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Business news and information from the European Union

Europe's flagship investment plan extended to 2020 13 December 2017, 23:03 CET
The EU Council agreed Tuesday to extend the Fund for Strategic Investment, a flagship initiative under the 'investment plan for Europe', to 2020, with a target of half a trillion euros of additional investments.

Commission renews approval of glyphosate herbicide for 5 years 12 December 2017, 23:18 CET
The European Commission renewed for 5 years EU approval of glyphosate Tuesday, following scientific assessment which it says concludes there is no link between glyphosate and cancer in humans.

EU finalises trade partnership deal with Japan 12 December 2017, 17:01 CET
The EU and Japan finalised a deal on the EU-Japan Economic Partnership Agreement Friday, creating an economic zone with 600 million people and approximately 30 per cent of the world GDP.

EU unveils 'climate-smart investments' worth EUR 9bn 12 December 2017, 16:59 CET
The EU's Climate Action Commissioner announced some EUR 9 bn-worth of climate-focused investments Tuesday, for areas such as sustainable cities, sustainable energy and sustainable agriculture.

EU agrees on access to products and services for disabled people 08 December 2017, 23:41 CET
The EU Council signalled its readiness Thursday to start talks with the European Parliament on the accessibility directive, to make everyday products and services more accessible to people with a disability.

Dieselgate: EU gains power over new car approvals 08 December 2017, 23:40 CET
The EU institutions reached a provisional agreement Thursday on reform of type-approval and market surveillance for motor vehicles, raising the quality and independence of car type-approval and testing.

EU and partners agree to prevent unregulated fishing in high seas 07 December 2017, 23:54 CET
The European Union reached an international agreement Friday with partners including the United States and Russia to prevent unregulated commercial fishing in the Arctic high seas.

EU VAT revamp to make system 'fit for digital economy' 07 December 2017, 23:48 CET
EU finance ministers adopted new rules Tuesday to facilitate the collection of VAT when consumers buy goods and services online, and making it easier for online businesses to comply with VAT obligations.

Brussels presents plan for European Monetary Fund 07 December 2017, 22:39 CET
The EU Commission presented Tuesday a roadmap for deepening Economic and Monetary Union, including plans for a European finance minister and the establishment of a European Monetary Fund.

Consultation on guidance for identifying endocrine disruptors 07 December 2017, 16:38 CET
The EU's Food Safety and Chemicals agencies are inviting interested parties to comment on the draft guidance document for identifying endocrine disruptors under EU legislation for pesticides and biocides.

Lyon wins 2018 Access City Award 07 December 2017, 13:48 CET
On the European Day for People with Disabilities, the French city of Lyon was awarded the 2018 Access City Award for its inclusive and universal accessibility. the EU Commission announced on Tuesday.

Landmark deal to bolster EU's trade defence 06 December 2017, 22:42 CET
After four years of talks, the EU institutions reached political agreement Tuesday on rules to protect the EU against unfairly cheap imports and combat environmental or social dumping more effectively.

US and EU agree deal on derivatives trading 05 December 2017, 22:43 CET
The European Commission recognised Tuesday some US trading venues authorised by the Commodity Futures Trading Commission as eligible for compliance with the EU trading obligation for derivatives.

UK's refusal of transgender pension unlawful: EU Court 05 December 2017, 22:29 CET
A requirement for a transgender person to be unmarried in order to qualify for a state retirement pension is unlawful, according to the Opinion of the Advocate-General of the EU's top Court given Tuesday.

UK comes off EU's list of countries with excessive deficits 05 December 2017, 19:01 CET
The EU Council took the United Kingdom off its list of Member States with excessive deficits Tuesday, confirming that its government deficit had dropped below the EU's 3 per cent of GDP reference value.

EU publishes blacklist of 17 tax havens 05 December 2017, 18:19 CET
European finance ministers published Tuesday the EU's first-ever list of tax havens, or non-cooperative tax jurisdictions, with 17 countries having failed to meet agreed tax good governance standards.

EU welcomes G20 forum deal on steel over-capacity 05 December 2017, 18:08 CET
The European Commission welcomed Friday the agreement by the G20's Global Forum to wide-ranging policy solutions to tackle global steel over-capacity, to be implemented in 2018 and 2019.

Commission proposes new tools to combat VAT fraud 30 November 2017, 23:54 CET
The EU Commission unveiled Thursday new tools to make the EU's Value Added Tax system more fraud-proof and to close loopholes which can lead to large-scale VAT fraud.

Brussels updates EU Air Safety List 30 November 2017, 23:54 CET
The Commission updated the EU Air Safety List of non-European airlines that do not meet international safety standards Thursday, adding Venezuela's Avior Airlines to the list of banned airlines.

Summit strengthens EU-Africa cooperation 30 November 2017, 22:54 CET
European and African leaders set out their commitment at the close of an EU-Africa summit Thursday to invest in youth for a sustainable future, prioritising investment, education, security and migration.

Investment boost for the development of sustainable cities 30 November 2017, 14:28 CET
The European Commission and European Investment Bank launched Tuesday a new advisory service to help cities plan investments to support urban development and get easier access to finance.

Profits of Europe's SMEs on the rise: ECB survey 29 November 2017, 23:37 CET
Smaller businesses in Europe have reported increasing profits for the first time since the beginning in 2009 of a European Central Bank survey, which also reports a higher willingness of banks to lend.

EU Court rules in favour of worker's right to paid leave 29 November 2017, 22:58 CET
The EU's top court ruled Wednesday that a worker is still entitled to accumulated paid leave even if an employer has not put him in a position to exercise his right to paid annual leave.

Brussels acts to protect Europe's know-how 29 November 2017, 20:35 CET
Europe's smaller companies will be encouraged to invest in innovation and creativity, under EU Commission plans presented Wednesday to strengthen protection of intellectual property rights.

Euro-MPs back people-powered renewables 29 November 2017, 17:59 CET
MEPs in committee voted Tuesday for new binding targets for energy efficiency and use of renewables, calling for recognition of the right of Europeans to produce and sell their own renewable electricity.