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Business news and information from the European Union

EU proposes ban on new psychoactive substance 01 September 2016, 00:15 CET
The European Commission proposed Wednesday to subject the new psychoactive substance MDMB-CHMICA, sometimes referred to as 'Black Mamba', to control measures across the European Union.

EUR 13 bn Ireland tax aid to Apple illegal, says EU 31 August 2016, 23:49 CET
Ireland must recover undue tax benefits of up to EUR 13 bn granted to Apple, the EU Commission said Tuesday. This is illegal under EU state aid rules, as it allowed Apple to pay substantially less tax than other businesses.

Car emissions tests too vague, 'Dieselgate' enquiry told 31 August 2016, 23:44 CET
EU car emission rules had lacked clarity, said Guenter Verheugen, EU Industry Commissioner from 2004 to 2010, as he appeared before the European Parliament's enquiry committee into the 'Dieselgate' scandal Wednesday.

Leaders look to safeguard future of Europe 30 August 2016, 18:45 CET
Europe's Italian, French and German leaders meeting to chart the future of the EU following Britain's Brexit referendum have promised to secure Europe's future and uphold European values.

EU defends Greek deficit statistics 30 August 2016, 18:44 CET
The European Union has defended the credibility of Greece's statistics body ELSTAT, as its former head Andreas Georgiou remains under threat of prison over reporting Greece's huge deficit in 2009.

WTO rules Russian EU pork ban illegal 25 August 2016, 00:51 CET
Russia's import ban on live pigs, fresh pork and other pig products from the EU was declared illegal by the World Trade Organization Friday in the light of international trade rules.

EU Ecolabel: new criteria for computers and shoes 23 August 2016, 01:03 CET
New ecological criteria under the EU Ecolabel scheme for computers, shoes and furniture and footwear were adopted Wednesday by the European Commission.

Spain, Portugal escape EU budget fines 09 August 2016, 19:11 CET
EU Member States agreed Monday to waive fines on Portugal and Spain for failing to take effective action to correct their excessive budget deficits, setting new deadlines for corrective action.

EU slaps anti-dumping duties on Chinese, Russian steel 09 August 2016, 19:08 CET
The European Union slapped anti-dumping duties on 'cold rolled steel' from China and Russia on Thursday, with the stipulation that they should remain in place for five years.

EU - U.S. Privacy Shield goes operational 04 August 2016, 23:41 CET
From 1 August, companies can sign up to the Privacy Shield with the U.S. Department of Commerce who can verify their privacy policies comply with data protection standards required by the EU-U.S. agreement signed 12 July.

Systemic threat to rule of law in Poland, says EC 04 August 2016, 23:41 CET
There is a 'systemic threat' to the rule of law in Poland, the European Commission said as it sent the country recommendations over the independence of the country's judiciary.

EU takes action at WTO over Chinese raw materials 01 August 2016, 23:57 CET
The European Union has launched its third action against China at the World Trade Organization, this time against Chinese restrictions on export of raw materials essential for European industries.

Retiring employee still due annual leave allowance 21 July 2016, 23:36 CET
An employee ending his employment of his own will is nevertheless entitled to an allowance if he was not able to use up all or part of his right to paid annual leave, the EU Court ruled Wednesday.

ECB holds off action post-Brexit vote 21 July 2016, 18:32 CET
The European Central Bank kept interest rates unchanged Thursday, with ECB president Mario Draghi suggesting financial markets had weathered a spike of uncertainty and volatility following the UK's Brexit referendum.

Brussels sticks to its guns on posting of workers 21 July 2016, 00:47 CET
Following a review of its proposal to revise the Posting of Workers Directive, the EU Commission concluded Wednesday that the proposal does not constitute a breach of the subsidiarity principle.

New EU climate proposal to cut emissions in all sectors 20 July 2016, 23:32 CET
The European Commission released a new proposal Wednesday to accelerate transition to low-carbon economy by cutting emissions in transport, agriculture and buildings sectors by 2030.

Truck producers hit by record EUR 2.93 bn cartel fine 19 July 2016, 23:51 CET
The EU Commission on Tuesday fined truck producers - including Volvo/Renault, Daimler, Iveco and DAF - a total of EUR 2.93 billion for participating in a cartel and breaking EU antitrust rules.

Transatlantic unity 'never more important' in face of common challenges 19 July 2016, 23:48 CET
Meeting US Secretary of State John Kerry Monday, EU foreign affairs ministers highlighted the strength of the transatlantic partnership and its importance in addressing foreign and global challenges.

Post-UK vote uncertainty could hit EU recovery 19 July 2016, 23:23 CET
With markets and exchange rates affected by uncertainty and volatility, the European Commission published Tuesday its first assessment of the economic outlook for the EU after the UK's 23 June referendum.

EU and Asian leaders unite against terrorism 18 July 2016, 12:37 CET
The Asia-Europe Meeting (ASEM) concluded in Ulaanbaatar, Mongolia with a celebration of twenty years of partnership, but with the attack in Nice and the military coup attempt in Turkey high on leaders' minds.

Google's ad practices come under renewed EU fire 18 July 2016, 12:37 CET
Google's comparison shopping and ads-related practices breach EU rules, the Commission said Thursday as it sent two statements of objections to the American Internet search giant.

Baltic energy sector boosted by EUR 263m EU investment 18 July 2016, 12:35 CET
The European Union is to invest EUR 263 million in key European energy infrastructure projects, of which the lion's share will support the building of gas infrastructure in the Baltic Sea region.

Latvia tops Europe's innovation scoreboard 14 July 2016, 23:02 CET
EU innovation is catching up with Japan and the US, with Latvia the fastest growing innovator, according to the Commission's 2016 European Innovation Scoreboard released Thursday.

Agri-food trade report 2015: EU is world's top exporter 14 July 2016, 22:40 CET
The EU confirmed its position as number one agri-food exporter worldwide as agri-food exports reached EUR 129 billion in 2015 - more than 7 per cent of all goods exported from the EU.

EU moves to boost access to venture capital 14 July 2016, 22:28 CET
The European Commission proposed amendments to the European Venture Capital Funds and to the European Social Entrepreneurship Funds regulations Thursday in a boost for EU capital markets.