European Union Business News from EUbusiness.com
- EU agrees extra 2013 budget, with caveats — 15 May 2013, 11:12 CET
EU finance ministers agreed Tuesday to add 7.3 billion euros to the bloc's 2013 budget, a hotly contested move which was crucially tied to a wider accord on its 2014-20 spending plans.
- Germany cancels 'Euro Hawk' drone programme — 14 May 2013, 18:56 CET
Germany has cancelled a planned 'Euro Hawk' drone programme fearing
European authorities will not certify them, a defence ministry source
said Tuesday after reported European safety concerns.
- Mali president will do utmost to ensure polls on July 28 — 14 May 2013, 18:55 CET
Mali's interim President Dioncounda Traore said Tuesday he will do his
utmost to ensure that national elections, a key goal of the troubled
country's backers, take place as planned on July 28.
- Failure of EU fisheries talks would be 'disaster': Ireland — 14 May 2013, 17:00 CET
It will be a "disaster" if difficult talks on reform of the EU's
under-pressure fishing regime fail to deliver an agreement, Ireland
warned Tuesday, calling on all sides to compromise.
- Small euro coins may be dropped — 14 May 2013, 17:00 CET
Small change in the euro, one and two-cent coins, expensive to make and
a nuisance for many, may have no future, the European Commission said
- EU welcomes Visa card move to cut fees — 14 May 2013, 20:13 CET
Credit-card giant Visa has agreed to cut some of its inter-bank fees, by up to 60 per cent, to meet EU anti-trust concerns, the European Commission said on Tuesday.
- Mali president pledges polls as EU, France gather donors — 14 May 2013, 20:20 CET
Mali's president pledged Tuesday that July elections, a key goal of the troubled country's backers, will go ahead as he prepared for a donors conference meant to help Bamako move on from war and a two-year political crisis.
- Cyprus aims to regain trust by 2016 after bailout cash — 14 May 2013, 13:06 CET
Cyprus aims to recover market confidence by 2016 after receiving the first tranche of a 10 billion euro rescue package to save its recession-hit economy, Finance Minister Haris Georgiades said on Tuesday.
- Support for EU on the slide: Pew survey — 14 May 2013, 12:15 CET
Popular support for the European Union and greater economic integration to combat the debt crisis has fallen sharply, especially in key member France, a Pew Research survey shows.
- EADS posts profit leap as Airbus orders soar — 14 May 2013, 12:15 CET
European aerospace giant EADS said Tuesday its first quarter profits
soared 91 percent from a year ago to 241 million euros ($316 million)
amid solid demand for its commercial aircraft.
- 14 EU culture ministers seek exemptions from a US trade deal — 14 May 2013, 12:15 CET
European culture ministers from Germany, France and 12 other member nations have called for the audiovisual sector to be exempted from negotiations for an EU-US free trade deal.
- EU seeks to unleash crackdown on tax evasion — 14 May 2013, 12:14 CET
European finance ministers bid Tuesday to unlock a trillion-euro annual crackdown on tax evasion, under pressure from EU leaders looking for new measures to boost job creation and growth.
- Germany threatens new EU bailout plans — 14 May 2013, 12:01 CET
Germany's finance minister warned that only EU treaty change would
create the legal framework needed to allow the formation of a single
bailout agency for its ailing banks, in an article for Monday's
- Britain's Cameron bows to pressure on EU referendum law — 14 May 2013, 16:58 CET
British Prime Minister David Cameron bowed to pressure from his restive Conservative party on Tuesday and published a bill to hold a referendum on membership of the European Union.
- Austria warns against arms shipments to Syrian rebels — 14 May 2013, 12:00 CET
Austria has warned its 26 European Union partners in a letter against
providing weapons for rebel movements in the Syrian conflict, said a
press report to be published Tuesday.
- Slovenia yet to dispel bailout concerns, warns Rehn — 14 May 2013, 12:00 CET
The European Union's top economic official warned Monday that Slovenia may not have done enough to escape becoming the eurozone's sixth bailout case.
- Obama backs Cameron's call for reformed EU membership — 13 May 2013, 20:17 CET
President Barack Obama on Monday endorsed Prime Minister David Cameron's
Europe strategy, as his guest faces a rebellion from within his
Conservative Party on whether to pull Britain out of the EU.
- Crisis-hit Spain, Portugal back youth jobs plan — 13 May 2013, 19:57 CET
Recession-hit Spain and Portugal said Monday they welcomed "any plan" to
fight youth unemployment, after reports that European powers planned to
invest billions in getting young people back to work.
- Cameron: 'no exceptions' in US-EU free trade talks — 13 May 2013, 21:24 CET
British Prime Minister David Cameron said Monday that all subjects and products should be up for discussion in coming negotiations on the proposed US-EU free trade area.
- Warsaw, Prague want common gas market in Central Europe — 13 May 2013, 19:35 CET
The prime ministers of Poland and the Czech Republic on Monday called
for a common gas market in Central Europe that would span from the
Baltic sea to the Adriatic.
- Cameron: next 5 weeks 'crucial' for US-EU trade talks — 13 May 2013, 19:36 CET
British Prime Minister David Cameron said Monday that talks on the
proposed US-EU free trade area could be launched by next month's Group
of Eight meeting in Northern Ireland.
- Afghans, Croatians charged with human trafficking — 13 May 2013, 17:52 CET
Prosecutors in Croatia on Monday pressed charges on three Afghans and
seven Croatians for their alleged role in a human trafficking network
that smuggled people into the European Union.
- EU bailout fund releases Cyprus aid payment — 13 May 2013, 18:12 CET
The EU on Monday handed over the first two billion euros of loans agreed under the controversial Cyprus aid deal, the bloc's European Stability Mechanism said in a statement.
- EU begins difficult talks on fishery reforms — 13 May 2013, 17:53 CET
EU fisheries ministers began difficult talks Monday on reforms to the bloc's under-pressure fishing regime, with plans to stop the dumping of unwanted fish a key sticking point.
- France, Germany plan 'New Deal' for jobless youths — 13 May 2013, 17:05 CET
Germany and France plan to launch this month a "New Deal for Europe" against youth unemployment, which has topped 50 per cent in several countries, with credits for companies that create jobs, a news report said Monday.