Kosovo before securing Berlin's backing for Belgrade's bid to join the European Union.

Most Portuguese reject bailout conditions — 20 May 2013, 17:05 CET

The latest draconian measures to shore up the Portuguese economy will make matters worse and the government should break the agreement with the IMF and European Union or obtain better terms, an opinion poll finds.

Cambodia opposition urges UN, EU help on fair polls — 20 May 2013, 14:25 CET

About 2,000 Cambodian opposition members on Monday marched through the capital Phnom Penh to appeal for the help of the United Nations and the European Union to ensure free and fair elections.

EU "dismayed" by attack on gay rights rally in Georgia — 20 May 2013, 14:26 CET

The European Union on Monday condemned the violent disruption of a gay rights rally in Georgia by thousands of ultra-conservative Orthodox church supporters led by priests.

Gay marriage vote set to deliver Britain's Cameron more problems — 20 May 2013, 10:46 CET

British Prime Minister David Cameron faces further dissent from within the ranks of his Conservative Party as a bill to legalise gay marriage returns to Parliament Monday.

EU, China have much to lose if trade war breaks out: analysts — 19 May 2013, 13:43 CET

The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek, say analystsc.