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Business news and information from the European Union

Anticipation and angst as Europe ends milk quotas 29 March 2015, 06:52 CET
European dairy farmers are facing the end of three decades of milk quotas on Wednesday with a mixture of anticipation and angst as it will allow them to serve growing demand in emerging markets, but could also cause a crash in prices.

EU-Ukraine summit to take place on April 27 28 March 2015, 20:23 CET
A summit between top European Union officials and Ukraine's leaders will take place in Kiev at the end of April, Ukraine President Petro Poroshenko announced on Saturday.

EU's top diplomat due at Iran talks Saturday 28 March 2015, 16:41 CET
EU foreign policy chief Federica Mogherini is expected in the Swiss city of Lausanne on Saturday to take part in tough negotiations on Iran's contested nuclear programme, her office said.

Fitch cuts Greece's rating amid default worries 27 March 2015, 23:27 CET
Ratings firm Fitch cut Greece's credit rating Friday amid worries that the eurozone country is running perilously close to defaulting on its sovereign debt.

Mogherini to attend Iran talks on Sunday: diplomatic source 27 March 2015, 18:49 CET
The EU's foreign policy chief Federica Mogherini will join the Iran nuclear talks in Switzerland this weekend, a European diplomatic source said on Friday, two days before a key deadline.

Greek reforms will put economy on track: Athens 27 March 2015, 18:48 CET
Greece said Friday the reform proposals it will soon present to its creditors will put the country's economy on track without the pain of austerity.

Italian olive tree disease stumps EU 27 March 2015, 18:30 CET
EU Member States are divided on how to stop the spread of a disease affecting olive trees in Italy that could result in around a million being cut down, officials said on Friday.

Hamas denounces EU decision to keep it on terror list 27 March 2015, 16:42 CET
Hamas on Friday denounced a European Union decision to keep the Palestinian Islamist group and de facto Gaza Strip ruler on its terrorism blacklist, despite a court ordering its removal.

EU keeps Hamas on terror list despite court ruling 27 March 2015, 16:21 CET
The European Union kept Hamas on its terrorism blacklist Friday despite a controversial court decision ordering Brussels to remove the Palestinian Islamist group from the register.

EU considers two-person cockpit rule after Alps crash 27 March 2015, 16:20 CET
The EU said Friday it is studying whether to make airlines keep two crew members in the cockpit at all times after the Alps crash in which a Germanwings co-pilot flew his Airbus into a mountain.

Time to create EU single digital market: Commissioner 27 March 2015, 14:12 CET
The European Union must act fast to create a single digital market or risk losing out to the United States and China in the global arena, the EU's Internal Market Commissioner said on Friday.

EU says end of milk quotas mean opportunities in Asia 27 March 2015, 14:12 CET
European dairy farmers will be better poised to benefit from world demand for their products, particularly in Asia, when three-decade old milk quotas are lifted next week, says the Agriculture Commissioner.

Bundesbank opposes more emergency funding for Greece: report 27 March 2015, 13:59 CET
Bundesbank chief Jens Weidmann says he is opposed to giving Greece more emergency loans, charging the new government in Athens with frittering away a lot of trust.

EU to probe cross-border e-commerce barriers 27 March 2015, 13:58 CET
Brussels announced a probe Thursday into efforts by the retail industry to stop shoppers using websites outside their own countries, in the latest step towards a single digital market across the EU.

Bulgarian prison conditions prompt German extradition refusals 27 March 2015, 00:05 CET
German courts have declined to hand over inmates to Bulgaria due to concerns over dire prison conditions in the European Union's poorest country, authorities said Monday.

EU deal on reforms, loans next week: Greek minister 26 March 2015, 20:39 CET
Greece's economy minister on Thursday said the country would next week reach a long-awaited accord with its creditors providing funds vital to avert a state default.

Top European beers to show calorie counts 26 March 2015, 20:38 CET
Beer drinkers in Europe will soon be able to find out the calorie count on their drinks after four of the world's biggest brewers said Thursday that they will list the information.

Macedonia PM accused of taking EUR 20m bribe 26 March 2015, 19:31 CET
Macedonian opposition leader Zoran Zaev on Thursday accused conservative Prime Minister Nikola Gruevski of accepting a 20-million-euro bribe from Chinese firms to grant them motorways construction concessions.

EU unveils ambitious overhaul of digital economy 26 March 2015, 18:17 CET
The EU has unveiled an ambitious plan to overhaul Europe's fragmented digital landscape that would allow Europeans travelling in other Member States to get their Netflix film fix or watch BBC iPlayer even when abroad.

Hungary reaches EU deal on nuclear fuel from Russia 26 March 2015, 18:16 CET
Hungary said Wednesday it has reached a compromise with EU nuclear body Euratom over plans for Russia to be the sole supplier of nuclear fuel to the country's Paks power plant.

EU says Yemen fighting risks 'serious regional consequences' 26 March 2015, 15:30 CET
EU foreign policy chief Federica Mogherini on Thursday warned of regional risks from fighting in Yemen and said there could be no military solution, after Saudi warplanes bombed Shiite rebels and sparked Iranian warnings.

Siemens lands EUR 1.7 bn train contract in Germany 26 March 2015, 14:01 CET
German engineering giant Siemens said Thursday it has secured a contract worth 1.7 billion euros ($1.9 billion) for the supply and maintenance of regional trains in Germany.

Weaker euro boosts Easyjet earnings 26 March 2015, 09:17 CET
Easyjet could record a profit during its first half after the pound strengthened against the euro in recent months, the British budget airline said on Thursday.

EU, US 'likely' to miss year-end target for free trade deal: Latvia 25 March 2015, 22:41 CET
The EU and United States will likely miss a year-end target to seal the world's biggest-ever free trade deal, current European president Latvia said on Wednesday.

Greek central bank head says Grexit not an option 25 March 2015, 21:22 CET
The governor of the Greek central bank ruled out the country's exit from the eurozone on Wednesday, and said that Athens was close to reaching a deal on its bailout.